Topic: Why bitcoin is not supported in some countries? - page 65. (Read 98470 times)
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SUPPORTED and ACCEPTED are two different things. From my point of view, support has to do with being integrated into the economy while accept has to do with a person to person usage.
On the issue of support, bitcoin as a Cryptocurrency it is cannot be easily brought down on a day to day usage for transactions and payment. Bitcoin is not supported in my country because the technology required to use it is not available but it is acceptable, for instance if I have a Bitcoin enlightened Friend, we can choose to exchange and pay via Bitcoin.
On the issue of support, bitcoin as a Cryptocurrency it is cannot be easily brought down on a day to day usage for transactions and payment. Bitcoin is not supported in my country because the technology required to use it is not available but it is acceptable, for instance if I have a Bitcoin enlightened Friend, we can choose to exchange and pay via Bitcoin.
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
I think bitcoin is not supported in some countries maybe because one of the reason is the tax of bitcoin. Bitcoin is a tax free, and government needs tax for their projects or activities that they will do in their place or city. I think it is hard to them to accept bitcoin in their country because if that time comr they don't know where they will get their money for their plans.
It is lack of central payment system which could lead to people being financially harmed, In Bolivia they banned BTC because cryptocurrency are not issued and controlled by a gov't or unauthorized entity are so called illegal. In Ecuador they building electronic cash system, so they feel the need to protect their new currency from something clearly superior. A decentralized currency of finite production that cannot be manipulated by Gov'ts or banks might dim the lights on their new program in the eyes of the public, which offers non of those benefits.
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
First is because they've known that bitcoin are used in deepwebs and blackmarkets, it can also use for illegal transactions by the crimininals. Another is because government can't control it, and they think that bitcoin is threat to thier economy.
Bitcoin is not supported in some countries because they believed that bitcoin is the tool for crime, which people use it for laundering and other illegal payments or illegal activities. They think that bitcoin is a threat to their fiat currency.
Truth is a matter of perspective. We all have different opinions about certain things. Some countries do not support Bitcoin because they think it is a fraud or a bubble. They think that it will deflate one day after market correction, that is why they think it is not good to buy and definitely should be ban totally. We can't blame them. As long as we believe that this is the future, then let them be.
Probably because the state can not profit from Bitcoin. Bitcoin has indeed changed the lives of many people and can improve people's economy. But I think Bitcoin can be difficult to improve the country's economy if the state does not want to learn about Bitcoin and take advantage of Bitcoin. Nor will we deal with taxes and banks if we use Bitcoin. If we use Bitcoin transactions, we do not need to give a fee to the government. And if we keep Bitcoin, we will not keep it in the bank and the government will not be able to profit anything.
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
I think bitcoin is not supported in some countries maybe because one of the reason is the tax of bitcoin. Bitcoin is a tax free, and government needs tax for their projects or activities that they will do in their place or city. I think it is hard to them to accept bitcoin in their country because if that time comr they don't know where they will get their money for their plans.
bitcoins is not supported in other countries, i think because bitcoins is only controlled by the holders. si it means it is a treath to the government for it is not taxable. actually, in my country they even spread fake news about bitcoins.
Truth is a matter of perspective. We all have different opinions about certain things. Some countries do not support Bitcoin because they think it is a fraud or a bubble. They think that it will deflate one day after market correction, that is why they think it is not good to buy and definitely should be ban totally. We can't blame them. As long as we believe that this is the future, then let them be.
Same question and almost similar answers again and again, and now i feel that this page must be locked because everyone is explaining same things with different wordings.
It is the reality of the people are not now being in the bitcoin because all the people are aware of the ups and down of the bitcoin now but it does not mean the bitcoin value will get down or the bitcoin will not get the price and the profit because still thousands of the people are using bitcoin and it use to grow each and every day with the help of the bitcoin and the price of the bitcoin will be more than this in very short time.
The government does not like things that are not manageable, but bitcoin is one of them ... you know what I mean. Some countries believe that bitcoin can affect their economies, as they can not control bitcoin transactions as well as individual transactions. They can not tax these people.
LOLo one is really believing this FUD. Bitcoin funds are on a downwards trend already which is just maing it through since the people behind it is just pumping the gold coin to keep it alive. While bitcoin is rising high every month, coming in contact with new ATH one time or another. So hen you have look at this, I question someone will believed this FUD. Sorry, BCH has become regarded as another pump and dump coin to be able to inhale and live another day.wk. N
They loss the opportunity to make money if they will be affected with FUD, this will continue to circulate because whales are looking to bring the price down in a short period so they can take advantage and buy this cheap bitcoins.
Do not persuade them concerning the bitcoins, just reveal your personal fantastic times about how you have the ability to earn bitcoins and allow themselves think on how the bitcoin is important at the future.
bitcoins is preferred by practically every nation and needs to help bitcoins yet a few nations don't bolster bitcoins as a result of some administration issues so the reason a few nations don't bolster bitcoins temperedly yet soon they will likewise give finish support to bitcoins on the grounds that bitcoins is the gainful cryptocurrenciy and could tackle enormous issues like unemployment.
i think one reason why bitcoin is not accepted in some country is because the economy of their country is affected if bitcoin become popular and use by them.
probably because bitcoin can not be controlled by the country's government and the risk of stock market prices in his country could happen to plummet and also the absence of taxes etc so in countries not supported because it is out of control government if I think it is like that
I think some countries still have not been able to control bitcoin transactions so that they can collect taxes
Legal status of bitcoin varies among countries. Countries with developed economies have welcomed bitcoin. They have accepted it in their daily trade as legal currency. Countries like India are still undecided about the status of bitcoin, they have bitcoin exchanges but their central bank is warning its citizens not to use cryptocurrencies. Countries like China,Japan, Australia have earlier accepted bitcoin but now banning it for having security issues. Many third world countries still unaware of bitcoin, and even after having knowledge of bitcoin it is impossible for them to accept it due to lack of basic infrastructure like electricity, internet etc.
I think it’s not about that they don’t want to support bitcoin because bitcoin is very useful for every one and it always help to the people and as well as to the countries because bitcoin is such a currency which change a life of people and in many countries bitcoin play a very big role in their economy so I think with a passage of time rest of countries will start support bitcoin and I’m sure end of the year some more countries will also accept bitcoin. 
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
Maybe because they see it as a threat to their existing monetary system. If it is generally accepted in a certain country and is used for payments for services and commodities then fees and taxes cannot be collected and it is definitely a bad scenario for a certain government. Another reason is fear that it might be used for illegal activities like money laundering or financing of terrorist groups. 
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
Because of the many reasons that bitcoin has negatively impacted the national economy and caused inflation to impact the nation's economy. Jump to: