Post
Topic
Board Bitcoin Discussion
Re: High possibility major governments will BAN Bitcoin in the near future
by
A62662
on 27/01/2021, 12:47:21 UTC
Banning will be a shot on their foot, this will be like drugs, cutting off the supply will not be enough but instead will in turn increase the prices overtime. People have a history of resisting oppressive authority, banning bitcoin with the narrative that it does not help with the interest of the state will only spark a problem that does not need to exist in the first place, bitcoin never hurt anybody it's the people that does, don't shoot the messenger as they said. Banning will only make the prices higher and make more people flock to it, introducing the same concept will not work because shitcoins have existed.

No, Bitcoin isn't heroin, cocaine or speed. If banned price would go down to almost nothing, probably in the hundreds of dollars, not in the thousand's like today. People would not flock to it, they would in fact avoid it.