Fear of bitcoin - page 2. | Bitcointalksearch.org

Jupeter

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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.

Fake news in social media networks is so popular is this so I think they know things about big coin that is wrong and fake so they warned their people to be careful about bitcoin. So maybe if they will be informed about every single thing in bitcoin maybe their views will change somehow

Crazygreek

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Many governments just don't know what to do with bitcoins and people who using it. The easiest way to solve any problem is ban bitcoin and everything asossiated with bitcoin.

vitsexy

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in my opinion, why every country has a different policy about bitcoin, in fact it's all the fear of fonzy or other fraudulent forms, because in the crypto world no one is responsible, to be honest to go back to his or her humans each whether the crypto world this is beneficial or disadvantageous

Crowdsale.network

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Bitcoin is independent from any central bank or any sort of manipulation by any government on the planet. People who use and create Bitcoin are those who are in charge of its future. Now, people have an alternative. They can store value or trade with it without any control of the elite parts of the global society. That means no more exploitative financial institutions leveraging exorbitant fees on every monetary action we take. That means no corrupt, violent, and oppressive central governments dictating the supply of money and literally printing as much or as little as they see fit. Bitcoin empowers the working people of the globe to take back the control of their lives from the elite ruling class of bankers.

worldsuccess01

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Quote from: magicmeyk on December 30, 2017, 09:34:20 AM

Because the government is just cautious and only wants to protect the interest of their people that bitcoin might be a big scam.

Yes, because bitcoin is very expensive and we don't when it rise or falls.

dedens212

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Because the government is afraid of a surge in the price of a bitcoin digital currency so-called bubble spikes or price bubbles dangerous. The bubble of the bitcoin currency value is anticipated by some banks, because it has a major impact on financial stability. This too high value can pose a high risk to the economic crisis if its value suddenly moves down. Because the exchange rate this currency is very volatile, so potentially harm the consumer. In addition there is a fear of being hacked, so this causes a loss for the owner of the currency without any clarity of the guarantee of refunds.

thegreatdodoy

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Quote from: Core.BUSTER on April 23, 2018, 11:43:22 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.

That is so sad and awful in my opinion because I know bitcoin users and investors from India. I really hope that all governments will finally accept bitcoin and the whole cryptocurrency. So it will be helpful if we help the public to understand what cryptocurrency is and how far it is from the scams that are ruining the system. All those false news are just mere propaganda to put dirt in our community so that the public will see us bad. I hope this will end soon.

Yes, It's hard to invest today in bitcoin because until now theres no sign of market price stability.

Core.BUSTER

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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.

That is so sad and awful in my opinion because I know bitcoin users and investors from India. I really hope that all governments will finally accept bitcoin and the whole cryptocurrency. So it will be helpful if we help the public to understand what cryptocurrency is and how far it is from the scams that are ruining the system. All those false news are just mere propaganda to put dirt in our community so that the public will see us bad. I hope this will end soon.

TricksterX

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yes we all know that, bank was fear of tech blockchain

Nyenyepogi

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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.

Fear of doing bitcoin. Those people who are feeling like that is those who are not yet knowledgeable with the use of bitcoin .In some case it may lead to fear if some of them used bitcoin for criminal act. More people will become affected about this.

kobratuz

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There are some reasons for government think bitcoin dangerous such as their think it's effect on their country economy development & also effect on banking system etc

calum holding25

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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.

Afinity26

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I think the reason why is as if, some people in some countries are afraid in investing in Bitcoin is because they see Bitcoin as online currency that can crash and stop being useful at any given time. However, in the case of government of a country warning their citizen to stay away from Bitcoin, that is because they think is scam and it can affect their local banking activities

boddy.dy

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The government of India wants to tell the people on their place to remind that investing into bitcoin or to the others altcoin is too risky. They can’t solve the problems regarding on this matter. We know the bitcoin can be a tool for a different kind of illegal transaction. That why government fears on the bitcoin they want to manipulate it.

heidikarenina

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Some government think bitcoin is scheme or illegal, because bitcoin is decentralized and they don't have power to control it. The government fear that people will no longer patronize their own currency and start to evade taxes since bitcoin is tax free. That's why some country banned it.

Zanneti

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many factors or things related to bitcoin, I think this includes one political factor. maybe this could be one of the tricks to weaken the bitcoin there and there is another purpose behind all this.

kodtycoon

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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 government simply does not want its citizens to be fooled by the ICO scam project, therefore the government only advises its citizens not to invest in bitcoins and does not prohibit to use bitcon. With so many people who have been tricked into investing in an ICO scam project, it has a very bad impact on cryptocurrency.

jayveerastrullo

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There are people who really wants to have or join bitcoin but they are scared because there are people who uses as scam. They should search and read about what is bitcoin.

surbanaB

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Buy, sell and store real cryptocurrencies

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.

In my point of view, I think that most of governments foremost don’t have knowledge about cryptocurrency. Besides, probably they don’t get any benefit when most people are getting into cryptocurrency with no tax. What more, we all know that bitcoin is decentralized and also notoriously anonymous, it’s more likely to get scam.Recently, the rumour of banning bitcoin is in many countries. But I believe that no matter what they do, they will never prevent anyone from using bitcoin.

adadaorlina

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For me the reason for this fear of Bitcoin is because, there's money involved. But its normal for us to fear on bitcoin, but we have to overcome our fear to make a profit. 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

Topic: Fear of bitcoin - page 2. (Read 1892 times)