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How would you be affected If cryptocurrency is banned worldwide..?

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Henrywrites said:
I will not be happy and will definitely go into panic mood when such happens. I believe that we are getting to the stage where more shops will begin to accept crypto as means of payment, so the government banning them looks like a wild thought.

I will be losing a huge amount of money if this ends up happening tomorrow or any time in the future. I have invested much in cryptocurrency because I believe in the project. Even now, I'm losing money because of the dip. Imagine what will happen if it's banned officially?
 
At the moment, even though I have done some things with cryptocurrency, I am not invested in cryptocurrency at the moment and if it were to be banned say tomorrow, that would not affect me at all.

I can only imagine how much it would affect people who have 100s or maybe 1000s that they have invested and it was to get banned. I really do hope that never happens for the sake of those who are invested.
 
The government would not be able to ban crypto worldwide. They've already tried banning it in a selection of countries and it's failed. Banks and other providers are blocking Crypto payments, but there are other ways to obtain crypto. For example, mining or doing exchanges with other users.
 
Bizdustry said:
The government would not be able to ban crypto worldwide. They've already tried banning it in a selection of countries and it's failed. Banks and other providers are blocking Crypto payments, but there are other ways to obtain crypto. For example, mining or doing exchanges with other users.
 
I would not be surprised, because now the entire cryptocurrency market is under very strong pressure and many people show their dissatisfaction that people can use something other than money. But it was also very sad for me because a large part of my funds is concentrated here.
 
It would affect me a lot, since it usually works a lot with cryptocurrencies and send and receive payments in cryptocurrencies, so it would affect me a lot but in the same way in many countries cryptocurrencies are "prohibited" and yet you can use them in the same way, it is not something that affects as such since the government can do absolutely nothing with cryptocurrencies, when I say nothing it is nothing
 
I have not invested in crypto but I use crypto for online payments. If crypto banned we have to go back to other payment systems like paypal. Paypal fees are very high in my country.
 
To be honest with you, it's going to affect me in a lot of ways. First and foremost, I use cryptocurrency to receive payment seamlessly online. Secondly, I trade cryptocurrency, and it's a side hustle for me. You can see that it okay a crucial role in my income.
 
Even though there is a very small possibility that crypto will be banned throughout the world, if that happens the crypto community will create their own world through VPN or the dark web, where they can transact freely or P2P. The impact of the crypto ban on me will certainly be very detrimental.
 

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