Fear of bitcoin

[Polipog]

There some people fear about bitcoin. Somebody says that bitcoin is similar to scam. But for me, bitcoin helps more satisfaction to every bitcoiner in terms of assets and profits. So, we don't need to fear about bitcoin.

[caloy06]

I think nothing should be frightened with bitcoin because it helps greatly as I and others want to grow and earn.It is different because they are scared because they have a bitcoin scam or they already have a bit of bitcoin.Bitcoin is a good asset and good oppurtunity for me.

[thenameisjay]

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 bad for the economy. That's why the government are so into destroying or keeping bitcoins down from their country. It virtually costs thousands and thousands of dollars and yet it came from nothing. Plus, the price of each bitcoin is fluctuating and it is pretty much messed up for a government to invest on it.

[Mr.Smithers]

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.

On the other hand: why do you guys exclude the possibility that they genuinely feel that it is a very risky asset (it had changes of the following magnitude:
200->1000->200 (for over a year) ->1000->10.000->20.000->15.000). Maybe they genuinely want to protect their citizens

[weblaraveluser]

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 can do really affect the economy of the country and one of the best example is the banks. Some of the governments are getting taxes from the banks and if people will not invest on banks they it will really affect the flow of money in the country and this might be the problem they did not want to face.

[grabpopcorn536]

They fear bitcoin because it is a threat to the banking system. BTW, Bitcoin is not for the feint of heart.

Not only are they concerned about the damage Bitcoin can bring to the banks, they are afraid of the economic fluctuations that Bitcoin brings to their country. This has led many governments to stop and prohibit Bitcoin investment

[Shrihari]

Indian government has a nightmare to remove black money (illeagal money) from the country and dat fear has caused them to suggest to avoid unregulated source of income.

[Blackshadow007]

In my Opinion main concern in BTC  or any crypto is AML Policy thus possibly many countries banned it , you really can't track the dirty funds .

[siopao23]

Governments are getting feared out by bitcoin because it can cause a lots of trouble to them when not controlled. First, it does not have any tax for any transaction that are happening on it. Next is that bank will be useless because bitcoin transactions does not need any middleman in its transactions which is the function of banks.

[Nabilog]

Government try discourage its citizen to invest in btc because they dont have control on it. The market is worldwide so the tax cannot be controlled. Traders gain a lot of money and yet they pay no tax thats the thing that goverment discouraging about btc.
 

[Zicadis]

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 might say this is a wrong course of action by the Indian government if they are trying to prevent people from investing in cryptocurrencies as sending out these notifications could just give a reason for people to invest in bitcoin and other cryptos as i know people are more attracted to danger than saftey, good luck with this GOVT!

[rainezerr401]

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 only reasons for the government to fear bitcoins is some of the problems that might bring by the bitcoins to the country. Even bitcoins is really good because it gave us an opportunity to earn more money, There are still negatives like it can be used of people for illegal transactions and government will have big problems because of it.

[rodel caling]

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 the reason why some government called bitcoin is dangerous is because the bad elements and the terrorist use bitcoin for the abnormal prenciple of them nonsense activities its because bitcoin as virtual cryptocurrency is easy to use for fast transactions sending btc to use for illegal activities of the crimenals.

[valentinen39]

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 does have different opinions on bitcoins, Either they are going to lose money because of bitcoins dominating the country or some of the business will be affected because of bitcoins growing value and they will lose investors.

[KingOfWinterfell01]

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 government fears bitcoins because they want to invest om something that has overwhelmingly high risk but has overwhelmingly high rewards. That's why they fear bitcoins because if a lot of the citizens of their country invests on bitcoins, it might cause an imbalance in the economy.

[adivip]

This is really very bad news,daily 2500 of people investing bitcoin india.big celebrities also investing in the bitcoin like amitabbachan.indian banks put more charges on customers and RBI transaction charges also high.india is very big country but this not good decission.

[teejayrichard2]

Government always want to be in control of every thing happening within the country. Bitcoin is a decentralized system of payment and government feel if its not contained people will abandon fiat currency and go for it.

[Valentina N]

I very rare meet people who say that they have fear! Most people have no idea what is this! Hope soon bounty hunters, TV, internet, Radio and other mass media spread good thing about projects and about cryptoworld! If we can minimize amount of scammers here then it could be one of the best things in 21 century!

[norman472]

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 decentralization so government can't control , it is natural that the government is afraid and encourage people not to invest in Bitcoin .

[Nebell]

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 decentralization so government can't control , it is natural that the government is afraid and encourage people not to invest in Bitcoin .