Topic: Fear of bitcoin - page 13. (Read 1894 times)
Knowledge is very important and weapon in all aspects. Through learning I have no fear about bitcoin because I understand all happenings occurs in bitcoin and I know what are the things needed to do.
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They are keen to keep people away so they can maintain the corrupt status quo that they have ongoing. If it wasn't enough to hurt your own population, now when they have an out you try take that away. Shame on you corrupt governments, Bitcoin will be the end of your existence!
Bitcoin excludes the possibility of corruption, if it will be not anonymous. So filthy officials wouldn't get their filthy money.
Government will need to accept to leave with bitcoin rather than leave in fear of Bitcoin. Things are changing fast and it is no more news that cryptocurrency has come to stay.
This being said, I think the rate at which money is leaving the banks nowadays is alarming. So many people now have over eighty percent of their deposit in cryptocurrencies which is seriously telling on the liquidity of the banks. I think this amounts to why the Government will want to try every means to subdue cryptocurrency.
Government will need to accept to leave with bitcoin rather than leave in fear of Bitcoin. Things are changing fast and it is no more news that cryptocurrency has come to stay.
Bitcoin is a fear because it earns lots of money and it is a banking system. If we are not careful, our bitcoin may be hacked at any time. So we can say Bitcoin is a fear.
As we all know governments are control seekers so they want to keep control on each and everything taking place in the country. On the other hand, Bitcoin is based on the blockchain technology which relies on the power of decentralization, it truly represents the democracy so I don't see any reason for governments to worry about it. If the government is concerned about the security of the users, it should inculcate the awareness about responsibilities while dealing with such new kind of technology.
I don't think government are afraid of crypto they are just caustious on using bitcoin because it can affects their current economy and they are warning people not to be involved in it because of its risk on getting their money through SCAM/Fraud ICO's out there. And they are regulating some of the exchanger(local) just to be newbie friendly in the bitcoin industry.
They just don't have the ability to control the price that is why they fear bitcoin because they cannot control and they cannot imposed tax easily as a lot of things to do and consider before they can imposed regulations on it. Some were afraid but still some were excited and open for this kind of opportunity.
Atleast I support this policy as I too want to het rid of this system
the reason people are afraid of bitcoin are those who are afraid to invest their money, they think their money will not come back.
The number one fear in bitcoin is to suffer in losses. If you don't have enough strategies on how to win, you will surely lose.
Like the status today of bitcoin, if you not really know on how to trade you will lose in trading. It is very hard from now to trade because of continuously dumping of all coins.
Like the status today of bitcoin, if you not really know on how to trade you will lose in trading. It is very hard from now to trade because of continuously dumping of all coins.
Governments are not able to track payments in bitcoins as anybody with out a proper identification can open up an account and make the transaction. goverment were wary of Bitcoin because of its potential use in illegal activities and money laundering.
I don't think government are afraid of crypto they are just caustious on using bitcoin because it can affects their current economy and they are warning people not to be involved in it because of its risk on getting their money through SCAM/Fraud ICO's out there. And they are regulating some of the exchanger(local) just to be newbie friendly in the bitcoin industry.
i think because Bitcoin hardly for control, and fee of change do not belong goverment.
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.
I dont think so that bitcoin is risky and dangerous because what i know it has many good features and you may get more benefit from it.I think you shold not be worried because bitcoin is a secure and have a strong security to protect your money. 
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.
It's not hat keen but government is giving warning to its citizen that bitcoin contains a high volatility and its either they are gonna win it or lose it, win-lose situation for all of us. Here in our country, the government are very supportive as they approach bitcoin in a positive way and planning to accept bitcoin as soon as possible and our banks are very great for this.
I think most governments are banning bitcoins to protect their own people.Main reason for this is most of deep web unauthorized activities are doing under the payments in bitcoins.
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.
I think you shuld not fear bitcoin because its has many good features and you can get many benefit from it.If youre worry about investing or saving money buddy take note bitcoin has a secure system that will protect any scammers doings .
because every government takes two things, the first is no chance to regulate the velocity of money. This is a problem for the country.
The latter feared the use of blockchain technology. This is a real danger, because many things in the country will be without cheating, chances are it's corruption.
The latter feared the use of blockchain technology. This is a real danger, because many things in the country will be without cheating, chances are it's corruption.
I have nothing to be fearful for. Bitcoin taught me to invest as much as I can afford to loose (just in case) I am confident and I wait for the price to go up
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