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

[bayu7adi]

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.

The metaphorical term here should ignore the current government's condition which is "currently" not rejecting Bitcoin as a legal asset in a country... something we never expected would happen, including the government changing its mind and changing its rules regarding cryptocurrency.. that is something that is truly beyond our control...

indeed we are grateful at this time, when the government still allows cryptocurrency assets to circulate in our respective countries... but, at least you also need to be prepared to welcome the worst possibility, if the government decides to ban the circulation of cryptocurrency...

[taufik123]

-snip-
indeed we are grateful at this time, when the government still allows cryptocurrency assets to circulate in our respective countries... but, at least you also need to be prepared to welcome the worst possibility, if the government decides to ban the circulation of cryptocurrency...

Crypto is a commodity asset that is now widely used for investment and trade in our country, Everything is also clear and local exchanges are also legal to trade crypto with taxes that have been deducted for every transaction, so now crypto is a platform that can really be developed in our country.

It will only have to wait for new innovations for crypto and regulations that are completely in favor of crypto and not just banning it.
Crypto is not to be shunned but to be embraced as the payment technology of the future.

[Hisbullah]

-snip-
indeed we are grateful at this time, when the government still allows cryptocurrency assets to circulate in our respective countries... but, at least you also need to be prepared to welcome the worst possibility, if the government decides to ban the circulation of cryptocurrency...

Crypto is a commodity asset that is now widely used for investment and trade in our country, Everything is also clear and local exchanges are also legal to trade crypto with taxes that have been deducted for every transaction, so now crypto is a platform that can really be developed in our country.

It will only have to wait for new innovations for crypto and regulations that are completely in favor of crypto and not just banning it.
Crypto is not to be shunned but to be embraced as the payment technology of the future.

I agree with your opinion, Crypto should not be shunned but Kiaita must take advantage of the progress of this technology, because the possibility of crypto will be more dominant and in great demand in the future. The government in the state banak has begun allowing its citizens to invest in crypto and some have used it for trading, this is a good thing we see as a crypto lover.

[omori]

-snip-
indeed we are grateful at this time, when the government still allows cryptocurrency assets to circulate in our respective countries... but, at least you also need to be prepared to welcome the worst possibility, if the government decides to ban the circulation of cryptocurrency...

Crypto is a commodity asset that is now widely used for investment and trade in our country, Everything is also clear and local exchanges are also legal to trade crypto with taxes that have been deducted for every transaction, so now crypto is a platform that can really be developed in our country.

It will only have to wait for new innovations for crypto and regulations that are completely in favor of crypto and not just banning it.
Crypto is not to be shunned but to be embraced as the payment technology of the future.

They are too deep into it to shut the whole thing down, in my opinion.

And the profits / possibilities are bigger than the off-sets for the bigger entities in question.

[Faisal2202]

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.

That's really true, even if the government bans it later we still want a piece of BTC haha, I was making profit from BTC but I did not want to sell all of it so I kep some part and sold the other and still plan to not sell it ever haha. I just love that I have BTC.

They will give our data sooner or later, but we can prefer decentralized exchanges and proxies to avoid getting caught, overall this do increases the risk though.

Yeah we can ask a person (relative) living in a place where crypto is legal to buy coins from our end, but that can be more risker in my opinion.

[rizqillah]

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.

That's really true, even if the government bans it later we still want a piece of BTC haha, I was making profit from BTC but I did not want to sell all of it so I kep some part and sold the other and still plan to not sell it ever haha. I just love that I have BTC.

They will give our data sooner or later, but we can prefer decentralized exchanges and proxies to avoid getting caught, overall this do increases the risk though.

Yeah we can ask a person (relative) living in a place where crypto is legal to buy coins from our end, but that can be more risker in my opinion.

Actually we can use CEX comfortably and do not need to have our data worries if we do not take action against the law. So far I use CEX is still safe.
 But you are right if you choose decentralization so as not to get caught by your identity, each investor has their respective considerations in conducting transactions.

[joniboini]

Actually we can use CEX comfortably and do not need to have our data worries if we do not take action against the law. So far I use CEX is still safe.

In the context of the government banning crypto, I don't think a cex will survive. They'll send their customers' data to the government if they asked for it, not necessarily to go against the customers but as a way to monitor people who hold some crypto. If you made another transaction after the law is in effect, they'll go after you because you're breaking the law.

If we're talking about the status quo, a cex is safe until it isn't. Remember that we have so many cases of cex going bankrupt because of hacks, terrible management, etc. We have no control over what they do to begin with. Even if you aren't actively breaking the rules, you can still lose your money.

[Alone055]

There are no laws governing Bitcoin or cryptocurrencies in our country yet, but people are still using them without any worries. The only thing that bothers people involved in cryptocurrencies in my country is that the banking sector is completely against them, which means that if you are caught, or even if they suspect you of having any involvement with cryptocurrencies and that any of the transactions going through your bank account are or were involved with cryptocurrencies, they will block your account and seize your funds, and then you will have to provide them with proof for the funds and the transactions they've marked.

It's a lot of trouble, but other than that, exchanges such as Binance and other major and minor exchanges operate within our country which means you can easily buy and sell cryptocurrencies from here.

[Hamza2424]

It's a lot of trouble, but other than that, exchanges such as Binance and other major and minor exchanges operate within our country which means you can easily buy and sell cryptocurrencies from here.

Banking sector is not against them, it was the pre-planned operation nd statement from the side of FIA officials and our interior ministry that the crypto market should be treated as a threat to the loss of investment assets, and they don't have control over the open market and users fro now within the country. This is all about the 2021-2022.

But now, according to the global acceptance, Pakistan is also considering the regulatory policies for the crypto market. people are considering it as a tactic for taxation but according to my analysis, it is a positive move from the government.  There are still not any clear policies but you need to know that it's not banned anytime soon and it was never banned.

[Stuart]

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.

You really think it's not worth it? Banned or not, so long you know how to make use of the crypto community, Bitcoin can always be purchased, accumulated and stored if one is careful enough and won't fall/break the law of the country. Bitcoin can only be banned within a country not around the world. P2P made a bridge to bye pass the laws against crypto and Bitcoin trading. Who ever makes the mistake, puts the two parties in trouble.

[milewilda]

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.

You really think it's not worth it? Banned or not, so long you know how to make use of the crypto community, Bitcoin can always be purchased, accumulated and stored if one is careful enough and won't fall/break the law of the country. Bitcoin can only be banned within a country not around the world. P2P made a bridge to bye pass the laws against crypto and Bitcoin trading. Who ever makes the mistake, puts the two parties in trouble.

And thats the beauty of it on which you would really be able to purchase or buy Bitcoin without being caught, just make it sure that you wont really be leaving any trace if you are really that getting involved on accumulating Bitcoin. We do know that when it comes to this manner on which there's no way that they could completely get rid of it. There might be some countries do able to ban Bitcoin or crypto but still its citizens doesnt have any problems on trying out to purchase it out on which this could really be that done or something that someone could be able to do so without any issues. For an individual approach then it will really be that understandable that its risky but once you do have that curiosity and having that trust about its potential then you do really deal up with it no matter what.

[Aanuoluwatofunmi]

Bitcoin does not belong to the government and therefore that is why it is not being centralized, so i can buy or hold bitcoin as i wish to do, but i will not make this a public announcement in letting others know what am up to, bitcoin may be banned in such countries and that does not deferred the people from holding it, moreover, i can still hold without been noticed, once i know how i can go private with it, as long as am not using it in making payment or exchange in the public.

[Faisal2202]

Actually we can use CEX comfortably and do not need to have our data worries if we do not take action against the law. So far I use CEX is still safe.
 But you are right if you choose decentralization so as not to get caught by your identity, each investor has their respective considerations in conducting transactions.

Yes, but it does not mean if we are using decentralized exchanges we are involved in bad stuff. It just means we want anonymity for some reasons that can be bad stuff too but most of the time people prefer DEXs because they want to save themselves from being exposed to their country so they could avoid huge and unnecessary taxation.

Exposing our identity in crypto was a big deal few year ago, but nowadays I am seeing people are more comfortable with exposing as they say they don't care and as you said unless we are not involved in some shady business we should be comfortable.

[Royal Cap]

Yes.because it will give me more return than our economic inflation.The other things if our government banned bitcoin we can still use it, because it is decentralized. The government can't track me if i am not exposed myself.
Actually bitcoin and any cryptocurrencies still banned in our country but people still use it without any hassle.

[NotATether]

Yes.

Because without Bitcoin I have nothing.

It is literally the only way I can survive here. Jobs won't cover didly squat around here.

And it has done dividends more for me than I can imagine. It is the best thing to happen in my life.