Continue believing in Bitcoin when the government says not to? - page 2.

Englebabylove

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Quote from: Fazlurkhan.kz on March 02, 2018, 12:26:16 AM

After last years record of bitcoin, it came in the bright light an more and more people got introduced to cryptocurrencies in general. But after that the government officials and banks started to convince people to avoid indulging in the cryptocurrency world, be it any virtual currency.
A lot of banks have stopped purchase of any cryptocurrency through their cards and some trading sited have also warned users to withdraw all your money from trading and put a hault on any trading activity. They say as cryptocurrencies are highly volatile, one could go in great debt as reaching unprecedented heights is not promised to anyone.
What are the legit and massive reason one should truly keep believing in bitcoin and cryptocurrencies other than it being anonymous and it lets people have control over their money?!

The government is warning, not outright opposition. There's a big difference. The government is worried that bitcoin will affect the state of the economy, so it is usual to discourage investment in bitcoin.

galkina

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Quote from: Fazlurkhan.kz on March 02, 2018, 12:26:16 AM

After last years record of bitcoin, it came in the bright light an more and more people got introduced to cryptocurrencies in general. But after that the government officials and banks started to convince people to avoid indulging in the cryptocurrency world, be it any virtual currency.
A lot of banks have stopped purchase of any cryptocurrency through their cards and some trading sited have also warned users to withdraw all your money from trading and put a hault on any trading activity. They say as cryptocurrencies are highly volatile, one could go in great debt as reaching unprecedented heights is not promised to anyone.
What are the legit and massive reason one should truly keep believing in bitcoin and cryptocurrencies other than it being anonymous and it lets people have control over their money?!

Here are some of the reasons that you should keep believing in bitcoins even when the government says not to:

1) Most of the people against bitcoins compare it with other online ponzi schemes. They think that just like other past fraud schemes, bitcoin will also go away with the investment of a lot of people. We had been hearing this for past 8 years. If it was a fraud scheme, it would not have been able to survive for so long.

2) Second issue that complainers have against is that prices are volatile. Some people give example that it dropped from $18000 to $7000 in few months. Reality is if you invest for long term, you will never see loss.

Thirdspace

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Quote from: piloder on March 02, 2018, 02:47:34 AM

Government are only worried about tax invasion with the use of crypto but they keep warning their citizens not to trust or put money in Bitcoin as it is risky investment and can be used in money laundering.
---snip---

government worries about potential tax evasion Grin

not invasion
money laundering and terrorism (government's #1 concern) also some of the possibility of negative use of bitcoin
flow of support fund for terrorism is becoming harder to detect and trace with the use of crypto currency

would I still continue believing in Bitcoin? Yes, but I will cautiously with whom I do my transactions...
you don't want to accidentally help terrorists get their ammo's fund, do you? Tongue

Brik03

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Let's say that it is the beginning of the end for the banks in general (at least not starting to meet cryptocurrencies) from now to 50 years surely we will see radical changes in everyday life as regards the management of money in general. How can the government safeguard the interests of banks if not through the ban?

CHENIEN

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Decentralized Ascending Auctions on Blockchain

Mostly all countries or any government has already warn their people about cryptocurrency business, but we consider that governments are truly concern for their people. And if we analyze the situation today about bitcoin business, we can noticed that there are more personalities involves in bitcoin business are came from the family which is the daughters and sons of every politicians or government leaders. As what I have been heard that the son of president is joined bitcoin business, but I will not mention here in the forum about the name of the persons involves for the security and safety purposes. So, we can say that even high profile personalities or even government officials are also participating bitcoin business.

colvis

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Most government don't know what bitcoin really is so they criticize it the way they viewed it. Most governments as well don't want it citizens to be financially buoyant so they don't want them to get involved on it. I want to change my financial situation so can't listen to my government criticisms

genset88

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Quote from: kurdapyo on March 02, 2018, 01:08:16 AM

maybe the reason why the government were trying to stop the bitcoin is that they dont get any share, imagine, the transaction is people to people, no bank, and the government dont receive money from the bank

Nowadays many countries cannot accept Bitcoin for many reasons, but I think they are worried because Bitcoin is considerable money, so it is easy to be attacked by hackers, besides those countries that banned Bitcoin have a background. The economy is not enough to meet the demand of Bitcoin.

oppasong

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The belief in bitcoin even though the government does not do it because bitcoin there is an individual investment is not a group or a country, for that although the government still has not legalized bitcoin officially does not mean bitcoin stops and does not mean but it has been tested and proven for its users.

First77

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Quote from: Don Pedro Dinero on March 02, 2018, 02:40:09 AM

I believe in bitcoin for many reasons, but the government telling me not to, it is another strong one I have to believe.

The governments must have plans for Bitcoins.

Kingofbitcoin12345

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Activity: 462

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Why should i don’t believe in bitcoin if the government can’t be trusted? The idea is they were given the power to serve for the people but that is just a delusions and election promises,, they’re on position in purpose for money and they can’t have it without the help of financial supporters that obviously behind all the oppression of poor citizens of one country.. May not all but most of them..

piloder

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Government are only worried about tax invasion with the use of crypto but they keep warning their citizens not to trust or put money in Bitcoin as it is risky investment and can be used in money laundering. Government want to keep sucking tax from every citizens regardless of their financial status and also want to force their citizens to keep their hard earned money within their country, both of this against freedom right we all should have.

Government don't want us to have financial freedom.

okour999

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there are foreign govenrations that can not handle the bitcoin so they do not want it in their country and think they will not earn it if they can not handle it and another is not as tax bitcoin so they just do not want bitcoin and want to ban their country

Don Pedro Dinero

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The first decentralized crypto betting platform

I believe in bitcoin for many reasons, but the government telling me not to, it is another strong one I have to believe.

endlings

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Quote from: Kakmakr on March 02, 2018, 12:49:22 AM

Government are telling you to support Banks. You trust these Banks, because you think the government will protect you. Wrong! What happened with the last economic crisis? The Banks got into trouble, because of Fractional-reserve practices and reckless loans and the government stepped in to help them.

How did they do that? They took more of your money to bail out these Banks.

Do you still think governments care about you? They want to destroy Bitcoin, because it takes away some of their power over you.

The only reason why Bitcoin is still here, is because governments cannot shut it down completely.

Bitcoin is out of government control, so the government thinks all cryptocurrencies are dangerous because they have no control over it. But we can ponder over whether bitcoin really is dangerous, it's just a technology, a technology that everybody knows knows of potential, not an unlawful item.

heureca

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Quote from: Fazlurkhan.kz on March 02, 2018, 12:26:16 AM

After last years record of bitcoin, it came in the bright light an more and more people got introduced to cryptocurrencies in general. But after that the government officials and banks started to convince people to avoid indulging in the cryptocurrency world, be it any virtual currency.
A lot of banks have stopped purchase of any cryptocurrency through their cards and some trading sited have also warned users to withdraw all your money from trading and put a hault on any trading activity. They say as cryptocurrencies are highly volatile, one could go in great debt as reaching unprecedented heights is not promised to anyone.
What are the legit and massive reason one should truly keep believing in bitcoin and cryptocurrencies other than it being anonymous and it lets people have control over their money?!

Yeah, governments try to regulate criptocurrency market because it is a lot of money out of government control. However, I hope this issue will be resolved in future

TheGodFather

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Quote from: Fazlurkhan.kz on March 02, 2018, 12:26:16 AM

After last years record of bitcoin, it came in the bright light an more and more people got introduced to cryptocurrencies in general. But after that the government officials and banks started to convince people to avoid indulging in the cryptocurrency world, be it any virtual currency.
A lot of banks have stopped purchase of any cryptocurrency through their cards and some trading sited have also warned users to withdraw all your money from trading and put a hault on any trading activity. They say as cryptocurrencies are highly volatile, one could go in great debt as reaching unprecedented heights is not promised to anyone.
What are the legit and massive reason one should truly keep believing in bitcoin and cryptocurrencies other than it being anonymous and it lets people have control over their money?!

I think yes, we really have to see for ourselves and experience the brilliance and the wonders of bitcoin. Granted that the government has valid points in ehich it can raide some concerns towards its integration provess and the likes to its country. It is still something that we believe in because it works for us and we have been benefitting from it and we know that given enouch chance or the technology to be integrated slowly then it would be a big boost not just to the economy nut a great step forward into our future

vdhsas

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The government does not proceed from an individual point of view. Instead, it treats bitcoin from a national perspective. Bitcoins are not conducive to government surveillance of people's property, so they just tell you not to believe it.

angelakrasnova

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I think they will not be able to stop what has long since become a reality in people's lives, bitcoin has been around quite a while in a circle of different communities and it is unlikely that the government will be able to stop it.

dado7

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I think the main advantages are: decentralization, free regulation of money supply and distribution, smart contracts (dealing with legislative issues) and smart platforms for investments in new technologies.

About decentralization you can find an interesting discussion we had here, check it out if you want: https://bitcointalksearch.org/topic/m.29392144

stevenwong2107

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For Government, they are protect of legal currency, if all use bitcoin, the government will loss their power of control the country and they will loss the administration ability. That's why they said no to bitcoin. Because bitcoin is cryptonym and decentration. Just this reason, in this range there are some project or person is scamer, so country give warning. Also in Bitcoin range the up and down is very huge, not just 10%-20%, it will huge mabye one day is 100% or 1000%, or oneday you will just loss about from 1 to 0.1 or 0.01, this is risk.

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