If your government banned Bitcoin, would you still buy BTC?

[bayu7adi]

Between courage and fear, when you have known BTC for a long time and have owned BTC for several years, until you can make a lot of money from BTC, ... for example, suddenly the government in the country you live in, turns out to prohibit the circulation of BTC, because it endangers the sovereignty of FIAT currency..

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

[philipma1957]

Between courage and fear, when you have known BTC for a long time and have owned BTC for several years, until you can make a lot of money from BTC, ... for example, suddenly the government in the country you live in, turns out to prohibit the circulation of BTC, because it endangers the sovereignty of FIAT currency..

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

My roots are in the USA so I won't leave the USA.  I also have far too much to lose if keeping BTC was a crime I would simply sell my BTC.

Now if I were free to leave the USA I would do that but I would not think it would happen.

[Charles-Tim]

for example, suddenly the government in the country you live in, turns out to prohibit the circulation of BTC, because it endangers the sovereignty of FIAT currency..

Know that people see bitcoin not as a substitute to fiat. It is not competing with fiat. It is better than fiat and people use it for investment and a store of value. What fiat can not be used for. Fiat are used for businesses and daily spending. Most people do not use bitcoin for spending daily.

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

I will continue to make use of bitcoin.

[dave_strider]

They wouldn't know how much BTC I already got if I play my cards right, sooo.. No brainer for me 

[milewilda]

Between courage and fear, when you have known BTC for a long time and have owned BTC for several years, until you can make a lot of money from BTC, ... for example, suddenly the government in the country you live in, turns out to prohibit the circulation of BTC, because it endangers the sovereignty of FIAT currency..

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

I dont really care if the government will really be banning out Bitcoin or crypto on which you can be still able to make out transactions accordingly without being caught on which we know that we can still access some exchangers or even making use of decentralized platforms on which you can be able to make up that accumulation without being caught but of course you shouldnt be that confident because we do know that once that things being prohibited then you do really need up to know on what are your limitations because we do know that on the time that you are already that getting caught then that would really be a huge problem and this is why you should really be that still careful when you are making up transactions specially if its banned. Yes, its scary but actually there are ways on which we can be able to deal up with it but dont make yourself that being confident.

[Fivestar4everMVP]

Between courage and fear, when you have known BTC for a long time and have owned BTC for several years, until you can make a lot of money from BTC, ... for example, suddenly the government in the country you live in, turns out to prohibit the circulation of BTC, because it endangers the sovereignty of FIAT currency..

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

I will still buy and store bitcoin without any form of fear, thank goodness that bitcoin addresses where coins are held are anonymous and do not trace back to their real owners except when a person decided on their own to expose the bitcoin wallet address linked to their person or identify.
So there is actually no way for the government to tell or know if I am investing in bitcoin or not.

By the way, the Nigerian government have banned bitcoin and all forms of cryptocurrency transaction in the country but still, a large number of her citizens are still investing, trading in bitcoin and cryptocurrencies and making money every day.

[target]

Well I can earn them from the campaigns and buy only on the users in the forums. There have been people on Qatar that have bought my coins, I tend to give him a chance for he send his money first to me. I have no idea he was serious to buy my coins for higher than the market price.

If he can do this, I could also do this. Its worth the risk especially if I do it while the price already dip to more than 50% in the bear market. Most of us will not give up for financial freedom.

[ABCbits]

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

It's easy to say/claim i'll keep own and store Bitcoin, but who knows if i actually can do that. Although buying Bitcoin would be challenging since,
1. You probably can't deposit using local bank/fiat wallet, since it could be tracked easily.
2. Some CEX may no longer user from my country.

DEX and P2P may works, but it's less than ideal since usually it has either low volume or bad exchange rate.

[Findingnemo]

If that's possible then yes, I can't change my path because of someone thought it's not good for the country when they have no idea of what it is. But buying and selling can be an issue along with that you may face legal actions if you found doing that. So you must do it in a way that doesn't leave any track of it.

[bitterguy28]

for example, suddenly the government in the country you live in, turns out to prohibit the circulation of BTC, because it endangers the sovereignty of FIAT currency..

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

i would want to but let’s be honest how much can we sacrifice for bitcoin? bitcoin is important to me but i also have to assess the KE election of security in my country

if this low is not implemented that strictly then maybe i can get away with it if i am careful enough but in countries where strict punishments and implementation are so well known like russia or north kora, i might think twice

[TomPluz]

Yes, only if Bitcoin will be back at $100 in price but unfortunately it won't happen based on developments in China where the government banned cryptocurrency but as we know many of its citizens are still into it and there is still even mining going on there hidden from the prying eyes of the government.  Bitcoin is not anymore that new kid on the block that can be bullied by any government...any government that will ban Bitcoin will not have any effect on the general market except maybe if it would be USA and we know that it is never happening soon.

[examplens]

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

Interesting topic.
Given that I have the most confidence in Bitcoin, more in the local currency and also much more than in the Dollar or Euro, I would definitely keep my portfolio in Bitcoin.
By the way, I went through one of the biggest inflations in history, and I know very well how worthless and manipulated fiat currency can be.

[omori]

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

Interesting topic.
Given that I have the most confidence in Bitcoin, more in the local currency and also much more than in the Dollar or Euro, I would definitely keep my portfolio in Bitcoin.
By the way, I went through one of the biggest inflations in history, and I know very well how worthless and manipulated fiat currency can be.

I think most of us would do the same - because we know the value of BTC that we hoard and hodl.
Fiat will be there all the time, but BTC - it becomes scarce as time goes on.

[0t3p0t]

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

If there is an option to buy and sell then that would be great the only question here is that , Do we have funds to buy Bitcoin? Regardless of restriction there will always be an option for us crypto enthusiasts to acquire but make sure we also have an option to sell because if not and you need it in an emergency situation then you're done. I can't personally say I am willing to forget about it because I am not a long term hodler though I am a little worried if the government will really impose strict regulations locally because you know withdrawals to local currency could be a struggle if that happens.

[hugeblack]

Buying Bitcoin will be the most challenging, but it can be considered an opportunity for long-term holding, allowing you to sell after the regulations change or travel to another country where you can legally sell Bitcoin.