Topic: Fear of bitcoin - page 3. (Read 1894 times)
The Indian government thinks Bitcoin is harming the economy of their country and their people are encouraging them to invest in Bitcoin. But this is not right. Bitcoin can be seen to see how much has been increased since the past. If Bitcoin's price increases, the people of India will again come back to 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.
Obviously, its the lack of understanding and its possible that some governments may think that cryptocurrency is some sort of a fraud scheme,untraceable and transaction may seems suspicious and can be use for illegal activities such as buying black market items. Guns,drugs etc. And also they might think that bitcoin may pose threats to banking systems and they had problems on how to control bitcoin, issues on how to regulate it and taxation.
They are afraid of Bitcoin because it is not fully controlled as the currencies in the world today. Bitcoin needs to be tightly controlled but there are easy ways for people to trade and trade
If you are a human I think you have fear with everything you fear. Everyone will feel great fear if the price of Bitcoin goes down and is useless. We can only have a great hope to eliminate fear.
Because they think it's a ponzi scheme, or that it might affect their country's economic development, many countries have banned bitcoin trading, but it's a silly idea.
You're right bro to all of this. But without right understanding to bitcoin it stops the possibility that btc can do for any help that it can give
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...
In my opinion, Actually there are many governments who want to get commission from the dollars. But Bitcoin does not give it.Bitcoin runs at its own pace,The government can not control Bitcoin.their are known about them bitcoin, their are no knowledge about 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.
One thing I see is that bitcoin can be used by criminals for unlawful activities. Bitcoin's decentralize function would give governments difficulties tracking down transactions which could also be used as evidence.
Most countries want to keep track of every transactions within the country, according to them this is for safety and security of their citizens.
Because they have a little bit knowledge about bitcoin... And probably because instead of bitcoin helping their country it also affects them... We cant predict what is in their minds maybe bitcoin has a negative impact in their country... We cant change it because it is how they perceive bitcoin... We must accept it because it their choice but soon they will understand bitcoin and they will accept it soon...
Why do some governments really want to prove that bitcoin is harmful?
The reason is simple, Pemeintah fear Bitcoin can threaten the banking country.
Many people tend to choose Bitcoin as a means of investment or for trading activities, then the economic traffic of a bank will go down and weakened because the money is less desirable.
Therefore, the Government is trying to spread the negative issue about Bitcoin to keep people away from Bitcoin as their payment tool.
The reason is simple, Pemeintah fear Bitcoin can threaten the banking country.
Many people tend to choose Bitcoin as a means of investment or for trading activities, then the economic traffic of a bank will go down and weakened because the money is less desirable.
Therefore, the Government is trying to spread the negative issue about Bitcoin to keep people away from Bitcoin as their payment tool.
For me, all of us have fear, fear to die, fear to fall in love again. Last month we were suffering from the different obstacle issue on the bitcoin. Facebook ban the ads. This cause of dropping the value of all most all of bitcoin and altcoin and many more problem regarding on the bitcoin or crypto. Fear or afraid to lose my profit to my investment. But I take a break for a while and wait for the value pump 
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 got a fear in bitcoin because they dont want to loose their own currency and also they didn't want to know about the goods of bitcoin.
Because bitcoin is favored for anonymous payments and is not managed by any organization or country. So the risk of money laundering, "bleeding" of money, or the use of delinquency, is unlikely to be prevented.
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.
most likely because the government is afraid if bitcoin is used for bad things, such as for blackmail, money laundering, and used for terrorist financing, but I think bitcoin is a free digital currency used for whom and used anything.
Fear of bitcoin?for me i dint have any fear about bitcoin,because it was so bery successful.Maybe they are afraid if bitcoin investirs because as they can see btc has strong popularity and many people putting there money with btc.
The problem is, there is a lot of 'fake news' around bitcoin (and other cryptos but mostly bitcoin). This is compounded by the existing status quo for the banks and governments being threatened by decentralisation so any possible angle is taken to discredit it, whether or not the information is accurate.
Until journalists and newspapers start reporting the truth instead of trying to sell papers with misleading headlines, and the general public are educated in its benefits, this type of thing will continue.
Until journalists and newspapers start reporting the truth instead of trying to sell papers with misleading headlines, and the general public are educated in its benefits, this type of thing will continue.
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.
There are some countries that are fear with bitcoin because they dont't want the people to be scam ,they warned the people not to invest with it,maybe this government do not know what future it will give to 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.
India considers bitcoin and other digital currencies to be said to resemble a ponzi scheme, which could lead to a sudden and prolonged collapse that exposes investors. It should be noted that recently a representative of one of the committees under the Indian government urged to impose a ban on the activities of crypto exchanges within the country. Bitcoin is not a trick.
The media in our country also warned people to be careful on investing in bitcoin, not because bitcoin is dangerous but some people behind it were scammers, they were just using the word "bitcoin" to attract more 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.
Well for me there are still some goverment or some countries that has a fear on bitcoin because bitcoin is getting more stronger and they know that it will surely affect there country in the future, and bitcoin now is getting more popular that's why many people is putting there money with bitcoin over than putting it on the banks Jump to: