Topic: Fear of bitcoin - page 24. (Read 1896 times)
they fear bitcoin because it became popular for people to invest. because people will invest in bitcoin not in the bank. and also the government will not get any tax in the people because bitcoin is non-taxable.
Their fear is on many aspects such as tax evasion, money laundering, unregulated price valuation etc. Governments like to monitor income / assets of its citizens and bitcoin and other crypto currencies don't give that transparency to them
maybe they fear people invest to bitcoin not into bank anymore. so i think government fear people choice bitcoin for invest and keep they money. and no one using bank anymore.
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 fear for bitcoin because government have no control on btc.
They cannot tax the btc as they want because there in no law yet to regulate the btc.
and the other hand btc is a world wide market so government have no control on the price as well.
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 they are just looking at the other side, they didnt see what really a Bitcoin can contribute to their country, they didnt see the potentials that they may acquire if they will accept Bitcoin in their community, yes , scams happened here but thats not included witht the used of Bitcoin ,Bitcoin is a currency that will allow us to have profit but this is not the way that they are thinking of, I think reseaechs will enlightened them.
I think Bitcoins need internet and in my country said to danger invest in Bitcoins. But i'm never afraid about 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.
This is because bitcion is a crypto curency. Meaning, it is a system of money that is decentralized and cannot be controlled by any government or banks. Why some government so keen to prove that bitcoin is dangerous? Simply because they fear of bitcoin. Why? Because with bitcoin presence, they cannot control the circulation of it, the opportunity of government to monitor the income of their people using bitcoin is very hard to trace. Then, it is impossible to impose tax out of it. If there is no tax, then the government do not have income and money to run their state. Another thing is, if the people will loose the confidence and trust on their flat money, its value will depreciate then the prediction that bitcoin will be the one world currency will be possible. Bitcoin will be a great treat to flat.
I'm not afraid of bitcoin because it sets a challenge for me this year to invest, as well as in the coming year.
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Some government fear of bitcoin because of many reasons. One is that it can affect the bank system. Since there are free peer to peer transactions, banks cannot tract all these transactions. Banks cant trace it becuse crypto's transactions are registered on blockchains, and is very different from how transactions on banks are registered. Other is that they are afraid that crypto can be used on illegal transactions (but even fiat are used on illegal activities also, and is already existing many years ago). So why scared of it? Also, cryptos are not taxed by the government so they dont get any benefits from it.
I think the government should study how cryptocurrency works before they ban it. Besides, there are lots of advantages using cryptos that they do not know. Lets all be positive and be open-minded about it. Time will come and we will all see the benefits that we can get from cryptocurrencies, hope the government realize that also.
I think the government should study how cryptocurrency works before they ban it. Besides, there are lots of advantages using cryptos that they do not know. Lets all be positive and be open-minded about it. Time will come and we will all see the benefits that we can get from cryptocurrencies, hope the government realize that also.
i think there are people who are affraid of bitcoin, first, governments are banning bitcoin so much, that make people have bad thoughts about bitcoin, and because bitcoin is cryptocurrency so it has high risk than other currencies because we may not know what will happen in the future, will bitcoin suddenly die.
Bitphobia.
Why wouldn't governments fear such a tool? It's powerful if used correctly, but if misused then we all know what can happen with such things. There's a lot of money being pumped into it. Governments want a piece of the action too!
not because of there is possibility that your money is lost but the real reason is the bitcoin is out of control by the government and no tax going to government. even the bank against in the bitcoin. If the bank discover the your money coming from the bitcoin they will demand to the depositor to withdraw account.
My fear about bitcoin is when it will be banned to our country which is the philippines.I find bitcoin really helpful to lot of people with regards to their financial problem also to me as well I am earning bitcoin in joining signature campaign and it is a decent job and so far right now this is my source of income so I am hoping that bitcoin wont be banned in our country so that many people will continue to earn to support their daily needs.
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'm afraid to banned and if the bitcoin is going down.maybe the other persons think that it is dangerous and scammer kind of on line business and I'm afraid also for that.but hopefully that bitcoin is not the kind of on line job that scammer. 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 and there governments are scared in bitcoin because they does not yet know how to deal in crytocurrencies.they are afraid because they might think it is scam.might also dont have the idea until someone will educate them.They are also protecting interest of people in there country 
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 always, dudethe government always says that investing in bitcoin is dangerous because its price is fluctuating and its nature can not be controlled. They do care about their citizens, but they also do not understand that the citizens are very careful about the losses that will be faced.
I think government are afraid to our own sake. They always give a warning to all of us or to all investors in investing at bitcoin because they dont have enough knowledge about bitcoin and they hearn about scamming of bitcoin so they are afraid that we became one of a victim. But for me bitcoin is business and in doing busines you should take a lot of risk. But in legal business you need to pay your tax and in bitcoin this is tax free so the government did not known bitcoin as a business.
The way bitcoin was rising from $1000 to $19600 and now again rolling back to $12000, this whole journey is surprising, unexpected. No currency in history was so volatile. Bitcoin is a decentralised currency backed or regulated by no authority. So fear and uncertainty is always their n the minds of many. Many economic experts call it a bubble or hoax. Some term it as an internet fraud. Rising price and peer to peer exchange quality making bitcoin popular among illegal activists. That is why many countries have banned bitcoins operations in their economy. Countries where bitcoin is accepted as legal currency are also planning to regulate the same. So fear about bitcoin will always be there.
I wouldn't say this rise to $20,000 was unexpected. I mean it is a lot higher than I was expectiong, but it isn't out of the ballpark. I think people are having trouble selling their Bitcoins who want to because the high fees are preventing this from happening.
If there was more liquidity in BTC, we would likely see alower price becaise big time holders would be able to sell more easily. Gvien that it is so hard to sell, people are just buying and not selling and this drives the price up (to the moon).
Because Bit coins are decentralize So government can't control the system. No taxes and transaction fees. Bit coin can use to illigal purposes. So governments fear Bit Coin.
Yes, for example bitcoin can be use for terorism funding or money laundry which my government really against of it
It's reasonable yet it have their own risk but still more people looking bitcoin in different way
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