Fear of bitcoin - page 9. | Bitcointalksearch.org

candra raditya

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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.

Yes, they fear if their citizens prefer to keep their wealth in bitcoin rather than store it in the bank, because by saving money in bitcoin, we are like investing.

Xester

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Quote from: redhondaxrm125 on March 08, 2018, 10:28:35 AM

Quote from: Xanxus024 on March 06, 2018, 09:56:09 AM

Because they believe bitcoin is the another way to scam people so they discourage people to not get involve into bitcoin and the government do not know how to make a proper law putting tax on bitcoin because bitcoin users are anonymous.

In a sense, you are right. But I really do not believe that bitcoin being a potential scam and a possible tool for criminal transactions are the main reasons as to why governments really are working hard to pin down not just bitcoins but the whole crypto world. I believe that there are reasons that are far more serious and far more selfish which they hide from the public. But even so, I do not think that they will be able to stop the crypto world from growing bigger and bigger.

It is obvious that government is afraid to bitcoin as it is a threat for them. If bitcoin will be preferred by many than putting their money on the bank, they will do some step to stop it. They will ban bitcoin as it does not matter to them since they do not have any benefits with it. They are just using those alibis that bitcoin is being used by criminals.

redhondaxrm125

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Quote from: Xanxus024 on March 06, 2018, 09:56:09 AM

Because they believe bitcoin is the another way to scam people so they discourage people to not get involve into bitcoin and the government do not know how to make a proper law putting tax on bitcoin because bitcoin users are anonymous.

In a sense, you are right. But I really do not believe that bitcoin being a potential scam and a possible tool for criminal transactions are the main reasons as to why governments really are working hard to pin down not just bitcoins but the whole crypto world. I believe that there are reasons that are far more serious and far more selfish which they hide from the public. But even so, I do not think that they will be able to stop the crypto world from growing bigger and bigger.

nguyenanuct1

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because they are worried that bitcoin is a bubble

lynlyn

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Quote from: f150 on March 06, 2018, 10:12:08 AM

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 is not dangerous in my opinion, there may be other causes of government of India or a country that has banned Bitcoin. they say Bitcoin is dangerous. I am afraid not because Bitcoin is dangerous, but I am afraid of losing Bitcoin because Bitcoin has changed my life for the better.

Yeah youre right I will agree for that.I dont have any fear about bitcoin because I know for joining bitcoin is the best way to make my life complete in terms of financial assistance.

joebrook

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Quote from: mersal on March 06, 2018, 09:59:54 AM

Quote from: Dwey on March 06, 2018, 09:45:31 AM

the governments fear of bitcoin is financial freedome..they fear of not getting taxes because they will not be in control of their citizens financial incomes my fear of bitcoin is losing all of my earnings and also getting scammed.

Yes it is due to their economical situation and their financial resources,if bitcoin is developed in their country and people used bitcoin in daily life there will be a great disturb for many of the country that's why they're think lige like this .

A wise government will see the importance of bitcoins in reducing poverty in a country and will seek to legalize and regulate it so that they can make some profits out of it rather than banning it and denying it's citizens a chance to get out of poverty.

f150

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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 is not dangerous in my opinion, there may be other causes of government of India or a country that has banned Bitcoin. they say Bitcoin is dangerous. I am afraid not because Bitcoin is dangerous, but I am afraid of losing Bitcoin because Bitcoin has changed my life for the better.

Lovykitty

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may be dangerous because Broad acceptance of the BITCOIN extension will undermine a country's economic sovereignty, imitating the attitude of the Chinese government that prohibits banks from accommodating transactions involving BITCOIN.
but on the other hand there are also opinions that consider the bitcoin is not dangerous depending on how to use it,

bigblackdeck45

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Think of it this way, bitcoin is like buying something without the government knowing about the transaction so meaning no tax can be placed. Government hates it when they lose tax money. Plus bitcoin is decentralized making it hard for government to control or regulate it.

santafewarrior1980

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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.

high incident of scammed is the reason why other countries did not want their people to invest bitcoin and they just want to protect their people from huge scam activity.

mersal

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Quote from: Dwey on March 06, 2018, 09:45:31 AM

the governments fear of bitcoin is financial freedome..they fear of not getting taxes because they will not be in control of their citizens financial incomes my fear of bitcoin is losing all of my earnings and also getting scammed.

Yes it is due to their economical situation and their financial resources,if bitcoin is developed in their country and people used bitcoin in daily life there will be a great disturb for many of the country that's why they're think lige like this .

Ailmand

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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 governments are just trying to safeguard their people from probable scams and schemes brought about by investments in the cryptocurrency market. It is normal for governments to release advisories like that to warn their citizenry about probable scheme-creating ventures. Also, I think that it became critical in India because many people there are always in search of something to better their lives. And as you know, people who are in that could be convinced easily, and that susceptibility, could be exploited by people who wants to take advantage of people.

Xanxus024

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Because they believe bitcoin is the another way to scam people so they discourage people to not get involve into bitcoin and the government do not know how to make a proper law putting tax on bitcoin because bitcoin users are anonymous.

BitcoinLoan

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Quote from: ShiroThe5th on March 06, 2018, 07:57:34 AM

Many government in different country banned bitcoin, and also many country accepted bitcoin in different selling platform. When i didnt know about bitcoin i thought it is a scam and illegal. But now im here and earning and hasnt fear of it. It must explain bitcoin properly so they can understand.

Since governments intentionally increase or restrict the amount of money circulating in an economy in an effort to stimulate investment and spending, generate jobs, or avoid out-of-control inflation and recession, control over currency is an enormous concern.That's why they are afraid from Bitcoin.

Gabrieelle

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Quote from: Dwey on March 06, 2018, 09:45:31 AM

the governments fear of bitcoin is financial freedome..they fear of not getting taxes because they will not be in control of their citizens financial incomes my fear of bitcoin is losing all of my earnings and also getting scammed.

We all know at the first place that bitcoin is risky and even though we knew it, we still chose to invest in bitcoin. I think we have faced our fear of losing something we just need to be more careful losing everything. If we are so afraid of losing we might not want to try to do things, but that is the only way we will know if things will work out for us.

Dwey

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the governments fear of bitcoin is financial freedome..they fear of not getting taxes because they will not be in control of their citizens financial incomes my fear of bitcoin is losing all of my earnings and also getting scammed.

BlackRacerX

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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.

Basically when you run a country, you don't want your citizens getting all their money out of thin air or without even working their ass off 12 hours a day just to barely get food on the table. With bitcoins and trading of it, it is possible to get rich by just sitting your bum down home and day trade bitcoins. It disrupts the economic system by a small margin since fiat money is reaching places it should be reaching.

jona

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Fear of financial freedom that is what i call it,fear of not enslaving their citizen or citizen breaking away from the Government enslavement

domerosan10

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yes of course I'm afraid if the bitcoin I have lost, it is a sad thing. Maybe not just me bitcoin users would also feel the same thing. So we better keep it well.

Seaze007

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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.

Fear in bitcoin is one day it will be vanished and I am so sad because their are young ages of next generation that deserve to know about bitcoin. Because now a days bitcoin is so famous every people in this world using bitcoin. So don't allow that bitcoin will be gone.

Topic: Fear of bitcoin - page 9. (Read 1894 times)