Topic: Fear of bitcoin - page 21. (Read 1894 times)
Governments are getting feared out by bitcoin because it can cause a lots of trouble to them when not controlled. First, it does not have any tax for any transaction that are happening on it. Next is that bank will be useless because bitcoin transactions does not need any middleman in its transactions which is the function of banks.
In my Opinion main concern in BTC or any crypto is AML Policy thus possibly many countries banned it , you really can't track the dirty funds .
Indian government has a nightmare to remove black money (illeagal money) from the country and dat fear has caused them to suggest to avoid unregulated source of income.
They fear bitcoin because it is a threat to the banking system. BTW, Bitcoin is not for the feint of heart.
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 can do really affect the economy of the country and one of the best example is the banks. Some of the governments are getting taxes from the banks and if people will not invest on banks they it will really affect the flow of money in the country and this might be the problem they did not want to face.
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.
On the other hand: why do you guys exclude the possibility that they genuinely feel that it is a very risky asset (it had changes of the following magnitude:
200->1000->200 (for over a year) ->1000->10.000->20.000->15.000). Maybe they genuinely want to protect their citizens
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 bad for the economy. That's why the government are so into destroying or keeping bitcoins down from their country. It virtually costs thousands and thousands of dollars and yet it came from nothing. Plus, the price of each bitcoin is fluctuating and it is pretty much messed up for a government to invest on it.
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.
About bitcoin, its risk is unpredictable because there are still many things we do not know about it. The government is also afraid to allow people to invest in bitcoins. Banks will collapse if bitcoin becomes the main trading market in the future. No one can deny how dangerous a bitcoin is. 
Bitcoin is absolutely a big danger to the government and banking system. With the passage of time, it is becoming popular among the people and that day is not very far away when everyone will be aware of this digital currency. It frightens the holders also because of its too much volatile nature. I don’t blame them because there are many FUDs and FOMOs about this but honestly, bitcoin has a very bright future and it deserves some trust.
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 should be on the SAFE SIDE ALWAYS.They will tell you that it's dangerous to avoid chaos on the economy system and panic on the people.
Do you think all your government officials in India has no investment on bitcoin? I don't think so. Maybe few of them are whales. Who knows bitcoin don't require your personal identity.
Fear when you have nothing and you dont invest now anout bitcoin. Because BTC will never been gone its always need to our life. Because BTC is the example of money that we can buy food and our basic need. Like the HISTORY.
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 biggest and the only fear of bitcoin is that it might not banned by government and this is the only reason government keeps on notifying citizens not to invest into BTC. Being decentralized cryptocurrency, government is not liable to impose tax on the transaction of BTC and that's why they don't want that their citizens invest into BTC but instead of all these, intelligent business man invest into BTC coz they know BTC is profitable. 
Cause bitcoin is not a real money they said and so many disadvantage to use it and most of all they cant get tax on bitcoin that can help their country thats why they notify the people. 
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 answer is very simple. Governments want to have their share of the country's crypto-currency operations. But they can not impose taxes on taxes. It means that they will frighten their citizens in various ways and hinder trade in crypto-currencies. 
Some government fear of bitcoin because maybe they think that bitcoin will just disappear after they invest on it or maybe they think that bitcoin will replace the current currency of their country. Some government doesn't know the good effect of bitcoin to the country's 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.
as the matter of fact government always declined bitcoin to do an investing. because of its dark side and also a lot of scammer involved in bitcoin such as stupid scammer copying the design of some classified site and shows some false testimonials to scam some of the investor, i think that is the common reason why government didn't accept bitcoin because of that scenario. 
There are a number of causes, and one of the causes is that some of the bad guys in society are taking advantage of the bitcoin deal to trick the elders ... Maybe that's why governments That banned bitcoin .. They fear the same case will happen ...
In my opinion, Bitcoin takes no reason for fear, because Bitcoin is easy to spend income through a digital currency,
The easiest way people want to deal with is the world around. And Bitcoin is its only easy way,
Bitcoin takes no cause for fear, but be cautious because some opportunists want to take advantage of using Bitcoin, and some governments work against Bitcoin because they make more money by deceiving the people of the country. But they do not earn much profit due to Bitcoin transactions, so they work against Bitcoin. Bitcoin is not doing anything to deceive ordinary people, so there is no reason to fear Bitcoin.
The easiest way people want to deal with is the world around. And Bitcoin is its only easy way,
Bitcoin takes no cause for fear, but be cautious because some opportunists want to take advantage of using Bitcoin, and some governments work against Bitcoin because they make more money by deceiving the people of the country. But they do not earn much profit due to Bitcoin transactions, so they work against Bitcoin. Bitcoin is not doing anything to deceive ordinary people, so there is no reason to fear 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.
Its still depend on the person if he or she want to invest money to bitcoin. I think the government is only preventing people to earn more because the government can't trace your transactions and they don't know how to tax it. We all aware of the risk before entering the cryptocurrency, then why should we be afraid of it? I think we are more afraid of the government giving higher tax for every salaries that we earn. Jump to: