Topic: Fear of bitcoin - page 6. (Read 1892 times)
I hope do not make the fear to be a thing that will harm because until now many consider bitcoin as a threat but not .... no ... !!!!! it's just that they do not recognize bitcoin better because I'm sure those who forbid and block will receive back bitcoin at a time, because bitcoin is the future economic progress.
In my opinion government is afraid of bitcoin coz it may affect the economy of a nation.Some also thinks that its only a ponzi scheme that might affect life of a person financial and also a loss of investment.Thats why some countries banned bitcoin and some given restrictions to avoid bitcoin.
I'm not worried about him at all! I'm sure that the price will rise sooner or later, and even higher than it was last year! Keep your bitcoins!
There are some criminals who use BTC for their illegal activities. Moreover bitcoin is becoming a threat to many banks, considering the fact that some people now use bitcoin instead of banks
Man kind is known to fear what they don't know , and bitcoin is still very shady to many people across the world and thus is classified as a threat to them . There's people in some countries who doesn't even have access to the basic traditional banking systems and in order to send money to a relative they still gotta get on a bus and go personally to another town to deliver that money , i don't think they'll welcome the idea of money created from electricity right ?
And of course bitcoin represented a threat to many parties , especially governments who couldn't put hand on it due to it's decentralization aspect , making highly positioned people across the world fearing it since it's accessible for everyone (including terrorists and criminals ) and thus they declared this invention as illegal and are gathering efforts to ban it from lots of countries .
And of course bitcoin represented a threat to many parties , especially governments who couldn't put hand on it due to it's decentralization aspect , making highly positioned people across the world fearing it since it's accessible for everyone (including terrorists and criminals ) and thus they declared this invention as illegal and are gathering efforts to ban it from lots of countries .
The government does not accept bitcoin, because they can not take taxes from it, to influence it. This is not allowed by the very concept of bitcoin. The government is therefore strongly opposed to its adoption.
the government has taxed the transactions of each activity in legal exchanges, but it is true if they object because there are no other tax breaks from the large revenues of each active user, especially the tax on asset ownership. But that is not something that should be questioned because it is their duty to organize it all. We can only wait for the right regulation and keep looking for profit on a regular basis, as long as there is no full restriction, we are entitled to own and trade in the crypto market.
Criminal record increases, number of people reported to have experienced on scammed projects are some reason why the government is issuing some warning notice to everyone, but they can't deny that most of the people earn from Bitcoin that's why they don't totally ban it.
They fear bitcoin because it is a threat to the banking system. BTW, Bitcoin is not for the feint of heart.
Yes Bitcoin become the threat for many banks. Due its innovative money transaction facility with fast processing and low transaction cost 
. many people using Bitcoin instead of bank and this thing putting negative effect on a bank profit. Bitcoin also threat an country economy and financial growth 
. Because of its decentralised nature their is no stability in its production and distribution and this thing put an bad impact on a country own currency. Bitcoin also affect an country economy by it no tax system. People associated with Bitcoin doesn't pay tax to their government because of Bitcoin digital nature.
because bitcoin is a new technology that is different from anything we have known so far.
because it is decentralized and nobody controls it.
because the price is volatile and that makes buying it risky.
because it has a lot of enemies including but not limited to banks that attack it by spreading lots of false information that creates panic.
because most people are too lazy to do some research and see what bitcoin really is and prefer to continue using the old familiar things instead.
because it is decentralized and nobody controls it.
because the price is volatile and that makes buying it risky.
because it has a lot of enemies including but not limited to banks that attack it by spreading lots of false information that creates panic.
because most people are too lazy to do some research and see what bitcoin really is and prefer to continue using the old familiar things instead.
The government does not accept bitcoin, because they can not take taxes from it, to influence it. This is not allowed by the very concept of bitcoin. The government is therefore strongly opposed to its adoption.
It's about the bankers also my friend, they really think that Bitcoin is doing their job and stealing it from them so bankers are telling goverments not to adopt Bitcoin cause to that reason.Like Jamie Dimon used to try shut down the Bitcoin in last year but he didn't success at all.
The government does not accept bitcoin, because they can not take taxes from it, to influence it. This is not allowed by the very concept of bitcoin. The government is therefore strongly opposed to its adoption.
Bitcoin and other digital currencies need to be brought to institutional order. They are associated with problems with fraud, money laundering, financing of terrorism and much more. Reasoning about currencies is more appropriate for the government of central banks.
I have nothing against bitcoin. Usually we pay attention to the risks associated with money laundering. I'm not against alternative currencies or their support in a broad sense.
Bitcoin and other digital currencies need to be brought to institutional order. They are associated with problems with fraud, money laundering, financing of terrorism and much more. Reasoning about currencies is more appropriate for the government of central banks.
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.
Because bitcoin can disrupt the usual life of the state. Its adoption will reduce corruption, illegal transactions. Why do officials and businessmen need this?
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.
Of course some governments will fear bitcoin because most of them has influence or indirect power in financial industries like banks. Cryptocurrency is decentralized so they fear that cryptos will take over the economy where everyone will have equal power on it. But what crypto only wants is to offer the public more freedom and faster transactions in the market. I think, they are just paranoid.
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.
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 because they see that it will drive people to invest on Bitcoin without knowing in pros and cons, they just go in just because of the money.
Some governments are so keen to prove that bitcoin is dangerous, because they can not control cryptocurrency
Only those who are not knowledgeable about Bitcoin should be afraid of it. Bitcoins are rapidly changing and no one manages to make them feel insecure about bitcoin. But for me, bitcoin is like my daily work. bitcoin is my life. bitcoin help me get rich. I love the bitcoin.
This is more like the potential of bitcoin is too big. Bitcoin can grow very rapidly until that stage may be detrimental to the government. I think that's what the government thinks. They dont know how far bitcoin can flourish, the government can't predict it. Perhaps this concern is about to explode by the end of 2017 when bitcoin reaches its highest price.Jump to: