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Author Topic: Bitcoin is not to banned or rejected  (Read 675 times)
pinkman12345
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November 04, 2018, 08:23:30 AM
 #61

Bitcoin is just like barter system and no economy can reject this basic trade rule. So bitcoin can never be banned, if banned by any nation then it will thrive most in that country.

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November 08, 2018, 07:35:03 PM
 #62

Many people associate bitcoin with fraudulent activities. But criminals successfully use any national currency, especially dollars. Therefore, bitcoin can not affect the growth of crime and money laundering.

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November 08, 2018, 08:16:04 PM
 #63

It seems to me that on the contrary - bitcoin is able to make the entire financial system much easier and more transparent. Transactions can be tracked, which means that criminals are clearly uncomfortable to use this currency. Therefore, you should not equate bitcoin to a criminal currency.

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November 08, 2018, 08:28:53 PM
 #64

Many countries these facts only justify the prohibition of bitcoin. But in fact, the authorities simply act in their own interests, since the adoption of a decentralized, independent cryptocurrency is not profitable for them.

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November 08, 2018, 08:37:03 PM
 #65

It seems to me that on the contrary - bitcoin is able to make the entire financial system much easier and more transparent. Transactions can be tracked, which means that criminals are clearly uncomfortable to use this currency. Therefore, you should not equate bitcoin to a criminal currency.
Even though the transaction can be tracked but we do not know who the owner of the address is and everyone is free to transact, this allows a dark transaction to be traced. We know there are many scammers in the online world that make it have a lot of risks in it, because bitcoin still doesn't have a center that can be used as a legitimate regulation. But so far the use of bitcoin is very good and there is not much bad news circulating about criminals using bitcoin, so with many investors, I feel there will be no banned on bitcoin.

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November 09, 2018, 12:31:37 AM
 #66

Sounds like that you are not contented with the current regulation and the need for amendment or to improve it is necessary but actually the current regulation is much effective in most of the great countries like Japan, USA and Germany in which i don't hear any negative reaction after they legalized Bitcoin so i think you presumptions regarding weak regulations will only depend of the country but not the entire crypto community.

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November 09, 2018, 02:48:08 AM
 #67

Bitcoin is not prohibited or rejected for use by users but is a warning to be careful when investing or trading against unstable prices, and also bitcoin often fluctuates at any time by unbalanced supply and demand that fraudsters can take advantage of from beginners

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November 09, 2018, 04:21:45 AM
 #68

Bitcoin is a tool that can make the future good, no one can ban or stop, because the development of bitcoin is very good and of high value. This development provides a very useful thing, so it is worth keeping.

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November 09, 2018, 04:45:18 AM
 #69

not all countries prohibit bitcoin, many countries have legalized bitcoin in their countries, and I hope bitcoin is not banned in all countries because bitcoin is very helpful to the economy of its users, even though bitcoin is at risk of being misused, but actually bitcoin is much more useful if used positively.

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November 09, 2018, 06:49:55 AM
 #70

Bitcoin is a currency that is capable of exploding and giving a better life, and if the user uses it negatively, it is not a negative bitcoin but the user. So bitcoin remains good and continues to grow well, bitcoin deserves to be maintained and many will adopt it.

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November 09, 2018, 06:59:33 AM
 #71

There are various reasons and risks from Cryptocurrency including:
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.

       For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.

       Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.

I question my self that do we can be free or stay away from fraud?


Bitcoin is not totally ban though, but there are certain countries that bans it from using crypto (if they catch you). Still you can go and  use it just don't be caught.

Maybe your country is not aware of Bitcoin already, but you are right you will be caught in these countries, because they think you are the scammer on the network of people. But you can move where you live through Japan or Korea ... that allows you to use bitcoin without being blocked.

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November 09, 2018, 09:18:08 AM
 #72

There are various reasons and risks from Cryptocurrency including:
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.

       For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.

       Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.

I question my self that do we can be free or stay away from fraud?


I think if we want mass adoption on bitcoin, we need government regulation. Many country already allowed bitcoin as an asset and commodities and i think with regulation, bitcoin investor or holder more protected from fraud

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November 09, 2018, 01:15:59 PM
 #73

aat the end of the day, all banning will lift, see how China ban and unban again and again.
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November 09, 2018, 01:47:30 PM
 #74

There are various reasons and risks from Cryptocurrency including:
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.

       For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.

       Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.

I question my self that do we can be free or stay away from fraud?

Actually, all of that are correct and the reason why some government banned it is it can be uses in some crime. But, there some government allowed to use it in their country because they see the potential and function of cryptocurrency. I hope in the coming future all countries will allowed and unbanned cryptocurrency because this thing will help to easier life.



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November 09, 2018, 02:20:16 PM
 #75

It seems to me that on the contrary - bitcoin is able to make the entire financial system much easier and more transparent. Transactions can be tracked, which means that criminals are clearly uncomfortable to use this currency. Therefore, you should not equate bitcoin to a criminal currency.
Even though the transaction can be tracked but we do not know who the owner of the address is and everyone is free to transact, this allows a dark transaction to be traced. We know there are many scammers in the online world that make it have a lot of risks in it, because bitcoin still doesn't have a center that can be used as a legitimate regulation. But so far the use of bitcoin is very good and there is not much bad news circulating about criminals using bitcoin, so with many investors, I feel there will be no banned on bitcoin.
I think that's what makes some governments in the world forbid or feel threatened when bitcoin grows in their country, because of the possibility of financial crime, because they can't track someone's transactions. but when the government has found a way to control and monitor users, of course the ban will no longer exist

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November 09, 2018, 02:23:05 PM
 #76

not all countries prohibit bitcoin, many countries have legalized bitcoin in their countries, and I hope bitcoin is not banned in all countries because bitcoin is very helpful to the economy of its users, even though bitcoin is at risk of being misused, but actually bitcoin is much more useful if used positively.

It is true that it can help other people to earn some money but it is not that easy since to earn a profit out of these crypto currencies,  you should be able to have virtue of being patient. If you are not patient enough, you will not be able to earn money in the future. If the government banned them, I don't have any thing to object there since it is their decision, not mine.

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November 09, 2018, 02:30:11 PM
 #77

Blocking Bitcoin or accepting it is still a problem that has not been solved. You can see that many countries accept Bitcoin and there are a lot of countries opposed to it. We need to have Bitcoin associations and need lots of useful information to get it back.

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November 09, 2018, 02:35:38 PM
 #78

Decentralized nature of bitcoin makes it very difficult to regulate by any authority. The developers of bitcoin had a mind of innocence while it was developed purely for P2P transaction never expected it could be used for evil. The evil nature of bitcoin usage has to with the choice people are making daily using bitcoin if only we can restrict ourselves within the ambient of bitcoin whitepaper then bitcoin would have been what was in the mind of the developers from inception. We the users should help and use the coin with care and for virtue and not for evil.

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November 09, 2018, 03:20:13 PM
 #79

Crypto currency market is expanding day by day so if some says that it is banned it will be just rumors i have personally invest in crypto and i know that it very fruitful so i am sure that in the near future all the payment will be through bitcoin and crypto and people will not use their traditional payment modes but they will be through their mobile phones and computers via internet and this will be the modern payment system .

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November 11, 2018, 07:17:18 PM
 #80

If used correctly, bitcoin will not disrupt the economy of the country that adopted it, only improve it. This technology is not designed to be used by fraudsters, it has very different goals.

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