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Topic: War on cryptocurrency! - page 12. (Read 4228 times)

legendary
Activity: 3248
Merit: 1179
July 06, 2018, 05:25:44 AM
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

That is a bit of an overstatement I would say. Governments are concerned about taxes and politicians are going to take advantage of the banks and industries to control this new market. The war will be on the communities.

This is exactly so. The taxes are what the government want and want to do everything possible to tarnish the image of bitcoin. I believe they will understand it one day and support bitcoin.

It's not a bit overstatement, it's huge. There aren't many governments that banned bitcoins, just few of them and as I can read on internet people from this countries didn't stop with using crypto because of the ban, they are working under the radar and that is what would I so if my government do something similar.
Crypto is the one who declared a war to current monetary systems across the world. Underestimated, small, with just a handful of people look where we are now, we keep on growing and taking more and more companies and governments under the crypto flag!
jr. member
Activity: 75
Merit: 1
July 06, 2018, 05:19:30 AM
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

That is a bit of an overstatement I would say. Governments are concerned about taxes and politicians are going to take advantage of the banks and industries to control this new market. The war will be on the communities.

This is exactly so. The taxes are what the government want and want to do everything possible to tarnish the image of bitcoin. I believe they will understand it one day and support bitcoin.
jr. member
Activity: 286
Merit: 3
July 06, 2018, 05:07:46 AM
Since there are so many altcoin in the market today, they compete a lot in all aspects, so I do not think it's a good idea to focus on investing or holding. Project to choose the best ICO
The traffic sometimes increases and sometimes decreases which is clearly showing on the graphs. Due to traffic the value of Bitcoin increases and when the traffic reduces then the value decreases I mean to say about demand rate.

The current market shows that demand rate has decreased and that is why the value is low but this low value will attract people again and the market will go high because Bitcoin is available on such low price that is why they want to get benefit from this favorable market.
The price of bitcoin is a very cheap deal and people should not miss it because if they will not get those cheap bitcoins then they will regret it for the rest of their lives. Bitcoin has a panic selling scenario for the past few weeks but it is now recovering and it is now healthier than before which is a great news for the holders because it means the price of bitcoin will go up sooner than later.
This is not about what the people want. This is all about what the government does. I will not call it a war because calling it a war will be a bit over exaggeration but yes many countries across the world have banned the crypto currency just because it can pose a possible threat to the economic status of its people and also to the policy instruments of the government like the fiscal policy and monetary policy. There is a long list.
hero member
Activity: 2898
Merit: 639
July 04, 2018, 08:05:06 AM
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
Well, most of the countries I know that banned cryptocurrencies are those ones that are not yet developed. But if you look at it, there are majority of developed countries that are into cryptocurrency and allows their citizens to make use of it. So if you ask me, this kind of war is an easy war.

All those countries have made their choice and you don’t have no right to tell them what to do. If they feel like Bitcoin is having negative impact to their country, then it’s their right to stop citizens from making use of it.
hero member
Activity: 980
Merit: 506
July 03, 2018, 07:27:53 AM
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Becuase some country they dont accept bitcoin. Becuase the Government does not understand Bitcoin which can also be used by someone who wants to earn income, and they are trying their best to regulate or ban bitcoin to avoid future conflict when it comes to their interest. 
Because the governments do not want the crypto currency to reduce the power of its fiscal and monetary policies. Besides, the government wants its people to stay away and refrain from indulging in illegal activities like dealing in drugs which could be paid for in Bitcoin.

Besides they may also ban the crypto to restrict its people from investing their hard work earnings in crypto which is sometimes risky.
full member
Activity: 327
Merit: 100
Open and Transparent Science Powered By Blockchain
July 03, 2018, 06:10:51 AM
The reasons of course our money. In my country politics are used to steal, so with blockchain and decentralization would came up and my country they would not be able to do that anymore.
newbie
Activity: 266
Merit: 0
July 03, 2018, 05:44:40 AM
The war on digital currency does not really make sense, as the society develops and seeks to move from fiat currencies (strictly controlled) to digital settlements, without lack of control. Naturally, this can not but be liked by those who essentially lose control over the system.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
July 03, 2018, 04:25:22 AM
Since there are so many altcoin in the market today, they compete a lot in all aspects, so I do not think it's a good idea to focus on investing or holding. Project to choose the best ICO
The traffic sometimes increases and sometimes decreases which is clearly showing on the graphs. Due to traffic the value of Bitcoin increases and when the traffic reduces then the value decreases I mean to say about demand rate.

The current market shows that demand rate has decreased and that is why the value is low but this low value will attract people again and the market will go high because Bitcoin is available on such low price that is why they want to get benefit from this favorable market.
The price of bitcoin is a very cheap deal and people should not miss it because if they will not get those cheap bitcoins then they will regret it for the rest of their lives. Bitcoin has a panic selling scenario for the past few weeks but it is now recovering and it is now healthier than before which is a great news for the holders because it means the price of bitcoin will go up sooner than later.
member
Activity: 255
Merit: 10
July 03, 2018, 03:42:02 AM
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
I think that people are usually afraid of those things that they do not understand, and our American people are too lazy to get deep into Bitcoin, so if the government would studying the opportunities and make a user's of them...
member
Activity: 994
Merit: 14
July 03, 2018, 02:32:42 AM
It is all politics to get the people to play to their game, they are aware of the high cost of traditional banking system. They want to take control of the  new ssystem, reason they are ranting regulations.
hero member
Activity: 998
Merit: 504
July 03, 2018, 01:39:53 AM
Since there are so many altcoin in the market today, they compete a lot in all aspects, so I do not think it's a good idea to focus on investing or holding. Project to choose the best ICO
The traffic sometimes increases and sometimes decreases which is clearly showing on the graphs. Due to traffic the value of Bitcoin increases and when the traffic reduces then the value decreases I mean to say about demand rate.

The current market shows that demand rate has decreased and that is why the value is low but this low value will attract people again and the market will go high because Bitcoin is available on such low price that is why they want to get benefit from this favorable market.
sr. member
Activity: 490
Merit: 250
July 02, 2018, 02:42:54 PM
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
I don't think the governments is declaring war against cryptocurrencies what they are doing is protecting peoples money and they want to make sure that this new innovation will actually help the economy. And also they want to make the people who earns bitcoin to pay tax and since crypto is decentralize its going to be hard for them to track all of us who earns crypto not unless we declare it how much we really earn.
hero member
Activity: 882
Merit: 500
July 02, 2018, 12:43:26 PM
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
Only those countries are doing war against the cryptocurrency who have no ideas , no rules , no ability to control over the cryptocurrency . And they are not able to make new rules over it , so they are going against the bitcoin and another cryptourrency .
But in actual matter is totally different , here everything is possible , there are many countries who have made better rules and regulations system and also they are getting lots of tax from the bitcoiners .
So here I think need to change the mentilty over the use of cryptourrency and have to made a better team management to analyse and make better rules , because ban of cryptourrency is not a solution of the problem .
 Hope such types of wars will end and we will be able see cryptourrency as a better thing and universal payment system in this world.
full member
Activity: 518
Merit: 100
July 02, 2018, 11:18:02 AM
Many countries have in war with crypto because they do not allow other currencies to trade in the countries and people will not give interest in their own currency and due to the virtual nature people would love to use and trade these currencies so i think there are some bitcoin friendly countries  doing well for bitcoin and other crypto.
Yes there are some bitcoin friendly countries, and I hope that they're experience would be came an example for different countries, on how that cryptocurrencies can be positive.

People will experience how to use bitcoin if it's legal in their country, well not all can experience it because we all need is to know crypto currency first before we enter on it.
full member
Activity: 327
Merit: 100
Open and Transparent Science Powered By Blockchain
July 02, 2018, 10:30:41 AM
Many countries have in war with crypto because they do not allow other currencies to trade in the countries and people will not give interest in their own currency and due to the virtual nature people would love to use and trade these currencies so i think there are some bitcoin friendly countries  doing well for bitcoin and other crypto.
Yes there are some bitcoin friendly countries, and I hope that they're experience would be came an example for different countries, on how that cryptocurrencies can be positive.
full member
Activity: 532
Merit: 106
July 02, 2018, 09:08:40 AM
This is because of the wrong view of the government in the crypto currency. Maybe because of this misuse especially in bitcoins. Bitcoins are used with investment scams. It is used as a means of payment of course quick and no fee. So eventually it becomes a scam and new investors will lose investment that will change their view of bitcoin.
member
Activity: 351
Merit: 10
July 02, 2018, 07:52:50 AM
Actually this is a matter of business competition. Some people try to develop a negative issue about crypto, to speculative financial products, and no legalitation are all on the wrong list. They only see from the negative side and not the ease & benefits
jr. member
Activity: 378
Merit: 1
July 02, 2018, 07:16:32 AM
My opinion is that in this way they themselves make the crypto currency popular. Because competent leaders simply would not mention this and there would not be such an excitement. And they make good advertising for crypto-currencies.
sr. member
Activity: 490
Merit: 258
July 02, 2018, 06:40:08 AM
There is no such thing as WAR on crypto. Unless you live in a place where people are high on weed. No i am just teasing you.

Anyway, government wants to tax you, and take a portion of your profit, that is that simple. No need for war, unless they are able to come up with an agenda stating that crypto is bad for the health (same as what they did against marijuana).
full member
Activity: 420
Merit: 102
June 30, 2018, 07:27:59 AM
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

From what i understand, its a war about currency exchange value and they want make a bigger export value. Like china currency, china always peg their currency againts dollar lower and hoping their goods price will more cheaper and increasing their export
Cryptocurrency is a modern market which has a lot of coins but some best are most rated and recommended coins in which people are investing the most. People are investing in the Bitcoin for long term and also Ethereum is favorable for long term because its value is also better and 2nd after the Bitcoin. Other short term investments are also there but people are demanding for both in short term and long term, currently it is not a well demand but it will increase soon.
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