Fear of bitcoin

[Carmen01]

There's nothing in crypto because all the things here are easy to do and we can avoid anything also like scam or something,i think we already know the problem here in crypto because it's 7 to 10 years from now so all of your question are already have answer like if you have problem in transaction you can easily post that here to help you by other users here in forum.

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[FRJ]

There are a few countries which has accepted bitcoin as legal.There are so many countries who are agaist bitcoin.Again,the governments of the countries which has accepted bitcoin, is very keen to prove that bitcoin is dangerous. They suggest not to invest in bitcoin.Right.

I think the reason is the governments think that bitcoin can destroy the bank system. Again,they may think that bitcoin can effect badly in the economic system of the country. So,thinking about their profits,they discourage the people to invest in bitcoin.Again,some criminal activities may can occurred with the help of bitcoin,so fearing about that matter some government don't want to spread bitcoin all over.

[Deddy_Kazekage]

never will .. i will never be afraid of Bitcoin..karna Bitcoin is very good to invest ... down and rising Bitcoin it is a natural thing in digital currency .. that's it depends on the traders transactions ..

[dubistnicer]

It can`t be taxed and regulated at the moment so the governments can not profit from it.

[bingble]

Because the government can control the people, but can't  control the Bitcoin. 

Just kidding... Maybe because the price of Bitcoin is so high, so risky...

[aris av]

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.

To save the stability of local currency, because if many citizens who buy bitcoin it will affect the state bank.

[patapon49]

the government is wary of bitcoin because they have no control

[UsernameBitcoin]

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.

To save the stability of local currency, because if many citizens who buy bitcoin it will affect the state bank.

Governments if corrupt are only interested in the individual benefits of themselves. Any government that denounces crypto is either corrupt or grosely misinformed. Crypto isn't bad in any way, even if it is sometimes used for bad things.

I think they are realising that crypto isn't only Bitcoin but a large amount of coin constantly developing. It will be very, very hard or next to impossible to stop people from investing in crypto no matter what country you are from.

[A.Chanaka Bandara]

Because Bit coins are decentralize So government can't control the system. No taxes and transaction fees. Bit coin can use to illigal purposes. So governments fear Bit Coin.

[izanagi narukami]

Because Bit coins are decentralize So government can't control the system. No taxes and transaction fees. Bit coin can use to illigal purposes. So governments fear Bit Coin.

Yes, for example bitcoin can be use for terorism funding or money laundry which my government really against of it
It's reasonable yet it have their own risk but still more people looking bitcoin in different way

[streetlight]

The way bitcoin was rising from $1000 to $19600 and now again rolling back to $12000, this whole journey is surprising, unexpected. No currency in history was so volatile. Bitcoin is a decentralised currency backed or regulated by no authority. So fear and uncertainty is always their n the minds of many. Many economic experts call it a bubble or hoax. Some term it as an internet fraud. Rising price and peer to peer exchange quality making bitcoin popular among illegal activists. That is why many countries have banned bitcoins operations in their economy. Countries where bitcoin is accepted as legal currency are also planning to regulate the same. So fear about bitcoin will always be there.

I wouldn't say this rise to $20,000 was unexpected. I mean it is a lot higher than I was expectiong, but it isn't out of the ballpark. I think people are having trouble selling their Bitcoins who want to because the high fees are preventing this from happening.

If there was more liquidity in BTC, we would likely see alower price becaise big time holders would be able to sell more easily. Gvien that it is so hard to sell, people are just buying and not selling and this drives the price up (to the moon).

[lyks15]

I think government are afraid to our own sake. They always give a warning to all of us or to all investors in investing at bitcoin because they dont have enough knowledge about bitcoin and they hearn about scamming of bitcoin so they are afraid that we became one of a victim. But for me bitcoin is business and in doing busines you should take a lot of risk. But in legal business you need to pay your tax and in bitcoin this is tax free so the government did not known bitcoin as a business.

[Fuhre]

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.

As always, dude
the government always says that investing in bitcoin is dangerous because its price is fluctuating and its nature can not be controlled. They do care about their citizens, but they also do not understand that the citizens are very careful about the losses that will be faced.

[Pintasak]

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.

Other countries and there governments are scared in bitcoin because they does not yet know how to deal in crytocurrencies.they are afraid because they might think it is scam.might also dont have the idea until someone will educate them.They are also protecting interest of people in there country

[blackbutterfly]

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'm afraid to banned and if the bitcoin is going down.maybe the other persons think that it is dangerous and scammer kind of on line business and I'm afraid also for that.but hopefully that bitcoin is not the kind of on line job that scammer.

[plaintiff77]

My fear about bitcoin is when it will be banned to our country which is the philippines.I find bitcoin really helpful to lot of people with regards to their financial problem also to me as well I am earning bitcoin in joining signature campaign and it is a decent job and so far right now this is my source of income so I am hoping that bitcoin wont be banned in our country so that many people will continue to earn to support their daily needs.

[armandoz]

not because of there is possibility that your money is lost but the real reason is the bitcoin is out of control by the government and no tax going to government. even the bank against in the bitcoin. If the bank discover the your money coming from the bitcoin they will demand to the depositor to withdraw account.

[dontbefazed]

Why wouldn't governments fear such a tool? It's powerful if used correctly, but if misused then we all know what can happen with such things. There's a lot of money being pumped into it. Governments want a piece of the action too!

[cozk]

Bitphobia.

[danielcansil]

i think there are people who are affraid of bitcoin, first, governments are banning bitcoin so much, that make people have bad thoughts about bitcoin, and because bitcoin is cryptocurrency so it has high risk than other currencies because we may not know what will happen in the future, will bitcoin suddenly die.