Topic: Fear of bitcoin - page 20. (Read 1892 times)
the fear of bitcoin is when bitcoin values go down and make worries moreover if bitcoin decreases drastically it's very worrying
Well we cannot deny the fact that there are a lot of scammers out there using the name of Bitcoin to take advantage of other people, so partly, the government needs to give warnings and notice to public about it. But my take on this fear of different government and banks about Bitcoin is, this is something that they cannot control that's why as much as possible they are discouraging people to use it.
For me in bitcoin i dont have any fear its because bitcoin last until now since then.So why should i feel fear? Based on my experience also in bitcoin it is good and i cannot feel any fear because of the good experience that i have.
In my opinion, bitcoin is harmless because all forms of crime are not just from the presence of bitcoin in the sense that some crime can be done in any way such as using real money or something else. so I think the size for the malicious words is not appropriate when it comes to bitcoin. I think of course it will be back on each individual. so what I mean is what they will do with the presence of bitcoin whether we will do something positive or negative because I think there are many benefits that can be felt from bitcoin.
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 Since Bitcoin is a decentralized virtual currency so that it can't be controlled by any authority or government, another thing is, Bitcoin is becoming more popular than conventional banking system or capital market, that's why people are getting engaged in this platform day by day. Naturally, every government wants to suggest people using a centralized currency that would be regulated, in this way, some countries government doesn't support Bitcoin platform for their population. On the other hand, Bitcoin doesn't require any income tax or fee so that government is becoming deprived of gaining tax. one thing we can consider for a reason that Bitcoin is being replaced by the traditional banking system. so that it's becoming popular more and more. that's why they are afraid of Bitcoin revolution.
It is because some countries, they think that it is a threat to their banking system and economy. It has no tax and it is transparent. No government agencies can control it since it is decentralized. But here in the Philippines, the Bangko Sentral ng Pilipinas (BSP) is now looking at regulating the bitcoin. The BSP Deputy Governor said in aninterview that currently, with the developments, they might consider regulating the bitcoin. And it was perhaps a good news.
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.
Government see bitcoin as a threat specially to its income tax return plus being decentralized and uncontrolled by them is enough reason for them to stop it. The government wants to control everything within their grasps plus they just always fear the unknown, we all know hear that the danger does not come from bitcoin but from other people who choses to scam which they always do not just in cryptocurrencies but to every thing they can exploit too.
I think nothing should be frightened with bitcoin because it helps greatly as I and others want to grow and earn.It is different because they are scared because they have a bitcoin scam or they already have a bit of bitcoin.Bitcoin is a good asset and good oppurtunity for me.
There some people fear about bitcoin. Somebody says that bitcoin is similar to scam. But for me, bitcoin helps more satisfaction to every bitcoiner in terms of assets and profits. So, we don't need to fear about bitcoin.
Now, Not only are they concerned about the damage Bitcoin can bring to the banks, they are afraid of the economic fluctuations that Bitcoin brings to their country. This has led many governments to stop and prohibit Bitcoin investment
There some people fear about bitcoin. Somebody says that bitcoin is similar to scam. But for me, bitcoin helps more satisfaction to every bitcoiner in terms of assets and profits. So, we don't need to fear about bitcoin.
Now, Not only are they concerned about the damage Bitcoin can bring to the banks, they are afraid of the economic fluctuations that Bitcoin brings to their country. This has led many governments to stop and prohibit Bitcoin investment
I think fear of bitcoin is to be gone because bitcoin is very helpful of people who needs extra money.other people or government say bitcoin is scam but for me i think that is not true because many people become rich with investing a bitcoin and other hold it in longterm way if bitcoin scam why people trust it bitcoin?because of bitcoin is trusted and good for investing.it depend of your strateGy if you tryed to scam.
I think nothing should be frightened with bitcoin because it helps greatly as I and others want to grow and earn.It is different because they are scared because they have a bitcoin scam or they already have a bit of bitcoin.Bitcoin is a good asset and good oppurtunity for me.
There some people fear about bitcoin. Somebody says that bitcoin is similar to scam. But for me, bitcoin helps more satisfaction to every bitcoiner in terms of assets and profits. So, we don't need to fear about bitcoin.
Now, Not only are they concerned about the damage Bitcoin can bring to the banks, they are afraid of the economic fluctuations that Bitcoin brings to their country. This has led many governments to stop and prohibit Bitcoin investment
There some people fear about bitcoin. Somebody says that bitcoin is similar to scam. But for me, bitcoin helps more satisfaction to every bitcoiner in terms of assets and profits. So, we don't need to fear about bitcoin.
Now, Not only are they concerned about the damage Bitcoin can bring to the banks, they are afraid of the economic fluctuations that Bitcoin brings to their country. This has led many governments to stop and prohibit Bitcoin investment
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 decentralization so government can't control , it is natural that the government is afraid and encourage people not to invest in Bitcoin .
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 decentralization so government can't control , it is natural that the government is afraid and encourage people not to invest in Bitcoin .
I very rare meet people who say that they have fear! Most people have no idea what is this! Hope soon bounty hunters, TV, internet, Radio and other mass media spread good thing about projects and about cryptoworld! If we can minimize amount of scammers here then it could be one of the best things in 21 century!
Government always want to be in control of every thing happening within the country. Bitcoin is a decentralized system of payment and government feel if its not contained people will abandon fiat currency and go for it.
This is really very bad news,daily 2500 of people investing bitcoin india.big celebrities also investing in the bitcoin like amitabbachan.indian banks put more charges on customers and RBI transaction charges also high.india is very big country but this not good decission.
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 fears bitcoins because they want to invest om something that has overwhelmingly high risk but has overwhelmingly high rewards. That's why they fear bitcoins because if a lot of the citizens of their country invests on bitcoins, it might cause an imbalance in the economy.
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 does have different opinions on bitcoins, Either they are going to lose money because of bitcoins dominating the country or some of the business will be affected because of bitcoins growing value and they will lose investors.
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 the reason why some government called bitcoin is dangerous is because the bad elements and the terrorist use bitcoin for the abnormal prenciple of them nonsense activities its because bitcoin as virtual cryptocurrency is easy to use for fast transactions sending btc to use for illegal activities of the crimenals.
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 only reasons for the government to fear bitcoins is some of the problems that might bring by the bitcoins to the country. Even bitcoins is really good because it gave us an opportunity to earn more money, There are still negatives like it can be used of people for illegal transactions and government will have big problems because of it.
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 might say this is a wrong course of action by the Indian government if they are trying to prevent people from investing in cryptocurrencies as sending out these notifications could just give a reason for people to invest in bitcoin and other cryptos as i know people are more attracted to danger than saftey, good luck with this GOVT!
Government try discourage its citizen to invest in btc because they dont have control on it. The market is worldwide so the tax cannot be controlled. Traders gain a lot of money and yet they pay no tax thats the thing that goverment discouraging about btc.
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