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Author Topic: Fear of bitcoin  (Read 1887 times)
Mr.John19
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April 22, 2018, 03:43:55 PM
 #401

We know at the primary sight putting the cash on bitcoin is risky. Bitcoin-like betting loses or win. In the bitcoin there are tree alternative win benefits, lose benefits or hold. We must confront all the trouble on the investing the bitcoin we don't know when the time will the value will dump and pump. The government need to control the bitcoin because they can’t procure benefits on it because the bitcoin is non- taxable, clients are unknown. They simply need to protect the people from unlawful action.
GalaxyWorld
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April 22, 2018, 03:44:04 PM
 #402

We should not be afraid of bitcoin if one day it costs zero, from now we have to be ready because anything can happen in a short time, remember the principle do not ever put eggs in one place, and if you think get big profit then you can sell to start new business.
I like what you are saying. And now I'm applying this investment. I divided my money into 3 parts. Each part I invest in different coins. And I also dedicate a small portion to invest in the ICO.

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Bitcoin2009
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April 22, 2018, 04:04:02 PM
 #403

In investing everyone will always be afraid, let alone invest bitcoin that is 100% decentralized so no one can guarantee that hold bitcoin will be profitable, but to succeed and rich of course takes the courage to take risks, never fear if fail because it is normal.
Bitcoinismylife12345
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April 22, 2018, 04:24:15 PM
 #404

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 is scared that bitcoin might take their opportunity to have the authority to rule and regulate the circulation of the world currency, this is one of the most important bond that connects countries. Another is they fear the blockchain technology, they will totally can't control the circulation of the money, corruption will may be gone if this happen.
Nissan-GTR
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April 22, 2018, 04:27:59 PM
 #405

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

I agree with you, people usually believe in what they are seeing in the television which I believe common ground of technology of each one of us, and I think the fact that Bitcoin on television were always on negative point people are afraid to try to engage in this forum in which their prior knowledge regarding this were only a scam, doesn't deserve attention and so on which leads them to refused the knowledge they may have here and the income they may capable to earn.
cunguks
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April 22, 2018, 04:31:51 PM
 #406

Only those who are not knowledgeable about Bitcoin should be afraid of it. Bitcoins are rapidly changing and no one manages to make them feel insecure about bitcoin. But for me, bitcoin is like my daily work. bitcoin is my life. bitcoin help me get rich. I love the bitcoin.
This is more like the potential of bitcoin is too big. Bitcoin can grow very rapidly until that stage may be detrimental to the government. I think that's what the government thinks. They dont know how far bitcoin can flourish, the government can't predict it. Perhaps this concern is about to explode by the end of 2017 when bitcoin reaches its highest price.

Alfiah
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April 22, 2018, 04:33:12 PM
 #407

actually i have a bit fear to bitcoin too. I have invested some money to bitcoin and I scare that bitcoin's price will fall down because I don't really understand how bitcoin work.
Mazda17
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April 22, 2018, 04:45:05 PM
 #408

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.
Good notices to understand between bitcoin and government.
Sometimes it's all the bluff from the government just so they can not follow the bitcoin and sometimes the government has the right to also prohibit people from following bitcoin because the government is afraid that all companies will close because most people follow bitcoin.
chandrarahmadewa
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April 22, 2018, 04:50:15 PM
 #409

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.
Many countries fear bitcoin may be due to fears of disruption to the country's financial stability. Bitcoin is a currency that can not be regulated by any bank, including by the state. so do not be afraid Wink
budz0425
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April 22, 2018, 04:51:16 PM
 #410

Only those who are not knowledgeable about Bitcoin should be afraid of it. Bitcoins are rapidly changing and no one manages to make them feel insecure about bitcoin. But for me, bitcoin is like my daily work. bitcoin is my life. bitcoin help me get rich. I love the bitcoin.
This is more like the potential of bitcoin is too big. Bitcoin can grow very rapidly until that stage may be detrimental to the government. I think that's what the government thinks. They dont know how far bitcoin can flourish, the government can't predict it. Perhaps this concern is about to explode by the end of 2017 when bitcoin reaches its highest price.
You are right, we don't have fear in bitcoin that it will be gone, but once the government sees how bitcoin affects the economy of a certain country then, they might think of removing or banning it before it is too late, but so far now when it comes to stability there is nothing to worry about it.
Kjara
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April 22, 2018, 05:11:43 PM
 #411

Some governments are so keen to prove that bitcoin is dangerous, because they can not control cryptocurrency
charlotte04
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April 22, 2018, 05:30:46 PM
 #412

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.

Just because they see that it will drive people to invest on Bitcoin without knowing in pros and cons, they just go in just because of the money.
pri3oner
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April 22, 2018, 05:35:11 PM
 #413

Indian government, I bet, dont aim to make their own citizens to become rich. It's firstable. They are also worried about increment absence in situation when well-to-do person "give" money other person leaving government out.

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Lalafell
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April 22, 2018, 05:50:17 PM
 #414

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.

Of course some governments will fear bitcoin because most of them has influence or indirect power in financial industries like banks. Cryptocurrency is decentralized so they fear that cryptos will take over the economy where everyone will have equal power on it. But what crypto only wants is to offer the public more freedom and faster transactions in the market. I think, they are just paranoid.
kristinasm
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April 22, 2018, 05:57:36 PM
 #415

Because bitcoin can disrupt the usual life of the state. Its adoption will reduce corruption, illegal transactions. Why do officials and businessmen need this?

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lida311993
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April 22, 2018, 06:07:53 PM
 #416

The fact that cryptocurrency can not be controlled, as it is decentralized. And the state is afraid of this, because it is used to keep everything under control, especially money.

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Valer4ik
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April 22, 2018, 06:09:27 PM
 #417

Bitcoin and other digital currencies need to be brought to institutional order. They are associated with problems with fraud, money laundering, financing of terrorism and much more. Reasoning about currencies is more appropriate for the government of central banks.
Valer4ik
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April 22, 2018, 06:11:15 PM
 #418

Bitcoin and other digital currencies need to be brought to institutional order. They are associated with problems with fraud, money laundering, financing of terrorism and much more. Reasoning about currencies is more appropriate for the government of central banks.
I have nothing against bitcoin. Usually we pay attention to the risks associated with money laundering. I'm not against alternative currencies or their support in a broad sense.
Sumo
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April 22, 2018, 06:15:53 PM
 #419

The government does not accept bitcoin, because they can not take taxes from it, to influence it. This is not allowed by the very concept of bitcoin. The government is therefore strongly opposed to its adoption.
billykannithi
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April 22, 2018, 07:38:45 PM
 #420

The government does not accept bitcoin, because they can not take taxes from it, to influence it. This is not allowed by the very concept of bitcoin. The government is therefore strongly opposed to its adoption.
It's about the bankers also my friend, they really think that Bitcoin is doing their job and stealing it from them so bankers are telling goverments not to adopt Bitcoin cause to that reason.
Like Jamie Dimon used to try shut down the Bitcoin in last year but he didn't success at all.
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