Why so many Bitcoin users have fear of governments?

[EdenHazard]

For a newbie 'yes' they would say like that, bitcoin will be destroyed by the government because of the regulation that they are blind. They are afraid because the government banned bitcoin until finally he has the idea that bitcoin users will sell it, it's a bad thought. They didn't know that government regulation only provides a temporary price reduction effect.

And this has a similar position to the government, the government only sees the cryptocurrency of its negatives alone. They prefer to see or hear bad information about cryptocurrency, with good information they will ignore it. Until now I have not known for certain why they (government) prohibit cryptocurrency, especially in my country. Whereas before they prohibit the cryptocurrency of the country's economy is not threatened by the user and even many people who have no income (unemployment) before with jump into the cryptocurrency of their economy for the better.

[victorski]

I dont have one...I live in such country, where if something is forbidden it take only few days for people to find a way to find another way, lol.

[shawa]

MANY BITCOIN USERS HAVE FEAR OF GOVERNMENTS BECAUSE THEY ONLY SEE BITCOIN AS A CASH IN THEIR BANK ACCOUNTS RATHER THAN TECHNOLOGY

[vitimers]

This is because government can take legal action if you violate their laws like ban on crypto. Just because you are able to make those transactions does not mean that you are safe also.

[bitfocus]

if you ask me, I guess those people are using their illegal money to buy Bitcoin. when someone don;t pay taxes for his/her income/investment/property - that profit is actually illegal.

[dangwapo311]

I believe that bitcoin and cryptocurrency are a big threat to the government that is why they don't like bitcoin. Bitcoin being decentralized means the government cannot track down every transactions made with bitcoin so they can't implement taxes and you know government hates it when they are losing tax money.

[Powerpuff]

Theres only one reason why those users that afraid of governments is about TAXATION ,because of so much love of their profit,they dont wanna give the government a piece of cakes,and those people that agraid tl be tracked maybe they are doing something fishy about their money,because if we are really fair and law follower we must know that in every amount that we gain,theres a tax obligation for the government

I agree when it comes to paying taxes, Bitcoin investors have a history of being evasive. The IRS last year successfully sued Coinbase, a leading cryptocurrency exchange, for access to customer records after only 802 people reported gains or losses from Bitcoin in 2015. (A court last fall ordered Coinbase to identify more than 14,000 customer accounts to the IRS.)

[samoilov]

This is because some governments have already banned bitcoins and thus legally people in those countries cannot invest in bitcoins. You can use loopholes to invest but the danger of legal action is always there.

[Nivir]

This is because some governments have already banned bitcoins and thus legally people in those countries cannot invest in bitcoins. You can use loopholes to invest but the danger of legal action is always there.

Not just that they don't have the opportunity to invest but what hurts most is they cannot convert it into fiat when they need cash. Lucky for reach people that can easily travel to countries that are friendly to bitcoin. I am always thinking of this because it may possibly happen in my country too.

[brylle34]

I can't escape to notice that many users here on forum have terrible rebbelious fear of governments. Like government is some evil devil that will destroy Bitcoin and other cryptocurrencies. But is this realy so, do such claims have any reasonable ground at all?

To my opinion the cause for something like that is again ignorance. I think that regulation that is mentioned in many countries is often mixed with centralization which is something that is not natural to Bitcoin because it's functioning totaly different than fiat currencies. Also some warnings to people that Bitcoin is volatile and risky investment that come from national banks are often interpretated as hostile behaviour towards Bitcoin and attempts to make people not to use it.

Is there any hope that Bitcoin users and governments will find the common language and help Bitcoin together to be more accepted in economy, especialy by businesses and to become more "legal" everywhere?

of course, everyone will fear of any actions of the government if the cause will be negative for us bitcoin users and traders, i agree with you ignorance is the cause even here in our country the media are feeding the people with the wrong news like for ex. The title of their news is Bitcoin Scam, but if you will look at it the investors and the people who wants or likes to explore what bitcoin is will have a negative impression, and the problem is that is also the first time they heard bitcoin and they will say that bitcoin is scam, but in reality the problem is what you said ignorance.

[traderethereum]

because the government can do anything they want, remember, the government has an unlimited source that could do whatever they want. people are afraid of the government is because they can break any law or regulation that has been made by the governments.

but I am sure that in someday, bitcoin user and the government will have the same agreement about bitcoin that bitcoin is a new thing of payment system that could help many people and the countries and the government itself will make good regulations that will neutral for bitcoin user and they are not against with bitcoin.

[Mymikagab]

Some corrupt governments just want get some taxes to our bitcoin if they knew we are holding a huge bitcoin on our wallet. so that's why being anonymous is more important so the government will not get our hard earn money.

you're rigth a lot of corrupt countries and because they do not think that they make a bitcoin for their intentions i'm afraid of them because i know that my country is corrupt i hope just support bitcoin not to bad intention to help our country.

[coinsontheroad]

I can't escape to notice that many users here on forum have terrible rebbelious fear of governments. Like government is some evil devil that will destroy Bitcoin and other cryptocurrencies. But is this realy so, do such claims have any reasonable ground at all?

To my opinion the cause for something like that is again ignorance. I think that regulation that is mentioned in many countries is often mixed with centralization which is something that is not natural to Bitcoin because it's functioning totaly different than fiat currencies. Also some warnings to people that Bitcoin is volatile and risky investment that come from national banks are often interpretated as hostile behaviour towards Bitcoin and attempts to make people not to use it.

Is there any hope that Bitcoin users and governments will find the common language and help Bitcoin together to be more accepted in economy, especialy by businesses and to become more "legal" everywhere?

It is. Read some history books and you'll find your evidence.

As long as the people trying to regulate bitcoin don't understand bitcoin, regulation will be negative.

[Josiah Dave Leonor]

Many bitcoin users have fear of governemnts because has the power and rights to manage and decide what is on its internet facilities.  The government can do whatever they want to do and so much unlimited power to over rule their land, like they can banned the use of bitcoin or other cryptos. And also have the abilities to be a monarch

[zngit]

Your idea is possible to achieve. Government and bitcoin users will become partners in the future run of crypto negotiation. There are changes that was done a couple of months. Some countries make cryptocurrency welcome with government blessings. While other remains banned crypto. Maybe in the future of little by little it will be seen.

[entrepmind23]

I can't escape to notice that many users here on forum have terrible rebbelious fear of governments. Like government is some evil devil that will destroy Bitcoin and other cryptocurrencies. But is this realy so, do such claims have any reasonable ground at all?

Yes some people are afraid that government would decide to ban cryptocurrencies. I, myself is afraid that someday our government would just totally ban crypto which is bad news for me as I am earning more in crypto than in fiat at the moment and i would be force to let it go in case that happen as I don't want to violate the law.

To my opinion the cause for something like that is again ignorance. I think that regulation that is mentioned in many countries is often mixed with centralization which is something that is not natural to Bitcoin because it's functioning totaly different than fiat currencies. Also some warnings to people that Bitcoin is volatile and risky investment that come from national banks are often interpretated as hostile behaviour towards Bitcoin and attempts to make people not to use it.

Through cryptocurrencies, people find a way to freedom from the government but then here comes regulation and people do not want to accept it. We are already experiencing decentralization but then the government do not want to let go of their control which would mean centralization but I don't think it would be fully centralized if there is regulation because some of the transactions are still anonymous.

Is there any hope that Bitcoin users and governments will find the common language and help Bitcoin together to be more accepted in economy, especialy by businesses and to become more "legal" everywhere?

Yes eventually this would happen. We can see some countries already regulating cryptocurrencies and some of the biggest stock exchanges wanted to integrate crypto trading as well because they can see that more people are getting interested in it.

[Sarastiche]

Yes so many fear of Government as there policy can have a positive or negative impact on BTC price, especially developed countries with well regulated banking system, to convert your profit to fiat migth be a barrier if there are policy against BTC in your country

[brainape]

if you ask me, I guess those people are using their illegal money to buy Bitcoin. when someone don;t pay taxes for his/her income/investment/property - that profit is actually illegal.

People have to obay the rules and regulation and low of their country otherwise they will be punish for that. In fact if a government will turn bitcoin as illegal then undr the tretory of that country you are not allowed to exerciese it, therefore people are worring about if their governemnt will turn bitcoin as illegal then it will become difficult for them to use bitcoin as openly as they were using it before.

[Name: Claudio]

Most of the people who hold Bitcoin and sometimes having a second thought if they will invest more because of their fear to government is new members and starters since they don't have the basic foundation and don't have yet strong belief that someday BTC is going to be accepted worldwide.

[Birdiebig]

Yes so many fear of Government as there policy can have a positive or negative impact on BTC price, especially developed countries with well regulated banking system, to convert your profit to fiat migth be a barrier if there are policy against BTC in your country

Yes, I agree with this. In fact, we have witnessed a boom in the value and capitalization of the crypto market in 2017. This shows that part of the impacts and policies from the government are not approaching or the crypto environment is Unregulated and legalized (spontaneous and deflated). But this year, we've seen that the bans and the effects from the government have a huge impact on the value of the crypto and bitcoin markets. Then the G20.

For a market that is spontaneously commingled by the community. Government is always a challenge with bitcoin and crypto. Any information or distractions given may seriously impact the value of the market. It is always a concern from users and investors like us.