Bitcoin - and other decentralised cryptocurrencies - allow people to trade directly with each other, cutting out the need for a middleman which, in traditional commerce, is a bank.
Banks generally charge fees for doing anything with money, even just holding on to it. That's because the banks have created a level of trust that transactions pass smoothly and everything is recorded and accounted for correctly.
Topic: Fear of bitcoin - page 5. (Read 1892 times)
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 bitcoin because other people use it illegally like they use it to scam people. They are also threatened that fiat will be dissolve in their country which banks depends on.
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.
Many different businesses affected if Bitcoin totally approve and primary use around the world.
First: Banking Industry
Second: Remittances
Third: Transferring money using cellphone gadget
these are the few examples if bitcoin become primary use that's why many country are not approved this kind of Digital Currency
I think it's normal for us to be afraid of Bitcoin, but we must overcome our fear of profit, if we are prisoners of our fear, we can not change our status because we are not trying another way.
Bitcoin's digital world is already helping and providing jobs for people who are unemployed and providing opportunities for the poor to become millionaires.
In fact I think why people find it difficult to acknowledge and accept the work of others. did not accept Bitcoin for fear. but instead created Crypto itself to compete with Bitcon.
why should we be afraid of Bitcoin?
Bitcoin's digital world is already helping and providing jobs for people who are unemployed and providing opportunities for the poor to become millionaires.
In fact I think why people find it difficult to acknowledge and accept the work of others. did not accept Bitcoin for fear. but instead created Crypto itself to compete with Bitcon.
why should we be afraid of Bitcoin?
Indian government, I bet, dont aim to make their own citizens to become rich. It's firstable. They are also worried about increment absence in situation when well-to-do person "give" money other person leaving government out.
A good opinion and I agree with your opinion.One's thinking is sometimes difficult to predict even the government is hard to guess so the thinking of a government or an actor sometimes only think about the surrounding and he is difficult to think of a happy society, so this government just wants to gain their own benefits and also sometimes vice versa.
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's primary role is to protect the people in there country. Maybe the indian government is not yet that complacent in bitcoin that is why they ordered that notification. I hope that they will continue to explore more in bitcoin so that they can see its worth to the people.
high price itself wherein people are really looking forward to learn how to earn and use bitcoin.With this,the government might fear that people will no longer patronize their own currency and start to evade taxes since bitcoin is tax-free.But that is too far to be possible because most of the establishments today still prefer to accept fiat currency than paying with bitcoin,although some shops are accepting it already.
Probably what they fear is because bitcoin/cryptocurrencies are decentralized, and they don't have the power to control it. Normally, the government would fear for something that is beneficial to the community, continually growing positively, and they can't control. I guess their strategy is to manipulate the people, who majority doesn't know that much about cryptocurrency, by saying that it's dangerous to them. It can be easy for them, unless someone would educate them.
I agree, this is what I think. Some government afraid in BTC because it can't handle it and they have no power to control it. They can't put tax in it, and they didn't know the transaction inside 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.
I think because bitcoin is fully discentralise and untrackable of who is realy the identity of the owner is not expose and they cant control the flow of bitcoin. They dont accept crypto currency atleast for now but maybe in the future they will slowly accept bitcoin as mode of payment.
The fact that cryptocurrency can not be controlled, as it is decentralized. And the state is afraid of this, because it is used to keep everything under control, especially money.
It is normal to have a fear in bitcoin; especially that there's money involved. People are scared because they are afraid of scammers, others are afraid of hackers since Bitcoin is a online currency.
The fact that cryptocurrency can not be controlled, as it is decentralized. And the state is afraid of this, because it is used to keep everything under control, especially money.
It is normal to have a fear in bitcoin; especially that there's money involved. People are scared because they are afraid of scammers, others are afraid of hackers since Bitcoin is a online currency.
Afraid of bitcoin? why be afraid of bitcoin? if you have not studied about bitcoin, try to go deeper about bitcoin if you already understand will not be afraid, even you will feel good result thanks 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.
For me because they think bitcoin is a scam, the idea that always comes up to their mind is the money they will invest in bitcoin will be wasted and gone, they do not believe and trust the bitcoin because they have no idea what bitcoin is really is. Because they have no idea that bitcoin helps many people around the world and also they think it is threat to their citizen and don't trust 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.
every government has own currency, they want their currency exist and the bitcoin is secure. the government fears the bitcoin can be used to illegal activities.
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.
They are maybe they think bitcoin is maybe illegal, or they are afraid because they think that they might harm them here, they are thinking of negative things so they're afraid.
They are keen to keep people away so they can maintain the corrupt status quo that they have ongoing. If it wasn't enough to hurt your own population, now when they have an out you try take that away.
As we all know that governments of every country will surely protect their citizens from all sorts of harm 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. Like for example that bitcoin prices are very volatile and sometimes fall, so i think thats the reason also why the government is afraid of bitcoin and not encouraging their citizens to invest of It.
why should we be afraid of bitcoin. whereas the bitcoin digital world is already helping and providing jobs to unemployed people. and provide opportunities for the poor to become millionaires .I even think why people find it hard to acknowledge and accept the work of others. do not accept bitcoin For fear reason. but instead creates its own crypto to rival the bitcon.
Government is the cause that some people fear or scared about bitcoin. They spread some news that bitcoin is not really good for the people and it is a scam. So the people who see the news do not enter the world of bitcoin.
I am not scared in Bitcoin, well if you are a true believer of Bitcoin, you will be fearless; you will be patient when the price decreases, you will not doubt its potential.
Government is the cause that some people fear or scared about bitcoin. They spread some news that bitcoin is not really good for the people and it is a scam. So the people who see the news do not enter the world of bitcoin.
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