If simply owning it is already prohibited, I would cease buying Bitcoin in order to ensure the safety of my family and myself. Even though there are still various ways to access it, the government will certainly not remain idle. The government will create several layers of difficulty for Bitcoin holders with the intention of deterring them from any further involvement with Bitcoin. Typically, the initial impact is the inability to convert it into local currency. Thus, users must sell it using global currency in a manner that is certainly not easy.
Waiting until the regulations become slightly more relaxed is the best choice, rather than risking what we have purchased. No need to force it, there are still plenty of other income sources that also have great potential, just like Bitcoin.
Topic: Cautionary campaign about Bitcoin - page 2. (Read 265 times)
Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.
I don't know what we should do at this point.
When greed is rampant throughout the markets - Do not buy, and assess the time to sell.
When fear is rampant throughout the markets - Buy.
Inexperienced market participants will sell when things like this happen, and also amongst the binance/sec battle, I can only imagine that there is a lot of local and global fear for Bitcoin...
but does that mean Bitcoin is going to 0 and will never recover again? Definitely not.
News expires quickly. Don't let it effect your decision making. Bitcoin dipped? That's an opportunity, take it!
Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country.
Is it just about Bitcoin or about cryptocurrencies in general? I've searched the web but couldn't find any links to the campaign. Normally what happens is that Bitcoin and cryptocurrencies are put in the same category, and as there are many crypto scams, they try to warn the population about it. Those who know about the subject know that the Bitcoin that you keep with your private keys has nothing to do with buying some shitcoin or token because you have heard it from some youtuber.
Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.
I don't know what we should do at this point.
How do you keep investing on Bitcoin while your country banned using it? What platform you are using to purchase Bitcoin because this is so scary if I’m on your shoe since your bank transaction is can be tracked. A simple tip to the authorities by someone that has a grudge to you can make your life miserable.
I suggest to stop investing for a while and let the news be cold because your government might be active on catching guys like you for involving banks to do a movement like this. Bitcoin will never gonna die. You can always invest when the smoke is clear in your country. Don’t trade your security over an online investment.
It's not so hard that he has to stop investing in bitcoin, as long as he is careful, no one will be able to find out that he is investing in bitcoin. My country's banks also forbid buying and selling bitcoin or anything related to cryptocurrencies. So we have a solution that when the transaction of money transfer content has absolutely nothing to do with crypto, the bank will not catch errors or detect you. As for countries banning cryptocurrencies, we can still access regular online exchanges without problems. But it's better like you said, he should let things settle down, don't invest more at this time to avoid unnecessary troubles.
Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.
I don't know what we should do at this point.
If I am not mistaken NAGAD is now classified as NBFI in the country of Bangladesh, correct? In addition to what you say, it seems like a very difficult situation that you who are in a country that bans Bitcoin are limited in what you do and it is for sure that you do it secretly as well.
Is there a fine like that when it is known that you are saving Bitcoin? I understand your belief in Bitcoin, but of course, you still need to be careful, right? But even so, maybe the best way is to use a VPN.
Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.
I don't know what we should do at this point.
If you don't want to get into trouble in the future, it is either to keep your Bitcoin involvement really hidden or disengage with Bitcoin investment. I would choose to keep my Bitcoin involvement hidden because no one will know until we told them that we are engaged in Bitcoin investment. Also, you must avoid centralized exchanges in selling or buying your Bitcoin because you will be traced by the government if the exchange decided to cooperate with the government. Use p2p when trading if possible. Or wait until your government legalized Bitcoin, or move to Bitcoin friendly country if you are capable.
I mean, let them. Are you willing to get incarcerated for bitcoin? Do you think fighting for bitcoin's rights to be accessed by the people will get you some sort of Edward Snowden type of fame? No. So in that regard, don't risk anything that may put you in the bad side of the law. Is it important that we let everyone know of bitcoin and its wonders as early as now? I don't think so. Thing is, a smear campaign only works if the people you're telling it to are already using that product. With Bitcoin being the center of this slander, presumably not a lot of people will catch the drift of this campaign. More so, this will just become a fleeting memory to many, especially when a new All-Time-High happens, or a bull run for that matter.
So what should you do? Don't stress about it.
So what should you do? Don't stress about it.
How do you keep investing on Bitcoin while your country banned using it? What platform you are using to purchase Bitcoin because this is so scary if I’m on your shoe since your bank transaction is can be tracked. A simple tip to the authorities by someone that has a grudge to you can make your life miserable.
I suggest to stop investing for a while and let the news be cold because your government might be active on catching guys like you for involving banks to do a movement like this. Bitcoin will never gonna die. You can always invest when the smoke is clear in your country. Don’t trade your security over an online investment.
I suggest to stop investing for a while and let the news be cold because your government might be active on catching guys like you for involving banks to do a movement like this. Bitcoin will never gonna die. You can always invest when the smoke is clear in your country. Don’t trade your security over an online investment.
There are countries that actually banned cryptocurrencies and the citizens find a way to buy and sell bitcoin without using the bank. Most of these people use the P2P method and if the exchange is centralized then it will be hard to get the person. But if we look most of these exchanges that offers these services in countries like this are centralized. Advice to the OP aside going totally decentralized and private about cryptocurrency is to also find a way to take his money from all these banks he once used for the transactions involved in cryptocurrency, because the government could freeze all funds in these banks even if it is not used for cryptocurrency transactions again
I don't know what we should do at this point.
I recommend that you go entirely decentralized.With the current scenario in your country, I am confident the government will be following all Bitcoin transactions they can track for individuals using local exchanges, thus selling your Bitcoin is not the option at this time.
If you can't find any p2p sellers near you, I recommend using a Bitcoin mixer to stay anonymous and then send your Bitcoin to a decentralized Bitcoin wallet like electrum in order to be free and keep holding your Bitcoin.
If you feel that the current policies and risks associated with the use of Bitcoin in your country are substantial, you should avoid engaging in such activities for your own peace of mind and compliance with laws. Each individual's situation is unique, and you must ultimately make a decision based on your own assessment of the risks and legal implications. If you believe that refraining from Bitcoin-related activities is the best course of action under the circumstances, it is important to trust your judgment and prioritize your personal health. So stick to the decision that suits your own comfort level and prioritize your safety and compliance with the law.
Bitcoin is the digital currency and had a capacity to replace the bank system.So many countries government was fear about the crypto currency and bitcoin.Specially the developing countries had target the bitcoin market to avoid of their citizens to involve in crypto currency.Because they want their citizens to inverse in government stock as compared to the crypto currency.Since some developing countries allowed the bitcoin by trying to grow along with the technology.
This is a serious offence if the country already ban bitcoin, we have different country with their various laws and policies as regards to Bitcoin we have some countries like China that have strict laws in the banned of Bitcoin and other cryptocurrencies so if you living in a country like that, all you can do is to hold your bitcoin in privacy and avoid any possible trace to your bank account and other personal traceable means. Alot of things have gone wrong with the way some government perception about decentralized financing and this have made them to take drastic actions against ownership and usage of cryptocurrencies but the truth is that they can't stop its inflow.
You don't have to pressure yourself, if you're scared of the policies concerning you then just don't do it.
Because you'll never know the people that surrounds you and knows you will report it to the authorities that you're using something illegal in your country and that's Bitcoin.
You can secure yourself by just avoiding it as of the moment and until the government changes these policies then that will remove your worry. But as of now, just do what you think is right.
Because you'll never know the people that surrounds you and knows you will report it to the authorities that you're using something illegal in your country and that's Bitcoin.
You can secure yourself by just avoiding it as of the moment and until the government changes these policies then that will remove your worry. But as of now, just do what you think is right.
Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.
If i own tons of Bitcoin is my cold wallet it means untraceable assets unless I exposed myself by holding your Bitcoin in a centralized custodial wallet, it makes more sense since we are familiar with the privacy feature of Bitcoin and how its decentralization makes it impossible to be traced.I don't know what we should do at this point.
So my advice is that if you are from a country that banned Bitcoin in every form, then you need to be more decentralized in your Bitcoin approach and have everything well planned out.
If everything related to cryptocurrency is banned in your country and if you are still holding some cryptos, you are already standing against the law. Ensure you so not speak about it in public domain.
Banking and financial services companies will always try to paint a negative picture of cryptocurrency in front of the general public. I have faced it in my country as well when we did not have a clear picture of the regulatory framework. But thankfully it is not fully banned in my country. So keep holding your bitcoin but in silence.
Banking and financial services companies will always try to paint a negative picture of cryptocurrency in front of the general public. I have faced it in my country as well when we did not have a clear picture of the regulatory framework. But thankfully it is not fully banned in my country. So keep holding your bitcoin but in silence.
Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.
I don't know what we should do at this point.
How do you keep investing on Bitcoin while your country banned using it? What platform you are using to purchase Bitcoin because this is so scary if I’m on your shoe since your bank transaction is can be tracked. A simple tip to the authorities by someone that has a grudge to you can make your life miserable.
I suggest to stop investing for a while and let the news be cold because your government might be active on catching guys like you for involving banks to do a movement like this. Bitcoin will never gonna die. You can always invest when the smoke is clear in your country. Don’t trade your security over an online investment.
Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.
I don't know what we should do at this point.
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