Indonesian Ban

[Sum24]

Do you think this will make bitcoin drop? Or will it have no effect?

Will not have any impact, the country that the biggest bitcoin users china does not have any impact, this is because bitcoin users are loyal and not affected with any negative issues.

Bitcoin don’t care about any these kind of banned because bitcoin have already faced such a banned before If you remember about china when china banned bitcoin so nothing happen to bitcoin although at that time bitcoin was not used to for world but after that incident bitcoin has been accepted by other countries and still more countries are going to accept bitcoin.

[jpoker272727]

Do you think this will make bitcoin drop? Or will it have no effect?

Will not have any impact, the country that the biggest bitcoin users china does not have any impact, this is because bitcoin users are loyal and not affected with any negative issues.

I think it’s now normal for bitcoin everyone know about china when china banned bitcoin so nothing happen to bitcoin and I think bitcoin is now accepted by more countries and still other countries are going to accept bitcoin even neighbor countries if Indonesia they have also accepted bitcoin so I’m sure Indonesia will review his decision.

[nelsledma]

Indonesia’s central bank, has threatened action against bitcoin and say

I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.

Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/

I'm afraid not for bitcoin but for them rather because they see things differently as we sees them. They say there is a risk, but does they think that there is no things existing without a risk. Risks are nothing compared to success. And if bitcoin can bring success to their community then why would you think for risks. I guess they are really against on bitcoin and they're just making some excuses.

Indonesian are doing wrong to themselves they are only seeing toward negativity but not toward the brighter side still improvements are under process and their concern will be sorted out but it will be late at that time, bitcoin is the leading way toward the development and progress and this coin has capability to give boost to the economy as well and banning it means saying goodbye to development and progress.

[muhammad-adnanzain]

Every country have own decision about bitcoin, they have own reason to ban bitcoin not tobe used on their region, bitcoin can still use on their region but government do not have obligation to protect user bitcoin.

[Baofeng]

Indonesia’s central bank, has threatened action against bitcoin and say

I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.

Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/

I'm afraid not for bitcoin but for them rather because they see things differently as we sees them. They say there is a risk, but does they think that there is no things existing without a risk. Risks are nothing compared to success. And if bitcoin can bring success to their community then why would you think for risks. I guess they are really against on bitcoin and they're just making some excuses.

Indonesian are doing wrong to themselves they are only seeing toward negativity but not toward the brighter side still improvements are under process and their concern will be sorted out but it will be late at that time, bitcoin is the leading way toward the development and progress and this coin has capability to give boost to the economy as well and banning it means saying goodbye to development and progress.

In our own perspective, Indonesian ban is very wrong and they have stated the obvious that many Indonesians now are into bitcoin and the government  are really fell threaten by it. If the government will just look at the bright side let say for remittance purpose, we all know that they are a lot of Indonesians working abroad, whether in shipping or factory worker or even domestic helpers, bitcoin being use as remittance will bring millions of dollars in the Indonesian economy. Unfortunately they didn't see this kind of help to them. They only see the other side, which is the negative impact of bitcoin.

[gabmen]

Every country have own decision about bitcoin, they have own reason to ban bitcoin not tobe used on their region, bitcoin can still use on their region but government do not have obligation to protect user bitcoin.

Well it doesn't seem that the government is letting the people decide here. They're not allowing the use of btc transaction. Though i think in the future, countries who are against btc like indonesia and china would be left with no choice but to accept it.

[PizzaBTC]

doesn't look like the world central banks are too keen on letting their power and control over issuing currency slip out of their grasp.  they're colluding to limit the power individuals have outside of their system and we're going to see more countries begin to implement the same restrictions across the globe before Bank of International Settlement (BIS) issues their own universal digital currency in 2018. 

Yes I just hope that Indonesia will not ban bitcoin until whenever So that people's life can be guaranteed in fulfilling all the basic needs Because bitcoin now has a high exchange rate in which we must be able to utilize well.

If this happen, that will be really a bad and foolish act by Indonesian government. They must know the importance of bitcoin in next coming years. And when all the other countries will enjoy their economical ups, Indonesian then just sit and cry for their banning time. So better for them is to carry on bitcoin and even go for the legalizing it. Else things will be on bad in future.

[StarofBTC]

Indonesia’s central bank, has threatened action against bitcoin and say

I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.

Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/

I'm afraid not for bitcoin but for them rather because they see things differently as we sees them. They say there is a risk, but does they think that there is no things existing without a risk. Risks are nothing compared to success. And if bitcoin can bring success to their community then why would you think for risks. I guess they are really against on bitcoin and they're just making some excuses.

Ban on the use of a bitcoins in Indonesia is something quite shocking. Actually I think that the government has planned to stop the usage of cryptocurrencies for their own personal narrow interests. This kind of behavior is quite common when the flow of digital asset becomes excessive. The ban is temporary obviously and it would not survive a long time.

We can only hope for the best and as Bitcoins are of decentralized nature then any such rule is no harm to the BTC but to the country itself.

[oppasong]

from the above topics it is concluded that if you use bitcoin in buying and selling transaction then it will violate BI regulation.
 

[doomloop]

That reads to me as there is an inherent risk associated with bitcoin its just a warning not a outright ban on bitcoin.

This is the bad news because it is not good to ban the bitcoin in Indonesia, I am really worried because at the start the china ban the bitcoin and now the Indonesia doing like this but the value and the price of the bitcoin can never get down because of this, the popularity and he value of the bitcoins is now increasing and the government of the Indonesia might be afraid of the paper moneys future.

It may work out any way in the long term. I mean the governments that choose to ban Bitcoin may make the situation in their countries even worse simply because they fight the wrong party. They might think that Bitcoin is their ultimate foe while they should actually try to improve the economic situation at home. By banning it, they might also think that they have solved their problems, while in fact they have just postponed them, if at all.

Governments are making the bitcoin in the whole world so I hope the bitcoin will give the beset of the money and this is the reason why a lot of the people are buying the bitcoin and they are selling it at the low price the income of the bitcoin is now very high and I can see the bitcoin increasing in the present and the tomorrow, I can see how fast the bitcoin is increasing and how fast the bitcoin I hope this will buy the bitcoin.

[Omega Weapon]

the Indonesian government continues to monitor the development of bitcoin, I am very sure someday the government will legalize bitcoin in Indonesia.

in my opinion legalizing bitcoin in Indonesia, will have a bad impact in the country itself, because uneducated people about bitcoin will have a curiosity about it, why its bad instead of good? , because Indonesia Had high corruption rate, so it will a lot of people using bitcoin for tax evasion and money laundering. although its good for the bitcoin ecosystem because many people recognize bitcoin more.

But that is not bitcoin fault that is the fault of the people, technologies are neither good or bad, the Internet has opened many doors to many people and yet there are many people using the internet to do bad things all around the world and yet we do not ban the internet and in my opinion the same logic applies to bitcoin.

[yulionoo]

Indonesian not banned bitcoin, but not believe bitcoin as payment.
no clarity take by government. but many people still use bitcoin for transaction.
they afraid bitcoin will defeat bank . and i think its funny reason

[Kemarit]

Indonesian not banned bitcoin, but not believe bitcoin as payment.
no clarity take by government. but many people still use bitcoin for transaction.
they afraid bitcoin will defeat bank . and i think its funny reason

Well its not funny for them because for them, bitcoin is really a big threat to banks. You will noticed that a lot of CEO of big banks are now bashing bitcoin wherein last year you don't hear them talking negative or not talking about bitcoin in particular. But since bitcoin is soaring and became popular it makes sense for them to really attack because it is a perceived threat. However, for us, bitcoin enthusiast, bitcoin is no threat because it can't harm them but instead it just offer as a alternative payment for common people like you and me. But Indonesia government think otherwise. They have already believed what others said about bitcoin that why they don't like it.

[jonatuzc]

Why does every country have different approach toward cryptocurrency??,, central banks officials has no common goals toward bitcoin because some show support and others is not.. There just showing that there is no proper connection with those banks or they’re just trying to tell us they’re not but in reality they’re just playing games with us.. It’s hard to tell and hope this insane propaganda against bitcoin will soon stop..

As to me, there is so much of hidden agenda and open propaganda because governments can't fight Bitcoin in the open. It is obvious that many governments like that of Indonesia, Venezuela, or even Russia can't embrace Bitcoin but they can't fight it openly either. They would look like black sheep in the eyes of the rest of the world, especially those countries which many refer to as developed countries and where Bitcoin feels quite at home.

There are lot of talking about this Indonesian ban in the market since past few days. The thing there is no such kind of news officially by the government of Indonesia. In fact, there are lot of people who are living in Indonesia and they are investing in bitcoin.

There will certainly be some reasons behind this news but there is no need to worry about anything due to such kind of news.

[polymerbatt]

Why does every country have different approach toward cryptocurrency??,, central banks officials has no common goals toward bitcoin because some show support and others is not.. There just showing that there is no proper connection with those banks or they’re just trying to tell us they’re not but in reality they’re just playing games with us.. It’s hard to tell and hope this insane propaganda against bitcoin will soon stop..

As to me, there is so much of hidden agenda and open propaganda because governments can't fight Bitcoin in the open. It is obvious that many governments like that of Indonesia, Venezuela, or even Russia can't embrace Bitcoin but they can't fight it openly either. They would look like black sheep in the eyes of the rest of the world, especially those countries which many refer to as developed countries and where Bitcoin feels quite at home.

There are lot of talking about this Indonesian ban in the market since past few days. The thing there is no such kind of news officially by the government of Indonesia. In fact, there are lot of people who are living in Indonesia and they are investing in bitcoin.

There will certainly be some reasons behind this news but there is no need to worry about anything due to such kind of news.

Yeah, i'm Indonesian and I don't even heard that news in my country here. Fyi, bitcoin is not popular here. Only some people know about bitcoin and Indonesian is not ban bitcoin. People here still can use bitcoin freely and no need to afraid to use bitcoin in our country.

[tailwate07]

Indonesia’s central bank, has threatened action against bitcoin and say

I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.

Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/

I'm afraid not for bitcoin but for them rather because they see things differently as we sees them. They say there is a risk, but does they think that there is no things existing without a risk. Risks are nothing compared to success. And if bitcoin can bring success to their community then why would you think for risks. I guess they are really against on bitcoin and they're just making some excuses.

Indonesian are doing wrong to themselves they are only seeing toward negativity but not toward the brighter side still improvements are under process and their concern will be sorted out but it will be late at that time, bitcoin is the leading way toward the development and progress and this coin has capability to give boost to the economy as well and banning it means saying goodbye to development and progress.

That’s absolutely right that banning bitcoin means to ban development and progress in the region and one thing is sure that Indonesian government will regret on this decision and soon they will hold their ban because they will not cutoff their trade from the outer world and bitcoin is now become the most secure way of payment and bitcoin doesn’t care about them because Indonesia needs bitcoin for their progress.

[Kevin25]

the decision of Bank Indonesia is very disappointing for bitcoin users in Indonesia.
 should the bank Indonesia provide the best solution about bitcoin because bitcoin has helped many people in Indonesia earn income in the economy is still low in Indonesia

[Omega Weapon]

Indonesia’s central bank, has threatened action against bitcoin and say

I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.

Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/

I'm afraid not for bitcoin but for them rather because they see things differently as we sees them. They say there is a risk, but does they think that there is no things existing without a risk. Risks are nothing compared to success. And if bitcoin can bring success to their community then why would you think for risks. I guess they are really against on bitcoin and they're just making some excuses.

Indonesian are doing wrong to themselves they are only seeing toward negativity but not toward the brighter side still improvements are under process and their concern will be sorted out but it will be late at that time, bitcoin is the leading way toward the development and progress and this coin has capability to give boost to the economy as well and banning it means saying goodbye to development and progress.

If they want to ban bitcoin let them they are the ones that are going to lose in the end, bitcoin is the future and there is no way to stop it and the more they resist the more painful it is going to be in the end since they are not going to get a lot of benefits that bitcoin brings, many times people talk about the benefits early adopters got but the benefits to countries that adopt bitcoin early are going to be huge as well that is why Japan legalized bitcoin because they understand this.

[usorin]

Indonesia’s central bank, has threatened action against bitcoin and say

I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.

Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/

I'm afraid not for bitcoin but for them rather because they see things differently as we sees them. They say there is a risk, but does they think that there is no things existing without a risk. Risks are nothing compared to success. And if bitcoin can bring success to their community then why would you think for risks. I guess they are really against on bitcoin and they're just making some excuses.

Indonesian are doing wrong to themselves they are only seeing toward negativity but not toward the brighter side still improvements are under process and their concern will be sorted out but it will be late at that time, bitcoin is the leading way toward the development and progress and this coin has capability to give boost to the economy as well and banning it means saying goodbye to development and progress.

If they want to ban bitcoin let them they are the ones that are going to lose in the end, bitcoin is the future and there is no way to stop it and the more they resist the more painful it is going to be in the end since they are not going to get a lot of benefits that bitcoin brings, many times people talk about the benefits early adopters got but the benefits to countries that adopt bitcoin early are going to be huge as well that is why Japan legalized bitcoin because they understand this.

I think that their government got surprised by the popularity of Bitcoin in their country and, considering the bad financial situation, they are trying to control the market by banning it. Let's hope that tomorrow will be a better day.

[splat44]

Because the government there are very corrupt they know that bitcoin will be popular. and no matter what happen it will keep on pumping weither you like it or not. soon their government will realize bitcoin has something to do to their economy..