Fear of bitcoin

[Pamela Jobelle]

high price itself wherein people are really looking forward to learn how to earn and use bitcoin.With this,the government might fear that people will no longer patronize their own currency and start to evade taxes since bitcoin is tax-free.But that is too far to be possible because most of the establishments today still prefer to accept fiat currency than paying with bitcoin,although some shops are accepting it already.

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[Webberson]

One of the major reasons why people are afraid and skeptical about bitcoin, is the fact that it has not been accepted by the government, which in turn has been made illegal and banned in some countries and has at the same time limited the usage of the currency.

[Andria123]

Everybody is have a attitude of fear but in terms in bitcoin we should not afraid of it or fear of bitcoin,why my first reason is before you enter or join here in bitcoin you should know all the ideas and underdtand what bitcoin it is,bitcoin is have a good influence of us it can help our needs and have a community investment benefits

[TheROBER]

Don't have any idea regarding this as I am a newbie myself.

[Maryverycool]

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 Indian government is reluctant to accept new technology, and they are influenced by traditional ideas and believe that bitcoin is a hoax without understanding bitcoin. They worry that bitcoin is affecting their domestic economy.

[Flickkk]

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.

They are scared of investing it because they believe that bitcoin will pop soon like a bubble .
even tho the price of the bitcoin is favorable they still scared on Intangible investing  or on some cryptocurrency

[Jaya912]

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.

probably because the unofficial bitcoin as a legal means of payment so that the government is worried it will be made as a crime in the country. and the government may also appeal to investors who invest in bitcoin so as not to overdo it because bitcoin prices are not stable and are worried about losses. but actually it is a self-choice to invest in bitcoin means to be ready to win whatever happens.

this statement form government side. they said that volatile price is the first reason why government not support their citizens to buy or hold bitcoin and also other cypto.
but others said, the reason is not that but more about control. government can not control it so thats why they dont support bitcoin.

[santieevanz]

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.

Indian government is just a concern to their citizens because they don't want them to lose a huge amount of money just because of investing. The reason they come up with that perception was because of the sudden drop-in value of bitcoin. Bitcoin isn't dangerous, it's the method or process that people did. The government of India only warns their citizen for the sake of an individual, but the decision is up to them.

[btc_angela]

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.

Indian government is just a concern to their citizens because they don't want them to lose a huge amount of money just because of investing. The reason they come up with that perception was because of the sudden drop-in value of bitcoin. Bitcoin isn't dangerous, it's the method or process that people did. The government of India only warns their citizen for the sake of an individual, but the decision is up to them.

But if you look at how countries which is anti bitcoin or crypto's like China, for them it if so disruptive but on the other hand, if they would just look at it, their citizens are the one benefiting from the crypto boom, its either to made tons of money or lost a lot.

So for me, its really up to us, how we handle our investments and no government should interfere with that. If we lost, then so be if, we didn't done our homework and research. Its all our fault. I don't like government interfering, and saying that they are going to protect their citizens. Its total bullshit. They are just using it as an excuse to really curb out crypto.

[EmJay]

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.

Maybe just because bitcoin is a cryptocurrency it means it is volatile . The value may rise to the peak and suddenly it go down to the bottom . Maybe just a to warning to be careful especially if you are just investing to a person or group of people maybe they will scam you. Bitcoin has its name alreadg and the price maybe ups and downs but bitcoin for sure is a good investment. Just don't invest anything you can't affors to lose.

[tayogpanganiban]

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.

         Government only warned us not to invest bitcoin maybe because some countries bitcoin is not yet legalized or approved to be their legal currency but i think it's just normal to warned us by our government because it is their responsibilty to protect the people in any form like Scam or loosing their money from investing in wrong investment.But it's up to us if we stop using or investing bitcoin or not.

[jhayryl]

because of the fact that btc does not work then btc is still in the market because we are tired and we go to the pc or laptop to earn money they are afraid they may not notice so they make a way to discredit btc

[seoincorporation]

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.

We have been living on an economic-politic system based on slavery from the last 3000 years. India is one of the most important producers of cheap-workers. The money is based on a global system, and, in short, it is in the hands of a few.
But, what happens if suddenly a new kind of money rises and it is in the hands of the people??
Precisely that: they are those who are used to have control of the money, they have lived sooo nicely from the last decades, even centuries. Now, people have created one money system they cannot control. And, maybe, a new kind of richness they cannot control.
The world is changing. Those who don't want to change their status in the pyramid, of course, are scared.
And they should.

[teddyktl]

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 is freedom and it's a threaten to all goverment because they want to put everything under their controls so it's normal when they want to keep their residents away from it.

[KalaiBTC]

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

There is nothing in this world which you can get without taking risk in your lives. You have to think out of the box and plan the things, only then you will be able to stand out of the crowd and can then manage to make some good amount of money as well. Investing in bitcoin is no doubt risky thing to do but the profit which you can then have by taking this risk is very much huge. So you need to go for it.

[rasyiqul1505]

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 some governments around the world are afraid of bitcoin because they fear that their people are harmed by crypto currency. during this time crypto currency often experience up and down, what else at the beginning of this year bitcoin has a very drastic price decline so that many investors are harmed.

[deviltasha]

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.

Governments have no control over bitcoin, so they cannot say to their citizens that it is safe, and government will be able to protect them in case of anything.

[BingoDog]

For many here bitcoin and other cryptocurrencies are very well known fact but for huge number of people this is still completely new technology and something they have never faced before.
And the well known thing is that people always fear new things they don't have any exeprience with. Many still think this is some kind of scam scheeme that will not last long and they don't believe it has future.
The reason for that is lack of eduaction and information about bitcoin and that should be improved then also the attitude toward bitcoin will change.
Some also fear because bitcoin isn't regulated in majority of countries so people think that with dealing with bitcoin they will performe something illegal.

[Clavulanic]

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.

Indian government is just a concern to their citizens because they don't want them to lose a huge amount of money just because of investing. The reason they come up with that perception was because of the sudden drop-in value of bitcoin. Bitcoin isn't dangerous, it's the method or process that people did. The government of India only warns their citizen for the sake of an individual, but the decision is up to them.

But if you look at how countries which is anti bitcoin or crypto's like China, for them it if so disruptive but on the other hand, if they would just look at it, their citizens are the one benefiting from the crypto boom, its either to made tons of money or lost a lot.

So for me, its really up to us, how we handle our investments and no government should interfere with that. If we lost, then so be if, we didn't done our homework and research. Its all our fault. I don't like government interfering, and saying that they are going to protect their citizens. Its total bullshit. They are just using it as an excuse to really curb out crypto.

That is really something and I believe that other countries won't push it harder for the government to adapt bitcoin because government also invested lots of money from different sources and or sectors in every business. Some people who are trying to convince others not to be a bitcoiner because the fear that they feel is not worthy knowing that they can invest money and they think that it will manipulate other investing system. As a matter of fact, bitcoin was once aired on the media in my country after that they misinterpreted the information that it is a scam alone. We cannot force them to believe everything because the fear is bigger than believing. For me, I will continue researching and updating about bitcoin and I know someday it will be beneficial to me in the future and I won't fear of it.

[zaytsevsasha654]

now there is a huge amount of earnings on the crypto currency. Who earns how? Share your experience