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. 
Topic: Fear of bitcoin - page 22. (Read 1894 times)
you are afraid, but I am more afraid if in the end just see without getting anything while others get more from bitcoin ...
The best thing I can think of is taxes. If you could earn money in something that has value but isn’t reported, that would mean the Government is losing out on income and governments hate to lose out on tax income. Another thing is the ability to manipulate and control the currency. If they lose their control over money creation, then they lose the ability to manipulate market conditions. The fact that bitcoins and other cryptos cannot be controlled or regulated is enough to make government fear it.
It is because Government has no control over Bitcoin.. If they don't get any profit from it, they will try to shut it down.. Especially in India, the Govt. will be against anything that is less profitable...
yes, because they think bitcoin is a threat to their currencies and the world. so they are assertive against bitcoin users.
Well, that's their own problem if they are going to look on the good benefits that bitcoin have and only look on the bad effects or bad benefits they are not understand it. There are some people did not understand the flows of bitcoin because they are not interested on about learning it. This far is really sucking them up because they fear that bitcoin is going too viral and it is of not there reach to restrict it movement,cut the cake of there taxes,and also restricting it for the commoners.So all they could do now is to fight bitcoin,but if they can,t beat Bitcoin they should better join the moving train.
Before in fear of using bitcoin because it don't know how to use it, but when I know how its work I don't feel fear anymore because it know bitcoin is now you can trust. Also don't feel fear if you know what your doing or you have knowledge in bitcoin.
yes, because they think bitcoin is a threat to their currencies and the world. so they are assertive against bitcoin users.
Buy and hold. Leave it alone. Time will prove everything.
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 investment is usually paused or even banned in some countries. The fact that governments could not handle to hold or manipilate bitcoins. They maybe afraid how these large currency waves the economy. It could also trigger and create an impact for other investments.
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.
India is one of the poorest countries and a large population. I think any prohibition will be accompanied by policies and involve their domestic politics. i do not know what to be polemic on india. but I do not care, with the presence or absence of them, bitcoin remains the most popular crypto.
This far is really sucking them up because they fear that bitcoin is going too viral and it is of not there reach to restrict it movement,cut the cake of there taxes,and also restricting it for the commoners.So all they could do now is to fight bitcoin,but if they can,t beat Bitcoin they should better join the moving train.
I think the government of some countries do that to protect their people, that's normal.. as far as they just reminded their people not to invest and not totally banned bitcoin because many people make bitcoin as the main source of income..
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 afraid about the market of bit coin.. this is a threat to them.. but they must learn how to accept the changes..
Bitcoin will definitely hurt them that is why they are sending all these negative messages about bitcoin.
It potentially could, but for that to happen we need the mass to shift to Bitcoin completely, and at this point that isn't something I can see become reality any time soon. We shouldn't forget that the far majority of the people aren't thinking about financial freedom like how we think about it. In easy terms, Bitcoin for us is far more than an investment option, which is something others don't feel and understand. If you as average joe don't understand why Bitcoin is such a powerful tool, and why aside from the speculative nature the decentralized aspect of this network makes Bitcoin what it is, then how are you supposed to be taken seriously, or even slightly contribute? Most of the people nowadays are just hype riders....
There is alot of fear in bitcoin and crypto currently.
More or less what Kylo said in the Star wars movie.
FOMO at it's worst right now.
Just watch memes and bare it until it's all over and it's over $20k before the end of the year.
More or less what Kylo said in the Star wars movie.
FOMO at it's worst right now.
Just watch memes and bare it until it's all over and it's over $20k before the end of the year.
Government find it a big loss of money because bitcoin has no tax and that is a very big deal to them and also bitcoin user also dont need the existence of banking system since you can send and recieve money easily using you btc wallet less hassle and more convenient to use.
Bitcoin, as a secure method of payment that isn't restricted by borders, is capable of undermining global currencies as a means of linking everyone together. Governments dont want that, as they put themselves in less power. But right now, they shouldn't fear bitcoin for what it brings, but for what it represents. It has gained a mass following, but there are tons of problems with it's handling of transactions. What governments should fear is another cryptocurrency coming along, for example Ripple, taking advantage of the rising crypto market.
Governments want to control everything people do, not because they are afraid that people will lose their money, but because they want to collect taxes on everything they can. And the crypto investments are decentralized and without the interference of governments
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.
other countries are afraid of investing money without returning money like india, because of scattered scammers on the bitcoin site, so be mindful of bitcoin users to be cautious and watchful to avoid scammers. It's hard to recognize scammers so we need to take extra care and do not let us worry about investing
because people are wasting the tax office and the system is going to ruin that does not suit any country.
that's why they vieuchen people bad to talk to avoid further investment and thus the coin has less investors what it harms
that's why they vieuchen people bad to talk to avoid further investment and thus the coin has less investors what it harms
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