Fear of bitcoin

[Alexandr210774]

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 thing is that bitcoin is a decentralized crypto currency. Bitcoin can not be controlled and monitored by the state, so they are against it.

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[ShiroThe5th]

Many government in different country banned bitcoin, and also many country accepted bitcoin in different selling platform. When i didnt know about bitcoin i thought it is a scam and illegal. But now im here and earning and hasnt fear of it. It must explain bitcoin properly so they can understand.

[Saddam Bin Delowar]

Bitcoin is a digital crypto currency. The whole world has accepted Bitcoin Without some countries. All countries are moving forward in using Bitcoin and their economic growth is going on.

Some countries are getting frightened using Bitcoin. My own opinion is that this is their misconception and it's their wrong decision.

[RepublicSpace]

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 government got used to control financial system and it is normal. Bitcoin and other cryptocurrencies for the first time created a situation when it's impossible to control all operations. Nowadays it is a huge sector of economy with enormous capitalization and it's still not under control

[dakilangisajaja]

we are not afraid of this bitcoin that helps us,but I'm also afraid of bitcoin here, especially those scams would not have been there anymore if it was so frightening.

[Premooooo]

Facebook is spread by scammers and uses bitcoin to scam them,
so be it bitcoin for someone else's work.

[bitcub]

Every government of the world are just concerned about their citizen. Buying Bitcoin is not undoable, or replayable just incase we made a mistake. Instead every people should be responsible enough to control their self in greediness when buying crypto. I feel so pity to those who borrow, put their houses to mortgages just to buy Bitcoin at $19k.

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.

[Gulabsachdeva]

For everyone else, as of 2015, banks are starting to fear bitcoin for the right reasons.  Big consulting firms like KPMG, Accenture, and Deloitte have started scaring the banks with stories of Kodak, Polaroid, and the record industry, that the banks are starting to be very, very worried that their business model is obsolete.

[Tavarez]

I don't have any fear for btc because cryptos are our future (if btc fail then some other advanced coins will show up). Biggest problem are fudsters like professor Kenet Rogof (Hardward professor who claims that btc will drop to 100$ in the next ten years). He is only finding the bond of btc with money laundry and avoiding tax (overall illegal transactions). Universities need more intelligent people for sure.

[Seaze007]

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 in bitcoin is one day it will be vanished and I am so sad because their are young ages of next generation that deserve to know about bitcoin. Because now a days bitcoin is so famous every people in this world using bitcoin. So don't allow that bitcoin will be gone.

[domerosan10]

yes of course I'm afraid if the bitcoin I have lost, it is a sad thing. Maybe not just me bitcoin users would also feel the same thing. So we better keep it well. 

[jona]

Fear of financial  freedom that is what i call it,fear of not enslaving their citizen or citizen breaking away from the Government enslavement

[BlackRacerX]

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.

Basically when you run a country, you don't want your citizens getting all their money out of thin air or without even working their ass off 12 hours a day just to barely get food on the table. With bitcoins and trading of it, it is possible to get rich by just sitting your bum down home and day trade bitcoins. It disrupts the economic system by a small margin since fiat money is reaching places it should be reaching.

[Dwey]

the governments fear of bitcoin is financial freedome..they fear of not getting taxes  because they will not be in control of their citizens financial incomes my fear of bitcoin is losing all of my earnings and also getting scammed.

[Gabrieelle]

the governments fear of bitcoin is financial freedome..they fear of not getting taxes  because they will not be in control of their citizens financial incomes my fear of bitcoin is losing all of my earnings and also getting scammed.

We all know at the first place that bitcoin is risky and even though we knew it, we still chose to invest in bitcoin. I think we have faced our fear of losing something we just need to be more careful losing everything. If we are so afraid of losing we might not want to try to do things, but that is the only way we will know if things will work out for us.

[BitcoinLoan]

Many government in different country banned bitcoin, and also many country accepted bitcoin in different selling platform. When i didnt know about bitcoin i thought it is a scam and illegal. But now im here and earning and hasnt fear of it. It must explain bitcoin properly so they can understand.

Since governments intentionally increase or restrict the amount of money circulating in an economy in an effort to stimulate investment and spending, generate jobs, or avoid out-of-control inflation and recession, control over currency is an enormous concern.That's why they are afraid from Bitcoin.

[Xanxus024]

Because they believe bitcoin is the another way to scam people so they discourage people to not get involve into bitcoin and the government do not know how to make a proper law putting tax on bitcoin because bitcoin users are anonymous.  

[Ailmand]

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 governments are just trying to safeguard their people from probable scams and schemes brought about by investments in the cryptocurrency market. It is normal for governments to release advisories like that to warn their citizenry about probable scheme-creating ventures. Also, I think that it became critical in India because many people there are always in search of something to better their lives. And as you know, people who are in that could be convinced easily, and that susceptibility, could be exploited by people who wants to take advantage of people.

[mersal]

the governments fear of bitcoin is financial freedome..they fear of not getting taxes  because they will not be in control of their citizens financial incomes my fear of bitcoin is losing all of my earnings and also getting scammed.

Yes it is due to their economical situation and their financial resources,if bitcoin is developed in their country and people used bitcoin in daily life there will be a great disturb for many of the country that's why they're think lige like this .

[santafewarrior1980]

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.

high incident of scammed is the reason why other countries did not want their people to invest bitcoin and they just want to protect their people from huge scam activity.