Fear of bitcoin - page 7. | Bitcointalksearch.org

chandrarahmadewa

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Quote from: projectshivom on December 30, 2017, 06:30:29 AM

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 countries fear bitcoin may be due to fears of disruption to the country's financial stability. Bitcoin is a currency that can not be regulated by any bank, including by the state. so do not be afraid Wink

Mazda17

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Quote from: projectshivom on December 30, 2017, 06:30:29 AM

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.

Good notices to understand between bitcoin and government.
Sometimes it's all the bluff from the government just so they can not follow the bitcoin and sometimes the government has the right to also prohibit people from following bitcoin because the government is afraid that all companies will close because most people follow bitcoin.

Alfiah

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actually i have a bit fear to bitcoin too. I have invested some money to bitcoin and I scare that bitcoin's price will fall down because I don't really understand how bitcoin work.

cunguks

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Quote from: killerfrost on March 18, 2018, 09:16:16 AM

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.

Nissan-GTR

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Quote from: Kryptcoin on December 30, 2017, 07:07:40 AM

They fear bitcoin because it is a threat to the banking system. BTW, Bitcoin is not for the feint of heart.

I agree with you, people usually believe in what they are seeing in the television which I believe common ground of technology of each one of us, and I think the fact that Bitcoin on television were always on negative point people are afraid to try to engage in this forum in which their prior knowledge regarding this were only a scam, doesn't deserve attention and so on which leads them to refused the knowledge they may have here and the income they may capable to earn.

Bitcoinismylife12345

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Quote from: projectshivom on December 30, 2017, 06:30:29 AM

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 government is scared that bitcoin might take their opportunity to have the authority to rule and regulate the circulation of the world currency, this is one of the most important bond that connects countries. Another is they fear the blockchain technology, they will totally can't control the circulation of the money, corruption will may be gone if this happen.

Bitcoin2009

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In investing everyone will always be afraid, let alone invest bitcoin that is 100% decentralized so no one can guarantee that hold bitcoin will be profitable, but to succeed and rich of course takes the courage to take risks, never fear if fail because it is normal.

GalaxyWorld

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The Exchange for EOS Community

Quote from: Semar Mesem on March 19, 2018, 07:09:31 AM

We should not be afraid of bitcoin if one day it costs zero, from now we have to be ready because anything can happen in a short time, remember the principle do not ever put eggs in one place, and if you think get big profit then you can sell to start new business.

I like what you are saying. And now I'm applying this investment. I divided my money into 3 parts. Each part I invest in different coins. And I also dedicate a small portion to invest in the ICO.

Mr.John19

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We know at the primary sight putting the cash on bitcoin is risky. Bitcoin-like betting loses or win. In the bitcoin there are tree alternative win benefits, lose benefits or hold. We must confront all the trouble on the investing the bitcoin we don't know when the time will the value will dump and pump. The government need to control the bitcoin because they can’t procure benefits on it because the bitcoin is non- taxable, clients are unknown. They simply need to protect the people from unlawful action.

qwerty12

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Quote from: projectshivom on December 30, 2017, 06:30:29 AM

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 offers a system that gives control and power to its owners. This has attracted much public interest for using bitcoins.

Bitcoin is a currency that uses a p2p system that does not depend on a third party such as a bank owned by the government.

Therefore, the Government feels uncomfortable with the presence of bitcoin, because the government is afraid of losing control, because the government always dislikes something that can not be controlled

sijonru

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because the government only sees its negative bitcoin, it is true that bitcoin has flaws, such as fluctuating prices, money laundering and narcotics transactions, but bitcoin also has a positive value, bitcoin has changed the economy of society, much better than before, when they do not know the bitcoin.

olyolali

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actually if you invest in bitcoin profitable but too free then the government is trying to suppress the bitcoin

GideonGono

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Government still have the grab mentality instead open up the mind and learn the way how bitcoin or cryptocurrency work , they just stay at one side only the side of bitcoin which is illegal and only uses as illegal. But as for my state we including the government are debating and still processing the regulation of implementing bitcoin , I hope and looking forward too.

MinerFTW

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Quote from: projectshivom on December 30, 2017, 06:30:29 AM

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 the reasons are not so many and are quite clear. Because governments are afraid they can not control us and control our money.

oracleongoodbye

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Many countries are afraid of bitcoin maybe it is because of their lack of knowledge about it and also the capability of their technology to handle such cryptocurrencies like bitcoin. We all know that bitcoin is very powerful and it can rule a certain country and without proper knowledge and capability to handle bitcoin, it may also lead to different glitches in a country's currency field. There should be an advanced technology for a country so that they can mobilize the flow of bitcoin and they can make different transactions smooth.

Hazaki

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Quote from: Fippy on January 16, 2018, 03:09:35 PM

Trading is much more profitable than gambling, because you are not just losing everything at once, but it is true that if you are gambling you can easily make much more money than just by doing little trades.

We can't argue that gambling on the short term is much more profitable but a condition must be satisfied first : you need to win ,and that is not quite the case each time , actually people suffer from loosing streaks sometimes where they loose all what they've got .
I prefer gathering money little by little and deploying it in a sane way in my daily life than wasting money on whether i'd be lucky or not at that moment or game knowing that i got no control at all over that ..
Gambling is a fun activity and it'll always remain as that for me , visit JETWIN (link in my signature ) , i'm sure you'll have fun there !!

topleskacah

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Its a normal warning formally given by any government about new economic schemes or currencies.Bitcoin is decentralized too and pseudo anonymous.So,we could easily understand government's concern over allowing such new currencies.it is volatile too.They have the duty to protect every citizen from any scams.
Unlike the government that supports it, they are a government that deserves thumbs up for thinking ahead. And it is evident, that they will advance ahead of the others.

xidireti382

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because they can not control it and therefore began prohibitions and restrictions in different countries

Semar Mesem

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We should not be afraid of bitcoin if one day it costs zero, from now we have to be ready because anything can happen in a short time, remember the principle do not ever put eggs in one place, and if you think get big profit then you can sell to start new business.

Cinemo

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Quote from: projectshivom on December 30, 2017, 06:30:29 AM

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 very rare meet people who say that they have fear! Most people have no idea what is this! Hope soon bounty hunters, TV, internet, Radio and other mass media spread good thing about projects and about cryptoworld! If we can minimize amount of scammers here then it could be one of the best things in 21 century!

Topic: Fear of bitcoin - page 7. (Read 1892 times)