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Thecryptocurrency09
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January 03, 2018, 05:28:01 AM |
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Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
Bitcoin investment is usually paused or even banned in some countries. The fact that governments could not handle to hold or manipilate bitcoins. They maybe afraid how these large currency waves the economy. It could also trigger and create an impact for other investments. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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flivede
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Activity: 54
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January 03, 2018, 05:29:06 AM |
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Buy and hold. Leave it alone. Time will prove everything.
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hadveach
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January 03, 2018, 05:36:03 AM |
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yes, because they think bitcoin is a threat to their currencies and the world. so they are assertive against bitcoin users.
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Mumbeeptind1963
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January 03, 2018, 05:39:49 AM |
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This far is really sucking them up because they fear that bitcoin is going too viral and it is of not there reach to restrict it movement,cut the cake of there taxes,and also restricting it for the commoners.So all they could do now is to fight bitcoin,but if they can,t beat Bitcoin they should better join the moving train.
Before in fear of using bitcoin because it don't know how to use it, but when I know how its work I don't feel fear anymore because it know bitcoin is now you can trust. Also don't feel fear if you know what your doing or you have knowledge in bitcoin. |
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Dontme
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January 03, 2018, 05:41:13 AM |
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yes, because they think bitcoin is a threat to their currencies and the world. so they are assertive against bitcoin users.
Well, that's their own problem if they are going to look on the good benefits that bitcoin have and only look on the bad effects or bad benefits they are not understand it. There are some people did not understand the flows of bitcoin because they are not interested on about learning it. |
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kurian
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January 03, 2018, 05:41:32 AM |
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It is because Government has no control over Bitcoin.. If they don't get any profit from it, they will try to shut it down.. Especially in India, the Govt. will be against anything that is less profitable...
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Bandon
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January 03, 2018, 05:50:33 AM |
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The best thing I can think of is taxes. If you could earn money in something that has value but isn’t reported, that would mean the Government is losing out on income and governments hate to lose out on tax income. Another thing is the ability to manipulate and control the currency. If they lose their control over money creation, then they lose the ability to manipulate market conditions. The fact that bitcoins and other cryptos cannot be controlled or regulated is enough to make government fear it.
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novhitadaloma
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January 03, 2018, 06:02:04 AM |
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you are afraid, but I am more afraid if in the end just see without getting anything while others get more from bitcoin ...
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Ararbermas
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January 03, 2018, 06:09:31 AM |
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Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
as the matter of fact government always declined bitcoin to do an investing. because of its dark side and also a lot of scammer involved in bitcoin such as stupid scammer copying the design of some classified site and shows some false testimonials to scam some of the investor, i think that is the common reason why government didn't accept bitcoin because of that scenario. |
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criz2fer
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January 03, 2018, 10:34:32 AM |
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Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
Its still depend on the person if he or she want to invest money to bitcoin. I think the government is only preventing people to earn more because the government can't trace your transactions and they don't know how to tax it. We all aware of the risk before entering the cryptocurrency, then why should we be afraid of it? I think we are more afraid of the government giving higher tax for every salaries that we earn. |
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FRJ
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The Worlds Most Advanced Distributed Computer
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January 05, 2018, 03:52:22 PM |
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In my opinion, Bitcoin takes no reason for fear, because Bitcoin is easy to spend income through a digital currency,
The easiest way people want to deal with is the world around. And Bitcoin is its only easy way,
Bitcoin takes no cause for fear, but be cautious because some opportunists want to take advantage of using Bitcoin, and some governments work against Bitcoin because they make more money by deceiving the people of the country. But they do not earn much profit due to Bitcoin transactions, so they work against Bitcoin. Bitcoin is not doing anything to deceive ordinary people, so there is no reason to fear Bitcoin.
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chuoinguyen227
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Vite
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January 05, 2018, 05:06:24 PM |
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There are a number of causes, and one of the causes is that some of the bad guys in society are taking advantage of the bitcoin deal to trick the elders ... Maybe that's why governments That banned bitcoin .. They fear the same case will happen ...
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logicgate
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January 05, 2018, 09:01:25 PM |
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Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
as the matter of fact government always declined bitcoin to do an investing. because of its dark side and also a lot of scammer involved in bitcoin such as stupid scammer copying the design of some classified site and shows some false testimonials to scam some of the investor, i think that is the common reason why government didn't accept bitcoin because of that scenario. Perhaps every government has right to use their own rules in their country. The advanced countries like Japan is accept bitcoin as legal currency. But some country stops their citizen to invest in bitcoin this is because of rigid thinking, they feel threat from bitcoin that it has no involvement of any other person or government. They want to control over the entire money builder in their country. They are worried that some criminal mind people will not take benefit of bitcoin by its independent quality. |
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Blue2012
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January 05, 2018, 09:13:43 PM |
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Some government fear of bitcoin because maybe they think that bitcoin will just disappear after they invest on it or maybe they think that bitcoin will replace the current currency of their country. Some government doesn't know the good effect of bitcoin to the country's economy.
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Glutius
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January 05, 2018, 09:26:16 PM |
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Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
The answer is very simple. Governments want to have their share of the country's crypto-currency operations. But they can not impose taxes on taxes. It means that they will frighten their citizens in various ways and hinder trade in crypto-currencies. |
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Tramle091296
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January 05, 2018, 09:27:37 PM |
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Cause bitcoin is not a real money they said and so many disadvantage to use it and most of all they cant get tax on bitcoin that can help their country thats why they notify the people.  |
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Tatalk
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January 06, 2018, 07:03:56 AM |
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Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
The biggest and the only fear of bitcoin is that it might not banned by government and this is the only reason government keeps on notifying citizens not to invest into BTC. Being decentralized cryptocurrency, government is not liable to impose tax on the transaction of BTC and that's why they don't want that their citizens invest into BTC but instead of all these, intelligent business man invest into BTC coz they know BTC is profitable. |
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cx_primo
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January 06, 2018, 07:24:55 AM |
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Fear when you have nothing and you dont invest now anout bitcoin. Because BTC will never been gone its always need to our life. Because BTC is the example of money that we can buy food and our basic need. Like the HISTORY.
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BagzMM
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January 06, 2018, 07:41:16 AM |
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Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
The government should be on the SAFE SIDE ALWAYS. They will tell you that it's dangerous to avoid chaos on the economy system and panic on the people. Do you think all your government officials in India has no investment on bitcoin? I don't think so. Maybe few of them are whales. Who knows bitcoin don't require your personal identity. |
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Freshmen
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January 08, 2018, 07:28:08 AM |
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About bitcoin, its risk is unpredictable because there are still many things we do not know about it. The government is also afraid to allow people to invest in bitcoins. Banks will collapse if bitcoin becomes the main trading market in the future. No one can deny how dangerous a bitcoin is.  Bitcoin is absolutely a big danger to the government and banking system. With the passage of time, it is becoming popular among the people and that day is not very far away when everyone will be aware of this digital currency. It frightens the holders also because of its too much volatile nature. I don’t blame them because there are many FUDs and FOMOs about this but honestly, bitcoin has a very bright future and it deserves some trust. |
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