Topic: Fear of bitcoin - page 25. (Read 1896 times)
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.
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.
To save the stability of local currency, because if many citizens who buy bitcoin it will affect the state bank.
Governments if corrupt are only interested in the individual benefits of themselves. Any government that denounces crypto is either corrupt or grosely misinformed. Crypto isn't bad in any way, even if it is sometimes used for bad things.
I think they are realising that crypto isn't only Bitcoin but a large amount of coin constantly developing. It will be very, very hard or next to impossible to stop people from investing in crypto no matter what country you are from.
the government is wary of bitcoin because they have no control
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.
To save the stability of local currency, because if many citizens who buy bitcoin it will affect the state bank.
Because the government can control the people, but can't control the Bitcoin. 
Just kidding... Maybe because the price of Bitcoin is so high, so risky...
Just kidding... Maybe because the price of Bitcoin is so high, so risky...
It can`t be taxed and regulated at the moment so the governments can not profit from it.
never will .. i will never be afraid of Bitcoin..karna Bitcoin is very good to invest ... down and rising Bitcoin it is a natural thing in digital currency .. that's it depends on the traders transactions ..
There are a few countries which has accepted bitcoin as legal.There are so many countries who are agaist bitcoin.Again,the governments of the countries which has accepted bitcoin, is very keen to prove that bitcoin is dangerous. They suggest not to invest in bitcoin.Right.
I think the reason is the governments think that bitcoin can destroy the bank system. Again,they may think that bitcoin can effect badly in the economic system of the country. So,thinking about their profits,they discourage the people to invest in bitcoin.Again,some criminal activities may can occurred with the help of bitcoin,so fearing about that matter some government don't want to spread bitcoin all over.
I think the reason is the governments think that bitcoin can destroy the bank system. Again,they may think that bitcoin can effect badly in the economic system of the country. So,thinking about their profits,they discourage the people to invest in bitcoin.Again,some criminal activities may can occurred with the help of bitcoin,so fearing about that matter some government don't want to spread bitcoin all over.
There's nothing in crypto because all the things here are easy to do and we can avoid anything also like scam or something,i think we already know the problem here in crypto because it's 7 to 10 years from now so all of your question are already have answer like if you have problem in transaction you can easily post that here to help you by other users here in forum.
Bitcoin is very useful for everyone specially in supporting financially but for some reasons there are still people who is having a fear of bitcoins. The reason for this is that they are having fear of investing their own money through bitcoin and also that they don't trust the people they are interacting in the internet. Some people are just having fear because they think that bitcoin is illegal and they are afraid to make a crime.
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.
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.
all governments of every country will surely protect their citizens from all sorts of harm (threats). as well as the threat of bitcoin. perhaps the government's intent is that they fear if citizens are too cool with bitcoin but do not think about the high risks of bitcoin. for example that bitcoin prices are very volatile and sometimes fall. so the government is afraid 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.
Government cannot control bitcoin so they have a power in community to dont use bitcoin. Bitcoin was not recommend by other country because some investors, invest in bitcoin. Bitcoin doesnt have any taxes to paid some country thats why it is not good for country.
These are some reason why some country banned bitcoin.
- Transaction by bitcoin is highly anonymous so bitcoin can become a tool for crimes like money laundering, drug trafficking, tax evasion, illegal payment,” the central bank said in a statement
- of a lack of existing laws
- in the buying and selling of scrap metal and “waste products”. This sets a bad precedent of government interference for the future, but so far the ban is restricted to this industry by all accounts.
- Purchasing them may violate the Icelandic Foreign Exchange Act, which specifies that Icelandic currency cannot leave the country. A nebulous designation, but it sounds like it is banned, in effect.
- It is a common misconception that bitcoin and digital currency are totally banned and illegal in China, but China has become the world’s largest bitcoin trading market. The bitcoin ban is strictly on banks, as the central banking authority, The People’s Bank of China is owned 70% by the Chinese government. Banking institutions and employees are banned from engaging in bitcoin business through banking, as well as servicing or doing business with the bitcoin industry. Trading or mining in bitcoin is not illegal for common citizens.
- It is illegal to use any currency that is not issued and controlled by a government or an authorized entity.
- bitcoin’s lack of “a central payment system” which could lead to people being “financially harmed”. It invoked the provisions of the Foreign Currency Control Act of 1947 and the Money Laundering Control Act of 2012. Then, added that trading in bitcoin
https://www.ccn.com/top-10-countries-bitcoin-banned/
The government is afraid of bitcocin since they have little control over it. Since BTC is designed to be self regulating with minimal control mechanisms and unknown total control, the government thinks that it is a threat.
Fear of bitcoin will only make you can not see the world of cryptocurrency full of huge profit. you should try to learn to understand bitcoin and do work with bitcoin.
you can ask someone who was first in bitcoin so that fear can disappear and be changed into a big money.
you can ask someone who was first in bitcoin so that fear can disappear and be changed into a big money.
Governments usually don't accept cryptocrrency because it damages their financial system.
They can't control transactions so if someone starts selling prodcts and uses cryptocrrency for payments, he will make a fortune without paying any taxes.
Besides, criminals can use Bitcoin to fund their illigal activities.
Legislations are not enough to control Bitcoin and poor countries don't have the necessary technologies to track suspicious activities.
They can't control transactions so if someone starts selling prodcts and uses cryptocrrency for payments, he will make a fortune without paying any taxes.
Besides, criminals can use Bitcoin to fund their illigal activities.
Legislations are not enough to control Bitcoin and poor countries don't have the necessary technologies to track suspicious activities.
Listen, I think you're wrong. fraud with digital currencies and government attempts to begin regulation of cryptocurrency are in no way connected. these are two separate directions about which you need to speak separately, otherwise everything is shifted into a heap and then you will not be able to make out who had in mind what circumstances. India regulates cryptocurrency for the ability to influence money, this is the only reason they have claimed on tv
If that's true, well the people still have their choice if they'll invest in bitcoin despite of the high risk involved. Since some governments still don't know how to deal with cryptocurrency, they're giving warnings regarding investment with bitcoin. Until they come up with a bill pertaining to cryptocurrency regulations.
There are so many ways on how you could earn bitcoin, Investing, Trading, claiming it on Faucets, and so on, but there are also ways of earning it through those Ponzi scams out there which we thought legit in the first place, that is why if there are people who get scammed by this kind of schemes, they will post it on social media blaming that bitcoin is a scam.
So, what is going to happen next is the Government will come up to a conclusion that bitcoin is a scam and risky so we have to be aware, like WHAAAT?! I'm just laughing whenever I read articles or hearing news about this nonsense.
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.
If that's true, well the people still have their choice if they'll invest in bitcoin despite of the high risk involved. Since some governments still don't know how to deal with cryptocurrency, they're giving warnings regarding investment with bitcoin. Until they come up with a bill pertaining to cryptocurrency regulations.
There are so many ways on how you could earn bitcoin, Investing, Trading, claiming it on Faucets, and so on, but there are also ways of earning it through those Ponzi scams out there which we thought legit in the first place, that is why if there are people who get scammed by this kind of schemes, they will post it on social media blaming that bitcoin is a scam.
So, what is going to happen next is the Government will come up to a conclusion that bitcoin is a scam and risky so we have to be aware, like WHAAAT?! I'm just laughing whenever I read articles or hearing news about this nonsense.
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 bitcoin can kill bank economy or in worst case bitcoin also have a chance to kill world bank economy. thats why many company using bank hate and said bitcoin is dangerous.
Very well said. Especially banks are feeling threatened by bitcoin and generally crypto currency market actually. banks are centralized and blockchain is born against them as a decentralized solution. because of their fears they are using media to fight against us.
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.
People worldwide nowadays don't know what's the good stuff and deals about bitcoin, they will crash bitcoin because they don't have this, they're to late already to invest beacuse it's already high profit.
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 dont know why, but I think government are the one who afraid to bitcoin because if the society picked bitcoin than the fiat money, the government will not get a money came from the tax in the goods and any services etc. Jump to: