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.
Bitcoins are not actually banned in China , they just cannot be used or converted into their native currency
Renminbi by the help of banks .
Miners are free to mine and the traders accepting bitcoins can take Bitcoins as transaction currency.
Same goes for Russia , the Russian Central bank didn't ban bitcoins they just proposed to put restrictions on the exchanging sites that offers every crypto currency not just bitcoins. People can use bitcoins but they cannot buy them from online shops.
Bitcoins have a huge advantages and no country would like to ignore them , the developed countries already started using bitcoins, the increasing rate of users also kind of insures that Bitcoins would not be banned across the globe by any country.