Continue believing in Bitcoin when the government says not to? - page 3.

felipe04

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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?!

Actually the popularity of digital currency is bad for bank because think if we can save our own money here with no fees at all not like bank that you need to pay atleast a little so still there's a fees

But better to do is to save money in bank and here in crypto wallet also for more good

Here in my country they help each other company in their business to earn and we have digital wallet and for our own money wallet too

surfinonmyownwavebaby

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Decentralized Ecosystem for User-Generated Content

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

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?!

Firstly the reason above should be enough to believe in Bitcoin because privacy is something that should be sacred to each human. We shouldn't have to sacrifice that just because there are a couple of bad actors out there. We shouldn't have to submit ourselves to KYC and AML just because there some terrorists and bad people out there. Another big reason for you to believe in Bitcoin is that it will give the rest of the world who has never had a chance at banking, for the first time they will be included in the system. If that isn't something magical, I don't know what is.

First77

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

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?!

In 2012, there were lots of talks about "Buy 1 ounce silver. End the Fed". Then Silver price crashed from $50/ounce to $9/ounce.

pentol86

sr. member

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Borderless for People, Frictionless for Banks

whether or not this crypto, the bank can rob your money. so crypto actually not same line with banks, different process, but same result, and i dont know why some banks denied crypto

Deddy_Kazekage

member

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Yes .. because I believe the Government does not prohibit about Bitcoin .. but the Government only takes time to receive Bitcoin ..

jseverson

hero member

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

They say as cryptocurrencies are highly volatile, one could go in great debt as reaching unprecedented heights is not promised to anyone.

Your statement here is true though. Bitconnect was outed as a ponzi, but it was regarded by many as a legitimate cryptocurrency prior to that. How many people lost their life savings in that? I'm not saying all cryptos are ponzis, of course, but even if you had put money in that, but did it responsibly, then you shouldn't have any problems in the long run. I do believe most entities have hidden agendas in opposing crypto, but the warnings are likely there in part to encourage responsible behavior.

Either way, you shouldn't listen to anyone blindly. Governments have been known to be dishonest at times.

kurdapyo

newbie

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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

Derek86

newbie

Activity: 75

Merit: 0

I think one cannot stop the revolution, they will join the game. These news about risk of up and down only gives chance to government and agencies entering the market with cheep prices

Herbert2020

legendary

Activity: 1946

Merit: 1137

don't confuse warnings with full on opposition.

it is logical to give warnings about cryptocurrencies and encourage people to invest more responsibly. all the countries have already given such warnings because people have been getting reckless and were taking huge risks, for example using their credit cards and maxing them out to buy bitcoin.

but going against bitcoin, banning it,... and generally any FUD is a different story. it is not something you should follow. you should stop believing in your government if they do something like that, and maybe they need to be changed if they are setting laws that are against what you believe in...

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

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.

Fazlurkhan.kz

full member

Activity: 266

Merit: 114

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?!

Topic: Continue believing in Bitcoin when the government says not to? - page 3. (Read 472 times)