Topic: Bitcoin and it's holders in our society - page 2. (Read 992 times)

Everyone should be able to trade cryptocurrencies freely. Bitcoin and other cryptocurrencies are assets that people invest in and can hold for the long term. No one should prevent this. People should be free to choose what and how to invest.

For example, in my country, Bitcoin trading is not legally regulated, but crypto trading is allowed on exchanges.

I guess keeping important apps and accounts protected with strong passwords and other security measures should be taken when dealing with keeping hard earned money safe. While surely there are governments which are not friendly to crypto, I guess it would be better to follow what the government is imposing for the time being for own safety, for like those people, if they managed to earn that money by working hard and then converted it to crypto, they should have good answers about the sources, if they can't give proper answers, that does indicate the chances of them being fraud. I guess for normal people too, it is better to wait and pray that government recognizes crypto then trade or hold rather than buying and then hiding it.

Luckily, in my country, the government here provides the widest possible access for people to be able to trade Bitcoin and Altcoins, but with the caveat that traders trade on official exchanges that have been verified by the government, apart from these exchanges, people cannot trade cryptocurrency. But even if there are people trading outside regulated exchanges, the police cannot take action against them because personal devices are a person's privacy, and the police cannot conduct searches unless prosecutors ask them to.
So it is very sad to see how your country treats ordinary citizens who are involved in cryptocurrency trading, because it is their freedom to trade crypto or not, and police actions like that clearly violate human rights.

In my country when a person earns money without doing any government or private job that person is looked upon with suspicion by the people around him. And a lot of their violent attitude can be observed. It is also possible that someone who harbored hostility may have informed the police of his activities. In such a situation the police will definitely look at him suspiciously and may check the phone he is carrying.
We may not be able to work from home all the time as we need to go out. And since the phone is an easy method of transportation, even if we work outside the home it is not convenient to use all these cryptocurrency-related apps on a laptop.

It is difficult indeed when a country that does not really expect crypto, especially bitcoin, exists then it is certain that it will be sought because after all it is like violating the regulations they enforce so that it will be considered an irregularity so caution is clearly very important in this case.

Fortunately in my country it is still quite comfortable even though until now bitcoin is still considered a commodity but no bans have occurred and even the government is currently starting to facilitate traders or investors in bitcoin which shows that my country is still welcoming this.
But indeed caution is very necessary because after all we do not know the dangers that will occur around us so that a simple way by hiding applications or those related to your assets can be a good way to make yourself comfortable.

As trader or holder is bitcoin legal in your country how environmental friendly bitcoin is over there, this is for those country that are facing difficulty with bitcoin and cryptocurrency at large. While leaving at home it's advisable to set an important app hidden if you think trading bitcoin or having them will lead you to great danger especially within my country where they suspect lots of boys to be internet fraudster.

What i experience last night made me to raised this topic so we can learn to secure our investment or be very mindful while moving with our smartphone at night it's very risky to lose one valuable asset at this point.

As trader or holder is bitcoin legal in your country how environmental friendly bitcoin is over there, this is for those country that are facing difficulty with bitcoin and cryptocurrency at large. While leaving at home it's advisable to set an important app hidden if you think trading bitcoin or having them will lead you to great danger especially within my country where they suspect lots of boys to be internet fraudster.

What i experience last night made me to raised this topic so we can learn to secure our investment or be very mindful while moving with our smartphone at night it's very risky to lose one valuable asset at this point.

That is a popular case which got lots of attention and the individual in this case was able to afford a very good legal team. Many individuals who have been harrased by the authorities for their involvement in crypto related activities never actually made it to the internet.

the government could use the abundance of P2P traders in Nigeria as an asset and treat crypto stakeholders as allies to understand how to use crypto to the advantage of the nation’s economy.

Nigeria is currently the largest P2P crypto market in the world, which came about after the Central Bank of Nigeria banned institutions from buying and selling crypto in 2021. In December 2023, the Nigerian government lifted the 2021 crypto ban, enabling crypto exchanges to apply for licenses in Nigeria.

I have not seen a situation whereby government attack traders in nigeria, theirs one popular Nigerian bitcoin trader called blord,  government have tried to severally to arrest B.lord and they could not arrest him,even when economic financial crimes commission  [Efcc] filed case against b.lord, the b.lord won them in court of law, nigeria government is not against whosoever that is into cryptocurrency trading, even some of the politicians is even saving their funds with cryptocurrency especially bitcoin

I have not seen a situation whereby government attack traders in nigeria, theirs one popular Nigerian bitcoin trader called blord,  government have tried to severally to arrest B.lord and they could not arrest him,even when economic financial crimes commission  [Efcc] filed case against b.lord, the b.lord won them in court of law, nigeria government is not against whosoever that is into cryptocurrency trading, even some of the politicians is even saving their funds with cryptocurrency especially bitcoin

In my country when a person earns money without doing any government or private job that person is looked upon with suspicion by the people around him. And a lot of their violent attitude can be observed. It is also possible that someone who harbored hostility may have informed the police of his activities. In such a situation the police will definitely look at him suspiciously and may check the phone he is carrying.
We may not be able to work from home all the time as we need to go out. And since the phone is an easy method of transportation, even if we work outside the home it is not convenient to use all these cryptocurrency-related apps on a laptop.

Along the way going a black cap men stopped us and wanting to search us after which they asked to unlock our device and so luckily I already hide my important app as my instinct leads me, but people around me that entered same vehicle(taxi) with me didn't do that and I noticed they have similar app on their iPhone so the policemen called to asked them about the Binance and other apps in their phone when they opened it they started questioning them about the funds inside and how did they manage to raise those funds although those young men weren't able to speak boldly and to defend themselves correctly and that was how they asked us to leave took them to station for further questioning.

As trader or holder is bitcoin legal in your country how environmental friendly bitcoin is over there, this is for those country that are facing difficulty with bitcoin and cryptocurrency at large. While leaving at home it's advisable to set an important app hidden if you think trading bitcoin or having them will lead you to great danger especially within my country where they suspect lots of boys to be internet fraudster.

What i experience last night made me to raised this topic so we can learn to secure our investment or be very mindful while moving with our smartphone at night it's very risky to lose one valuable asset at this point.

Cryptos are legal in my country, and police don't just stop random people on the street and ask to see their phone apps, even though we literally have martial law, and they can do a lot of stuff. Phones are checked only if there's a reasonable suspicion that this person's working for the enemy and that there's proof of that on the phone. If someone just looks weird to police, they check ID and might ask a couple of questions, but that's it. Overall, there are no questions, no checks, and of course something like a Binance app wouldn't lead to any additional questions because nobody cares about that.
That being said, I have zero crypto apps on my phone, simply because I take my phone will me and I feel like it's safer to keep crypto stuff on PC which always stays home.

They really are cracking down those people that are involved in trading or holding Bitcoin. I guess you guys really have to hide all of those crypto related apps if you go outside or use another device when you have to go outside and just leave that phone that has apps installed for your crypto trades and portfolio managing. You'll never know what the police or anyone will do to you upon knowing or accidentally seen that you're also into crypto investing/trading as they'd always have that mindset that someone who's in, has got a lot of money.

As a fast rising digital currency and the number one most cherished and valuable coin people within it's environment has been using it greatly to help spread the max adoption which many people goes into trading, holding or investment. We have to also understand that our device aren't safe while moving with either our phone or laptop.

It all happened yester-night; this happened yesterday night while going back to a place of work with my device as I was leaving something in me keeps telling me to freeze my important apps which includes my Binance app, Okx app, Electrum app and other digital asset app within my device was freezed and removed from my phone menu.

Along the way going a black cap men stopped us and wanting to search us after which they asked to unlock our device and so luckily I already hide my important app as my instinct leads me, but people around me that entered same vehicle(taxi) with me didn't do that and I noticed they have similar app on their iPhone so the policemen called to asked them about the Binance and other apps in their phone when they opened it they started questioning them about the funds inside and how did they manage to raise those funds although those young men weren't able to speak boldly and to defend themselves correctly and that was how they asked us to leave took them to station for further questioning.

As trader or holder is bitcoin legal in your country how environmental friendly bitcoin is over there, this is for those country that are facing difficulty with bitcoin and cryptocurrency at large. While leaving at home it's advisable to set an important app hidden if you think trading bitcoin or having them will lead you to great danger especially within my country where they suspect lots of boys to be internet fraudster.

What i experience last night made me to raised this topic so we can learn to secure our investment or be very mindful while moving with our smartphone at night it's very risky to lose one valuable asset at this point.

I don't think that's something that anyone should be experiencing because that's crime no matter how you look at it, they did some illegal searches on your phone which is considered a personal stuff so even if they're a police, there's no way that they're allowed to do that without a warrant. This kind of thing just makes me hate even more the profession of a police, there's no way that you'll have to overexert your power to the people that you're supposed to be protecting, makes me respect them less when they do this kind of thing. Now that I've seen this happen to someone, I guess it's time for me to find a phone that hides my important apps in the case that this might happen to me although I wish it doesn't but with all this stuff happening to someone, I guess it's better to be safe than sorry.