Fear of bitcoin - page 19. | Bitcointalksearch.org

V-t.Ester

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Quote from: ronafurw on February 12, 2018, 01:55:15 AM

Quote from: tianok21 on February 03, 2018, 03:02:45 AM

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.

Governments have fears in bitcoin because they cannot control any transaction related on it. See, that bitcoin is decentralized and no one can manipulate transaction within. Meaning once bitcoin operate in one country or government the income from any transaction within has no any return to government. The fears of government in bitcoin tax free because any transaction in digital form within is untaxable and government cannot control it. Also the possibility the used of real money will circulated in one state once bitcoin is fully implemented in one government, that's why government are not favorable in bitcoin used.

It is not something to worry about if you are a professional, u just need to have patience in the field of business. Business is all about ups and downs, and if we look closely into it, this thing is teaching us a life lesson about how to react or behave when the ball is not in our court. There’s no need to worry about or to sell everything you have just because the market is down. We just need to tell ourselves can patience can do a lot of things, all we have to do is to give it a try.

Government can't control transactions of cryptocurrencies but they monitor the money turnover, phone calls, sites you visit, amount of electricity you use every month etc. It was a shock when on the third day after we bought and plumbed in two miners, we received sms from one of the national banks: "We want to buy your BTC"!

Pamela Jobelle

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For being decentralized the high price itself wherein people are really looking forward to learning 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. many of us are not that easy to trust especially if don't have any idea on what we are going to enter and most of all it is very difficult to trust an easy money transaction.

Pasadoble

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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.

It is difficult for them to control crypto, they are not adapted to it, so they try to spread negative atitude towards it.

yossijungle

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Sometimes they have the grudge to invest here in bitcoin it is because, bitcoin is a money to invest only in online grounds. They have a fear that bitcoin will be hacked anytime. But I suggest that you should read more here in this forum and get educated.

Usafstar

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If you have studied the crypto market then the fear will not be around you because if you have invested in many of the altcoins and bitcoin too then the you will not fear of the crypto it is good to hold it for the future now the time is good for buying bitcoin and the use of this currency is also good for the educated people of the world. it is a golden chance for us that the bitcoin price is bearable and we can make profit with this strategy to buy for the long term.

PIR

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CRYPTOBLADES Octoblades 10.10

Because bitcoin is decentralized they cannot control it and also because there are many investor and people are becoming more aware of bitcoin usage and planning to invest in it that they're losing their possible client and they will job become paralyzed.. however bitcoin should not be feared as something scam like what other thought or suspected of it.

CoffeyClement

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Because bitcoin is anonymous, the government can't regulate effectively. Bitcoin is not issued by India. They cannot control bitcoin and will affect the status of fiat currencies.

J Gambler

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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.

I think its because that some governments have been fearing that habing a population that supports kore a decentralized ceyptocurrency rsther than the ones that they are using could impact how their own currency is valued. However, with these fears come highlights that at least the government now has a knowldege that this exists and with some more information drive can understand it better

TomUyamot

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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.

Please make everything clear. India is not saying that their citizens should not invest in Bitcoin. That is not the exact words of the Indian person on the authority. What India is saying is for their citizens to be extra careful in investing in Bitcoin and crypto. That is very understandable and I guess every country is saying that line of caution. Governments are basically not in total favor of Bitcoin because it simply is outside their control.

India is in the inclination of regulating crypto, not to ban it.

ronafurw

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Quote from: tianok21 on February 03, 2018, 03:02:45 AM

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.

Governments have fears in bitcoin because they cannot control any transaction related on it. See, that bitcoin is decentralized and no one can manipulate transaction within. Meaning once bitcoin operate in one country or government the income from any transaction within has no any return to government. The fears of government in bitcoin tax free because any transaction in digital form within is untaxable and government cannot control it. Also the possibility the used of real money will circulated in one state once bitcoin is fully implemented in one government, that's why government are not favorable in bitcoin used.

It is not something to worry about if you are a professional, u just need to have patience in the field of business. Business is all about ups and downs, and if we look closely into it, this thing is teaching us a life lesson about how to react or behave when the ball is not in our court. There’s no need to worry about or to sell everything you have just because the market is down. We just need to tell ourselves can patience can do a lot of things, all we have to do is to give it a try.

yj300316

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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.

why not invest in bitcoin ? bitcoin has low supply,
it will increase as the time passed by with the demands.
their logic is wrong.

amwer

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One such scene is said of some of Bitcoin's weaknesses, although it is not clear how the loss of 51% of attacks. Many of the community are afraid that it will hit the digital currency effectively, others think that it will only reduce the public trust in bitcoin and the price will be reduced. There is a bad scenario for encouragement, and so Bitcoin was just as close to receiving 47% hashing as a singer in the digital.

cryptothreads

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Quote from: Heyyyrenz on February 07, 2018, 07:17:27 AM

There are some positives and negatives about bitcoin but it depends in the perspective of the country but i think in the case of india they saw the bitcoin as a threat to their economy and it may affect the growth of their economy. So here are my ideas why a certain country ban bitcoin or won't let the bitcoin goes to their country.

1. It can be used to illegal works such as to hire, buy illegal drugs or guns, etc.
2. It can be used to money laundering.
3. The local banks will end in bankruptcy (since lot of user will going to use bitcoin)
4. The government can't put taxes to the workers of the cryptocurrency industry.
5. The deepweb or blackmarket may become powerful.

We can't blame the government because of it, it may really affect the economy and it's better to resolve it early before the government can't control it right?

I have the same opinion with you. The governments banned bitcoins because they wanted their country to be developed and peaceful. They do not want any wrongdoing in their country.
Although developed countries block the bitcoin and affect our economy, it is justified. I fear that in the future there will be more countries banned bitcoin and the crypto market will be devastated.

GardenChristian

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Attitudes towards bitcoin are different in different countries, and some countries are friendly to bitcoin, such as Japan.
But there are also countries that don't like bitcoin, such as China, India, Russia and so on.

Heyyyrenz

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There are some positives and negatives about bitcoin but it depends in the perspective of the country but i think in the case of india they saw the bitcoin as a threat to their economy and it may affect the growth of their economy. So here are my ideas why a certain country ban bitcoin or won't let the bitcoin goes to their country.

1. It can be used to illegal works such as to hire, buy illegal drugs or guns, etc.
2. It can be used to money laundering.
3. The local banks will end in bankruptcy (since lot of user will going to use bitcoin)
4. The government can't put taxes to the workers of the cryptocurrency industry.
5. The deepweb or blackmarket may become powerful.

We can't blame the government because of it, it may really affect the economy and it's better to resolve it early before the government can't control it right?

sacred32700

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Many people are afraid to use bitcoin because they think that is risky to open,find and using it, but bitcoin can change a persons life if they have a lot of patience.

signalbitbot

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The government does not benefit from bitcoin, since it cannot be controlled ...

Krispin47

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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.

Cryptocurrency has dozens of functions that can help the economy get better, But because there are a few shortcomings that can be used as a means of illegal acts, all those functions seem faded to them, so they only focus on the weakness.

gakadem

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No success in a short time

we do not have to worry about india, because even without india bitcoin will still exist Tongue

and every country has its own rules, lucky my country receives bitcoin well
there is no ban on investment in my country, the government only appealed, if bitcoin is a high risk investment
that is it

tianok21

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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.

Governments have fears in bitcoin because they cannot control any transaction related on it. See, that bitcoin is decentralized and no one can manipulate transaction within. Meaning once bitcoin operate in one country or government the income from any transaction within has no any return to government. The fears of government in bitcoin tax free because any transaction in digital form within is untaxable and government cannot control it. Also the possibility the used of real money will circulated in one state once bitcoin is fully implemented in one government, that's why government are not favorable in bitcoin used.

Topic: Fear of bitcoin - page 19. (Read 1892 times)