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

[fruktik]

I am an anarchist at heart and I don't give a damn about these prohibitions. But do you know what's good about them? Because they don't let you relax. They keep you on your toes and make you look for workarounds.

So "yes." I will buy bitcoin, but I will do it in such a way that no creature will know about it. I'm even interested in that.

[|MINER|]

Yeah, but not all genius inventions can be easily accepted by the world government... even you must know some conspiracies about Nikola Tesla's inventions that are hidden by the world government for certain purposes... we can know Bitcoin now because of Satoshi and also there has been no extreme action from the government of big countries (except China), therefore, we can still have Bitcoin and trade it freely and limitedly...

Even so, it does not rule out the possibility that the wave of revolutionary breakthroughs will occur very quickly, considering that the government always has a plan one step ahead than ordinary citizens... so, it does not rule out the possibility that some governments will ban Bitcoin at any time, for their reasons... yes even though I'm sure there will be many people who are labeled as naughty citizens because they secretly transact Bitcoin.

I remember when bitcoin and bitcoin mining were banned in China, many people commented that bitcoin might not be able to move forward. But even with their ban, bitcoin has moved through 109k.
And it seems that another bullishness is yet to start. So no one can control it and as such, there is no point in governments banning it.

[JorvikCoin]

Yeah, but not all genius inventions can be easily accepted by the world government... even you must know some conspiracies about Nikola Tesla's inventions that are hidden by the world government for certain purposes... we can know Bitcoin now because of Satoshi and also there has been no extreme action from the government of big countries (except China), therefore, we can still have Bitcoin and trade it freely and limitedly...

Even so, it does not rule out the possibility that the wave of revolutionary breakthroughs will occur very quickly, considering that the government always has a plan one step ahead than ordinary citizens... so, it does not rule out the possibility that some governments will ban Bitcoin at any time, for their reasons... yes even though I'm sure there will be many people who are labeled as naughty citizens because they secretly transact Bitcoin.

I remember when bitcoin and bitcoin mining were banned in China, many people commented that bitcoin might not be able to move forward. But even with their ban, bitcoin has moved through 109k.
And it seems that another bullishness is yet to start. So no one can control it and as such, there is no point in governments banning it.

I've been amazed at how bitcoin keeps bouncing back even when big places like China try to shut it down. It's wild to me how it's built in a way that no one can really boss it around, it just keeps going! I see more and more people all over the world jumping on board and that makes me feel like it's here to stay. Governments might throw some rules at it and I get why they'd want to but I dont think they can stop it. To me, Bitcoin's like this tough little fighter, it adapts and keep its value no matter what. I figure those rules will end up guiding where it heads next, not killing it off, and I'm excited to see how it all plays out.

[omori]

I remember when bitcoin and bitcoin mining were banned in China, many people commented that bitcoin might not be able to move forward. But even with their ban, bitcoin has moved through 109k.
And it seems that another bullishness is yet to start. So no one can control it and as such, there is no point in governments banning it.

BTC will prevail no matter what.

All the factors that come into play are temporary, while its scarcity - it will be there.

[Publictalk792]

If government bans Bitcoin it can make tough situation for people who are holding Bitcoin for long time. By the way many from us can still choose to keep their Bitcoin but secretly. There are few reasons for this Bitcoin has always bounced back after facing problems including government bans.And Bitcoin decentralized system make it hard for governments to completely stop it so people who use Bitcoin can still find ways to buy and store Bitcoin.And I think governments can change their rules so some investors can hold their Bitcoin with that hope it will become legal in their region again. Decision depends on each person situation and how much risk they can take some can follow government rules to avoid trouble while others can take risk and keep buying and storing Bitcoin.

[philipma1957]

I put in a small just in case bid  10 trump coins at 11.11 each.

Since trump and his kids may be in charge for 4-12 years in a row.

If so I would think trump coin would do well.

[bayu7adi]

I remember when bitcoin and bitcoin mining were banned in China, many people commented that bitcoin might not be able to move forward. But even with their ban, bitcoin has moved through 109k.
And it seems that another bullishness is yet to start. So no one can control it and as such, there is no point in governments banning it.

OMG... that's true, but what made BTC to $109k is not China... there are still many other supporting factors that make BTC able to survive... China is one of the big triggers... yes if we see China starting to accept Bitcoin for certain utilities in China or just hearing good news from Xi Jin Ping about Bitcoin adoption in China, that would be enough to make many big investors put their money into Bitcoin in a short time... meaning that there will be a bullish also related to China's decision...

What makes Bitcoin can be super extraordinary, there are so many... while China is one of the factors... the Bitcoin ban from China has been going on for a long time, and we see there is a momentary dump moment because many Chinese investors start to exit the Bitcoin investment scheme suddenly...

Even the slogan "Buy what China bans" was once a hot topic at that time, because the position of Xi Jinping's government was so important regarding the ban on Bitcoin and its impact on the Bitcoin market.

[dave_strider]

I put in a small just in case bid  10 trump coins at 11.11 each.

Since trump and his kids may be in charge for 4-12 years in a row.

If so I would think trump coin would do well.

Let's see where it would lead us.

But I wouldn't put any hopes on that, just for giggles and interest 

[|MINER|]

OMG... that's true, but what made BTC to $109k is not China... there are still many other supporting factors that make BTC able to survive... China is one of the big triggers... yes if we see China starting to accept Bitcoin for certain utilities in China or just hearing good news from Xi Jin Ping about Bitcoin adoption in China, that would be enough to make many big investors put their money into Bitcoin in a short time... meaning that there will be a bullish also related to China's decision...

I have no problem saying that the more people come to invest in Bitcoin, the better its decentralization will be. In this regard, if the Chinese government re-legitimizes Bitcoin, then Bitcoin will definitely reach new heights.
But what I mean by my opinion is that no government or person can stop or control Bitcoin by banning it.
Moreover, I still think that there is still a big investment from China.

[arabspaceship123]

It's better when ppl accept bitcoin's fate doesn't depend on ordinary ppl it's in the hands of powerful leaders. If they make it illegal bitcoin's finished because ppl won't buy it.

[dave_strider]

It's better when ppl accept bitcoin's fate doesn't depend on ordinary ppl it's in the hands of powerful leaders. If they make it illegal bitcoin's finished because ppl won't buy it.

It won't be banned in all places around the world anyways 

[bayu7adi]

It's better when ppl accept bitcoin's fate doesn't depend on ordinary ppl it's in the hands of powerful leaders. If they make it illegal bitcoin's finished because ppl won't buy it.

it doesn't seem so.. we see bitcoin is not fully controlled by the government alone... even though all world governments prohibit activities related to Bitcoin, it will still have its fans, yes because it's simple... Bitcoin is decentralized... however, the impact that is caused must be extraordinary... where Bitcoin enthusiasts will decrease a lot, because legal institutions will start releasing their Bitcoin and that narrows the entry of new investors.

As long as bitcoin still doesn't belong to anyone, world governments will not be able to make Bitcoin die to $0...

[Z-tight]

That is a tough one. I will say it depends on what the penalty is, if people who are caught using BTC would be imprisoned, then i would take no chances, i do not want to spend a day in prison. Relocating out of ones country is also not an easy decision, i would just hope things don't come to this, so i don't ever have this decision to make.

[Zed0X]

Unlikely to happen here but assuming it did, I will probably continue to trade btc and other crypto after such law/rule has been passed. I doubt most international exchanges would honor them and ban users from our country anyway. There are just too many options to bypass the regulation.

[omori]

Unlikely to happen here but assuming it did, I will probably continue to trade btc and other crypto after such law/rule has been passed. I doubt most international exchanges would honor them and ban users from our country anyway. There are just too many options to bypass the regulation.

DEXes would be a way to go, that would just add up some steps to acquire BTC properly, and that would be it.