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.
I am not an optimist and i think that sooner or later this will happen and we have to be prepared.
This hit the bitcoin price for sure,but i don`t think that it will damage the blockchain that much.
Bitcoin will continue to exist in the darknet,but the btc price will be way too low.
The good news is that bitcoin supporters can be found in most of the governments of the western countries,so they might try to stop such mass ban.
Oh come on, brother! You have got me frightened there! Bitcoin is my only source of money right now. You cannot just go around claiming that it will happen sooner or later. Let us have faith in it and what happens, let it happen. Let us just think of the present and what it is giving to us. In my opinion, I do not bitcoin will be banned by many countries. Look at Japan, it has accepted it. And some countries do not care about bitcoin, and some are trying to legalize it through a various set of rules. I do not think that bitcoin will cease to exist.