Fear of bitcoin

[RudeeTam]

They are just FUD to keep the market low so they can go in to bitcoin and profit. Or, they can be legit and really wanted to protect their people from being scammed. Either way, it's quite normal.

[Bendz]

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 a lot of negative news about bitcoin, for example, is used as an illegal transaction or a means for crime, because we know by ourselves that bitcoin is not bound by any country, and anyone can be involved in bitcoin world. As a bitcoiner, of course I am disappointed with the actions of some countries that prohibit the circulation of bitcoin, at least they can see the positive side, that bitcoin has good prospects for a country's economic growth.

[thrilly1]

Fear comes from the unknown. Nowdays people start to talk about btc and crypto in general but only get media type of info. Wich in most cases is negative....
Its a duty for us to promote crypto in a good way. As a way of payment not only a way of beeing like cowboys of stock markets.

[Joyawan13]

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 existence of bitcoin is prohibited in a country there must be a strong and clear reason for the government to protect its citizens from something negativ, but I do not think we should be afraid of bitcoin when we use bitcoin with positive things that I think will be okay, as long as it does not harm the local government , or violate the rules.

[lelylely]

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.

It's just a politics. If bitcoin is not rumored to be a negative thing, it is likely that many people will invest or store their wealth in bitcoin, and that it will threaten banks or local investments in the country.

[spaso_87]

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 the Government in some countries is afraid of Bitcoin for fear that Bitcoin is deceiving the people who use it. The government does not want to take a greater risk. So to prevent it all the Government finally forbid. Sometimes I do not understand why the Government thinks like this, whereas what we feel Bitcoin very profitable.

[joshua05]

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.

Mainly, bitcoin has been tackled this way to some countries not just India, thus, JAPAN IS THE SOURCE! the source of successful crypto's! We can see that japan has been very productive to these kind of stuffs and there no way to guess that bitcoin is dangerous! I guess its danger to the people whos got their minds closed to these kind of internet banking. their issue is the trust and security.

[DBronze98]

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 has a high level of evaporation, it can reach many zeros, but it can also become zero at any time. Many criminals use it as an economical source of criminal activity, making it more difficult for states to fight crime and terrorism.

[doaremon]

To me the more fear about Bitcoin is it's value. The price of bitcion is not stable. So today it may have 16000$ but who knows tommorow it may be 1600$ . It's value increase or decrease such a rate that it is not possible to tell the value of next day. Again in some countries or rather in many countries Bitcoin is forbidden. You may earn Bitcoin but you must convert it to dollar. In total to me this are the main bindings in Bitcoin. Also it's hard to convert Bitcoin to flat maone sometimes.

[newb-dev]

I have nothing to be fearful for. Bitcoin taught me to invest as much as I can afford to loose (just in case) I am confident and I wait for the price to go up

[lautantepi]

because every government takes two things, the first is no chance to regulate the velocity of money. This is a problem for the country.
The latter feared the use of blockchain technology. This is a real danger, because many things in the country will be without cheating, chances are it's corruption.

[kurt1212]

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 you shuld not fear bitcoin because its has many good features and you can get many benefit from it.If youre worry about investing or saving money buddy take note bitcoin has a secure system that will protect any scammers doings .

[ammobile69]

I think most governments are  banning bitcoins to protect their own people.Main reason for this is most of deep web unauthorized activities are doing under the payments in bitcoins.

[bololord]

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.

It's not hat keen but government is giving warning to its citizen that bitcoin contains a high volatility and its either they are gonna win it or lose it, win-lose situation for all of us. Here in our country, the government are very supportive as they approach bitcoin in a positive way and planning to accept bitcoin as soon as possible and our banks are very great for this.

[meshow1]

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 dont think so that bitcoin is risky and dangerous because what i know it has many good features and you may get more benefit from it.I think you shold not be worried because bitcoin is a secure and have a strong security to protect your money.

[HoangDooo]

i think because Bitcoin hardly for control, and fee of change do not belong goverment.

[svendoto23]

I don't think government are afraid of crypto they are just caustious on using bitcoin because it can affects their current economy and they are warning people not to be involved in it because of its risk on getting their money through SCAM/Fraud ICO's out there. And they are regulating some of the exchanger(local) just to be newbie friendly in the bitcoin industry.

[mware]

Governments are not able to track payments in bitcoins as anybody with out a proper identification can open up an account and make the transaction. goverment were wary of Bitcoin because of its potential use in illegal activities and money laundering.

[s31joemhar]

The number one fear in bitcoin is to suffer in losses. If you don't have enough strategies on how to win, you will surely lose.
Like the status today of bitcoin, if you not really know on how to trade you will lose in trading. It is very hard from now to trade because of continuously dumping of all coins.

[bebenduk]

the reason people are afraid of bitcoin are those who are afraid to invest their money, they think their money will not come back.