For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
Isn't it ironic, every year they say that they don't like bitcoin and will ban them but that didn't still happen and they still have the largest number of miners. Everyone even Chinese citizens are aware of bitcoin's potential in the future so I'm sure they won't just give it up easily. Bitcoin is untraceable so the Chinese government can't just accuse someone of holding bitcoin. And online exchanges are not the only way to trade it, people can do otc trading without having to use those centralized exchanges.
Do not underestimate the capabilities of states, especially if states unite and adopt a common unified decision. So far, at the G20 summit, it was decided that cryptocurrency does not pose a threat to global financial stability, which means that states are not yet fighting in it. Individual states sometimes do something haphazardly against the cryptocurrency. therefore, many people still have a false idea that states absolutely cannot do anything with cryptocurrency and that it will freely develop and move around the world. I am not saying that everything is that bad. However, there are problems and one should not close one's eyes to them. You need to methodically defend your rights to use cryptocurrency, otherwise it may one day turn into a big shock for this market and its participants.