Topic: Indonesian Government Banned Bitcoin - page 7. (Read 2016 times)
This is really a pity. Another country quit bitcoin. Bitcoin is recognized by more and more people. More and more people are willing to invest bitcoin. The potential of bitcoin is huge. More and more places are starting to accept bitcoin payments. I think that banning bitcoin in some countries is a wrong choice.
I am Indonesian, after about 6 years living with bitcoin life, mining, trading and join bitcoin community, from mining and trading i got more income and others benefit but what happen now? bank central of indonesia will ban bitcoin, Fucking stupid Indonesian government
https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
The irony is that Indonesians are quite active here in the forum, recognizing the value of the cryptoindustry. Hopefully that is only a scare and wouldn't come to fruition.
Do you already have alternative methods to encash your bitcoins? Obviously they'd close down exchanges to prevent bitcoins getting changed for fiat.
I just hope our country don't follow suit. We are just nearby, imagine if all the other ASEAN governments get the same idea as Indonesia's.
Very disappointing. In recent years Indonesia was thriving towards being at the forefront of technology. They are even developing smart cities, a perfect match for blockchain technology use cases. World governments are starting to realize the magnitude of the global financial paradigm shift that bitcoin is. We can expect to read more and more news such as this and I wouldn't be surprised if the USA will try to put the final nail in the coffin. I have no doubt that in the long run they will all fail.
i have not heard any official statement from indonesian government.
There is not official statement yet about Indonesia government ban Bitcoin, even i didn't received announcement from the biggest exchanger in Indonesia about this restrictions. Although government ban Bitcoin we can use VPN and cash out using another methodThe number of transactions in the country of Indonesia can be regarded as top ten.
Number of transaction in Indonesia not in top ten, not even in top 100 (AFAIK) it's just around 0.15% from all transactions 
What seriously!?? Nooo. I hope that they will accept bitcoin, knowing bitcoin is becoming popular know and many people depend on it.
But what now? Banned it? Damn it! My source of living is from bitcoin and what i'm gonna do if bitcoin is banned?
I even just start, haven't get anything great and valuable here.
I hope it's just fake news, or they will reconsider their decision.
But what now? Banned it? Damn it! My source of living is from bitcoin and what i'm gonna do if bitcoin is banned?
I even just start, haven't get anything great and valuable here.
I hope it's just fake news, or they will reconsider their decision.
This is sad news. But this is something that cannot be avoided since governments and banks can be threatened by the existence of bitcoin. And instead of getting in and collaborate with cryptocurrency to improve services, they decide to ban it.
But the most they can do is to ban the exchanges where you can exchange your bitcoin to fiat. But they cannot totally ban bitcoin because they have to shutdown the internet to do it.
But the most they can do is to ban the exchanges where you can exchange your bitcoin to fiat. But they cannot totally ban bitcoin because they have to shutdown the internet to do it.
I'm not sure the Indonesian government will really banned bitcoin. I think this is just media maneuvering and jealousy of government banks because investors are already looking at bitcoin as an investment rather than depositing their money in banks that must be in taxes
for global effect I think it will not be so disturbing on the stability of bitcoin and other crypto. but I doubt what will be done by bank Indonesia. maybe they will ban and not be final. I dont know much about the law. but the ban is only on banks and not from the central government.
Actually...
It is quite stupid from this government to ban it.. But it won't change anything in your everyday life. Bitcoin is anonymous so... You are actually not affected by such kind of decisions.
I mean, of course it is better if you can operate legally but if not.. will nothing changes!
It is quite stupid from this government to ban it.. But it won't change anything in your everyday life. Bitcoin is anonymous so... You are actually not affected by such kind of decisions.
I mean, of course it is better if you can operate legally but if not.. will nothing changes!
I am Indonesian, after about 6 years living with bitcoin life, mining, trading and join bitcoin community, from mining and trading i got more income and others benefit but what happen now? bank central of indonesia will ban bitcoin, Fucking stupid Indonesian government
https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
the decision is not final. and I dont think I care at all. I do not think it will have much effect on bitcoin stability if that happens. I dont think the bank will be able to manage what people want. only prohibit not by legal action.
inb4 bitcoin crash
Either bitcoin will experience a correction from all the indonesians selling off their coins, or, they will simply find a way to circumvent the bans using VPN, Tor, etc. People will always find a way and now is a good time to research for ways to keep yourself anonymous online. Good luck my friend
Either bitcoin will experience a correction from all the indonesians selling off their coins, or, they will simply find a way to circumvent the bans using VPN, Tor, etc. People will always find a way and now is a good time to research for ways to keep yourself anonymous online. Good luck my friend
Actually, you can not blame the governments of your own country. You can also see another China in the developing world, where bitcoin will make a lot of capital flow into western countries, and the state must curb this trend.
This would be sad news for many Indonesian here in our bitcoin community but we cannot help some governments really thinks bitcoin is not good and that it will only harm the economy. Maybe in future time if they will see the development of crypto currencies and realize it can help a lot of people and even a country those country will un-banned bitcoin and rather support its market.
I am Indonesian, after about 6 years living with bitcoin life, mining, trading and join bitcoin community, from mining and trading i got more income and others benefit but what happen now? bank central of indonesia will ban bitcoin, Fucking stupid Indonesian government
https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
Yeah it is really hard to digest because Indonesia is a big populated country if they ban bitcoin it may affect the price increase of bitcoin.Many countries started to oppose bitcoins due to its huge price increase in recent time they think that bitcoin will replace their national curreny so they are banning them.But still bitcoin can be used in banned countries because no one can trace bitcoin transactions.
I live in Indonesia. This is still a debate, still a rumors. If anything happens, then there is nothing to worry about, except we have to move Btc assets from local exchanges to abroad.
Another country that will be left in the dust, the problem with your government instead of doing research, they do what mostly normal people do, they listen to the neg rap. Governments are just people that are ruled with no brains.
I agree, they do what mostly normal people do, instead of doing research. Clearly, the government of Indonesia doesn't have the human resources to be able to adopt this technology yet.
I think this will not help the government in anyway. Because what we see here is random countries going down with the bitcoin. First was china, Korea, zimbamve and now the Indonesia. But anyway you should check whether there is OTC trading is allowed or not which has been made available to people of Korea now as alternative to the direct investment into ICO programs and stuff like that.
The thing is government will ban bitcoin but the trade will never stop in the country thats for sure. This actually create black spots within the countries, illegal trading of the bitcoin or more or less black market which everyone knows of. This way country’s wealth is ruined by putting into internet and then driving the market out of the country. People never pay the tax then, because it is illegal to use and thus it disturb the country’s economy in obvious negative ways.
So you see here they are actually creating the problem. And before my country’s government ban the tax they should really read my post here. Lolz!
The thing is government will ban bitcoin but the trade will never stop in the country thats for sure. This actually create black spots within the countries, illegal trading of the bitcoin or more or less black market which everyone knows of. This way country’s wealth is ruined by putting into internet and then driving the market out of the country. People never pay the tax then, because it is illegal to use and thus it disturb the country’s economy in obvious negative ways.
So you see here they are actually creating the problem. And before my country’s government ban the tax they should really read my post here. Lolz!
Some countries allow bitcoin, some forbid. This is normal. Over time, they will allow, I think. And yes, it's foolish to put bans
I am Indonesian, after about 6 years living with bitcoin life, mining, trading and join bitcoin community, from mining and trading i got more income and others benefit but what happen now? bank central of indonesia will ban bitcoin, Fucking stupid Indonesian government
https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
Yeah it is really hard to digest because Indonesia is a big populated country if they ban bitcoin it may affect the price increase of bitcoin.Many countries started to oppose bitcoins due to its huge price increase in recent time they think that bitcoin will replace their national curreny so they are banning them.But still bitcoin can be used in banned countries because no one can trace bitcoin transactions.
yes...sameme too
I think this is a temporary act because most countries in the world can not ban Bitcoin and are watching Bitcoin as the trend of the world. If indonesia prohibits real Bitcoin, they are going against the trend of the currency
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