Post
Topic
Board Bitcoin Discussion
Re: What will happen if bitcoin to fiat exchanges are banned ?
by
Haxor321
on 20/06/2018, 05:11:26 UTC
Lets assume that starting in USA all bitcoin to fiat exchanges are banned. Will people be still interested in Bitcoins? I believe the applications of the blockchain are many, however, most people are attracted to Bitcoins because of its fiat value (or USD value). Deep under I believe that people are really not interested in the use of bitcoins in a decentralized platform/application but more interested in converting Bitcoins in to USD. Fiat currencies still seems to be the norm. Any ideas ?? 
I think that has small chances to be happen because the main purpose of people why thy engaged to this system is anytime they can easily withdraw their money or investment in a way of exchanges so if that happen for sure there cause a big destruction to this system and maybe mostly people that engaged to it and supporting to it will be disappeared. People are very smart they won't involved in anything that they are known are useless. But hopefully it won't be happen.