Fear of bitcoin - page 15. | Bitcointalksearch.org

btc_angela

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Quote from: santieevanz on February 27, 2018, 09:29:25 PM

Quote from: projectshivom on December 30, 2017, 06:30:29 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.

Indian government is just a concern to their citizens because they don't want them to lose a huge amount of money just because of investing. The reason they come up with that perception was because of the sudden drop-in value of bitcoin. Bitcoin isn't dangerous, it's the method or process that people did. The government of India only warns their citizen for the sake of an individual, but the decision is up to them.

But if you look at how countries which is anti bitcoin or crypto's like China, for them it if so disruptive but on the other hand, if they would just look at it, their citizens are the one benefiting from the crypto boom, its either to made tons of money or lost a lot.

So for me, its really up to us, how we handle our investments and no government should interfere with that. If we lost, then so be if, we didn't done our homework and research. Its all our fault. I don't like government interfering, and saying that they are going to protect their citizens. Its total bullshit. They are just using it as an excuse to really curb out crypto.

santieevanz

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Quote from: projectshivom on December 30, 2017, 06:30:29 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.

Indian government is just a concern to their citizens because they don't want them to lose a huge amount of money just because of investing. The reason they come up with that perception was because of the sudden drop-in value of bitcoin. Bitcoin isn't dangerous, it's the method or process that people did. The government of India only warns their citizen for the sake of an individual, but the decision is up to them.

Jaya912

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Quote from: Aryanto28 on February 26, 2018, 09:35:20 PM

Quote from: projectshivom on December 30, 2017, 06:30:29 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 the unofficial bitcoin as a legal means of payment so that the government is worried it will be made as a crime in the country. and the government may also appeal to investors who invest in bitcoin so as not to overdo it because bitcoin prices are not stable and are worried about losses. but actually it is a self-choice to invest in bitcoin means to be ready to win whatever happens.

this statement form government side. they said that volatile price is the first reason why government not support their citizens to buy or hold bitcoin and also other cypto.
but others said, the reason is not that but more about control. government can not control it so thats why they dont support bitcoin.

Flickkk

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Quote from: projectshivom on December 30, 2017, 06:30:29 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.

They are scared of investing it because they believe that bitcoin will pop soon like a bubble .
even tho the price of the bitcoin is favorable they still scared on Intangible investing or on some cryptocurrency

Maryverycool

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Quote from: projectshivom on December 30, 2017, 06:30:29 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 reluctant to accept new technology, and they are influenced by traditional ideas and believe that bitcoin is a hoax without understanding bitcoin. They worry that bitcoin is affecting their domestic economy.

TheROBER

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Don't have any idea regarding this as I am a newbie myself.

Andria123

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Everybody is have a attitude of fear but in terms in bitcoin we should not afraid of it or fear of bitcoin,why my first reason is before you enter or join here in bitcoin you should know all the ideas and underdtand what bitcoin it is,bitcoin is have a good influence of us it can help our needs and have a community investment benefits

Webberson

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One of the major reasons why people are afraid and skeptical about bitcoin, is the fact that it has not been accepted by the government, which in turn has been made illegal and banned in some countries and has at the same time limited the usage of the currency.

Pamela Jobelle

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high price itself wherein people are really looking forward to learn how to earn and use bitcoin.With this,the government might fear that people will no longer patronize their own currency and start to evade taxes since bitcoin is tax-free.But that is too far to be possible because most of the establishments today still prefer to accept fiat currency than paying with bitcoin,although some shops are accepting it already.

LifeSunder

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The government is afraid anonymity of the crypto currency due to the fact that fraudsters use it.

sanjay6121

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there are many news about the bitcoin some are positive and some are negative. main reason is lack of knowledge. people are not aware about the investment benefits they will get by trading in bitcoin. instead of banning countries must run awareness campaign for proper guidance for bitcoin.

Aryanto28

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Quote from: projectshivom on December 30, 2017, 06:30:29 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 the unofficial bitcoin as a legal means of payment so that the government is worried it will be made as a crime in the country. and the government may also appeal to investors who invest in bitcoin so as not to overdo it because bitcoin prices are not stable and are worried about losses. but actually it is a self-choice to invest in bitcoin means to be ready to win whatever happens.

khemajayo

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Its a normal warning formally given by any government about new economic schemes or currencies.Bitcoin is decentralized too and pseudo anonymous.So,we could easily understand government's concern over allowing such new currencies.it is volatile too.They have the duty to protect every citizen from any scams.

Unlike the government that supports it, they are a government that deserves thumbs up for thinking ahead. And it is evident, that they will advance ahead of the others.

silent17

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Quote from: micher143 on February 26, 2018, 05:48:20 PM

Quote from: Shu1llerr on December 30, 2017, 07:41:50 AM

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

That is the reality on the system of government most of the countries have. Some of the corrupt leaders want to handle Bitcoin or to even manage it's transaction from them to have a partial money on it where they could earn in each transaction of the Bitcoin users have. So power is really a relentless thing to have and to control.

If they wanted to be apart or to handle the Bitcoin, why do they organize or create their own mining, So that they will gain some part of the bitcoin they are worried about. Cheesy

First77

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Quote from: simpleholmes on February 26, 2018, 05:33:44 PM

because lots of investors in crypto world are uneducated fellas and the majority are very vulnerable to lose money and shift it to whales and experienced traders.

Bitcoin $9,500 and Gold $1350/ounce. People are not that stupid/idiots.

fishball

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Quote from: projectshivom on December 30, 2017, 06:30:29 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.

They are terrified because bitcoin has really a high chance of ruling the currencies around the world since a lot of people now are into it.

micher143

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Quote from: Shu1llerr on December 30, 2017, 07:41:50 AM

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

That is the reality on the system of government most of the countries have. Some of the corrupt leaders want to handle Bitcoin or to even manage it's transaction from them to have a partial money on it where they could earn in each transaction of the Bitcoin users have. So power is really a relentless thing to have and to control.

mrcash02

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Quote from: mast3rm1nd on February 26, 2018, 05:18:52 PM

bitcoin tried to combat banks and the banking system by keeping everything decentralized, government is corrupt by banking system and there for it fights bitcoin.

Banks + governments = mafious organizations. They only worry about their personal results. Governments are temporary and they know without results (at least theorical results on the spreadsheet) they won't survive on the political environment for much time. They want people depending on them to survive and Bitcoin gives the opposite to people, their independence.

Banks and assistentialism become worthless with Bitcoin, so they are too worry to become worthless on their countries and to lose all the benefits they have controlling the nations. They fear the superior caste doesn't exist anymore...

simpleholmes

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because lots of investors in crypto world are uneducated fellas and the majority are very vulnerable to lose money and shift it to whales and experienced traders.

mast3rm1nd

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bitcoin tried to combat banks and the banking system by keeping everything decentralized, government is corrupt by banking system and there for it fights bitcoin.

Topic: Fear of bitcoin - page 15. (Read 1892 times)