Why do they keep saying bitcoin is illegal? - page 2.

mevmike

full member

Activity: 294

Merit: 100

Because they don't know anything about bitcoin and cryptocurrency as a whole.
This might be their defensive mechanism.
On the first place how can they even say that bitcoin is illegal whereas there are no laws passed against it yet.
Yes there may be countries that already treated bitcoin as illegal.
But I am sure that the rest of this countries do not have laws against its use.
So if you hear them tell again that bitcoin is illegal...
Kindly ask them what are their basis...
Cheesy

Honest Tim

hero member

Activity: 768

Merit: 1000

Quote from: DaMut on September 05, 2017, 10:06:16 PM

indeed some of them think about it that way,
or they are afraid to get busted by the goverment because of it.
Bitcoin is like your assets,which mean you need to pay the taxes for every assets that you own.
but the goverment obviously can not track our Bitcoin because they can not,
Bitcoin known as an anonymity assets
that is why some people thought,using Bitcoin was like doing something illegal because we do not need to pay the taxes.

in my opinion,you should not worry about what people said because it's safe for now,
and plus i don't like the taxes,they will rob your money for their own using 'taxes'.
as long as you do not tell them about how much do you have,i think it's nothing to worry about

Bitcoin is not at all taxable as it is considered as an asset by government. But when you sell your bitcoins and at that time you have to pay taxes on the capital gains gained by selling the bitcoins. And bitcoins as a matter of fact have been banned by some countries.

diegz

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★YoBit.Net★ 350+ Coins Exchange & Dice

I don't really get your question exactly. Do you mean Bitcoin or this site is illegal?

Anyway, when it comes to this site, this is not illegal, this won't run up to now when this is illegal.

Regarding Bitcoin, usually people's perception about Bitcoin is like that. It is some sort of stereotyping. Maybe they have a terrible experience about internet money(paypal) or whatever that includes money, which is sometimes a fraud.

xSkylarx

hero member

Activity: 2366

Merit: 594

They keep saying that bitcoin is illegal because they don't have idea on what is bitcoin and they only think that bitcoin is only usable in the deepweb or in the underground type of internet and that is why we need to teach other people to realized that bitcoin is not all about illegal stuff because bitcoin is more usable in legal way.

allthebitandbobs

sr. member

Activity: 1162

Merit: 252

Quote from: TanClan98 on September 05, 2017, 08:22:15 PM

Why do they say bitcoin is illegall? I mean I read topics about bitcointalk.org is illegal?
Please do inlighten me.

In certain countrys owning bitcoins is illegal .Also if you instead to use then to avoid certain laws (dumb unjust laws or not) guess what you now holding illegal bitcoins Wink

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Domineum

newbie

Activity: 39

Merit: 0

people that doesn't understand something will call it illegal. Specially because if they don't understand it they will be less interested in looking that it is actually NOT illegal.

What I mean is that is easier to call it illegal than doing some research.

aizen10

full member

Activity: 546

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Quote from: TanClan98 on September 05, 2017, 08:22:15 PM

Why do they say bitcoin is illegall? I mean I read topics about bitcointalk.org is illegal?
Please do inlighten me.

they keep saying that bitcoin is illegal because they not educated by this bitcoin, and our forum (bitcointalk.org) is all related to bitcoin so they all can say that our site is illegal with those who negative thinking and not even educated in bitcoin. bitcoin now is worth unimaginable price in terms of value so if those people not educated in bitcoin then they known a few things or they just invite by someone so they first impression is negative and not to believe and maybe they say to its illegal to earn more than their current job. we dont have no choice but to accept that they not believing in what do they need to know about bitcoin.

ludbega

hero member

Activity: 840

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The All-in-One Cryptocurrency Exchange

In Belgium, Bitcoin is not illegal. I can buy things with that.
In most of Europe is the same.
In Vietnam, in India, in Japan same recently.

Bitcoin is the future. We know all that.

Indighost

newbie

Activity: 42

Merit: 0

many people don't have bitcoin to succeed, mostly the big financial institutions.. it will take them out of business

radhekrishna

jr. member

Activity: 33

Merit: 1

Quote from: endlasuresh on September 11, 2017, 12:22:26 AM

I have heard same thing in the past Bitcoin is illegal in India, but some sites say it is Legal. Now I just seen on Wikipedia from above link that Bitcoin is Legal in India. Grin

Bitcoin nor legal in India nor illegal , People still using without any tension and paying Their taxes , Even banking system use this service to transfer the funds. then how you can say bitcoins ban in India .....

Venidici

newbie

Activity: 5

Merit: 0

Because they're trying to lower the price, so they can buy it cheaper.
They probably still regret doubting the tech while it only cost less than $100 /coin.

radhekrishna

jr. member

Activity: 33

Merit: 1

Bitcoin is not illegal it depend upon your country in which you are living like in india its not legal as well as china also ban ISO of bitcoins because of it there was drastic change in price of bit money

endlasuresh

full member

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I have heard same thing in the past Bitcoin is illegal in India, but some sites say it is Legal. Now I just seen on Wikipedia from above link that Bitcoin is Legal in India. Grin

xiboothrezi

sr. member

Activity: 1246

Merit: 285

most people are still afraid and consider bitcoin unsafe. like just a hot issue that will quickly disappear as well. besides that, bitcoin is integrated directly with its users, there is no special governing agency

Arkham Knight

full member

Activity: 532

Merit: 100

Don't listen to them and start earning bitcoins. They are the haters that don't want to see bitcoin succeed.

banake

member

Activity: 109

Merit: 100

Government cant control and manage Bitcoin so they think Bitcoin is illegal

I think Bitcoin can't be controlled by any government. This is a feature of Bitcoin! Its only be controlled by the community!

dlhezter

full member

Activity: 434

Merit: 100

Quote from: TanClan98 on September 05, 2017, 08:22:15 PM

Why do they say bitcoin is illegall? I mean I read topics about bitcointalk.org is illegal?
Please do inlighten me.

i dont think why they keep saying that bitcoin is illegal, but for me it totally legal because its useful, at the same time you can earn profit from it so how could it be become illegal? OP dont mind those people keep saying that bitcoin is illegal because they are the illegal not the bitcoin.

portotoi

full member

Activity: 280

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Blockchain with a Purpose

i am a newbie here...and just joined two days before...but i did not even think it is illegal... my friend is also a member...and fortunately enjoying the benefits....so please don't be afraid...maybe those people saying bitcoin is illegal because they are just making fun...or maybe distracting us!

FomoATH

full member

Activity: 176

Merit: 100

Quote from: TanClan98 on September 05, 2017, 08:22:15 PM

Why do they say bitcoin is illegall? I mean I read topics about bitcointalk.org is illegal?
Please do inlighten me.

To frighten people so that the production of crypto-currency does not develop. After all, it's easy to understand, they can not regulate it, they can clean up their hands and have at least a small percentage, that's what they say is illegal.

RenBct

member

Activity: 233

Merit: 10

It is not illegal it is approved by the sales etc
. Grin

People are saying it's illegal because you earn alot in a short period of time and that is COMPLETELY legal. Illegal is you stole BTC (of course). Grin

Topic: Why do they keep saying bitcoin is illegal? - page 2. (Read 2413 times)