Is funny how something that they thought could easily die away is now a globally accepted alternative in a decentralized manner, just recently Israel ban Bitcoin because it has been perceived to be a tool to finance their enemies, but the questions is, can this ban change anything?
Why should someone as big as a government allow itself to be subject to mockery simply because they want to control what is already ahead of it, bitcoin is far gone from the stage for a government attack to bring it to total collapse, which can happen with altcoins but not Bitcoin and the earlier they realize that the better.
Big up to El Salvador who was bold enough and has a smart leader to have discovered the potential advantage of Bitcoin and adopted it accordingly, but to those countries who are waking up and taking the shield to attack Bitcoin, my advice to such countries is to take a look at china who took that route in the past by banning Bitcoin, what has been the result that ban.
Has it had any long-term impact on Bitcoin, or just short-term market reactions, which are sometimes almost unnoticeable?
My advice to all Bitcoin holders in and out of banned countries is to, make your security your highest priority, and afterwards, try never to get distracted in your walk to a more developing and advanced future with Bitcoin.
If we do really just simply stick into its whitepaper which is to create that p2p transaction without 3rd party intervention then lets just stick to that.It did really turns out that this simple system did really become that popular and being recognized and in the sense that this isnt something that could be controlled then it would really be just a normal approach or reaction for those governments who dont really like on things which cant really be controlled which it would really be that a normal reaction to have. Banning would really be their solution but its true that it didnt really made out that huge impact in terms of its value. Market corrections is really just that normal for a healthy market.Sentiments and news could really make out effects in overall price movement but it would really be just temporal.
Its not already surprising that government would really be doing those kind of acts whether they would really be banning or they would really be giving out some bad publicity towards Bitcoin and keeps telling
about its cons and risks but still it didnt really crashed or totally died and this is why places like El Salvador and its president did make such decision on making it as a legal tender or simply
talks about adoption instead on trying out to oppose it yet there's nothing they can do if they would really be having plans on blocking or banning it.
There's no point on doing that yet it cant really be stopped no matter what.