Fear of bitcoin

[Owl129]

The fear of bitcoin is similar to the fear of losing. People are afraid of losing something important like money. Investing is a risk and when you invest in bitcoin they see it as losing. Just like they said fear of the unknown. Most of the people still isn't familiar to bitcoin and cryptocurrency and thus they don't know the benefit of it to us. That is why they forbid some people to invest in it and also some government fear that bitcoin will replace the system that they have,they are afraid to change even though that change is for the better.

[clairdelune]

It is normal for us to have fear because some of the people have positive and begative issue on the BTC. It is too risky to invest to BTC so for me if you have fear in BTC it is normal because we cannot remove it from our mind the fear of thinking in BTC. Some have fear because it is too risky, we cannot see it because it is a digital money. Someone can hacked our BTC and many more.

[Gudhal Untu]

Those who are afraid of bitcoin are certainly unhappy with the change, this certainly makes them think that the presence of bitcoin will bring difficulties, let alone the growing number of media that preach about negative bitcoin so that people are afraid of bitcoin.

[Lingesh]

The value of bitcoin only the fear factor of bitcoin. Because the bitcoin value is fluctuation. The value will change

[damsix]

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.

perhaps the government is afraid the bank will falter, because almost all banks have taxes.

while Bitcoin when conducting transactions without a third party or tax.

but the Bank can also emulate Blockchain's network technology as their transaction, but in real terms now the government is still unstable to take a chance.

[Getmon]

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.

Well, I don't think we should ever make a big deal out of government pronouncements about Bitcoin. Either they are only playing their role well or they do not really know much about Bitcoin. Which simply means, their pronouncements count to nothing really. On the other hand, Bitcoin's value is increasing as ever. Now it would be up to you to follow the governments or make some money while using the best currency.

[doodle07]

First of all, they think it is illegal because of some gossips they heard from a very negative person and has a lack of knowledge about bitcoin. Some are thinking about scammers and hackers, they can not be hack or scam if they know how to keep their coins and how to protect it.

[fuer44]

the government's fear of bitcoin is the ease of transactions and the speed of transactions using bitcoin, thus allowing illegal transactions such as illegal arms purchases, to money laundering.

[Sampson7]

Bitcoin being decentralized and out of their reach and control is ruining all of the plans that they had been running. bitcoin is giving the people an option to get out of the control of the government and the evil banking system of India and they don't want to let it happen.

This is money, so you can control everything if you have money you can use it to GAIN power, i think they also banned bitcoin in some country because it's not good in their economy like china that leave crypto this year and it's give crypto so much impact in price like it down by 20%,we know china in good to do a business so think why they leave crypto because they can't earn here in crypto that's all.