Indonesian Government Banned Bitcoin

[Stianyd]

Indonesia... they won't be able to do shit to your crypto currencies... peopel who are good at crypto currencies are also able to use VPN's/ and will still be able to use cryptocurrencies

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[Rludd]

Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

[Bamel]

Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

Good luck my friend. You're a hero for standing in the way of those evil tyrants. It's people like you who are the reason crypto will be able to get enough of a foothold over the powerful corrupt and change the world for the better.

[Amial]

Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

Good luck my friend. You're a hero for standing in the way of those evil tyrants. It's people like you who are the reason crypto will be able to get enough of a foothold over the powerful corrupt and change the world for the better.

Thank you for your support my friend. Wishing you all the best from Indonesia. God Bless You. Wish us luck too! Happy trading bitcoin!

[Kesecer]

Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

hahaha ... keep trading dude im indonesian and im with you

[Usine]

Banning the whole Crypto currencies? This seems a type of useless as I don't how would that even work? How would they prevent everybody from not using the Crypto currencies? This is just like a situation that happened in my country some years ago when Youtube and Facebook were banned in the country but still the people were using both of them using proxies and nothing happened.

[Renr]

Banning the whole Crypto currencies? This seems a type of useless as I don't how would that even work? How would they prevent everybody from not using the Crypto currencies? This is just like a situation that happened in my country some years ago when Youtube and Facebook were banned in the country but still the people were using both of them using proxies and nothing happened.

Respect! Hold on to that spirit, my friend!

[Stianyd]

Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

Cash in? Not hardly. Get a hardware wallet is what they need to be doing.

[Giric]

Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

Cash in? Not hardly. Get a hardware wallet is what they need to be doing.

Yes in Indonesia they can. They can withdraw money from Bitcoin Indonesia online web trading using Bank Transfer. That's why the central bank goverment threatens to ban banks that support bitcoin transaction.

[Aneelal]

Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

Cash in? Not hardly. Get a hardware wallet is what they need to be doing.

Just out of curiosity (and maybe ignorance), why a hardware wallet? Is that so you can keep sending/receiving (is a hardware wallet undetectable by ISPs and central authorities?)... as opposed to a paper wallet which might be useful to bury in the ground somewhere and create a treasure map to find it again.

[Renr]

This is how I see it. Correct me if I am wrong. If a percentage of the population makes a large amount of money would that money not be put back into the economy of that said country? Or does the government worried that they are running such a shithole of a country that everybody's going to flee once they get a few dollars in their pocket? I believe it is for the better of mankind. Live the way we are supposed to live without the continual pressure of the government dragging everybody down and robbing them blind.

[Usine]

This is how I see it. Correct me if I am wrong. If a percentage of the population makes a large amount of money would that money not be put back into the economy of that said country? Or does the government worried that they are running such a shithole of a country that everybody's going to flee once they get a few dollars in their pocket? I believe it is for the better of mankind. Live the way we are supposed to live without the continual pressure of the government dragging everybody down and robbing them blind.

Every fiat currency today is regulated by putting constant new amounts on the market. That way we get inflation. Inflation makes sure that everybody needs more money and keeps on working 40h or more, even if new technology should actually make us work less. Bitcoin doesn't have inflation.

[Kesecer]

This is how I see it. Correct me if I am wrong. If a percentage of the population makes a large amount of money would that money not be put back into the economy of that said country? Or does the government worried that they are running such a shithole of a country that everybody's going to flee once they get a few dollars in their pocket? I believe it is for the better of mankind. Live the way we are supposed to live without the continual pressure of the government dragging everybody down and robbing them blind.

Every fiat currency today is regulated by putting constant new amounts on the market. That way we get inflation. Inflation makes sure that everybody needs more money and keeps on working 40h or more, even if new technology should actually make us work less. Bitcoin doesn't have inflation.

This economic shift presents a bigger issue that needs to be discussed as a society. If we move to a financial system such as Bitcoin do we voluntarily pay taxes, donate to infrastructure projects or just let our roads/sewage/water plants and systems deteriorate?

[Amial]

Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

Most govenments are missing it. Trump knows he cant stop it...hes just like we are watching the bitcoin. Cause knows the reality. But i this some gvt just say things they have no idea of

[Bamel]

Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

Most govenments are missing it. Trump knows he cant stop it...hes just like we are watching the bitcoin. Cause knows the reality. But i this some gvt just say things they have no idea of

Another suppressive country who's inhabitants specially need Bitcoin to free themselves from the tirany of their corrupt, control freak, selfish, extortionating leaders, who keep 98% of the population poor by enriching themselves shamelessly.

[Rludd]

Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

Most govenments are missing it. Trump knows he cant stop it...hes just like we are watching the bitcoin. Cause knows the reality. But i this some gvt just say things they have no idea of

Another suppressive country who's inhabitants specially need Bitcoin to free themselves from the tirany of their corrupt, control freak, selfish, extortionating leaders, who keep 98% of the population poor by enriching themselves shamelessly.

The same corrupt country that sends people to jail for a lifetime for using or selling a medicinal flower (Cannabis) However rapists and killers are fine.

[Giric]

Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

Cash in? Not hardly. Get a hardware wallet is what they need to be doing.

Just out of curiosity (and maybe ignorance), why a hardware wallet? Is that so you can keep sending/receiving (is a hardware wallet undetectable by ISPs and central authorities?)... as opposed to a paper wallet which might be useful to bury in the ground somewhere and create a treasure map to find it again.

Hardware wallet is to get your coins off the exchange. It makes them safe nobody can ever touch them. And it keeps the exchange honest.

[Aneelal]

How are they going to crack down on Blockchain ? It is untraceable. There is really no way to keep anyone from benefiting from Bitcoin. These banks better just get with the times and update so they will not lose even more in the end..

[digaran]

What a coincidence, more than 10 newbie beggars and all with 14-28 activity, you beggars think we can't see what you are doing? who is the boss of your account farming organization? let us join together, you with account farming organization could merge with my begging organization, we also have a growing community, our job is to post on every scam ICO thread and say good things for more effective scamming, I think you beggars above me are good at your jobs.
To Indonesian government, ban Bitcoin and beggars will start account farming and joining begging communities to earn more Bitcoins, don't ban Bitcoin and have your people to come to you to sell and buy their crypto, charge fees and earn money.

[lance04]

I think Indonesian government has a reasonable reason why they banned the company and management of bitcoin.
As what I read most of Indonesian are cash-based which they consider only cash in all traction which in this kind of trade bitcoin cannot survive because there will be small market that will cover their product.