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

[arabspaceship123]

Do you mean they shouldn't buy and sell, but they can buy and hodl?
Or you meant that they should totally obey the government and not own bitcoin at all?
Does the government who prints more and more fiat to enrich themselves amidst inflation deserve such level of obedience?
My advice is that, if your government bans bitcoin and you find a way to buy and hold, please do and not necessarily buying and selling to go against the government.

I'm saying don't break the law or we'll go to jail. If govt's ban bitcoin we shouldn't trade it illegally.

If we all want to follow how he’s saying we should not go again the government, then we will most definitely not own any bitcoin today. Your government may have banned bitcoin and not allow the buying and selling of it but when you decide to buy some and won’t be penalized for such actions or won’t be a big deal, you shouldn't hesitate to take such opportunity on yourself. If we were to follow on the ban of cryptocurrencies earlier by the government, we wouldn’t have been an investor in bitcoin or own some certain amount of it in the first place.

All users saying they'll buy & sell in secret won't do it. We shouldn't go against our govt's because we don't want to be arrested. Our freedom's more important.

[KingsDen]

Do you mean they shouldn't buy and sell, but they can buy and hodl?
Or you meant that they should totally obey the government and not own bitcoin at all?
Does the government who prints more and more fiat to enrich themselves amidst inflation deserve such level of obedience?
My advice is that, if your government bans bitcoin and you find a way to buy and hold, please do and not necessarily buying and selling to go against the government.

I'm saying don't break the law or we'll go to jail. If govt's ban bitcoin we shouldn't trade it illegally.

If we all want to follow how he’s saying we should not go again the government, then we will most definitely not own any bitcoin today. Your government may have banned bitcoin and not allow the buying and selling of it but when you decide to buy some and won’t be penalized for such actions or won’t be a big deal, you shouldn't hesitate to take such opportunity on yourself. If we were to follow on the ban of cryptocurrencies earlier by the government, we wouldn’t have been an investor in bitcoin or own some certain amount of it in the first place.

All users saying they'll buy & sell in secret won't do it. We shouldn't go against our govt's because we don't want to be arrested. Our freedom's more important.

One day the government will tell you to kill your mom and you will obey with the fear of not going to jail.
What sin did bitcoin commit?
Do you use it illegally?
Why does the government care so much about you and decided to shield you from the dangerous bitcoin?

[Nheer]

Do you mean they shouldn't buy and sell, but they can buy and hodl?
Or you meant that they should totally obey the government and not own bitcoin at all?
Does the government who prints more and more fiat to enrich themselves amidst inflation deserve such level of obedience?
My advice is that, if your government bans bitcoin and you find a way to buy and hold, please do and not necessarily buying and selling to go against the government.

I'm saying don't break the law or we'll go to jail. If govt's ban bitcoin we shouldn't trade it illegally.

If we all want to follow how he’s saying we should not go again the government, then we will most definitely not own any bitcoin today. Your government may have banned bitcoin and not allow the buying and selling of it but when you decide to buy some and won’t be penalized for such actions or won’t be a big deal, you shouldn't hesitate to take such opportunity on yourself. If we were to follow on the ban of cryptocurrencies earlier by the government, we wouldn’t have been an investor in bitcoin or own some certain amount of it in the first place.

All users saying they'll buy & sell in secret won't do it. We shouldn't go against our govt's because we don't want to be arrested. Our freedom's more important.

One thing is certain no matter how the law is important no matter how strictly the government takes that law there will always be a citizen that will be found guilty of that certain law that just the bitter truth so if the government ban bitcoin in my country which I know that it would be impossible people and a lot of citizens will be frustrated and will be uncomfortable with that law cause we are in crypto currency’s era so banning bitcoin alone will really damage the economic and some other activities. I’m very certain that in my nation if such law is being implemented then there will be a protest and many citizens will definitely buy and sell bitcoin in black markets  and some would use software and other vpn to get the currency  traded. This law will definitely be very difficult for the government body to implement cause the world have come to know about crypto so much that they can’t do without.

[Blaze]

One thing is certain no matter how the law is important no matter how strictly the government takes that law there will always be a citizen that will be found guilty of that certain law that just the bitter truth so if the government ban bitcoin in my country which I know that it would be impossible people and a lot of citizens will be frustrated and will be uncomfortable with that law cause we are in crypto currency’s era so banning bitcoin alone will really damage the economic and some other activities. I’m very certain that in my nation if such law is being implemented then there will be a protest and many citizens will definitely buy and sell bitcoin in black markets  and some would use software and other vpn to get the currency  traded. This law will definitely be very difficult for the government body to implement cause the world have come to know about crypto so much that they can’t do without.

The society is evolving in one way but as it is being shaped, some individuals are being pulled backward. It is not just a disposable product or a trend that can be discarded soon but a new environment of finance that has opened many possibilities for many who had no access to the general finance system. Most of you, myself included, likely came across the notions of value, assets, and transactions not from the lecture or the readings, but through aggravated screens and digital trading platforms that allowed for observing the information and even testing the knowledge. When that space is closed with rules it is not only routine that is disrupted but all the confidence that has been grown slowly. We underestimate that openness opens opportunities and possibilities as well as the doors to the storm. That is why many of us do not think it possible to move backward and consider it to be against the modern tendencies that are rapidly progressing forward.

[Makus]

There is a general saying that when the road get tough, only the tough gets going. Well that's logically  true because it has been experimented over and over again. Well my story wasn't a ban but a restriction. My government  placed a restriction on cryptocurrency but only few person managed to scale through the difficulties and still accumulate bitcoin or make other cryptocurrencies transactions. Well we still looked for other alternatives to find our way through. I've  also heard of cases where people migrate to other countries because they're enthusiastic about bitcoin or crypto at large. Majority of the world's government aren't happy with the way bitcoin is, I guess they're are afraid of  losing so much of their fiat to inflation once the benefits of bitcoin is discovered by their citizens.

[KryptoBull]

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?

Looking at the China crypto community, BTC is considered property, but buying and selling BTC is prohibited. However, investors still find ways to trade and own BTC, even though they are also afraid of severe penalties from the authoritarian government.

If my government banned BTC, I would still invest in BTC through P2P and OTC. I don't trust asset classes like stocks and securities; I only trust BTC because BTC is a global asset and is not manipulated by a few members of the state securities commission

[bitterguy28]

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?

Looking at the China crypto community, BTC is considered property, but buying and selling BTC is prohibited. However, investors still find ways to trade and own BTC, even though they are also afraid of severe penalties from the authoritarian government.few members of the state securities commission

clearly they are not that afraid then because they still continue to do something that they were prohibited from doing if they were completely afraid they would not even attempt it i guess they think that the benefits bitcoin offer are worth the risks so it does not scare them that much

to be fair i have not heard of severe punishments to chinese crypto traders

[Tribalchief]

~snip

I'm saying don't break the law or we'll go to jail. If govt's ban bitcoin we shouldn't trade it illegally.

~snip

All users saying they'll buy & sell in secret won't do it. We shouldn't go against our govt's because we don't want to be arrested. Our freedom's more important.

There is a popular saying that says, "If you live by the rules, You die by the rules". A friend of mine once told me this after we successfully sneaked passed a lengthy queue of customers waiting to gain access into the bank. We went late, but we were the first to leave. That's how life is and that's how life has always been.

The government don't care much about you. If they banned Bitcoin, then it is because they fear that so those that matters (the youth in most cases), might crawl their way out of poverty and financial freedom. When these youths chooses to invest in Bitcoin, who will then store their money in banks.

Even if it's banned, as long as you don't end up being caught, then you are still a free man. Don't tell me that cokes are legal in every country, or don't we have people that takes them anymore?(I believe you know the coke I'm referring to). You just have to sometimes make certain decisions that oversees higher decisions. It's for your own good.

[omori]

clearly they are not that afraid then because they still continue to do something that they were prohibited from doing if they were completely afraid they would not even attempt it i guess they think that the benefits bitcoin offer are worth the risks so it does not scare them that much

to be fair i have not heard of severe punishments to chinese crypto traders

+1 to this fact too.

Maybe there is someone with more knowledge on the matter or somebody who is from China..

[Makus]

There is a popular saying that says, "If you live by the rules, You die by the rules". A friend of mine once told me this after we successfully sneaked passed a lengthy queue of customers waiting to gain access into the bank. We went late, but we were the first to leave. That's how life is and that's how life has always been.

The government don't care much about you. If they banned Bitcoin, then it is because they fear that so those that matters (the youth in most cases), might crawl their way out of poverty and financial freedom. When these youths chooses to invest in Bitcoin, who will then store their money in banks.

Even if it's banned, as long as you don't end up being caught, then you are still a free man. Don't tell me that cokes are legal in every country, or don't we have people that takes them anymore?(I believe you know the coke I'm referring to). You just have to sometimes make certain decisions that oversees higher decisions. It's for your own good.

Indeed the government  care less about their citizens because  I see no reason why they should target bitcoin or other cryptocurrencies when they are aware that the youth are actually using this platform to make money and pay their bill. It's as though they are deliberately doing this to tighten the chances of the youth getting an investment  medium. Though I understand that selling the country's  currency to purchase another currency i bulk can lead to inflation irrespective of the effect but I also believe that if the governments had played their parts well, there wouldn't  be a problem with that small change in the country's economy.

[DavetJack]

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 may never be possible for a professional trader. Because we know that Bitcoin is still illegal in many countries, and even then they are working with it. Still, due to illegality in many countries, many may not be able to live with BTC investments on their own. However, even without government permission, these are still running in many countries and many are using it as an investment and transaction.

[bayu7adi]

This may never be possible for a professional trader. Because we know that Bitcoin is still illegal in many countries, and even then they are working with it. Still, due to illegality in many countries, many may not be able to live with BTC investments on their own. However, even without government permission, these are still running in many countries and many are using it as an investment and transaction.

Sorry, but that doesn't answer the question my friend... when Bitcoin is banned in your country, will you still buy, store or trade bitcoin, or will you just leave bitcoin and forget about it... forgetting it is certainly very hard, but having it is like being a criminal who is against the government.

We know that the chances of all countries banning bitcoin are very small, but the possibility is still there... so put yourself in that worst case scenario... anticipate what you can do when that nightmare happens.

[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?

This may never be possible for a professional trader. Because we know that Bitcoin is still illegal in many countries, and even then they are working with it. Still, due to illegality in many countries, many may not be able to live with BTC investments on their own. However, even without government permission, these are still running in many countries and many are using it as an investment and transaction.

Non-KYC platforms exist for a reason, as well as the means to store your coins where no one would look at too much

[debra]

It's like deja vu and I still do it, fortunately now Bitcoin is legal as an asset, so there's no need to hide anymore and no need to worry about receiving sanctions when caught. because now the government is very supportive. but yes there is a response, namely we are required to pay taxes from cryptocurrency, yes, however, if using a local exchange, yes we have to accept it, and there will be a tax deduction on each trading transaction. so yes the government is happy to get income from this crypto tax. and whether it is illegal or not, maybe in other countries it will be different. but from what I read, there are many people who are still buying crypto even though it is illegal in their country

It is true that many still buys Bitcoin even if they are in the places where it is considered illegal and not allowed to be owned by its citizens. That is the reason I think that many of us will still buy and hold it if our governments tries to tell us that it is not allowed to have it. There are forum members that are from those countries where it is not allowed and yet they said that they still own and keeps on DCAing to have more BTC.

Because Bitcoin does have some interesting and profitable things for them, so they are not reluctant to do it even though it is still illegal. in various ways that are certainly in secret so that they can remain calm and safe. this is often done by citizens who live in countries that prohibit Bitcoin, usually they will do it secretly.

basically, Bitcoin is very profitable, with various plus sides that are more than the negative side. but still, the interests and policies of the government vary greatly.

[Blaze]

Because Bitcoin does have some interesting and profitable things for them, so they are not reluctant to do it even though it is still illegal. in various ways that are certainly in secret so that they can remain calm and safe. this is often done by citizens who live in countries that prohibit Bitcoin, usually they will do it secretly.

basically, Bitcoin is very profitable, with various plus sides that are more than the negative side. but still, the interests and policies of the government vary greatly.

That does open a lot of layers of concern, but I understand that there is a lot of rationale for their decision to stay active in Bitcoin. Here, the technology is regarded as a way of keeping afloat financially in light of policies thought to be oppressive. When people believe that they are not being allowed to set the course of their economic life, then they look for opportunities, and even those which are unlawful. This establishes the fact that the pressure can sometimes force growth of technology and that most of the time it is user’s beliefs about the normatively appropriate values that need to be upheld.