Fear of bitcoin

[microwave]

May be that Government are afraid to accept bitcoin because we all know that there is a big possibility that it beats their fiat or real money. And may be government are afraid because there is no tax with bitcoin, since there are so much demand in bitcoin but there's no have profit for the government. It is only based on my opinion.

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[carlisle1]

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.

because every country has they're own assessments in cryptocurrencies,most of them see it as helpful element that can make the specific country progressive and contributes to the economy ..but some of them seeing this as criminal outputs to help terrorist or cartels thats why they are doing best to prevent this entering theyre countries

[potzpotz]

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.

For me i don't have any fear for bitcoin I really enjoy having it and work for the bitcoin  world

[assy]

Perhaps the country's government is afraid that the currency in that country is losing the bitcoin currency, compared to the more practical bitcoin real currency, can provide more benefits for the person.

[Ompyon]

Maybe it's caused by the unpredictable price movement of bitcoin, so the government is worried that its citizens are losing,
that's why some countries forbid their citizens to invest in bitcoin

[Anewor]

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.

I agree to the governments warning that bitcoin is risky or dangerous but not on its totality. Remember transactions are done online and anything can happen on the internet. Their are scams, fraud and hacking or just a very simple negligence that could occur just any moment in time and results in losing your coins online. But on the other hand the system on how bitcoin was made is really safe. Its just so hard to crack the codes easily. You'll die waiting to crack it not unless Mr. Satoshi would give you the code most probably.

[burnchan]

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.

Some of the governments banned Bitcoin because they are not in control of the transactions and they aren't able to gain from it. It is not yet regulated and no tax collected from all the transaction. Also, Bitcoin is using blockchain technology which is decentralize. Basically, the government wants to control everything and bitcoin's system is a conflict from the government's system.

[miradorme]

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.

Fear about bitcoin is it will stop, and the next generation will not recognized about this. So let us pray that bitcoin will not be vanished. Because bitcoin is part of our life.

[songphi]

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[songphi]

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[paynercash]

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.

I think that Bitcoin is dangerous to their currency, they always want to prove that Bitcoin is hazardous because the government does not want to have Bitcoin losses, in my country the government has claimed that people are not is invested in Bitcoin because this is a place where there are many risks

[Topher65g]

They don't want their citizens to experience the risks and be open to more losses as it may affect the economic performance of a country. They also don't want to be blamed for the lack of parameters or laws which may be discovered by citizens as well as other people when the number of people experiencing the risks arises. While the law cannot be fully blamed for it, some may point out that some have experienced lost of investment due to those facts.

[Axecelzon081218]

Yess because the government fear in the bitcoin . Bitcoin can destroy a bank and bitcoin cannot be taxed . Some government cannot control of digital currency to his country .

[btcprospecter]

Crypto phobia is going to be about in countries where the governments are afraid of the people becoming rich from something that is not linked to their own country where their government has no control over how it is traded and sold.

[kopijos]

fear of bitcoin is for a trader who has been losing money for so long. but actually bitcoin is a fun thing and very nice to be made as a favorable thing. so only people who do not know the technology that is afraid of bitcoin.

[shellomomma]

BTC is really the most or one of the riskiest investments in the market. Thats why the government protects its people. But even though its high risk, it also has high returns. So it really depends on your risk appetite.

[Geraico]

Ofc every government is scared cuz of bitcoin, just think how many ppl knows about btc at the moment plus  as I can see btc is growing up and looking at the money which we are using every day are dropping

[arteezyy]

Government are afraid of bitcoin because they doesnt have the control over the money of the populace when their citizen invested on bitcoin, you cannot really predict just where would your invested would go right? So maybe government are trying their best to stop people from investing in 'other country because when you lost your investments, then you can probably imagine that your money will fall in another person's hands.

There can also be a good reason for our government to advice us to stop investing on it, because we cannot predict the volatility of its price, hence making many investors unsure if they should sell their own money or not when there is an increase or decrease in value of bitcoin.

[buahkudu]

Fear of bitcoin, fear of bitcoin returns to ourselves, because bitcoin prices are always changing all the time, if we can not guess the future price of bitcoin will all be detrimental to ourselves, and it can also benefit us.

[usama98]

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.

Because bitcoin itself a transfer median of money which is very simpler than our regulatory banks.