Topic: Fear of bitcoin - page 4. (Read 1892 times)
we can not blame them for so many scams in bitcoin so maybe they do that for our good but do not worry because they also mistakenly do what they do and that bitcoin is legit.
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 wants to protect the people from scam or wrongdoing.This a view of some do not understand well having the bitcoin mostly people in the government. But the real reason for the government they want to stop cryptocurrency because they cant earn benefits on it because the bitcoin is nontaxable. They cant manipulate those people have the bitcoin. This the reason government is fear about the crypto. 
According to my idea, some governments ban bitcoin because of if people invest on bitcoin, government lost taxes and bitcoin is invisible.
so, if people invest on something visible, for example like gold. if gold value down they have something to see. But if invest on crypto currency it is completely different. Crypto currencies are invisible and cannot touch. So it is little bit risky. I hope as this situation, some governments ban bitcoin.
and i think there is a lack of knowledge about bitcoin among people.
so, if people invest on something visible, for example like gold. if gold value down they have something to see. But if invest on crypto currency it is completely different. Crypto currencies are invisible and cannot touch. So it is little bit risky. I hope as this situation, some governments ban bitcoin.
and i think there is a lack of knowledge about bitcoin among people.
To answer that question, we first need to look at those high-profile pundits, who they are, what they have said — and even what they are saying now. My first personal favorite is Peter Schiff. Taking a quote from him in a recent rant — er, I mean interview Peter was quoted as saying:
“The main benefit of bitcoin — the only segment of society where it’s used for something other than speculation — is crime,”
If that statement is not intended to be fear-mongering (and full of ignorance), I simply do not know what is. Peter has also made numerous other ridiculous claims including this gem from his brash interview with Max Keizer “no merchants are pricing their products in bitcoin”.
“The main benefit of bitcoin — the only segment of society where it’s used for something other than speculation — is crime,”
If that statement is not intended to be fear-mongering (and full of ignorance), I simply do not know what is. Peter has also made numerous other ridiculous claims including this gem from his brash interview with Max Keizer “no merchants are pricing their products in bitcoin”.
The government only wants us to save in banks where we will be charged with taxes so that they will something from it. They know btc has no charges and also investors are now buying the idea more than saving in banks.
for me do not be afraid of bitcoin if someone else says that bitcoin scams because they do not know what they are saying and what bitcoin does people fear about bitcoin because bitcoin is not a scam it's legit
One of the tasks of the government is to ensure stability in the domestic situation. As a new thing, bitcoin is still not very clear and difficult to understand. If it is easy to start, it will lead to huge losses and cause social events. This is not the government's Willing to see. 
in my opinion they are afraid because they can not control it so they forbid.
Because the Bitcoin is decentralizing and eliminating the outreach and control of their plans by controlling them, because all the government has a fear. My Monohybrid did not want to believe in many governments, they were afraid of them. At least, bitcoin has done bad rumors because I am Monaco. If you check the price of Bitcoin you will see it is ridiculously high. The other day it reached about $ 20,000.।
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 is not dangerous, people are. people sees bitcoin as a getaway method for their crimes, like those transactions and services that are related to crimes.
bitcoin hides identities for both parties. these are criminals.
others also sees that its price is very volatile, they use this idea to make an investment deals that requires networking. so if the bitcoin price drops, they uses this as their getaway method for scams. these are scammers.
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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.
Every nation or government has a different perspective in bitcoin . We can't blame them because I think they're just protecting the people , as we all know fraud and scam are still circulating in this industry .
Has it ever occurred to us that countries that receive bitcoin are only countries with strong economies such as US, Russia, Japan, and others. No loss for them to receive bitcoin because the local currency of their country is also very strong even used by the world in all business and payment. Countries like India certainly do not want to receive bitcoin because it will not strengthen their local currency in the world.
In this type money, you can control everything. if you have money you can use money to have power,i think also they banned bitcoin in their country because it's not good in their economy like in china that leave crypto this year and it's give crypto so much impact in price like it down by 20%,we know some countries in good to do a business so think why they leave crypto because they can't earn here in crypto that's all.
What the Indian government sent notifications for was that it is risky to invest in bitcoins and that one should take caution before investing in it and that the government doesn't supports it. The governments are keen to prove Bitcoin dangerous is cause it doesn't let them have any control over it and that is something the governments don't like.
Many countries such as Russia are afraid that their earnings from taxes will go to 0. And over time people will stop using Fiat. Which naturally leads to the collapse of the economy of the state.
I think Bitcoin has such a good direction just as it has bad side. Some act as a threat to some people and work with some good people to some people. To me, this Bitcoin is a very good medium. It's true that I've got a lot of money in its money. The reason for this fear of Bitcoin is because some government governments say that it is illegal and a means to steal money, these issues have become very scary to me.
for everyone we would not be afraid to invest in bitcoin, although for our government there is no problem as well to do it, because for them bitcoin is also very useful for their better life, so now there is no prohibition for our government.
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.
Just to my views is a threat to banking system moreover government controls banking system but bitcoin is decentralized.
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 possibility that the government is afraid of local currency competition and maybe the government thinks something that is bad for bitcoin why not cooperate for something better ahead Jump to: