War on cryptocurrency!

[jlong187]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

I think that people are usually afraid of those things that they do not understand, and our American people are too lazy to get deep into Bitcoin, so if the government would studying the opportunities and make a user's of them...

[Sled]

Since there are so many altcoin in the market today, they compete a lot in all aspects, so I do not think it's a good idea to focus on investing or holding. Project to choose the best ICO

The traffic sometimes increases and sometimes decreases which is clearly showing on the graphs. Due to traffic the value of Bitcoin increases and when the traffic reduces then the value decreases I mean to say about demand rate.

The current market shows that demand rate has decreased and that is why the value is low but this low value will attract people again and the market will go high because Bitcoin is available on such low price that is why they want to get benefit from this favorable market.

The price of bitcoin is a very cheap deal and people should not miss it because if they will not get those cheap bitcoins then they will regret it for the rest of their lives. Bitcoin has a panic selling scenario for the past few weeks but it is now recovering and it is now healthier than before which is a great news for the holders because it means the price of bitcoin will go up sooner than later.

[embargo]

The war on digital currency does not really make sense, as the society develops and seeks to move from fiat currencies (strictly controlled) to digital settlements, without lack of control. Naturally, this can not but be liked by those who essentially lose control over the system.

[inspirone1]

The reasons of course our money. In my country politics are used to steal, so with blockchain and decentralization would came up and my country they would not be able to do that anymore.

[Cosbycoin]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Becuase some country they dont accept bitcoin. Becuase the Government does not understand Bitcoin which can also be used by someone who wants to earn income, and they are trying their best to regulate or ban bitcoin to avoid future conflict when it comes to their interest. 

Because the governments do not want the crypto currency to reduce the power of its fiscal and monetary policies. Besides, the government wants its people to stay away and refrain from indulging in illegal activities like dealing in drugs which could be paid for in Bitcoin.

Besides they may also ban the crypto to restrict its people from investing their hard work earnings in crypto which is sometimes risky.

[darewaller]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Well, most of the countries I know that banned cryptocurrencies are those ones that are not yet developed. But if you look at it, there are majority of developed countries that are into cryptocurrency and allows their citizens to make use of it. So if you ask me, this kind of war is an easy war.

All those countries have made their choice and you don’t have no right to tell them what to do. If they feel like Bitcoin is having negative impact to their country, then it’s their right to stop citizens from making use of it.

[anntlevel]

Since there are so many altcoin in the market today, they compete a lot in all aspects, so I do not think it's a good idea to focus on investing or holding. Project to choose the best ICO

The traffic sometimes increases and sometimes decreases which is clearly showing on the graphs. Due to traffic the value of Bitcoin increases and when the traffic reduces then the value decreases I mean to say about demand rate.

The current market shows that demand rate has decreased and that is why the value is low but this low value will attract people again and the market will go high because Bitcoin is available on such low price that is why they want to get benefit from this favorable market.

The price of bitcoin is a very cheap deal and people should not miss it because if they will not get those cheap bitcoins then they will regret it for the rest of their lives. Bitcoin has a panic selling scenario for the past few weeks but it is now recovering and it is now healthier than before which is a great news for the holders because it means the price of bitcoin will go up sooner than later.

This is not about what the people want. This is all about what the government does. I will not call it a war because calling it a war will be a bit over exaggeration but yes many countries across the world have banned the crypto currency just because it can pose a possible threat to the economic status of its people and also to the policy instruments of the government like the fiscal policy and monetary policy. There is a long list.

[allaking]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

That is a bit of an overstatement I would say. Governments are concerned about taxes and politicians are going to take advantage of the banks and industries to control this new market. The war will be on the communities.

This is exactly so. The taxes are what the government want and want to do everything possible to tarnish the image of bitcoin. I believe they will understand it one day and support bitcoin.

[iv4n]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

That is a bit of an overstatement I would say. Governments are concerned about taxes and politicians are going to take advantage of the banks and industries to control this new market. The war will be on the communities.

This is exactly so. The taxes are what the government want and want to do everything possible to tarnish the image of bitcoin. I believe they will understand it one day and support bitcoin.

It's not a bit overstatement, it's huge. There aren't many governments that banned bitcoins, just few of them and as I can read on internet people from this countries didn't stop with using crypto because of the ban, they are working under the radar and that is what would I so if my government do something similar.
Crypto is the one who declared a war to current monetary systems across the world. Underestimated, small, with just a handful of people look where we are now, we keep on growing and taking more and more companies and governments under the crypto flag!

[laracastvue]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

War on cryptocurrency is just the same as war on drugs, government will be not winning because people will still prefer to invest on bitcoins since they are getting more profit in that way more than placing their money on banks.

[inspirone1]

It is all politics to get the people to play to their game, they are aware of the high cost of traditional banking system. They want to take control of the  new ssystem, reason they are ranting regulations.

To be controlled by government is a reality. Be addictive means took him no chance to get profit for yourself personally. You will always pay somebody for something. It is like breathe air and pay for that air.

[ishinn99]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

War on cryptocurrency is just the same as war on drugs, government will be not winning because people will still prefer to invest on bitcoins since they are getting more profit in that way more than placing their money on banks.

Yeah right, people now are being addictive to cryptocurrencies are it gives us more profit than an offline job. Soon more and more people will join and invest in cryptocurrencies and the governments cannot stop it.

[lenini]

Our financial system is, in fact, a financial pyramid based on the US dollar. The whole world understands this, and many are looking for an alternative settlement system and a way out of this financial pyramid. Constantly there will be attempts to kill the bitcoin. But I'm sure that we will still move to a decentralized financial system. It will be built on bitcoin or on some other crypto currency, but it will definitely happen.

[Boris_sahnevich]

Declaring war on them, they make the crypto currency even more popular. Black PR is also a good PR

[caseback]

This is true that there is truly war on cryptocurrency, there is big money involve here and who's not got interested especially the government that want to takes some just like the taxes..

[alizalela7]

Do you think that the crypto fight together, they support and develop together to create a healthy digital environment

[gareng1468]

many countries are forbid but there are many who allow their circulation to and can be use in their country. the reason for a country that refuses to, they have to protect they asset from crypto currency if the funds in that country are stolen or taken away. it is part of the state to protect their assets from theft in any irresponsible form.

[NewRanger]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

I think that people are usually afraid of those things that they do not understand, and our American people are too lazy to get deep into Bitcoin, so if the government would studying the opportunities and make a user's of them...

the government wants to totally control the money in circulation of this crypto market. the amount of money in circulation is huge, and with the anonymous nature of this market they are worried that any criminal proceeds are included here.

[kwamedat]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

I think is because of their inadequate knowledge on crypto.They see it to be a threat on their economy.

[sana54210]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Is there any war? Seriously? Because in our country, seems our Government has no sides yet whether to consider cryptocurrency yet as legal or illegal one, but One agency managing Banks, has given statement that investing in cryptocurrency is very risky, so when investing, one must study and learn before putting your money at risk. Because once you already know the technicalities in it, you can manage the risk properly.

No exaggeration at all. I have read about so many countries which have banned the crypto due to so many reasons. One of the reasons that is linked with the religious sentiments of the people is that it is not allowed in some religions to invest in such businesses about which you do not know what causes the rise in the price.

The simple economic explanation fails in explanation here because it fades in front of the religious rules. There are so many reasons due to which the government is unlikely to recognize crypto in some countries.