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Topic: Fear of bitcoin - page 12. (Read 1894 times)

full member
Activity: 296
Merit: 100
March 04, 2018, 03:22:25 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.
sr. member
Activity: 1071
Merit: 253
March 04, 2018, 03:00:38 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.

probably because they cannot control it like a fiat money.(tax control, money flows, etc.) Btc made revolution during 2009 but nowadays there are more anonymous coins (like monero, verge). Banks state that it is dangerous to invest in crypto (maybe they are just concerned for their own future). Grin
Banking sector is the real enemy of the market of the crypto currency because they have a clash of interest with them, now with no disrespect to the banking sectors from my side, the news which emerge from the banking side seems to be demoralizing and discouraging for the investors and the reason behind this is that they have already lost more than 600 billion dollars to crypto currency. My advice is better to stay calm and trust the bitcoin.
newbie
Activity: 121
Merit: 0
March 04, 2018, 05:24:58 AM
Bitcoin excludes the possibility of corruption, if it will be not anonymous. So filthy officials wouldn't get their filthy money.



Yes i think its true. Bitcoin cannot been controled by anyone so no one can handle and manipulate the price of bitcoin. And bitcoin will be free to pump and dump its price. And also bitcoin helps people who dont have money to start investing. Bitcointalk forum helps you to start getting bitcoins.
member
Activity: 294
Merit: 10
March 04, 2018, 05:05:53 AM
Fearful of bitcoin?
What to fear?
Fear of missing bitcoin? That's not possible because bitcoin is currently the best asset to invest in and bitcoin has helped the economy of people. Smiley
newbie
Activity: 70
Merit: 0
March 04, 2018, 04:39:24 AM
You will not endorse a product if do you have thorough knowledge about it, you will not put your name on the line knowing that in the end  there is a possibility you will be compromise. You will not go into an isolated tourist area if there is no tourist guide. Stepping or starting something without a background on it is dangerous because you don't know what you might be dealing with thus some fear bitcoin because the anonymity of its nature. You will not win if you are not willing to gamble. The government does not encourage its citizen to participate in Bitcoin simply because they don't have full control and access on it.
sr. member
Activity: 812
Merit: 253
March 04, 2018, 04:25:06 AM
Since Bitcoin is sent anonymously or is untraceable, some governments are afraid it might be used illegally. They are just trying to protect the country that’s why they are fearful. And many people have just come to know Bitcoin, it is quite possible terrorist might use it.
sr. member
Activity: 504
Merit: 252
March 04, 2018, 04:21:34 AM
Because bitcoin is decentralized and anonymous. That's one of the reason why some governments are against of bitcoin in fears that it can be used to evade taxes, plunder money and used by criminals and other organization to fund for terrorism.
2 features that are anonymous and decentralized are things against the state so it is natural that many countries banned bitcoin, other than used for crime bitcoin crime will be used for money laundering crime so that the corrupt keep if save in bitcoin.
member
Activity: 294
Merit: 11
March 04, 2018, 04:15:38 AM
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 ban Bitcoin because there's no implemented rules and regulations so that the investors are protected and safe. That's why we really need the initiative of regulators to implement such rules because Bitcoin can really help our nations to improve their living and making lives better. I hope that someday the Government will see the benefits that it will really reduce the poverty rate.
full member
Activity: 518
Merit: 101
March 04, 2018, 03:56:42 AM
Because bitcoin is decentralized and anonymous. That's one of the reason why some governments are against of bitcoin in fears that it can be used to evade taxes, plunder money and used by criminals and other organization to fund for terrorism.
newbie
Activity: 154
Merit: 0
March 04, 2018, 03:19:20 AM
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.

The Indian government is not saying that people should not invest in Bitcoin. This is another misunderstood statement that will only spread another FUD that is based on something that is not at all true. India is even saying that Bitcoin and crypto is allowed to continue existing in their countries. But people should not invest into it immediately if they have not yet done the necessary studying and analysis about its advantages and disadvantages. This is not what you are saying here.


Fear triggers to something you don't know what will happen. As Bitcoin exist in the thin air and unknown makes as fear to try about this new cryptocurrency. But through proper education about Bitcoin fear would be eliminated. We also fear Bitcoin might vanish like a bubble in the air. Eliminating fear and show the world how Bitcoin really works to have more people supporting it is the best way Bitcoin last.
sr. member
Activity: 630
Merit: 251
March 04, 2018, 03:14:08 AM
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 those governments are not economically stable and does not want cryptocurrencies to ruin their economic status. The effect of crypto in a country can either increase the value of its money or just quicky turn it into a paper money. That is why some government post threats about the crypto even though there are exaggerations so that the ignorant people will believe them quickly.
sr. member
Activity: 567
Merit: 250
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March 04, 2018, 03:11:11 AM
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.

The Indian government is not saying that people should not invest in Bitcoin. This is another misunderstood statement that will only spread another FUD that is based on something that is not at all true. India is even saying that Bitcoin and crypto is allowed to continue existing in their countries. But people should not invest into it immediately if they have not yet done the necessary studying and analysis about its advantages and disadvantages. This is not what you are saying here.
member
Activity: 132
Merit: 10
March 04, 2018, 03:03:34 AM
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.
For me my fear for bitcoin if the value will goes down and turns into negative value.But I know It will never been happened especially now that I'm feel that the the value of bitcoin was started to grow again and make it normal.
sr. member
Activity: 700
Merit: 252
March 04, 2018, 02:47:43 AM
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.

probably because they cannot control it like a fiat money.(tax control, money flows, etc.) Btc made revolution during 2009 but nowadays there are more anonymous coins (like monero, verge). Banks state that it is dangerous to invest in crypto (maybe they are just concerned for their own future). Grin
sr. member
Activity: 588
Merit: 256
March 04, 2018, 02:39:05 AM
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 fully controlled by the government, so most countries urge people not to invest in bitcoin because bitcoin values ​​are so fluctuating, we could lose the money we invested in bitcoin if bitcoin prices drop dramatically. other than that bitcoin has an intangible nature, therefore the government can not give responsibility to people who invest in bitcoin.
member
Activity: 224
Merit: 10
March 02, 2018, 02:44:32 PM
The main fear is that crypto currency is not ligal. Today we have crypto currency but who knows tommorow we won't see crypto currency.
newbie
Activity: 11
Merit: 0
March 02, 2018, 02:42:28 PM
There can be different reasons , they may not fully understand what it is . Or they are scared that it will bring down the banking system. But some country's speak positive about bitcoin , so i have good hopes for the future.
The only reasons why we fear in bitcoin is because they were not ready to decline the value of bitcoin in the crypto currency society. Other than that there's no other reason to scared in bitcoin because we all know that in the future their value were raised up again and they were recover the amount we lost.
jr. member
Activity: 80
Merit: 2
March 02, 2018, 02:38:17 PM
What do you think about the query schedule for the last 5 years?  Roll Eyes
https://trends.google.ru/trends/explore?date=today%205-y&q=bitcoin

https://clip2net.com/s/3SlOcKZ
member
Activity: 224
Merit: 10
March 02, 2018, 02:35:18 PM
The biggest and the only fear of bitcoin is that it might not banned by government and this is the only reason government keeps on notifying citizens not to invest into BTC.
sr. member
Activity: 350
Merit: 250
- "Bitcore (BTX) - Airdrops every Monday"
March 02, 2018, 02:29:20 PM
There can be different reasons , they may not fully understand what it is . Or they are scared that it will bring down the banking system. But some country's speak positive about bitcoin , so i have good hopes for the future.
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