Bitcoin being decentralized and out of their reach and control is ruining all of the plans that they had been running. bitcoin is giving the people an option to get out of the control of the government and the evil banking system of India and they don't want to let it happen.
This is money, so you can control everything if you have money you can use it to GAIN power, i think they also banned bitcoin in some country because it's not good in their economy like china that leave crypto this year and it's give crypto so much impact in price like it down by 20%,we know china in good to do a business so think why they leave crypto because they can't earn here in crypto that's all.
Topic: Fear of bitcoin (Read 1894 times)
the government's fear of bitcoin is the ease of transactions and the speed of transactions using bitcoin, thus allowing illegal transactions such as illegal arms purchases, to money laundering.
First of all, they think it is illegal because of some gossips they heard from a very negative person and has a lack of knowledge about bitcoin. Some are thinking about scammers and hackers, they can not be hack or scam if they know how to keep their coins and how to protect it.
Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
Well, I don't think we should ever make a big deal out of government pronouncements about Bitcoin. Either they are only playing their role well or they do not really know much about Bitcoin. Which simply means, their pronouncements count to nothing really. On the other hand, Bitcoin's value is increasing as ever. Now it would be up to you to follow the governments or make some money while using the best currency.
Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
perhaps the government is afraid the bank will falter, because almost all banks have taxes.
while Bitcoin when conducting transactions without a third party or tax.
but the Bank can also emulate Blockchain's network technology as their transaction, but in real terms now the government is still unstable to take a chance.
The value of bitcoin only the fear factor of bitcoin. Because the bitcoin value is fluctuation. The value will change
Those who are afraid of bitcoin are certainly unhappy with the change, this certainly makes them think that the presence of bitcoin will bring difficulties, let alone the growing number of media that preach about negative bitcoin so that people are afraid of bitcoin.
It is normal for us to have fear because some of the people have positive and begative issue on the BTC. It is too risky to invest to BTC so for me if you have fear in BTC it is normal because we cannot remove it from our mind the fear of thinking in BTC. Some have fear because it is too risky, we cannot see it because it is a digital money. Someone can hacked our BTC and many more.
The fear of bitcoin is similar to the fear of losing. People are afraid of losing something important like money. Investing is a risk and when you invest in bitcoin they see it as losing. Just like they said fear of the unknown. Most of the people still isn't familiar to bitcoin and cryptocurrency and thus they don't know the benefit of it to us. That is why they forbid some people to invest in it and also some government fear that bitcoin will replace the system that they have,they are afraid to change even though that change is for the better.
because each government shave two things. the first - the absence of opportunities to regulate money turnover. this is a problem for the state, money Institute of one of the most important for the formation of cash relationships within the state. the second - fear the use of technology blockchain. this is a real danger, because many things in the state will be without fraud. possibility of corruption - is that what are in the power of
What about fear of bitcoin? Do you mean the price of it? I am not worrying about it. I just have patience to wait so i am confidently saying that bitcoin can come back to its high price as you can see as of now. Fear about the price is not a problem because dumping is normal. We all know that bitcoin value is volatile. 
Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
Because of the fear of the unknown. People fear what they do not know. So I think the solution would be to educate people about bitcoin. Another reason is that they fear bitcoin, especially the government, because they fear what they cannot control. The government also give importance to their currency and if bitcoin is to be used, the qmount of circulating currency will decrease that can result to its lost.
in a country there is the value of their own currency, and issued by the bank, then the process is the government.
behind the ban or appeal to its citizens about bitcoin and other investments, it is the state's attempt to provide protection for the free market and maintain economic stability, and that makes sense to the state because it involves the economy of many people.
behind the ban or appeal to its citizens about bitcoin and other investments, it is the state's attempt to provide protection for the free market and maintain economic stability, and that makes sense to the state because it involves the economy of many people.
Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
because bitcoin grows out of control, and bitcoin can not be set by one person / company / country to be in control. bitcoin belongs to everyone. there is no institution that regulates it. so the financial system of the bank feels a big rival. how about when everyone takes his money in the bank and invests in bitcoin.? then the bank will be destroyed.
With the presence of bitcoin in a country will result in reduced circulating currency of the country that will lead to economic crisis that is where the amount of goods in circulation does not match the amount of money used.
The extraordinary rise in the value of Bitcoin and other cryptocurrencies has led many people to worry that this market is a giant bubble. The Internal Revenue Service estimates that it loses around $500 billion annually because of unreported wages alone so every body is afraid of losing what they have all invest .
Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
Some government and prominent individual in the economy fears cryptocurrency because they have no control or direct influence to it even though they try to join. Bitcoin is for the equal, free, and anonymous use of finance. This innovation gives us a sense of being fair because we can choose to have transactions without worrying other people finding out our financial status.
Bitcoin itself and the reaction of governments to it is a pointer to governments who are really progressive about the liberation of their people or governments who would stop at nothing to continue to enslave their people economically, and i think they are currently in the majority.
Many governments just don't know what to do with bitcoins and people who using it. The easiest way to solve any problem is ban bitcoin and everything asossiated with bitcoin.
I kind of agree with you that it's easier to beat bitcoin, but the reason is completely different! I'm sure everyone understands how problematic may be bitcoin for the financial system!
Well it they own opinion about bitcoin because everyone is entitled to his/her own opinion even government but the truth still remains that bitcoin is here to offer they citizens the option of having a secondary currency and the choice of having a second currency which is different from they traditional currency which will double as an assets and an investment platform.
governments cannot control bitcoin and therefore try to limit it.
Jump to: