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Topic: Fear of bitcoin - page 11. (Read 1894 times)

jr. member
Activity: 88
Merit: 1
March 06, 2018, 02:19:09 AM
all fear in bitcoin mostly to all banking system and also the government. If the bank failed to adopt the bitcoin currency in their transaction this is treat for them but if they adopt the technology to their system no fear at all for bitcoin.
newbie
Activity: 67
Merit: 0
March 06, 2018, 12:54:57 AM
This is because the govt knows about threat to digital currencies when they are circulated in the net world
sr. member
Activity: 489
Merit: 250
March 05, 2018, 05:07:57 PM
Were all fear if the bitcoin has been lost, especially those people who have fear is anyineone who experience the benefits of a bitcoin, but hold on, we need to work until the bitcoin will arise someday maybe its possibility that the bitcoin can change our money those country also who accepted or legally in bitcoin. The reason why the poor can be rich if he really know the bitcoin forum for transaction... Smiley
sr. member
Activity: 489
Merit: 250
March 05, 2018, 05:07:41 PM
Were all fear if the bitcoin has been lost, especially those people who have fear is anyineone who experience the benefits of a bitcoin, but hold on, we need to work until the bitcoin will arise someday maybe its possibility that the bitcoin can change our money those country also who accepted or legally in bitcoin. The reason why the poor can be rich if he really know the bitcoin forum for transaction...
sr. member
Activity: 489
Merit: 250
March 05, 2018, 05:06:59 PM
Were all fear if the bitcoin has been lost, especially those people who have fear is anyineone who experience the benefits of a bitcoin, but hold on, we need to work until the bitcoin will arise someday maybe its possibility that the bitcoin can change our money those country also who accepted or legally in bitcoin. The reason why the poor can be rich if he really know the bitcoin forum for transaction... Smiley
member
Activity: 199
Merit: 10
March 05, 2018, 05:00:37 PM
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.

As we all know, governments are composed of corrupt politicians. Maybe because they cannot get a big amount of money since there isnt any charged tax in bitcoin. It is difficult for them to manipulate it.That is why they are against it and they say bitcoin is dangerous. That is why they are obsessed to make us believe that we should not invest in it. They want to eliminate bitcoin so that they could get alot of money from us.  Cry
full member
Activity: 364
Merit: 100
March 05, 2018, 04:54:28 PM
The government is just trying to protect its people from being scammed. In some countries despite the warnings from the government to citizens not to invest in Ponzi they went ahead to invest which many people later regretted their action, so the government is afraid that its people may be scammed as a result they are protecting the interest of her people.

Bitcoin is not a scam and governments are just corrupted that's why they are banning cryptocurrencies in other countries, another thing is that, government is also afraid of losing people to work on their companies.
full member
Activity: 350
Merit: 100
Join FlipNpik Telegram : t.me/flipnpikico
March 05, 2018, 04:47:00 PM
Because government wants to get a huge amount of tax from your hard earned money. And they dont want to see Banks struggle because of bicoin.
newbie
Activity: 169
Merit: 0
March 05, 2018, 04:38:47 PM
What is fear of bitcoin Huh?
of bitcoin we can work more independently and we get science about the world of investment for the future later.
as long as all are run with good intentions and positive, will definitely get good too.
fear is the LORD, and our parents.
jr. member
Activity: 162
Merit: 1
March 05, 2018, 03:51:42 PM
Some government are afraid of Bitcoin because they know they cannot control or manipulate it, they cannot demand taxes from it plus it is a great threat to the current baking, payment and all other financial system which are connected to the government or mostly people in the government.
newbie
Activity: 34
Merit: 0
March 05, 2018, 02:12:28 PM
Govt is just having precautious policy to abolish dark trades going on with the aid of btcs
hero member
Activity: 1098
Merit: 500
March 05, 2018, 02:08:52 PM
Bitcoin is a decentralized currency and that is what stops the government of various States from accepting bitcoin. They want to make it profitable, but bitcoin is not intended for that. It should simplify the lives of ordinary people in the first place.
newbie
Activity: 29
Merit: 0
March 05, 2018, 12:59:04 PM
The government is just trying to protect its people from being scammed. In some countries despite the warnings from the government to citizens not to invest in Ponzi they went ahead to invest which many people later regretted their action, so the government is afraid that its people may be scammed as a result they are protecting the interest of her people.
full member
Activity: 364
Merit: 100
March 05, 2018, 12:41:43 PM
Bitcoin is very changing the lives of people and even more so can change all the usual economic way of the state. Moreover, bitcoin cannot be controlled by the government, and the state cannot afford it because of security.  I understand this fear of bitcoin that way.
full member
Activity: 453
Merit: 100
March 05, 2018, 12:31:09 PM
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.

Bitcoin is not dangerous and indian government are already allowing their people to invest on cryptocurrency and it was said on the news. The reason why people are losing their profit is because of the volatility of the market which no one knows when it will increase or decrease so you should study the situation before investing.
You are right so nothing to fear about bitcoin nowadays as it is widely acceptable by almost all of the countries all over the world, we should be confident and proud that because of this we have this kind of forum created to unite by simply endorsing bitcoin and other crypto related concerns.
full member
Activity: 364
Merit: 100
Blockchain with VTOS energy
March 05, 2018, 12:21:13 PM
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.

Bitcoin is not dangerous and indian government are already allowing their people to invest on cryptocurrency and it was said on the news. The reason why people are losing their profit is because of the volatility of the market which no one knows when it will increase or decrease so you should study the situation before investing.
member
Activity: 434
Merit: 10
March 05, 2018, 12:20:22 PM
Bitcoin can completely change the economy of the whole country and leave banks without work, or simply reduce their number, which also has a very strong impact on the state.
member
Activity: 176
Merit: 15
March 05, 2018, 12:16:27 PM
All countries that have a centralized form of power are so only said. Because they can not win their bitcoins. Therefore, I try to get rid of it and protect smart citizens from using crypto currency
member
Activity: 395
Merit: 10
March 05, 2018, 11:49:20 AM
Because the government has not yet figured out how to manage bitcoin. It is decentralized and does not imply state intervention, but the government cannot allow it.
jr. member
Activity: 364
Merit: 3
GIGZI - INDEPENDENT WEALTH MANAGEMENT
March 04, 2018, 03:37:30 PM
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.
Actually governments fear that it affects the banking system, they wish people to pay their taxes, if they use bitcoin the tax will be avoided. Indian government had not opposed bitcoin rather encourage the underlying technology and the cryptos. The media is spreading the FUD, it seems more number of people are investing in bitcoin than before in India.

Because bitcoin is decentralized kind of currency the government fear that it can damaged the business of the banking and other financial institution because they cannot controlled it and demand for taxes to the government unlike the actual pyhsical currency that government can control of it.
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