Is Bitcoin not preventable?

[Braga13]

Despite the attempts of several countries to prevented bitcoin such as Vietnam, Thailand and Bolivia, but it has resisted and its spread increased further and is still increasing, so what is the reason in your opinion? And do you think that it will be prevented someday?

 

[Niftyyem]

The nature of Bitcoin does not make banning its use a successful feat for the various governments. It cannot be controlled by anyone.

 

[Nurudeen]

Bitcoin is accepted all over the world. Most multi National corporations are now using Bitcoin as a medium of exchange so I see no reason why countries should reject it

 

[Towsyn]

With the rise in price and wide acceptance of btc it will be difficult for any government or body to go against the coin

 

[Ehizzy1]

I don't think it would be prevented because there is obviously more increase in the use of bitcoin as people are now using bitcoin for transactions

 

[Arwhank]

if indeed there are several countries preventing Bitcoin, surely that country has certain reasons but until now I also don't understand what causes it so that country can prevent it

 

[Josemendez]

Bitcoin can only be banned in some countries but not in all the countries.

 

[Arwhank]

Bitcoin is accepted all over the world. Most multi National corporations are now using Bitcoin as a medium of exchange so I see no reason why countries should reject it

I really agree with your opinion because Bitcoin is one of the average exchange tools in various countries.

 

[Suba]

No one, institution or government can, because now Bitcoin has been used as an investment tool for many people and used as an alternative source of income, so many people don't want to be willing to give up Bitcoin, if in a country Bitcoin is prohibited then people can exchange, buy, Bitcoin in other countries with fiat money (USD) can then be exchanged with their local money,

 

[ahmedo24]

Bitcoin is a virtual coin that is not regulated and people who see Future in it are Investing heavily in it because it is tradable, stopping will be difficult because all it transactions takes place online .

 

[Kamon c4]

I don’t see it being prevented... the world powerful countries are beginning to endorse it. It may take while before it’s accepted worldwide but it’ll

 

[Suba]

I don’t see it being prevented... the world powerful countries are beginning to endorse it. It may take while before it’s accepted worldwide but it’ll

Even though people around the world almost use bitcoin as a commodity or a means of investment and trade, several countries / governments still prevent the circulation of bitcoin in their government areas, such as: Bangladesh, China, Colombia, Ecuador, Kyrgyzstan, and Taiwan. Until now, there are still a few countries that accept Bitcoin as a means of payment.

 

[Kamon c4]

Even though people around the world almost use bitcoin as a commodity or a means of investment and trade, several countries / governments still prevent the circulation of bitcoin in their government areas, such as: Bangladesh, China, Colombia, Ecuador, Kyrgyzstan, and Taiwan. Until now, there are still a few countries that accept Bitcoin as a means of payment.

True few countries accepts it but others will accept it. It may take years before they do but they will eventually

 

[vest1992]

in Romania there are shops who accepts it as payment method, already and we have btc atm in some shop malls.

 

[Suba]

in Romania there are shops who accepts it as payment method, already and we have btc atm in some shop malls.

Good news, your country Romania has implemented Bitcoin as a means of payment, but unfortunately not everyone knows Bitcoin so there are still shops or stores that reject Bitcoin as a means of payment. But I personally prefer to pay with fiat money, because I prefer to save or investing Bitcoin in my wallet,

 

[vest1992]

Good news, your country Romania has implemented Bitcoin as a means of payment, but unfortunately not everyone knows Bitcoin so there are still shops or stores that reject Bitcoin as a means of payment. But I personally prefer to pay with fiat money, because I prefer to save or investing Bitcoin in my wallet,

Fair, since it has such a growth it s better to hold onto them, though there are just several shops, brand shops not all

 

[Lyrrex]

Despite the attempts of several countries to prevented bitcoin such as Vietnam, Thailand and Bolivia, but it has resisted and its spread increased further and is still increasing, so what is the reason in your opinion? And do you think that it will be prevented someday?

Bitcoin can't be controlled cos of its anonymous nature, it can be traded any where without any geographical restrictions

 

[Suba]

Bitcoin can't be controlled cos of its anonymous nature, it can be traded any where without any geographical restrictions

Wow, what if the exchange site is banned, can we still exchange or trade, like a few months ago Russia banned P2P exchange, even though users can access the exchange site using a VPN, but if caught by the government (in China) they will be fined, one by one way is to have to move abroad such as Singapore and Malaysia.

 

[Ralphjoe]

Bitcoin cryptocurrency cannot be prevented from being used in a country because it's a digital currency and not a Fiat currency, anyone can access it from any location of the world as long as they have access to the internet. They have tried it in India but it didn't work so they relax the policy.

 

[Nomad]

A lot of countries have banned bitcoin, China for example, or are trying to ban, India for example, however, bitcoin is spreading like wildfire. Some countries, for instance El Salvador, have even made bitcoin legal tender.