The desire to trade in bitcoin overcomes the ban

[SuperCrypto 7193]

Do you notice with me that although Bitcoin trading in many countries is strictly prohibited, this did not prevent citizens from exploring the cryptocurrency and starting potential investments of its own.
This reinforces the fact that users are looking to the currency amid the economic crisis caused by Corona. As investors became using bitcoin as a way to protect their portfolios from the dwindling local currency.
Can you trade Bitcoin in your country despite the problem of the ban and how to overcome this problem?

[Yunusalemu 0]

2 minutes ago, SuperCrypto said:

Do you notice with me that although Bitcoin trading in many countries is strictly prohibited, this did not prevent citizens from exploring the cryptocurrency and starting potential investments of its own.
This reinforces the fact that users are looking to the currency amid the economic crisis caused by Corona. As investors became using bitcoin as a way to protect their portfolios from the dwindling local currency.
Can you trade Bitcoin in your country despite the problem of the ban and how to overcome this problem?

yeah your statement and thinking happen to be right, many countries haven't yet approved the use and cyculation of any crypto currency or even the adoption of any of it, I but yet still thies haven't seam to stop its citizens from carrying out crypto activities 

[Yunusalemu 0]

5 hours ago, UT2001 said:

I do think that even with a ban in your country you can still get your hands on bitcoin and crypto currencies as it is not too difficult make it look like you are outside of your country through a simple internet connection.

yeah thats true bitcoin has to do with digitality, and since bitcoin happens to be a digital currency one can simply trade them for goods or services globally with a simple internet connection, so i really don't see how the ban can stop that only if the monitor the internet activities of everyone 

[SuperCrypto 7193]

On 4/23/2020 at 10:28 AM, Yunusalemu said:

yeah your statement and thinking happen to be right, many countries haven't yet approved the use and cyculation of any crypto currency or even the adoption of any of it, I but yet still thies haven't seam to stop its citizens from carrying out crypto activities 

In Uzbekistan, for example, the government prohibited its citizens from buying cryptocurrencies. As the new laws prohibit citizens from obtaining or selling cryptocurrencies, but they grant some limited trading permissions to existing cryptocurrency holders.

[Zaino34 0]

You are right about that my friend in many countries, Bitcoin is still prohibited and there are restrictions on its use by some governments, and despite this people still depend on it for trading and investment and it is the most popular currency

[Honny143 13612]

So many countries ban crypto currencies but they can't ban totally, because when any country bans crypto means we can't use banks to buy any crypto currency, but in online so many source available to buy crypto in different ways, so we do trading without any restrictions because few months back we are also face this problem, but in this situation also so many members do trading and earn profit.

[qua186386 226]

In my area, encryption is still prohibited and working with it leads to facing financial fines, but universal people guy it. You are right about that, bro.

[Yunusalemu 0]

the government of my own country haven't yet made any moves or even a statement relating to the word crtpto currencies, or even the bitcoin, tjis has got me wondering if they even know of its existence 😂, so with the light that the haven't made any move on it we just use that opportunity to the fullest. 

[magd 5231]

In my country it is not prohibited, and I agree with you that in many countries, cryptocurrencies have been banned, yet citizens who love encryption obtain bitcoins, work, trade, and exchange currencies by dealing with brokers.

[Yunusalemu 0]

11 hours ago, ChilBran said:

Only your country and countries that ban crypto will not be able to trade if the law is strict, but you can connect to another country using a VPN easily and do your trading, you can buy gift card to fund bitcoin wallet and convert it to any crypto you want to trade. There are still many other ways. 

well most countries that have happened to baned the use and transactions of crypto currencies still yet haven't actually made this laws strict, I these is why its citizens happens to still endulge in taking part in crypto currency dealings and transactions. 

[SuperCrypto 7193]

13 hours ago, ChilBran said:

Only your country and countries that ban crypto will not be able to trade if the law is strict, but you can connect to another country using a VPN easily and do your trading, you can buy gift card to fund bitcoin wallet and convert it to any crypto you want to trade. There are still many other ways. 

Of course, we are trading despite the ban because we do not want to be behind the others in the world of cryptocurrencies, but there is always a fear of freezing the balance and requesting documents by the exchange.

[tienda 8776]

Yes I agree with you, I have read many members says about the prohibition and restrictions in their countries, but I dont understand why in such countries where they prohibit  cryptocurrency why they have implemented ATM of Bitcoin!

 

 

[Rickso 768]

On 4/23/2020 at 10:22 AM, SuperCrypto said:

Do you notice with me that although Bitcoin trading in many countries is strictly prohibited, this did not prevent citizens from exploring the cryptocurrency and starting potential investments of its own.
This reinforces the fact that users are looking to the currency amid the economic crisis caused by Corona. As investors became using bitcoin as a way to protect their portfolios from the dwindling local currency.
Can you trade Bitcoin in your country despite the problem of the ban and how to overcome this problem?

in my country using and trading bitcoin is legal so fortunately i don't have this problem. in some cities there are shops that accepts payments in bitcoin and other cryptos, but are far away from my city so i can't use them.

[jamesvince 2389]

This is fact that many people invested into crypto market even though bitcoin is not legal tender in their country this is due to huge traffic and high volatile prices attractive for investors for making high profits from crypto market. And now some countries are ready to left ban on bitcoin. 

[Yunusalemu 0]

11 hours ago, ethan1751 said:

If there is a country that prohibits bitcoin trading, it will be difficult to have crypto and want to convert to fiat in that country. I think the difficulty is that.

i still don't se why banning crypto currencies in a country would stop someone from being able to convert his or her money to the countries local currency, after all there are crypto exchange sites where your can exchange crypto for us dollar and send to posibly paypal or scrill and to your local bank. 

[Saboor 511]

I dont think of everyone have this curiosity to involve in trading will elevate the ban of bitcoin, any facts or involvement of bitcoin will not even make the government change their decision

[SuperCrypto 7193]

17 hours ago, Rickso said:

in my country using and trading bitcoin is legal so fortunately i don't have this problem. in some cities there are shops that accepts payments in bitcoin and other cryptos, but are far away from my city so i can't use them.

This is a great thing, because you have the freedom to trade cryptocurrencies in your country, because it currently represents a safe haven for us during this crisis, as we cannot go out of the house and do our business normally.

[jacker 1095]

My country is active with bitcoin and cryptocurrencies in general, it's legal so it's easy to use. I trade online, openly talking to people about cryptocurrencies. I think cryptocurrencies are good enough, there are many opportunities to participate. People don't hesitate, learn and work with it.

[SuperCrypto 7193]

2 hours ago, Ganhanmarin said:

You can, some countries do not have protect measures but just implement ban on these coins, while in all crypto ban countries, you can still buy, hold and trade with these coins if you know local sellers. 

Bitcoin trading in BTC in China is strictly prohibited, except that it did not prevent citizens from investing in it because the crypto world is decentralized and private and governments cannot prevent citizens from keeping cryptocurrencies.

[BTC Future 3946]

The only way governments can ban Bitcoin is by not allowing banks to accept deposits coming from crypto exchanges. There are ways you can spent your crypto and buy things online, and also you can sell p2p into paypal or other fiat wallets through paxful and localbitcoins. Basically governments won't spent resources to investigate small amounts. Unless you want to deposit a significant amount in your bank you won't have a problem using these shortcuts.

[kadayakito 765]

The ban issue I believe the government will soon accept bitcoin, it's just a matter of time. The ban did not stop nationals from seeking to join bitcoin, seeking profits for themselves. Certainly bitcoin will certainly help users and give them many opportunities.

[Lover840 0]

On 4/23/2020 at 1:52 PM, SuperCrypto said:

Do you notice with me that although Bitcoin trading in many countries is strictly prohibited, this did not prevent citizens from exploring the cryptocurrency and starting potential investments of its own.
This reinforces the fact that users are looking to the currency amid the economic crisis caused by Corona. As investors became using bitcoin as a way to protect their portfolios from the dwindling local currency.
Can you trade Bitcoin in your country despite the problem of the ban and how to overcome this problem?

Bitcoin were banned in my country few years ago but recently the supreme court removed the ban from it. Now there is no restrictions and we pay proper tax for the earnings so its legal in here and i dont face any problem. 

[SuperCrypto 7193]

2 hours ago, Lover840 said:

Bitcoin were banned in my country few years ago but recently the supreme court removed the ban from it. Now there is no restrictions and we pay proper tax for the earnings so its legal in here and i dont face any problem. 

I am happy for you because your country has lifted the ban on dealing in bitcoin and trading in cryptocurrencies, but is the tax on profits paid? How can the government determine your tax, since you can lose.

[Yunusalemu 0]

what actually is the major reason behind bannig These Crypto currency of a thing, i believe countries of asia, that are more strict and monitor its citizens trough survalance still neglected banning of crypto currencies because of the potentials they see in it

[BitcryptoHan 2557]

11 hours ago, CrimBit2020 said:

That is just it, even you can connect to exchanges that are not supported by your country anonymously, with the look of things, no country is not using bitcoin as at today because it is more than any ban. It is even common in China that ban it. 

I like this, even in countries that band cryptocurrencies, they are still used in such countries, this through and China is used as an example, what about India too, when crypto was ban, many of them are still using it but use credit card to but is the problem faxed, but there are many other methods to buy cryptocurrencies.