Topic: Are bitcoin investors violators? - page 3. (Read 764 times)

If government makes bitcoin to be illegal I don't think one having bitcoin is committing a crime because their is nothing incriminating about bitcoin.  The main reason any government would want to make bitcoin illegal is either because they can control it or they are scared because people will choose Bitcoin against fiat for savings and investment that can somehow affect the banking system.

It  is not a bad thing to invest bitcoin in a country where bitcoin is being restricted to citizens but because of the laws set by government people just need to apply wisdom to not fall as a prey to this law by the government. Even if the government hates bitcoin it can't stop people from investing in Bitcoin because people understand the benefits of having bitcoin.

There are no laws that prohibit the investment of bitcoin because it is your own money and you can invest in whatever you wish though the government frowns against it. it is just that the government has not legally approved it usage because it is posing a threat against their monetary system and it will be of no benefit to them that is why they are trying to do everything possible so bitcoin does not succeed. If you are in support of a good cause then you are not doing the wrong thing in my opinion because we all know that the government has been taking advantage of us and we are being step on by them so we are doing this for the betterment of everyone.
I don't see myself as a bad person because i am doing this for a greater cause and i know using bitcoin doesn’t have any effect on anybody.

Being a ruling body doesn’t necessarily mean they are right on every decision they make, the slave trade scenario is a perfect example of some wrong things the government supports that are wrong in real sense but they actually purnished those that resist the movement back then. In a few years the outcome will be the same and those that were in support of bitcoin movement will also be seen as heroes. Governments are just scared of some of their benefits bitcoin will rule out when legalized so they fear the idea of decentralization and it is why they are fighting hard to keep everything centralized. Everyone wants freedom and it is what bitcoin has offered us so i don’t care what the government thinks i just want financial freedom. 

In my country the government does not prohibit people from investing in BTC, and I am very lucky to be in my beloved country so I can freely invest in BTC and I also pay taxes when I trade in crypto and it is deducted directly by the exchange. Of course the government program in my country is very good so investing in BTC or trading in crypto is of course no problem, but my government prohibits people from using crypto as a means of payment.

but op, I'm sorry I won't answer your question, and I'm forced to not answer it. Honestly, this is a difficult question to answer. Surely you also understand what I mean. and of course you have seen many answers from members of this forum.

IMHO, in every country with that definition that you've said about Bitcoin investors there are other things that people are going against with their government. There are still some strict reinforcements from them but no matter what they do, there will be violators everywhere. Is this an important matter? Well, for me that it is not since I'm in a country that's so chill with things like related to Bitcoin but I don't know what may happen in the future. But this is a big concern for those that are found in those countries that are strict with the implementation of their rules against Bitcoin but I know that they can survive and know their thing and what must be done.

Obviously, laws are not made for bitcoin but certainly focus on fiat. So whatever you do transactions with bitcoin, that is always violating the law. But who cares actually if you secretly doing bitcoin transactions without other people's awareness. Bitcoin is decentralized and so we need to deal it with privacy and security, and the government has nothing to do with it provided that they are also not aware that you're into bitcoin.

Well, bitcoin investors only end up violating if the country does not legalized bitcoin investments and trading, but if they are open to that, then there's no violations that are made or done.

I am not a bad citizen for doing so; the government is aware of the truth but refuses to accept it. I don't mind if you call this a rebellion because we have discovered the truth about financial freedom and want to embrace and support it.


No, the people in power and the elites are the ones who break the law the most and are not punished for it. I don't see myself breaking the law by purchasing bitcoin with my own money after learning about the risks involved.


Bringing religion into this won’t help to solve your narrative of disobedience. Even religions value truth and transparency in all that we do. Isn't that what bitcoin is attempting to accomplish here? As a result, religion will rather support it than oppose it.

do you think every law that the government have passed should be followed? Do you follow every law the government have passed? do you consider yourself a bad citizen for not following all the law the government have passed? the thing is, it doesn't make you a bad citizen if you do not follow certain laws, especially if the law you are breaking does not affect anyone in any way, including the religious side as well.

Banning the use of bitcoin in some countries is illegal, but it does not constitute a crime. As far as I understand, it's just a limitation on legal issues, but banning someone from using bitcoin seems useless.
And going back to the issue of individuals feeling violated, I think that's not true. For me, trusting the government's management is not always perfect because there will still be things that cause harm and conflict among the people. And control will foster a violation of it, violating the law with what kind of behavior? I have heard of some stories of money laundering criminals, but that is a different threshold because if it weren't for bitcoin, they would still be criminals.

The technology itself is not illegal, only the persons who are using it for illegal activities.
So we should not blame bitcoin or blockchain technology because of these fraudulent acts.
Just like fiat money, it is being used also to anything illegal. And the scammers are just finding another option to screw people.

Bitcoin isn’t illegal, though it might not be recognized by a lot of nations, it doesn’t make it illegal still. Perhaps you need to do more research on your subject before making such generalizations as it could be misleading to the population seeking to know on the platform and around you.
Government of most nations simply chose to not be both arms open in accepting of the Bitcoin innovation for a means of finance. Hence, it’s not backed by them and individuals who find themselves within the space are fully liable for there actions and inactions.
We’ve got several trading firms and Bitcoin involved platforms around every nation, putting up signs and what have you for advertisement, even on the media and you wonder why they are not being invited or criminalized if that was against the law. It’s simply because, it ain’t against the law. It’s just not backed by the given government and that’s it.
Though I might chose to be private and not put myself in line for triers, I’ve done nothing wrong in exercising my right to investment.

I am not residing in your country and my country see Bitcoin as a mode of payment so basically my country sees Bitcoin as legal and does not see Bitcoin users as violators.  So the answer to your question is subjective.

But in general, if the government announces that Bitcoin engagement is illegal, then any person who is engaging with Bitcoin whether discretely or openly is labeled as violator.  Depending on the country's law, they will be punished if caught accordingly.


In my country, there is a clear statement of separation of state and religion.  As long as the person is not committing any act that go against the Holy Scriptures, then that person is not sinning. As far as I know buying Bitcoin and trading with it is not written as a sin in any Holy Scripture...  and if you find a direct statement that tells that buying Bitcoin is a sin, then I would gladly stop engaging with Bitcoin activities.

You can actually invest or trade secretly, as there's no need to tell others or the government that you are currently doing it. That won't make you a bad citizen or a violator on their laws. They will only start seeing you crossing against their laws if you are disclosing that you are actually into bitcoin investing.

I don't believe that each of us is not capable to break the law. The government is sometimes giving us a hard time to live our lives the way we want it to be, and if only bitcoin investing could save that, then I would always want to stay a violator but it remains the fact that I am only the one who knows that I am actually violating the law.

Well, first of all, there's a high difference between the illegal and currently non-legal tender. Illegal refers to the prohibition of trading under some state policy and currently non-legal tender refers to a state that is not clear with the policy about it, in this case, you are allowed to trade under some limits and even you can confront some legal actions.

Also, Bitcoin is decentralized, you can use any non-custodial wallet to make some pre-legal policy accumulations, but it's not wise to do so if the state already imposed some kind of strict policy. Here in my region currently state is not clear about weather to accept or not the digital crypto era. You know the dictatorship hehe.

The reason why you see people like us going against government illegal is because BTC is a decentralized currency that is not own by government but it gives access to whoever that want to use it for any exchange in the whole world. BTC was banned in my country some years ago by the CBN governor because, many people in the country prefer to transact business with people with BTC without using the fiat money which is the popular local currency in the country that made the government to reduce the population of BTC users in the country by banned BTC and crypto in the land.

Have you ask yourself the reason government banned BTC or made BTC illegal in some countries that lead to illegal in some countries, if you don't know what government is fighting by making BTC illegal, you can meet some of the parliament members in your country so that they will explain better to you and you will know that they are fighting for their own selfishness not for the betterment of their citizens.

If you are a businessman and love crypto, that's one thing you need to think about. The job is to keep buying and holding. Indeed, we need an exchange to make withdrawals, but in my opinion there are many options if we want to liquidate our assets.

Apart from all that and as a good citizen, I think that if the government is wise and considers it necessary, it would be good if the government could make regulations. Tax levies on crypto asset trading transactions will be carried out by trading organizers because the potential state revenue from crypto taxes can be very large.

If we are to look at it from this perspective, yourself is also violating the rule since you’re also an investor in bitcoin and would want to benefit from it despite the government not legalising it as legal tender in your country. If you bring religion into this, not everyone will be judged since not all believe in religion. Those government leaders that are not allowing the adoption of bitcoin may also be secret investors who are looking to benefit handsomely from bitcoin. With bitcoin level of adoption and popularity, the government officials have no choice but to also secretly invest and publicly despise bitcoin.

Going against the rules isn't always a bad thing to do.  There's times when it's the proper response, like when folks were advocating for equal opportunities for all people no matter their skin color and  when laws seem unjust, weve got an obligation to speak up and object.

Even though some officials have wanted to limit or outlaw Bitcoin, a lot of people see these as old-fashioned ineffective tries to regulate something that's already shown it can take whatever's thrown at it and keep going strong. Just as we get to pick the products and services we pay for, we should also be able to choose the money we like to use.

Have you ever found out why the government prohibits the circulation of Bitcoin in its country or when most other countries have given space to Bitcoin as a commodity asset, these countries still consider Bitcoin to be very illegal. Behind the decision there is always an interest, I think these countries which still consider Bitcoin illegal have a personal interest so that no other currency competes with the fiat currency issued in that country.

Indirectly, the government restrains its people from always using their fiat money so that the system built so far is not threatened by the presence of Bitcoin. If the situation is like this, I would rather be called a violator than have to obey the rules of a government that does not give its people the freedom to choose what can benefit society in general.

This is true, like in my country, many citizens ignorantly think that bitcoin is banned, but this is a lie, it is only the central bank, that prohibits banks from facilitating crypto transactions. We have many exchanges that are doing their businesses without any problems. In fact this misconception about ban is affecting the adoption of bitcoin, in my country, because they'll think that they'll break the law if they engage in anything cryptocurrency transactions. So for bitcoin lovers in countries that are not bitcoin friendly, they should try and find out if it's a total ban or if it has certain restrictions, like in the case of Nigeria.

Everything that involves with bitcoin may always be a threat and illegal for the government, most especially for those countries who ban bitcoin just to control their citizens from not accessing bitcoin. While this could be illegal for them as it could lose the essence of fiat, but for us bitcoin investors this could only be the reason so we can be free from financial control and manipulations. So I don't think it's considered a sin, since we are just trying to exercise our freedom that the government has deprived us.

Disobeying an unfair and unjust government does not make us bad citizens. Bad citizens are those who commit crimes and other illegalities that put other citizens welfare into danger, and bitcoin has no propaganda like that.