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Author Topic: Are bitcoin investors violators?  (Read 814 times)
avp2306
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November 09, 2024, 10:02:55 PM
 #61

...so I am want to ask a personal question, do you think of yourself as a bad citizen for disobeying the government? Do you agree that you are a violator for breaking the law? Now see things from a religious side as well, by disobeying the government and investing in bitcoins, are you committing the sin of direct disobedience?

It really depends on the law; its universally accepted that stealing is bad, Bitcoin is legal in one country and illegal in another so its not universally accepted that holding Bitcoin is bad; its just the government that makes it look that way.
I don't think you are committing a sin, but you are violating a law in your government that makes it bad for their citizens, so its on your discrepancy if you think that you are violating then don't hold if you believe on Bitcoin and you think you have future holding it, then go hold, just don't get caught holding, its for everyone's preferences there is no one rule.

Truly depends on the countries regulation if they allow or discourage their people to use bitcoin. If there's massive crackdown implemented and government says or declare that bitcoin is illegal then automatically you violate the law by using or acquiring it. Not following government order is actually a direct disobedience and you commit a sin on the government only.

But to become a bad citizen for that matter, I guess its not since for sure its never so bad to used bitcoin. Its just there are regulators didn't understand how to use it since maybe there's certain conflict of interest that they are protecting and they cannot take advantage with bitcoin to gain something that's why some of them discourage or totally ban this asset.

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November 10, 2024, 09:45:34 AM
 #62

Bitcoin is still very illegal in many countries and to many governments, but in many of these countries, what is surprising is that you will still find investors in bitcoins who are going against the government and secretly buying and investing in bitcoins. An example of some of these people are members in this forum, so I am want to ask a personal question, do you think of yourself as a bad citizen for disobeying the government? Do you agree that you are a violator for breaking the law? Now see things from a religious side as well, by disobeying the government and investing in bitcoins, are you committing the sin of direct disobedience?
I don't consider myself a bad citizen for defying the government. Even though bitcoin is illegal in my country, I am earning bitcoin by trading bitcoin from my country and managing my life with my family. I am earning money working in Bitcoin I think I am playing an economic role in my country. I saved my life from unemployment if I don't work in bitcoin I will definitely be unemployed but I saved my life from unemployment by working in bitcoin forum and bitcoin so how can I disobey the government and claim as a bad citizen so I always consider I consider myself as a good citizen. There are many people like me who don't work in Bitcoin, they are unemployed, I rather defy the government and make a good living working in Bitcoin so I am a good efficient citizen for a country.

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November 10, 2024, 04:06:40 PM
Last edit: November 10, 2024, 04:19:05 PM by SOKO-DEKE
 #63

Bitcoin is a good investment that can change someone's life. If Bitcoin is illegal in your country does mean that it is illegal in all countries I am sure that even countries where the government did not expect Bitcoin are investing in it secretly and profiting from it. As for me I don't see anything wrong with it that you are a bad citizen, when you are looking for ways to generate income to help yourself and your family, Now if someone told you that you are breaking government rules and you will never invest in bitcoin again, or what are you trying to say, I believe we are in the same local board and you know how the country is and the economy is very hard everyone is looking for funds, and you invest in bitcoin and you are profiting and you are wondering if it is bad.Lips sealed

The truth is that every country has its own laws that guide all citizens. Therefore, each country needs to consider the benefits of certain things before deciding to make them legal. For instance, with Bitcoin, I know it can be very helpful for the economy. However, due to a lack of understanding in some areas, certain countries may not fully grasp its benefits, which could be why it’s illegal in those places.As a citizen, you must follow the laws that govern you. If anyone goes against these laws, there are always consequences. So, if your country has made Bitcoin illegal, I advise you to avoid it to avoid punishment. However, if there’s a way to invest in Bitcoin without the government's knowledge, then I would suggest investing in it discreetly.

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November 10, 2024, 08:51:22 PM
 #64

Bitcoin is still very illegal in many countries and to many governments, but in many of these countries, what is surprising is that you will still find investors in bitcoins who are going against the government and secretly buying and investing in bitcoins.
The government is against bitcoin just because of their own selfish interests, and nothing more. The government doesn’t have any concrete reason for banning bitcoin, we all know the reason for them banning it, so I don’t care if I am violating that kind of law. The government wants to be in control of us, they never wanted anyone to have freedom. The government doesn’t have anything serious to say about bitcoin, all they do say is that bitcoin is used for illegal activities, but fiat currency is also used for it, so why are they not banning fiat currency, and they just after bitcoin?

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November 10, 2024, 09:10:34 PM
 #65

Violators or not it's not for any government to decide. Countries who banned bitcoin are just afraid of it to take over their own currency in delusional way which will not happened to an open market, not corrupt and in dictator type of authority in any country. Instead of buying the statistics of criminals who go to bitcoin to hide, why not open their financial policy just like any big countries who accept bitcoin for what it is. Many people stick their eyes on bitcoin due to investments and its so many features — freedom of their financial use.

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November 10, 2024, 09:27:26 PM
 #66

This doesn't apply to me because the government in my country didn't ban bitcoin or in other words illegal. I wouldn't use the word violators if bitcoin is banned or illegal in a country but rather use what alastantiger explained which is civil disobedience where a person didn't follow the command or demand of the government. Anyway, I don't think I ever read or heard someone said that he/she is a violator in their government since he/she did not obey the command which is not to use cryptocurrency in their country hence why cryptocurrency is banned in their country although they are doing it in secret since they may go to jail.

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November 11, 2024, 04:06:53 AM
 #67

This doesn't apply to me because the government in my country didn't ban bitcoin or in other words illegal. I wouldn't use the word violators if bitcoin is banned or illegal in a country but rather use what alastantiger explained which is civil disobedience where a person didn't follow the command or demand of the government.
It is more easy if Bitcoin is Legal Tender or Legal in your country but if it is Alegal or Illegal in your nation, you still can use it too. It's only up to you to be more knowledgeable, experienced in mastering your non custodial wallets, inputs and outputs use as well as other supporting tools for Privacy like Bitcoin Full Node, Tor for your transactions.

Generally you will have to be more carefully if Bitcoin is not yet Legal in your country.

Violators or not it's not for any government to decide. Countries who banned bitcoin are just afraid of it to take over their own currency in delusional way which will not happened to an open market, not corrupt and in dictator type of authority in any country. Instead of buying the statistics of criminals who go to bitcoin to hide, why not open their financial policy just like any big countries who accept bitcoin for what it is. Many people stick their eyes on bitcoin due to investments and its so many features — freedom of their financial use.
Governments can decide your legality status because they have law and law enforcement tools and staffs in hands. How do government use their power to support, serve their citizens or attack against their citizens, it will depend on how that government is structured.

In your life, you mostly can not change how a government is structured and operated so you have to take care of yourself, your fund and privacy first.

Bitcoin privacy guides and resources.

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November 11, 2024, 07:29:01 AM
 #68

Violators or not it's not for any government to decide. Countries who banned bitcoin are just afraid of it to take over their own currency in delusional way which will not happened to an open market, not corrupt and in dictator type of authority in any country. Instead of buying the statistics of criminals who go to bitcoin to hide, why not open their financial policy just like any big countries who accept bitcoin for what it is. Many people stick their eyes on bitcoin due to investments and its so many features — freedom of their financial use.
Oddly enough, civilians are required to always obey all rules and policies implemented by the government, but individuals within government circles deliberately and openly violate the rules. Corruption occurs everywhere, they also often practice nepotism. When the country considers Bitcoin as a commodity asset, there is nothing to be afraid of investing in Bitcoin because every transaction made by the Investor will be taxed. Indirectly, the government gets income from these taxes and this will be very beneficial for the country.

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November 11, 2024, 08:26:17 AM
 #69

Bitcoin is still very illegal in many countries and to many governments, but in many of these countries, what is surprising is that you will still find investors in bitcoins who are going against the government and secretly buying and investing in bitcoins.
The government is against bitcoin just because of their own selfish interests, and nothing more. The government doesn’t have any concrete reason for banning bitcoin, we all know the reason for them banning it, so I don’t care if I am violating that kind of law. The government wants to be in control of us, they never wanted anyone to have freedom. The government doesn’t have anything serious to say about bitcoin, all they do say is that bitcoin is used for illegal activities, but fiat currency is also used for it, so why are they not banning fiat currency, and they just after bitcoin?

One evidence that governments have to say about Bitcoin is that it is a decentralized system which means that governments are unable to impose control over it even if they wanted to. Besides, the government of any country has very limited scope to practice the tendency to levy tax on transaction fees. Bitcoin can be an important hedge for a country but governments are hesitant to align themselves with its regulatory regime. I also think that due to the decentralized system it is a bit difficult to identify the users and some users may do various illegal transactions through Bitcoin which may result in the government taking a strict rather than flexible stance on Bitcoin. But as the number of Bitcoin users and investors around the world continues to grow, governments should gradually become more mature about their stance.

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November 11, 2024, 02:54:48 PM
 #70

The truth is that every country has its own laws that guide all citizens. Therefore, each country needs to consider the benefits of certain things before deciding to make them legal. For instance, with Bitcoin, I know it can be very helpful for the economy. However, due to a lack of understanding in some areas, certain countries may not fully grasp its benefits, which could be why it’s illegal in those places.As a citizen, you must follow the laws that govern you. If anyone goes against these laws, there are always consequences. So, if your country has made Bitcoin illegal, I advise you to avoid it to avoid punishment. However, if there’s a way to invest in Bitcoin without the government's knowledge, then I would suggest investing in it discreetly.

when it comes to Bitcoin every country has its regulations but no matter how they have decided to fight Bitcoin with regulations and policies they find it hard to stop people from investing and even with all these regulations I just feel they are overriding the people's interest because I won't have interest on a particular investment and the government is fighting me not to invest this shows that the only concern that the government is after is control and how they can make money.

and they always feel they are making the best decisions when it comes to making money. There is always heavy tax, which is one of the challenges that other countries are facing because the tax is becoming a problem for people to pay and sometimes even leads to harassment from the authorities just because they have failed to pay their tax. It is a punishable offense not to be able to pay your tax.

And back to the Bitcoin violation, the people who are investors in Bitcoin have not been arrested just because they are investing in Bitcoin so no matter what they want to do they can not do anything, investing is not a crime.
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November 12, 2024, 03:07:53 PM
Merited by fillippone (1)
 #71

Bitcoin is still very illegal in many countries and to many governments, but in many of these countries, what is surprising is that you will still find investors in bitcoins who are going against the government and secretly buying and investing in bitcoins. An example of some of these people are members in this forum, so I am want to ask a personal question, do you think of yourself as a bad citizen for disobeying the government? Do you agree that you are a violator for breaking the law? Now see things from a religious side as well, by disobeying the government and investing in bitcoins, are you committing the sin of direct disobedience?

 Even without not answering the question you know the answer, going against the Government by investing in Bitcoin doesn't mean you are a bad citizen, who is the government, the government is people who are to take the responsibilities of the citizens but they don't, no one needs to wait for the government before eating, the government might be our leaders but they are not people who will decide how we are going to leave our lives.

If you look at some of our governments that don't want the citizens to do anything that concerns cryptocurrency they are the ones that steal public funds and convert them to Bitcoin and hide it, we have many graduates that don't have a job how did the government is going to take care of them, we can't be watching because of the government and die with hunger, so for me investing in Bitcoin doesn't mean you are a bad citizen.

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November 12, 2024, 04:49:54 PM
Last edit: November 12, 2024, 05:26:54 PM by Cryptomultiplier
Merited by fillippone (1)
 #72

Bitcoin is still very illegal in many countries and to many governments, but in many of these countries, what is surprising is that you will still find investors in bitcoins who are going against the government and secretly buying and investing in bitcoins. An example of some of these people are members in this forum, so I am want to ask a personal question, do you think of yourself as a bad citizen for disobeying the government? Do you agree that you are a violator for breaking the law? Now see things from a religious side as well, by disobeying the government and investing in bitcoins, are you committing the sin of direct disobedience?

This post deserves a good merit score because while we hustle every day and hope to live a life of fulfillment, it is good to reflect on our dealings, hence why upon reading through, I think that cryptocurrencies belong to its own government which may be as a new world order and that is why many current government are against it.

Still, with constant adoption by other countries and even them going as far as becoming Bitcoin capitalist by owning mining farms, introduction of Bitcoin paying ATMs that can accept cash to buy Bitcoin, I think many governments will come around to accept it or else face a financial revolution.
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December 21, 2024, 09:07:46 PM
Merited by fillippone (1)
 #73

Bitcoin is still very illegal in many countries and to many governments, but in many of these countries, what is surprising is that you will still find investors in bitcoins who are going against the government and secretly buying and investing in bitcoins. An example of some of these people are members in this forum, so I am want to ask a personal question, do you think of yourself as a bad citizen for disobeying the government? Do you agree that you are a violator for breaking the law? Now see things from a religious side as well, by disobeying the government and investing in bitcoins, are you committing the sin of direct disobedience?

Perhaps you shouldn't have used the religious way because i don't think Bitcoin is even written anywhere in the Bible and I believe we all know that bible support anything that is good and after all we are not frauding people to get it rather through the knowledge and understanding we have and we do use our own hard earned money to trade and invest to make more money. However, I will rather go against what the government said that is wrong than to go against what God said and even some of those government are using this same asset they are prohibiting people from using.











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GeorgeJohn
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December 21, 2024, 09:50:00 PM
 #74

Bitcoin is still very illegal in many countries and to many governments, but in many of these countries, what is surprising is that you will still find investors in bitcoins who are going against the government and secretly buying and investing in bitcoins. An example of some of these people are members in this forum, so I am want to ask a personal question, do you think of yourself as a bad citizen for disobeying the government? Do you agree that you are a violator for breaking the law? Now see things from a religious side as well, by disobeying the government and investing in bitcoins, are you committing the sin of direct disobedience?
I can agree with you that bitcoin is still not a legal tender to some countries, and the country bitcoin is a legal tender can be counted, so I know very well that bitcoin has not be officially pronounced as a legal tender to well known countries, so that doesn't mean that some countries is after whosoever that involves in bitcoin, so I believe that bitcoin that no country is monitoring the citizens that uses bitcoin.

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December 21, 2024, 10:18:45 PM
 #75

Bitcoin is still very illegal in many countries and to many governments, but in many of these countries, what is surprising is that you will still find investors in bitcoins who are going against the government and secretly buying and investing in bitcoins. An example of some of these people are members in this forum, so I am want to ask a personal question, do you think of yourself as a bad citizen for disobeying the government? Do you agree that you are a violator for breaking the law? Now see things from a religious side as well, by disobeying the government and investing in bitcoins, are you committing the sin of direct disobedience?

Perhaps you shouldn't have used the religious way because i don't think Bitcoin is even written anywhere in the Bible and I believe we all know that bible support anything that is good and after all we are not frauding people to get it rather through the knowledge and understanding we have and we do use our own hard earned money to trade and invest to make more money. However, I will rather go against what the government said that is wrong than to go against what God said and even some of those government are using this same asset they are prohibiting people from using.

As long as we are not doing illegal things and everything we do is aligned to the law of the land then for sure that we are fine and cannot do anything bad to other people.

But situation is different if the law doesn't allow us to buy bitcoin since this is illegal since we will commit a crime if we pursue even if the law dictates us not to do it.

So therefore do right decision which you will not have any conflict to government or anything that can put you on harm. But if the case we are allowed to invest and do things what we like then best to work clean to earn so that there would be no issue arise in future.

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December 21, 2024, 10:36:13 PM
 #76

AFAIK, those people that have bought Bitcoin in the countries where it is illegal have bought it first before they made it into and pass a law saying that Bitcoin is illegal.

To be honest, it's your personal finances and even it says that it is prohibited because for some personal reasons of the government, nothing is violated in a global outlook.

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December 21, 2024, 11:15:38 PM
 #77

AFAIK, those people that have bought Bitcoin in the countries where it is illegal have bought it first before they made it into and pass a law saying that Bitcoin is illegal.

To be honest, it's your personal finances and even it says that it is prohibited because for some personal reasons of the government, nothing is violated in a global outlook.

A global outlook doesn't work if the laws within the country of your residence don't allow you to do something. You can't give the excuse that something is legal in other countries or on a global scale when you are caught using it when it's illegal within your country. Suppose your government bans Bitcoin and cryptocurrencies and says using or accessing them is unlawful. In that case, you can't do it unless you can access platforms without regulations and be able to get involved secretly.

Also, if someone had bought Bitcoin or cryptocurrencies when it wasn't illegal and then laws are made and it becomes illegal, you will have to sell your assets if you have them in a centralized exchange because transferring them to a wallet where you wish to store them might get you in trouble because it will get linked with your identity through the centralized exchange you were using.

If you have always had your assets in a non-custodial wallet and the wallet service doesn't get banned, you can probably keep them despite the legal status.

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December 22, 2024, 06:46:28 AM
 #78

Bitcoin is still very illegal in many countries and to many governments, but in many of these countries, what is surprising is that you will still find investors in bitcoins who are going against the government and secretly buying and investing in bitcoins. An example of some of these people are members in this forum, so I am want to ask a personal question, do you think of yourself as a bad citizen for disobeying the government? Do you agree that you are a violator for breaking the law? Now see things from a religious side as well, by disobeying the government and investing in bitcoins, are you committing the sin of direct disobedience?
Well Op I don't know where to classify you whether for us or for government who make unnecessary decision and want people to stand by it. If I may ask you, will you stand by a law that prohibit you from succeeding in life simply because  you want to obey someone that is an emermy to your progress? For me any law that is against my success is never to be regarded as anything. Does it mean that op has not disobey government law before? apart from bitcoin. If you ask me I will say this thread is not necessary.

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December 22, 2024, 12:39:09 PM
 #79

Bitcoin is still very illegal in many countries and to many governments
This is so wrong.

If you think that you are not wrong, name the countries bitcoin is not legal and let us discuss about it and you will see how you are very wrong. Bitcoin is illegal in just few countries.

I am quite sure that you will not have up to 15 countries among the 195 countries in the world.

Yeah, you are right. One country has been a prime example in banning Bitcoin is mainland China, not only Bitcoin but all Cryptocurrency, they took that action on 2023 after China's stock market has been sinking for 3 years eventho their reason was to curtail financial crime and prevent economic instability. Highlight the part where I mentioned to "prevent economic instability".

Most countries who hasn't make Bitcoin or Cryptocurrency as legal, they just haven't regulated it yet, and I believe they soon will regulate it. Moreover, if Cryptocurency is illegal in your country, some people open a bank account in different country and buy Cryptocurrency, this action alone is not a crime because such law is only applied in its own territory where the government has the power.



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December 22, 2024, 09:39:07 PM
 #80

Bitcoin is still very illegal in many countries and to many governments ~~~
How do you define "very illegal"?  Huh
Sure, the legality of Bitcoin depends on the laws in the countries, it can be legal or illegal.
I see nothing wrong with this, we only follow the regulation in our respective countries. Here, it is legal for investment, so we have no problem to invest in Bitcoin. Meanwhile in other countries that it is still illegal (both for investment and payment tool), kindly avoid utilizing Bitcoin because you may get a problem for holding Bitcoin. Just be patient, I assume it should be legal everywhere in the future.

~~~ what is surprising is that you will still find investors in bitcoins who are going against the government and secretly buying and investing in bitcoins. An example of some of these people are members in this forum, so I am want to ask a personal question, do you think of yourself as a bad citizen for disobeying the government? Do you agree that you are a violator for breaking the law? Now see things from a religious side as well, by disobeying the government and investing in bitcoins, are you committing the sin of direct disobedience?
Dude, when you buy Bitcoin, you don' need to get a permission from your government. It is a decentralized asset, there is nothing to do with your government. As long as the regulation in your countries allow Bitcoin investment, it is always okay to buy Bitcoin any time without a permission from your government. You only brake the rules/regulation in your country if it is not allowed in your countries.

By the way, in many countries, we pay for taxes for Bitcoin investment. Even in our local exchanges, we pay for taxes in each transaction in the local exchanges. So, nothing wrong with this, we even give the contribution for the income of our country.


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