Fear of bitcoin

[PalindromemordnilaP]

Because bitcoin is decentralized and anonymous. That's one of the reason why some governments are against of bitcoin in fears that it can be used to evade taxes, plunder money and used by criminals and other organization to fund for terrorism.

[1714721940]

1714721940

[1714721940]

1714721940

[Marrionbitcoin]

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 Government ban Bitcoin because there's no implemented rules and regulations so that the investors are protected and safe. That's why we really need the initiative of regulators to implement such rules because Bitcoin can really help our nations to improve their living and making lives better. I hope that someday the Government will see the benefits that it will really reduce the poverty rate.

[Bacotan Bae]

Because bitcoin is decentralized and anonymous. That's one of the reason why some governments are against of bitcoin in fears that it can be used to evade taxes, plunder money and used by criminals and other organization to fund for terrorism.

2 features that are anonymous and decentralized are things against the state so it is natural that many countries banned bitcoin, other than used for crime bitcoin crime will be used for money laundering crime so that the corrupt keep if save in bitcoin.

[Ewox]

Since Bitcoin is sent anonymously or is untraceable, some governments are afraid it might be used illegally. They are just trying to protect the country that’s why they are fearful. And many people have just come to know Bitcoin, it is quite possible terrorist might use it.

[vanslyien]

You will not endorse a product if do you have thorough knowledge about it, you will not put your name on the line knowing that in the end  there is a possibility you will be compromise. You will not go into an isolated tourist area if there is no tourist guide. Stepping or starting something without a background on it is dangerous because you don't know what you might be dealing with thus some fear bitcoin because the anonymity of its nature. You will not win if you are not willing to gamble. The government does not encourage its citizen to participate in Bitcoin simply because they don't have full control and access on it.

[Sandijoee]

Fearful of bitcoin?
What to fear?
Fear of missing bitcoin? That's not possible because bitcoin is currently the best asset to invest in and bitcoin has helped the economy of people.

[CJPEREZ]

Bitcoin excludes the possibility of corruption, if it will be not anonymous. So filthy officials wouldn't get their filthy money.

Yes i think its true. Bitcoin cannot been controled by anyone so no one can handle and manipulate the price of bitcoin. And bitcoin will be free to pump and dump its price. And also bitcoin helps people who dont have money to start investing. Bitcointalk forum helps you to start getting bitcoins.

[Faxmate]

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 they cannot control it like a fiat money.(tax control, money flows, etc.) Btc made revolution during 2009 but nowadays there are more anonymous coins (like monero, verge). Banks state that it is dangerous to invest in crypto (maybe they are just concerned for their own future).

Banking sector is the real enemy of the market of the crypto currency because they have a clash of interest with them, now with no disrespect to the banking sectors from my side, the news which emerge from the banking side seems to be demoralizing and discouraging for the investors and the reason behind this is that they have already lost more than 600 billion dollars to crypto currency. My advice is better to stay calm and trust the bitcoin.

[Zuilhsa]

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.

Actually governments fear that it affects the banking system, they wish people to pay their taxes, if they use bitcoin the tax will be avoided. Indian government had not opposed bitcoin rather encourage the underlying technology and the cryptos. The media is spreading the FUD, it seems more number of people are investing in bitcoin than before in India.

[Escf4]

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.

Actually governments fear that it affects the banking system, they wish people to pay their taxes, if they use bitcoin the tax will be avoided. Indian government had not opposed bitcoin rather encourage the underlying technology and the cryptos. The media is spreading the FUD, it seems more number of people are investing in bitcoin than before in India.

Because bitcoin is decentralized kind of currency the government fear that it can damaged the business of the banking and other financial institution because they cannot controlled it and demand for taxes to the government unlike the actual pyhsical currency that government can control of it.

[drukoz2]

Because the government has not yet figured out how to manage bitcoin. It is decentralized and does not imply state intervention, but the government cannot allow it.

[coinbitrade1994]

All countries that have a centralized form of power are so only said. Because they can not win their bitcoins. Therefore, I try to get rid of it and protect smart citizens from using crypto currency

[rtm125]

Bitcoin can completely change the economy of the whole country and leave banks without work, or simply reduce their number, which also has a very strong impact on the state.

[websoftwareengineer]

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 not dangerous and indian government are already allowing their people to invest on cryptocurrency and it was said on the news. The reason why people are losing their profit is because of the volatility of the market which no one knows when it will increase or decrease so you should study the situation before investing.

[helen28]

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 not dangerous and indian government are already allowing their people to invest on cryptocurrency and it was said on the news. The reason why people are losing their profit is because of the volatility of the market which no one knows when it will increase or decrease so you should study the situation before investing.

You are right so nothing to fear about bitcoin nowadays as it is widely acceptable by almost all of the countries all over the world, we should be confident and proud that because of this we have this kind of forum created to unite by simply endorsing bitcoin and other crypto related concerns.

[fattyforhire]

Bitcoin is very changing the lives of people and even more so can change all the usual economic way of the state. Moreover, bitcoin cannot be controlled by the government, and the state cannot afford it because of security.  I understand this fear of bitcoin that way.

[PaulMittin]

The government is just trying to protect its people from being scammed. In some countries despite the warnings from the government to citizens not to invest in Ponzi they went ahead to invest which many people later regretted their action, so the government is afraid that its people may be scammed as a result they are protecting the interest of her people.

[Sumo]

Bitcoin is a decentralized currency and that is what stops the government of various States from accepting bitcoin. They want to make it profitable, but bitcoin is not intended for that. It should simplify the lives of ordinary people in the first place.

[bargainspecial6]

Govt is just having precautious policy to abolish dark trades going on with the aid of btcs

[PatyZante]

Some government are afraid of Bitcoin because they know they cannot control or manipulate it, they cannot demand taxes from it plus it is a great threat to the current baking, payment and all other financial system which are connected to the government or mostly people in the government.