If bitcoin has enemy (except altcoin) what is it? - page 3.

szpalata

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Quote from: dmamigo on September 24, 2017, 02:05:39 PM

Other than altcoins, basically it will be any financial body of governments, such as Bank and other regulating bodies. Also the users who panic a lot is also a kind of enemy as well, and also the people who still haven't understood the capability of Bitcoin and talk trash, I am talking about peoples who have influence over others.

Panic sellers I think are responsible for the instability of Bitcoin and it is their lack of understanding and nativity that makes them sell when the prices take a tumble. Their actions often results in price fluctuations .

Pettuh4

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I think bitcoins enemies apart from Altcoins will be the people pushing for centralization or are hoping to regulate it and panic sellers in my opinion. These are the true enemies of Bitcoin because their actions often results in a tumble in bitcoins prices.

dmamigo

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Other than altcoins, basically it will be any financial body of governments, such as Bank and other regulating bodies. Also the users who panic a lot is also a kind of enemy as well, and also the people who still haven't understood the capability of Bitcoin and talk trash, I am talking about peoples who have influence over others.

AdamCooper

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I agree that it is the banks that don't like Bitcoin. Unless it gets regulated and/or the banks get hold of their own blockchains. Then they may rely on it.

Harrisonimo

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Well, aside other enemies bitcoin might be having aside d altcoins, we can have the government of the country vieing against it. A friend did say, as long as government isn't able to monitor the earnings of bitcoin through taxation then they will continue to pose as a threat to bitcoin in the different countries. So, the government is a body and can be convinced if taxation with bitcoin is introduced but can be a killer if there is a threat.

ZaraArun

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Quote from: MarkAvatar on September 03, 2017, 10:34:47 AM

You can tell me anything what's bitcoin worst enemy is...

Mine is, government!

Haha.. Jamie Dimon from JP Morgan... I think Bitcoin will have to cross many hurdles and challenges..
And these resistance will come from the Banks and Governments Alike:
Banks because Bitcoin is an parallel currency will be in direct competition to the fiat
Government because of the Decentralized and Private Nature of Bitcoin transaction.. They will have a had time tracking tractions and taxation will be difficult

josephinerosdy

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Quote from: Bizrenz on September 23, 2017, 10:58:05 PM

INTERNET AND ELECTRICITY Roll Eyes

LOL. totally TRUE that's Stronger Enemies Grin

without internet you cant earn bitcoin and without electricity you cant connect to internet.

Bizrenz

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INTERNET AND ELECTRICITY Roll Eyes

Sithara007

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Altcoins don't even qualify as the enemy of Bitcoin. They have far few users and acceptability to qualify as the enemy of Bitcoin. IMO, the real enemy of the Bitcoin is the central banks and the government authorities. They have the power to greatly harm the adoption and expansion of Bitcoin. What happened in China recently is a perfect example for this.

crypto4lambo

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As for me, bitcoin's worst enemy is the bank or any financial institutions who regulate fiat currency. They can't control it.It will be a real threat for them if bitcoin will dominate the financial market. Less money for them, more freedom for the users. But as the saying goes, Be close to your friends, but closer to your enemies. Let us see what will they do to deal with it.

Polonium

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The ultimate enemy for bitcoin will definitely the central bank which bitcoin is designed to topple. Bitcoin is designed to replace the current system of currency which the banks are part of, so they would definitely do whatever it takes to stop bitcoin advances to maintain the status quo. The question is how long.

Nerman

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I truly believe that the government is the number one enemy of not just Bitcoin but all cryptocurrency. As we see on China they have banned ICO and right now the market have recovered. But what if all government follows China our coins will be considered on the black market.

Next enemy are scammers, they take advantage of people who are not yet familiar with Bitcoins.

if you are just a new investor and you have invested with a scammer and lose all your money then you will believe Dimon that Bitcoin is a fraud and lose interest or hate Bitcoin.

zarados

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Quote from: MarkAvatar on September 03, 2017, 10:34:47 AM

You can tell me anything what's bitcoin worst enemy is...

Mine is, government!

I cant say that the government are the main enemy for bitcoin. Though there's a group of government who support it in many ways. There will be no legalization in country without governments take place in it. In case of china, the governments are view bitcoin as a threat to economic crime. So I thought perhaps the altcoin is the main threat for bitcoin, not governments. And I also looking a bank as the bitcoin enemy because I've heard that they already declare a war againts cryptocurrency.

erickkyut

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Right now I think it is the government who are against Bitcoin. They are doing anything they could to make Bitcoin go down. They don't like it because they have no control over it and tey cannot get from it. Aside from them, the bashers of Bitcoin are also its enemy. They keep on telling that Bitcoin is a FUD or SCAM. They are just bitter because they can see a lot of people who are changing their lifestyle because of Bitcoin.

hajimasan

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Quote from: MarkAvatar on September 03, 2017, 10:34:47 AM

You can tell me anything what's bitcoin worst enemy is...

Mine is, government!

In my opinion government is nit the enemy but the main enemy are only selected people who are using bitcoin for money laundering ,for ilegal activities , for earnings without paying tax , transfer of money without record to have , dark web to steal data deal payment .
So here you can understand well that why the government take action against the bitcoin and taking action also against to those people.
And I think it is duty of the government to make the better combination to use bitcoin and another cryptocurrency for Better thing and honestly ways .
Well here everyone is intelligent and also knows that in which way we should use and also in these days every country is looking to make better rules and not going to ban bitcoin at any condition Because they can ban but can't stop people to use bitcoin .

Sweetbtc

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Quote from: ipanks on September 23, 2017, 03:34:33 AM

Quote from: Omega Weapon on September 22, 2017, 09:59:21 PM

Quote from: crismass1225 on September 16, 2017, 11:55:19 PM

Like everybody worst enemy it is our self and bitcoin worst enemy is bitcoin, if there no development improvement and innovation in bitcoin it will stuck on it and users will switch to other crypto. I dont think that government are one of the worst enemy of bitcoin as the government duty is to make and impose the law for the better of a nation. Banks are not the enemy also as bank has establish their reputation long time ago.

Governments are the worst enemies of bitcoin, while in theory governments should strive to improve the country, the truth is that most governments only exists to serve themselves and they are trying to impose their rules not to benefit the population but to benefit themselves, this is why they do not like bitcoin, because bitcoin benefits the population but not them.

i imagine if government is accepting bitcoin and they can learn and they can integrate with blockchain technology into their technology, it would be great for people. governments can fix the economy to the better system while people can solve the poverty beside that with bitcoin, i think in the end, both government and people can be grow to the better system economy.

I agree with you that government is the worst enemy of bitcoin more than the alt coin. Due to the opposite vision of government in terms of economic status and money generating, so government really hate bitcoin because they cannot get anything in every transaction done with it

severaldetails

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I see naivety as a problem of bitcoin.
Many people believe all the rumors and fake stories that occure over and over again without using their heads.
That brings them to make impulsive moves on the markets which sometimes trigger a domini effect.
And that is bad for all the bitcoin users.

ipanks

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Quote from: Omega Weapon on September 22, 2017, 09:59:21 PM

Quote from: crismass1225 on September 16, 2017, 11:55:19 PM

Like everybody worst enemy it is our self and bitcoin worst enemy is bitcoin, if there no development improvement and innovation in bitcoin it will stuck on it and users will switch to other crypto. I dont think that government are one of the worst enemy of bitcoin as the government duty is to make and impose the law for the better of a nation. Banks are not the enemy also as bank has establish their reputation long time ago.

Governments are the worst enemies of bitcoin, while in theory governments should strive to improve the country, the truth is that most governments only exists to serve themselves and they are trying to impose their rules not to benefit the population but to benefit themselves, this is why they do not like bitcoin, because bitcoin benefits the population but not them.

i imagine if government is accepting bitcoin and they can learn and they can integrate with blockchain technology into their technology, it would be great for people. governments can fix the economy to the better system while people can solve the poverty beside that with bitcoin, i think in the end, both government and people can be grow to the better system economy.

Omega Weapon

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Quote from: crismass1225 on September 16, 2017, 11:55:19 PM

Like everybody worst enemy it is our self and bitcoin worst enemy is bitcoin, if there no development improvement and innovation in bitcoin it will stuck on it and users will switch to other crypto. I dont think that government are one of the worst enemy of bitcoin as the government duty is to make and impose the law for the better of a nation. Banks are not the enemy also as bank has establish their reputation long time ago.

Governments are the worst enemies of bitcoin, while in theory governments should strive to improve the country, the truth is that most governments only exists to serve themselves and they are trying to impose their rules not to benefit the population but to benefit themselves, this is why they do not like bitcoin, because bitcoin benefits the population but not them.

StonedWolf

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It will definitely be hackers, do to the fact that they threat the security of funds of bitcoin, by their virus and their websites, while security is the key of people's trust in bitcoin.

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