Why so many Bitcoin users have fear of governments?

[ShiroThe5th]

Many people now using bitcoin and the fact that some of bitcoin users afraid to there government. And the reason why it is because maybe their country banned bitcoin or there country is really prohibited not to use bit.

[redhorsebeer1980]

Many countries are not ready to adopt crypto currency.People are afraid to lose the one of the good investment and long term investment if government will ban bitcoin.They can totally ban bitcoin in our country then its a big lose for us bitcoin users if its happen. Im also the one whos afraid that bitcoin will gone, because bitcoin is a very big help for us.

[tester4206]

the government can destroy bitcoin prices because today many new players are very easy to panic when there is a ban or bad news from the government of course they bitcoin traders are very afraid of the government because they are regulatory traders

[dario.93]

Obvious, most of guys possibly have fear because they dont wnat they funds to be lost, I would fear that mostly, if my country would ban crypto

[bentong talong]

Obvious, most of guys possibly have fear because they dont wnat they funds to be lost, I would fear that mostly, if my country would ban crypto

Many Bitcoin users are afraid of government because government is powerful enough to have a control in Bitcoin. If people will keep on working in cryptocurrency world, government could find it as threat to the economics or banks.

[Congyang]

the government seems to have no feelings if it has to deal with bitcoin, because the government only makes the authority that disadvantages bitcoin users including one is the ban on cryptocurrency in the country. so that's what bitcoin users are concerned about government policy.

[Duogembrot]

I think many bitcoin traders are frightened by the government because the government will destroy the price of bitcoin and kemunkginan also because the government will play a price in the market so that makes a lot of that will lose.

[Ronni]

For me, it is because of the power of the government, whenever the government wants to ban bitcoin, they can easily do it. Bitcoin users are afraid if the internet or the usage of bitcoin will be restricted by the government. The government's power is very powerful, the users cannot do anything about it if the government orders to stop the usage of bitcoin... they need to obey it unless they will be in jail. Well, government can really do what they want.

[wengden]

They are afraid of govenrnments because government can exterminate bitcoin. But I think government cannot stop bitcoin. They can just make a regulation for it.

[Woolles890]

Some Bitcoin users are afraid of the government because they think that the government can do anything that eventually makes Bitcoin destroyed. But if we can think clearly, Bitcoin will never be destroyed by the government. Because in Bitcoin there is advanced technology that can change the world for the better. I think someday Bitcoin can really help the world economy and be legal everywhere.

[Lazada]

One of the biggest threats is the government's decision could have made Bitcoin use banned. It certainly will be very painful because then the price of Bitcoin can decrease drastically and we all experience losses. Government decisions are vital to the development of Bitcoin, therefore Bitcoin users are always very hopeful that Bitcoin can get the right regulation.

[berrieswithwine]

What I hope to see is golden mean between regulations and freedom. For example, not so long ago one regulator informed users that one of the ICO's is a potential scam. It didn't ban it, didn't punished, just informed people about a possible threat. I think it's a perfect middle ground.

[DoublerHunter]

One of the biggest threats is the government's decision could have made Bitcoin use banned. It certainly will be very painful because then the price of Bitcoin can decrease drastically and we all experience losses. Government decisions are vital to the development of Bitcoin, therefore Bitcoin users are always very hopeful that Bitcoin can get the right regulation.

Government have the power to make changes in their country and also to its environment and you are right because that kind of threat is very scary for the users of the bitcoin and also other cryptocurrencies because they might experience a huge loss for their cryptocurrencies if the government ban their cryptocurrency from their country because it will provoke to the market to fall down because of the bad news. So it is a double loss for them.

[lasry]

One of the biggest threats is the government's decision could have made Bitcoin use banned. It certainly will be very painful because then the price of Bitcoin can decrease drastically and we all experience losses. Government decisions are vital to the development of Bitcoin, therefore Bitcoin users are always very hopeful that Bitcoin can get the right regulation.

Government have the power to make changes in their country and also to its environment and you are right because that kind of threat is very scary for the users of the bitcoin and also other cryptocurrencies because they might experience a huge loss for their cryptocurrencies if the government ban their cryptocurrency from their country because it will provoke to the market to fall down because of the bad news. So it is a double loss for them.

If were talking about absolute authority , no doubt governments has it. And without the cryptocurrency, government will be able to sustain itself, it wont be a lost for them. The greatest harm of bitcoin to these people is that they don't have the power to control it out, they are powerless when it comes to virtual money.

[AT005]

First of all this fear is not only of BTC users but also of the government.Government is afraid of this virtual currency as they can not trace it from where the money is coming or going.They are helpless and they are not in condition to take decision either to allow or ban it.In India , Government has legalized it but on other hand RBI(reserve bank of india) suggest not to trade in this currency as no one can have the record of the transactions.
  This unstable position of government threatning the BTC users. They are in hesitation what if they invest in this sector and govenment illegalised it.

[chadtn]

Fear comes from ignorance. When you do not know, you are disarmed. Therefore, what everyone is afraid of is quite natural

[Jimrch]

Bitcoin users are afraid to government because they are the law itself. Either the government will ban the usage of bitcoin or they allow bitcoin to be introduced legally in our institution. Either of the 2, there will be a streak of negativity.

[icecream sandwich]

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?

The bitcoin users are afraid because if the government did not like it and they have agreed to banned it they will banned it in that particular country and you cannot do anything about that because they are the government and they have the power. And what will hapoen to your holdings? Of course you cannot access that anymore because the bitcoins are inaccessible in your country any more. That is why bitcoins people are afraid of to lose all their holdings that they have worked for a long time.

[masudginanjar]

maybe now Bitcoin and Government are at odds but I'm sure someday the government will embrace Bitcoin.

because I believe Bitcoin has a transparent system there is a history of transactions and can not be falsely. then later the government can use the system to be developed in government, financial institutions and Banks.

[deppil]

Bitcoin users are afraid to government because they are the law itself. Either the government will ban the usage of bitcoin or they allow bitcoin to be introduced legally in our institution. Either of the 2, there will be a streak of negativity.

Because the government is super power dude! they can do anything with all the equipment they have. so users are afraid of the government. because the government is very likely to ban bitcoin and exert a tremendous influence on the market and the development of bitcoin. thats why most users want the legality of the government