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

[Azharul]

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?

If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.

Actually, I think that you could express a best opinion in your comment. So I am also agree with your prefer comment. Because if we follow in worldwide, we can see that many countries could not accept bitcoin for country rules. But I think that if those countries will recognize bitcoin or cryptocurrency, I think that it will be very helpful for them. Because I think that in future digital currency will be common asset for future. But if government banned bitcoin for our country, we must should trying to earn another best way for our livelihood.

[omori]

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?

If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.

Actually, I think that you could express a best opinion in your comment. So I am also agree with your prefer comment. Because if we follow in worldwide, we can see that many countries could not accept bitcoin for country rules. But I think that if those countries will recognize bitcoin or cryptocurrency, I think that it will be very helpful for them. Because I think that in future digital currency will be common asset for future. But if government banned bitcoin for our country, we must should trying to earn another best way for our livelihood.

..Or just use something without KYC logo on it 

[dave_strider]

-snip-
it think its fair to receive BTC in your wallet but not sell it. it would be unfair to jsut prosecute someone who only receives BTC because if this is what they do i think there will be a lot of people to be jailed. if a person with bad intention just send a coin to someone they hate, they will be doing it.

I also agree. Anybody would of just send you some dust and prosecute you for that - I do think it would only raise suspicion to you if it was done on the KYC platform, otherwise, no biggie.

[Hisbullah]

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?

If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.

Actually, I think that you could express a best opinion in your comment. So I am also agree with your prefer comment. Because if we follow in worldwide, we can see that many countries could not accept bitcoin for country rules. But I think that if those countries will recognize bitcoin or cryptocurrency, I think that it will be very helpful for them. Because I think that in future digital currency will be common asset for future. But if government banned bitcoin for our country, we must should trying to earn another best way for our livelihood.

Currently, it seems that governments in many countries have started to accept bitcoin for investment, although not all countries. However, most developed countries have opened themselves up to allowing their citizens to invest in bitcoin. If we follow world developments, when bitcoin was first launched, almost all governments rejected bitcoin and prohibited their citizens from investing in bitcoin. However, even though it was rejected, bitcoin still exists today and is increasingly popular and also expensive.

[dave_strider]

Currently, it seems that governments in many countries have started to accept bitcoin for investment, although not all countries. However, most developed countries have opened themselves up to allowing their citizens to invest in bitcoin. If we follow world developments, when bitcoin was first launched, almost all governments rejected bitcoin and prohibited their citizens from investing in bitcoin. However, even though it was rejected, bitcoin still exists today and is increasingly popular and also expensive.

Adoption cannot be stopped, only halted in its tracks.

And the bigger country is in question, more likely it will take even more effort for it to understand that BTC has lots of potential as a store of value for them.

[Trongduy]

If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.

Dollars roll in from all sorts of investments, but the gains? They're nowhere near as juicy as a successful crypto play. Gold's having a moment right now, sure, but long term, it's just not in BTC's league. People see those BTC profits, and they're gonna find a way to get in on that action, trust me.

Governments can throw out bans all they want, but they don't have the tools to really track or police this stuff. P2P trades? Those are happening under the radar, no problem.

[Vx1]

If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.

how about just receive the BTC and not trade it?

it think its fair to receive BTC in your wallet but not sell it. it would be unfair to jsut prosecute someone who only receives BTC because if this is what they do i think there will be a lot of people to be jailed. if a person with bad intention just send a coin to someone they hate, they will be doing it.

But I don't think there is a government like that, usually the government only limits Bitcoin because it is afraid that it will be used in crime. What exists is the government imposing income tax from Bitcoin and crypto in general. So that we will both benefit, we can still be active in crypto and the government receives its taxes.

[doc]

If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.

how about just receive the BTC and not trade it?

it think its fair to receive BTC in your wallet but not sell it. it would be unfair to jsut prosecute someone who only receives BTC because if this is what they do i think there will be a lot of people to be jailed. if a person with bad intention just send a coin to someone they hate, they will be doing it.

But I don't think there is a government like that, usually the government only limits Bitcoin because it is afraid that it will be used in crime. What exists is the government imposing income tax from Bitcoin and crypto in general. So that we will both benefit, we can still be active in crypto and the government receives its taxes.

I also agree with you, the government only limits it so that there is no misuse of bitcoin, that's why lately every time there is a withdrawal on a local exchange, data must be included. Because for prevention that the government must do. If you only accept bitcoin, it seems like you won't be imprisoned, because we can't limit our crypto wallet.
The government can also take taxes from our crypto transactions.

[Vx1]

I also agree with you, the government only limits it so that there is no misuse of bitcoin, that's why lately every time there is a withdrawal on a local exchange, data must be included. Because for prevention that the government must do. If you only accept bitcoin, it seems like you won't be imprisoned, because we can't limit our crypto wallet.
The government can also take taxes from our crypto transactions.

And I think it's better than having to ban every crypto activity, either Bitcoin or other Altcoins, because the potential to get profit from Cryptocurreny is very large, so we must remain patient and respond wisely to every decision taken by the government. Let's just follow the existing rules as long as they are mutually beneficial for us and the government.

[Faisal2202]

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?

This is a serious question, and really is not a good idea to answer the question honestly and openly here because it would be like accepting that you have committed the crime, hehe. But still, there are ways to buy Bitcoin without letting the government know, that's the beauty of it. But it is not advisable because why take the risk if your place does not allow it? What if they found out later? They might give some huge fines or punishments.

But I have learned that if your country has not properly announced which section or punishment will be imposed on the person who will be involved in crypto even after we prohibited its use, then you can still use it, but if they have strictly announced some punishments and laws then we should not.

[electronicash]

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?

This is a serious question, and really is not a good idea to answer the question honestly and openly here because it would be like accepting that you have committed the crime, hehe. But still, there are ways to buy Bitcoin without letting the government know, that's the beauty of it. But it is not advisable because why take the risk if your place does not allow it? What if they found out later? They might give some huge fines or punishments.

But I have learned that if your country has not properly announced which section or punishment will be imposed on the person who will be involved in crypto even after we prohibited its use, then you can still use it, but if they have strictly announced some punishments and laws then we should not.

once you tried Bitcoin investment before, you may never really want to stay away from it even if your government suddenly bans it.

i will still be trading after all the exchange i have been trading in isn't cooperating with my government. maybe they will give away our data but not when the government is still hostile to the users.

but i may still be buying somewhere else to keep my activity private. so far my government isn't banning crypto.

[arabspaceship123]

The answer's no. If bitcoin's banned you wouldn't buy it because it'll be illegal. If it's illegal in my country I wouldn't buy it. Who wants to break the law & face legal trouble it isn't worth it.

[robelneo]

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'm glad that Bitcoin is still legal in our country, but if they forbid it, I will still buy and store Bitcoin and will just be discreet on how I do it.
Administrations come and go, and so do government policies, but Bitcoin is here to stay, so I don't want to miss the greatest opportunity to own Bitcoin, or I can go abroad if I have enough Bitcoin and already made profit.

[densus88]

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'm glad that Bitcoin is still legal in our country, but if they forbid it, I will still buy and store Bitcoin and will just be discreet on how I do it.
Administrations come and go, and so do government policies, but Bitcoin is here to stay, so I don't want to miss the greatest opportunity to own Bitcoin, or I can go abroad if I have enough Bitcoin and already made profit.

The government in our country also does not prohibit investing in bitcoin, this is what makes me grateful because as crypto lovers we can invest safely. You are right, governments will come and go changing policies while bitcoin and crypto will last longer and exist. this is what makes me still choose to invest in bitcoin and altcoin.

[sampoerna]

The government in our country also does not prohibit investing in bitcoin, this is what makes me grateful because as crypto lovers we can invest safely. You are right, governments will come and go changing policies while bitcoin and crypto will last longer and exist. this is what makes me still choose to invest in bitcoin and altcoin.

Yes, we are very fortunate because since 2019, at least crypto has been legal in our country, although it is legal as a commodity asset, not as a means of payment. but still it has a big influence on us, for our efforts to earn income from crypto, to be involved in crypto business and other activities. although indeed in the end, we are burdened with tax funds when transacting crypto on local exchanges, but yes, we have to accept it. at least, we do it for the sake of state revenue, and we have the advantage of having these regulations in crypto.