Topic: Many Countries Government trying to stop bitcoin, what reason ....... - page 3. (Read 1518 times)
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
January 01, 2019, 11:35:19 PM
The most reason why the governments were trying to stop bitcoin is that they cannot control bitcoin and they cannot even touch it. They only can see the transaction is made in every second and it show thousand transaction that getting confirming one by one. But if they can accept bitcoin and cryptocurrency, I think it will gives benefits to them and I think they can find the benefits by searching and reading on the blockchain technology whitepaper so they can have an idea how to implement the blockchain to their system.
January 01, 2019, 10:37:44 PM
Well, honestly I am also one of those crypto users here still wondering why government are keep on stopping the Bitcoin crypto currency. But I have a little gasp of it that government not want to stop it but want to have control over it. And thanks to the country I am oiving because the government are not stopping or banning the use of it.
January 01, 2019, 10:13:20 PM
There is always those fears of losing economically. I heard too many times when a government officials go out of our country for a vacation, critics would be there saying he or she is just wasting the governments money. By simply analyzing this little instance of expenditure I would say that with bitcoin you can do just the same. You may not be moving out, but you can buy things online using bitcoin or transfer mo ey using bitcoin so that it means you can use your available money to spend for something which is out of your country and this if done by volume can be a loss to your economy. But on the other side, you can gain as well if too many comes in and less money goes out using bitcoin. Other reasons include the use of bitcoin for criminal activities which I don't have first hand data though it is just what I heard about. Whether whatever reasons there is, bitcoin still wonderful and should not be blamed for any misuse. Its the people who use it that makes it bad or good.
January 01, 2019, 09:02:44 PM
well many countries try to stop bitcoin because they feel it is a risk as people can get to loose their money and this may lead to suicide or something bad. other government try to stop it because they can not control it and government normally does not like anything they can not control
I guess if the problem is just what you say then it's the easiest thing to solve. Every bitcoin user or investor who comprehend about investment in bitcoin they can provide an education to people who are interested on bitcoin, they can create a community or create a class to talk about how to invest in bitcoin. Everyone who just know bitcoin will be interested in investing in it, many people will get huge profits from investing in bitcoin. For a place of investment that promises, I think bitcoin is one of them, but with many notes, every investor must be able to manage their emotions, their greed and other negative things. January 01, 2019, 08:14:09 PM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
Money laundering, terrorist funding, buying of weapons and illegal drugs are some reasons why government in respective countries started to stop using Bitcoin but not all of them prohibit the use of it because there are still a lot of countries that accepts Bitcoin as a mode of payment though they implement a regulation on local exchanges. Some countries that ban or prohibit the use of Bitcoin are now taking steps to adopt it. January 01, 2019, 07:38:13 PM
countries government try to stop use of bitcoin because they feel its volatile and may lead to their citizens loosing money which could lead to some of them commiting suicide. some country also try to stop bitcoin because they feel it is something they have no control over and for sure government fight anything they cannot control
December 30, 2018, 02:20:34 PM
They want to stop it because they can't control bitcoin, people can pay anonymously, so this is the pain in the ass of goverments 
Good material mate. I think besides the control aspect, many governments are not trusting the crypto currency market and its assets because of its unreliability and volatility. I mean, a government is there to safeguard the interest of its people, thus, if they see investments that would affect their citizenry for the worse, they would try to stop and avoid it from flourishing, which in turn, would save their people from the imminent failed investments and money loss.
December 30, 2018, 11:31:52 AM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
Every country has their own reason why the Dont wana let cryptocurrency specially bitcoin to enter their economy,first reason is the corruption in which will surely stopped because of the decentralization system cryptocurrency hasSecond the opportunity of criminality to grow because of the anonymity crypto has,though even without bitcoin still these criminals continuously creating violence in the workd
December 30, 2018, 11:19:11 AM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
There are really countries that are against to bitcoin, the reasons are: its anonymity, decentralized and its unstable price. The bitcoin can use by anyone and the transaction is anonymous. Governments are aware that even criminals can use bitcoin in their illegal ways. 
December 30, 2018, 11:09:10 AM
Government dont like cryptocurrency because it is decentralised so it is not controllable and they cannot access the records. You cannot find the users behind the transactions so illegal activity is happening lot. They cannot manipulate bitcoin price like they do with fiat currency.
maybe many people misinterpret bitcoin as gambling or something else. and difficult for ordinary people to understand. and very complicated to invest. so the government banned circulating bitcoin. and December 29, 2018, 04:34:14 AM
Perhaps due to the fact that there were several cases of fraud with bitcoin now some States see it as a threat. However, this is wrong and biased.
December 29, 2018, 03:49:27 AM
They see him as a threat. After all, if bitcoin is accepted as a means of payment everywhere, it can jeopardize the use of Fiat money. No state needs this, so many countries want to ban bitcoin.
December 29, 2018, 03:34:02 AM
Government dont like cryptocurrency because it is decentralised so it is not controllable and they cannot access the records. You cannot find the users behind the transactions so illegal activity is happening lot. They cannot manipulate bitcoin price like they do with fiat currency.
December 29, 2018, 02:48:02 AM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
Most country in the world not like about bitcoin and trying to stop. But government can not stop bitcoin because its decentralized. Most government dont like bitcoin because its decentralized and they reason is bitcoin used for criminal activity.
December 28, 2018, 11:09:01 PM
Yes, there are many countries to prevent Bitcoin and altcoin for various reasons. They think that Bitcoin and crypto enhances money laundering, illegal ways of using money like terrorist activities. Bitcoin transactions is peer to peer transaction and it is decentralized. Government has no control over this transactions and they don't get any taxes from it. They think investment in crypto is very risky and hackable so they aware their people not to invest in Bitcoin and crypto. There are some reasons too.
yes you are right, that crime is feared by the government if it legalizes bitcoin because bitcoin can be used by anyone and in any form. yes indeed when we talk about crypto, the risk will always be there. there is no risk in this world, all at risk. December 28, 2018, 09:23:29 PM
Yes, there are many countries to prevent Bitcoin and altcoin for various reasons. They think that Bitcoin and crypto enhances money laundering, illegal ways of using money like terrorist activities. Bitcoin transactions is peer to peer transaction and it is decentralized. Government has no control over this transactions and they don't get any taxes from it. They think investment in crypto is very risky and hackable so they aware their people not to invest in Bitcoin and crypto. There are some reasons too.
December 28, 2018, 07:40:25 PM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
Bitcoin is freedom because it is decentralized and governments did not want a decentralized system. Bitcoin, take power from governments and give it to the people financially and that is what our politicians will not like. Blockchain technology discovered is one of the greatest discovered of mankind and you should remember that anything that will help humanity is not always accepted by the governments. We believe that the future is bright and we just need to allow bitcoin to be and in future governments has no option than to accept it.
It is the Regulation issues on Crypto Currency Digital Transaction, the effects on main stream market, the fear on Scammer, Money Laundering, and the possibility of using Crypto Market on payment/ transaction on Drugs. These just a few indicators that being confonted by crypto on glabal acceptance by the government.
December 28, 2018, 07:20:01 PM
Many of the countries that do not directly prohibit the existence of Bitcoin but they are not fully legalized. Bitcoin gives us freedom in terms of the economy such as transactions, money transfers and others as it is, while it is contrary to the rules applied by every government of a country, therefore the government will always try to regulate it even though it will be difficult.
Its true, a country can not prohibit bitcoin because its decentralized cryptocurrency and government dont have regulation on bitcoin. Many government put bitcoin in grey area, can not used as currency in merchant but allowed trade in local exchanger.
December 28, 2018, 06:00:49 PM
well many countries try to stop bitcoin because they feel it is a risk as people can get to loose their money and this may lead to suicide or something bad. other government try to stop it because they can not control it and government normally does not like anything they can not control
December 22, 2018, 11:45:46 PM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
For me the government is too negative about Bitcoin, which all know that bitcoin is an investment for the general public, so many people invest in bitcoin reason, no taxation, the process is easy, the profits are good, the government prohibits bitcoin. for me the government does not have to prohibit bitcoin from developing bitcoin into the biggest state asset. Jump to: