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Author Topic: Can we all please accept..  (Read 1712 times)
Crypto Piece
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February 01, 2018, 11:11:01 AM
Merited by BitcoinHodler (5), digaran (5)
 #1

Accept the fact that most of governments will oppose crypto currency. Obviously there are some countries who have decided to embrace the future, but let's face it, most of governments will stand against. Who likes their currency to be weaken? Every time a stupid country opposes bitcoin, there is so much fud and a great price drop.

China bans mining

South Korea will not ban crypto but obviously does not welcome it

India banning crypto

I fully expected this resistance from governments.

Don't be surprised if more countries come out against bitcoin
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h55
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February 01, 2018, 11:18:40 AM
 #2

Almost all governors against crypto for tax and other reasons. they want control people.
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February 01, 2018, 11:24:18 AM
 #3

People just can't simply accept the fact that their country bans bitcoin and they cant earn profit with some crypto. Some faucet and site did not accept Proxy servers or VPN so they have to face the reality that their government was not open to possibilities and opportunities in the world of cryptocurrency.
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February 01, 2018, 11:26:16 AM
 #4

It is a true fact that some countries and their governments are trying to ban bitcoins in their region.China has stopped ICO and not bitcoins there are lot of people who does mining in china .My dear friend as far as my knowledge i never came across a news that India is banning crypto may be you are stuck with the wrong info . I have lot of Indian friends and so far i never across a news stating that their government is banning bitcoins infact  the government is only going to bring in some kind of tax for the once who has gained  fortune out of bitcoins. I even came to know that Reliance is going to introduce their own digital coins so i don't think that India will ban bitcoins as it will only help in developing the economy of that country.If the people of that country become rich from bitcoins it will naturally contribute to the development of their region as the once who get profit will normally cash out the amount and will be transacting it to their banks so it is easy for the government to impose tax for the once who get unexpected wealth above their annual income so they are normally liable to pay tax if the amount is high.

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February 01, 2018, 11:43:33 AM
 #5

Most of the governments? Excuse me but so far we see only a few countries (maybe 3-4 or 5) thinking not to ban cryptocurrencies but to regulate.
China has stopped ICO and not Bitcoin: yes and I think it's good, honestly, most ICOs are crappy. So in the end, it helps cryptocurrencies to not get the cryptos tarnished by a bad reputation

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February 01, 2018, 11:46:28 AM
 #6

im sorry to say this as someone who owns many altcoins and crypto including bitcoin, BITCOIN IS dead.
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February 01, 2018, 12:10:35 PM
 #7

New people who do not understand about cryptocurrency and hope to get rich instantly has been panic, they think this news is a disaster and death for bitcoin. Some of them just read the headline and do not read the news content. Most of these people assume the fall of bitcoin prices today is due to the prohibition of bitcoin in some countries, whereas this is just a big correction of the bitcoin price increase. But this is better for the buyer, we will get a cheaper price and get more bitcoin.
Your panic is our profit Wink
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February 01, 2018, 12:13:51 PM
 #8

I think most governments oppose Crypto initially due to the scale of the change that it will bring, nobody likes change especially when the control is taken from them! I think that all of us in this forum and anyone involved in Crypto agree that it is the future (in 2,5,10 or 15 years we will be saying 'remember that FIAT money bullsh*t'). I hope that the UK is one of the first to begin accepting Crypto as something that's not going to go away and the sooner they welcome it the better chance they have to benefit themselves from the growth as others take on the challenge.

I also think that the bans, sanctions and regulations that try to be put in place against Crypto are more of a knee-jerk reaction to power being taken from them and a temporary action to try buy time. Governments only want control, if something is out of their control then it must be stopped (in their narrow minded heads). So we can expect that it's going to happen, all we can do as Investors/Hodlers/Traders/Enthusiasts is ride the storm and wait for the sunshine Cheesy

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February 01, 2018, 12:20:01 PM
 #9

im sorry to say this as someone who owns many altcoins and crypto including bitcoin, BITCOIN IS dead.
unfortunately you didnt understand the subject junior.
bitcoin is turned to a peoples organization now.
and nothing can resist to peoples choices. its just begining.
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February 01, 2018, 12:36:13 PM
 #10

Very dumb what they doing instead of benefiting from a great technology that have a Good use for humenity,  no they afraid of it and they start having a war aganist bitcoin
Trying to protect their old and rusty financial system but what ever they do Now bitcoin still make its mark in history and it wont be forgotten and who knows there still a lot of people behind crypto currencies and this bank wont affect anything...

don't accuse people of something  just because you can
P.S i don't care about your opinion if you didn't present it respectably
also i don't have any multple accounts on this forum and i won't make one
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February 01, 2018, 12:44:31 PM
Merited by feedo (1)
 #11

There are three types of reactions I am seeing around: some governments don't exactly know how to approach crypto so they ban it initially and that gives them time to figure out what to do next, some others (while they don't know what to do, too) just refrain themselves to warn people that bitcoin is not backed up officially and it highly speculative and the rest of this regular blah blah.

But there is also a third type of reaction, which is the most mature, this is to try to embrace bitcoin and try to regulate it (read: try to tax it and get most of it).

I will be expecting that with time more and more governments mature regarding bitcoin and will do that last (third) thing, they will try to tax it.

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February 01, 2018, 12:46:29 PM
 #12

Nothing to accept here, I think we all knew that already. The government see the money involved and they want their cut, they also want control, its the 2 things they hate the most not having.
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February 01, 2018, 12:51:26 PM
 #13

People always saying they hates banks and their governements, that they don't trust them. But when we have a new way to change our world economy, people listen to medias and hates also the solution.

I believe most humans are just too stupids or too affraid to not be a sheep
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February 01, 2018, 12:53:32 PM
 #14

They want to control people and to track their money...but this can not happen for long. Soon we all are going to the direction when bitcoin comes legal everywhere
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February 01, 2018, 12:57:32 PM
 #15

Most of the governments? Excuse me but so far we see only a few countries (maybe 3-4 or 5) thinking not to ban cryptocurrencies but to regulate.
China has stopped ICO and not Bitcoin: yes and I think it's good, honestly, most ICOs are crappy. So in the end, it helps cryptocurrencies to not get the cryptos tarnished by a bad reputation

it doesn't have to be full on banning bitcoin. standing against bitcoin can simply be a set of very hard regulation rules, huge taxes, lots of registration and document submissions,... practically making it harder and harder to get involved with cryptocurrencies and mostly the businesses will take the hit. but they simply relocate to a crypto friendly country as it has happened before.

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February 01, 2018, 12:59:39 PM
 #16

Accept the fact that most of governments will oppose crypto currency. Obviously there are some countries who have decided to embrace the future, but let's face it, most of governments will stand against. Who likes their currency to be weaken? Every time a stupid country opposes bitcoin, there is so much fud and a great price drop.

China bans mining

South Korea will not ban crypto but obviously does not welcome it

India banning crypto

I fully expected this resistance from governments.

Don't be surprised if more countries come out against bitcoin

All these you have said fall under fundamentals . The news come positive and negative , thus shaping the market be it cryptocurrency, forex or stocks - so they are quite normal.

We have to understand that digital currency belongs to the growth in technology which blockchain is a product of.

Technology has come to stay and likewise its offshoots. Except we are also not certain that technology is now here with us.

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February 01, 2018, 01:01:13 PM
 #17

Let me tell you this, government loves crypto currency. They are scambags whales hiding as bitcoin haters. They cast fears, fake ico ban news. They love to see bitcoin crash so they can buy more from the dip.

Accept the fact that most of governments will oppose crypto currency. Obviously there are some countries who have decided to embrace the future, but let's face it, most of governments will stand against. Who likes their currency to be weaken? Every time a stupid country opposes bitcoin, there is so much fud and a great price drop.

China bans mining

South Korea will not ban crypto but obviously does not welcome it

India banning crypto

I fully expected this resistance from governments.

Don't be surprised if more countries come out against bitcoin

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February 01, 2018, 01:02:48 PM
 #18

I do! and I believe we all do as we're all aware of that
The majority of governments want to control everything happening inside their domain (people, finance, currency, situation...) but there are other 'Open-Minded' countries that can see Crypto as the real future enabler (not promoting anyone but Estonia as a clear example)
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February 01, 2018, 01:05:45 PM
Merited by btcprospecter (1)
 #19

well well, i think regulation can be a good and a bad thing for crypto because, regulating something means somebody have control over it.
Taxing and regulating is the way to put some control on something they don't have yet, i do agree with the OP but this was something everyone's knew already, now it's just getting under everyone's attention and this isn't a good thing in short term, we will see what could happen in the next couple of months/year.
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February 01, 2018, 01:06:42 PM
 #20


Indeed, there is nothing surprising in this, because there are countries that, on the contrary, welcome crypto-currencies, bitcoin and new technologies are related to this. This does not need to pay much attention to these news, the market of crypto currency is not very active, not only because of this.


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