Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?
All opinions are welcome.
Regards.
Should there be a word-wide ban on bitcoin utilization, then I would cash out immediately my remaining coins to fiat. But banning bitcoin in most countries is deemed impossible since the benefits and opportunities it provide supersede the negative implications and disadvantages of it. Each country recognize its potential to the general public and the economy since it increases the money supply on the market, and provide an alternative way of earning money to the underemployed and unemployed sectors.