Topic: Are bitcoin investors violators? - page 2. (Read 791 times)

Truly depends on the countries regulation if they allow or discourage their people to use bitcoin. If there's massive crackdown implemented and government says or declare that bitcoin is illegal then automatically you violate the law by using or acquiring it. Not following government order is actually a direct disobedience and you commit a sin on the government only.

But to become a bad citizen for that matter, I guess its not since for sure its never so bad to used bitcoin. Its just there are regulators didn't understand how to use it since maybe there's certain conflict of interest that they are protecting and they cannot take advantage with bitcoin to gain something that's why some of them discourage or totally ban this asset.

Bitcoin has been know in different countries, I dont think that their's no civilised countries that doesn't know Bitcoin, Bitcoin is not legalized in so many countries, but people living in there knows about bitcoin, bitcoin is be known but doesn't be legalized at all course, in some countries bitcoin is been allowed to trade but also does not allowed to trade in some other countries,

I know quite well that government is against bitcoin right from time, but that doesn't me that anyone who is in another country will not purchase bitcoin, in a country the worst government can do is to restrict bitcoin but some major countries, I believe that bitcoin is here to stand since it having facing criticism every time from government.

Bitcoin is a good investment truly and it as a lot of good factors because if you look at everything the moment you invest you don't even need to look for buyers everything is already installed for you how many business can will give you buyer automatically and that is the best thing that makes everything more interesting because the moment you starting sell the buyer becomes your priority but it is a good choice and you have to be able to develop a good business strategy.

And even about countries that have ban bitcoin don't do their citizens anything just because they invested in bitcoin, and the ban is jus to scare people because when did a source of income become a treat thay they have to jail people for it, and if you look at everything is it worth it I don't think so and the government understands what bitcoin stands in the life of people and even countries that they made it legal was because they were looking for ways just to extort money from people.

And everyone is already accepting it look like they don't have a choice kd at the end of the day even the government will have to allow it and even encourage people to actually invest, because why would you stop people from investing and no provision for jobs.

Bitcoin is a good investment truly and it as a lot of good factors because if you look at everything the moment you invest you don't even need to look for buyers everything is already installed for you how many business can will give you buyer automatically and that is the best thing that makes everything more interesting because the moment you starting sell the buyer becomes your priority but it is a good choice and you have to be able to develop a good business strategy.

And even about countries that have ban bitcoin don't do their citizens anything just because they invested in bitcoin, and the ban is jus to scare people because when did a source of income become a treat thay they have to jail people for it, and if you look at everything is it worth it I don't think so and the government understands what bitcoin stands in the life of people and even countries that they made it legal was because they were looking for ways just to extort money from people.

And everyone is already accepting it look like they don't have a choice kd at the end of the day even the government will have to allow it and even encourage people to actually invest, because why would you stop people from investing and no provision for jobs.

The essence of laws is to ensure a peaceful coexistence among the people of a particular region. It is to make sure that people do not cause harm to the next person as they enjoy whatever right they have. Hodling bitcoins or doing business with it does not in any way cause harm to the next person,  except for some cases where they argue that bitcoin mining consumes alot of energy,  but there is an alternative source of energy now, which makes the government's arguments weightless. What this means is that, the government is only being selfish for restricting the use of bitcoin because there is absolutely nothing to hold against bitcoin.

Not all government laws are justifiable, and I do not consider myself a violator of the law for using bitcoin. With time, the government will adjust and see what we all see in bitcoin.

It really depends on the law; its universally accepted that stealing is bad, Bitcoin is legal in one country and illegal in another so its not universally accepted that holding Bitcoin is bad; its just the government that makes it look that way.
I don't think you are committing a sin, but you are violating a law in your government that makes it bad for their citizens, so its on your discrepancy if you think that you are violating then don't hold if you believe on Bitcoin and you think you have future holding it, then go hold, just don't get caught holding, its for everyone's preferences there is no one rule.

Your question is very complex. It is very important to follow the laws and policies given by the government to maintain the peace and order of a country. Investing in bitcoins without authorization in a country is a violation of the government's laws. It is better to try to invest in a legal way than under the law.

For the fact that you still find investors in those countries who are hold Bitcoin and still trading in the market, that's not a problem and until they are apprehended before it could be confirmed that they broke the rule. You can't stop investing in the Crypto market because the government ask us to stop transacting coins in the market. There are lots of profits to be made in the crypto market and the only way we can make thise profits is to invest or trade the crypto market.

I don't see investors as violators because they only invest but not use it in an open market to make transactions or to make payments for services in their country, they only ceased an opportunity to grow their money and make good use of the opportunity, aswell for those who get paid in Bitcoin from their freelancing jobs would not go jobless because their country is yet to adopt Bitcoin whereby there are platforms where they can convert their coins in to Fiat and probably use in their local market if they wish to.

The government itself is breaking its own laws either, as if the government officials are not taking advantage of their positions so they can continue to protect their inside anomalies.

And who cares if bitcoin investors are considered violators, I guess no one will also admit that he is holding bitcoin so he can protect his own welfare as well. If the government officials are protecting theirselves so they won't be caught violating the laws, same goes for bitcoin investors. They will continue to access bitcoin privately without giving any hints to the government.

Could be not if we are not in those country which totally banned bitcoin. But if we are in country where bitcoin is highly forbidden then we can be called as violators since we ignore the law set by government to us and we continue to use it despite of the warnings they have release to the public. The only problem there is they can't find any solution regarding on job market since there are still so many jobless in the world. If government can find a solution regarding on this issue then maybe their people will not go to any risky option that they doesn't allow to access.

For now can't blame people to use bitcoin since from here we can find a lot of opportunities that can really give us a big break which can give us more decent payments compare to what those governments jobs they are trying to offer to some selected people.

From my understanding they (the government) didn't ban me from investing in Bitcoin. They banned its use in those countries but the people investing in Bitcoin aren't using it in the country so they're not violating any rules. Also how do you ban what you can't control and that's where the government are making a mistake. Lets look at it from a religious perspective as well. God gave command of not eating the forbidden fruit but he also gave the first Humans on earth the power of choice which is to choose between eating the fruit or not.

The government are there to guide her citizens but it's left for the citizens to adhere to the authority of the government or not. Investing in Bitcoin isn't causing any harm to the next citizen so I don't see a problem with investing in it even though my leaders put a ban on it. It's left for me to face the consequences of the ban which is a punishment made by the government of the country that I'm residing but I still don't see an issue with investing in Bitcoin. Using it in the country is another story all together because then I'll be violating the laws but nobody can tell me what to invest into or not , that's my decision to make.

Bitcoin violators aren't breaking any rules and if there's any rules preventing people individually from investing in Bitcoin then that's a stupid law and shouldn't be obeyed. How can someone prevent you from chasing after your financial freedom? Do they want you to be depending on them forever, I guess yes so they can keep controlling us, that's what the governments wants.

I live in Bangladesh Bitcoin is illegal in my country. Now from the side of my country if I say many people in my country have made their life very independent by working in Bitcoin. Unemployment is highest in my country there are many educated youths who are not getting any good job after graduation if they can work in bitcoin for their livelihood and hope for a better future then I think we are not going against the government by working in bitcoin and in bitcoin. By working I am not accepting myself as a bad boy. Yes I may be a law breaker but I am never harming the law rather I am earning from it myself. If the people of my country don't eat a meal or two, the government doesn't come and provide them with food. If we can do our own work and get our own employment, then why are we bad boys if we work in Bitcoin?Religiously speaking Bitcoin has been accepted as halal. If bitcoin is halal then I am not committing any sin.

When government says don't allow something doesn't mean is illegal, it could be that the government doesn't want to validate such thing yet and in that moment, it's is not legal and it is not illegal until the government makes an approval or proper announcement of such. So when you buy such thing and use it, you can not be punish by the law because you didn't violate any rule or law of the country.

Bitcoin is a digital assets that some countries are making money from, I believe even the one that are yet to make official statement about it's legality will do one day but the adoption need to grow in positive way to give good approach for it's approval. The government doesn't take it's eyes from taxes, and since bitcoin is taxable as an asset is one the reason why they have not ban it yet, they don't want to make bad decisions and try to later disapprove their decisions, so if your country hasn't said anything about the status, continue to use it but if it's illegal to use in your country, I will advice you to stop using it while in that country.

Citizen should follow the law imposed by the government.  Else there will be chaos everywhere.  The government is established to give a standard set of rules so that a country will live in harmony but of course that will not always happen.

If a citizen does not want to follow the law of its country then that citizen is better to look for another country where his ideal fit in.  Any one violating the government law is a bad citizen but it does not mean that that citizen is a bad person. 


I think it is not about the performance of the government but the implementation of the law by the government.  The government performance can be discussed in another topic...  and yeah we all know that most of the government officials overpromised but under delivered worst many are corrupt.

Violators? Has this country really guaranteed the welfare of its people and given them decent jobs? This must be what the governments that illegalize crypto think, assuming that cities are violating their laws. But meanwhile they have not been able to provide a decent life and facilities to their citizens. Hmm, this actually doesn't need to be answered. Because never mind, we ourselves go through it and we know our own condition.

First of all, banning bitcoin is a big joke that is why countries tried and realized it is not possible to ban something that is not under control. The second is ban varies too, in some countries buying and selling bitcoins is illegal but owning them isn't so if the person can find a way to get bitcoins then still it is not against any laws.

If you can think like that, I don't think you're completely understand what Bitcoin is since the purpose is to against centralization which every country in this world don't like that and see it as a threat for them.

Life is a choice, you can become a "good citizen" by using their centralized product, store your wealth in strict, unsecure and prone to bankrupt centralized bank, paying ridiculous tax, having no freedom etc.

Your question is against many users privacy and that's why you won't get a proper answer or whatsoever from a reputed member of the forum. There are many countries whose governments dislike Bitcoin but they haven't put any legal laws against it and the users from those countries can still invest in Bitcoin without any worries because if there isn't any legal law against something then it means the citizens can invest in it on their own risk.

I would say that the countries that have banned Bitcoin aren't well aware of the true advantages of Bitcoin. The citizens from those countries should be careful when investing in Bitcoin as if somehow government gets information about their investment then they can be in trouble. But, if they're secretly investing in Bitcoin without telling others or having complete privacy then they aren't doing any sin or crime. The governments change over time and they change their decisions over time.

Bitcoin is a good investment that can change someone's life. If Bitcoin is illegal in your country does mean that it is illegal in all countries I am sure that even countries where the government did not expect Bitcoin are investing in it secretly and profiting from it. As for me I don't see anything wrong with it that you are a bad citizen, when you are looking for ways to generate income to help yourself and your family, Now if someone told you that you are breaking government rules and you will never invest in bitcoin again, or what are you trying to say, I believe we are in the same local board and you know how the country is and the economy is very hard everyone is looking for funds, and you invest in bitcoin and you are profiting and you are wondering if it is bad.