Why do people panic and sell their bitcoin when it falls in value?

[legend45]

It seems that the government in some countries has begun to receive bitcoin for investment even among them has also wrapped Bitcoin for the Payment Method. So there is no need to worry about the existence of Bitcoin even though previously the government had a decentral technology.
The panic that is there for Newbies because seeing the price of Bitcoin is down is the lack of understanding and experience in learning the character of the crypto market. Later they also understand when they have a lot of experience.

It has been predicted for a long time that bitcoin will be accepted by the government even though many initially rejected it. Because I have read that technology when it first appears will usually be controversial and fearful from many parties and when it becomes more popular they will accept the technology, it turns out that it has benefits. We should understand this because bitcoin and crypto offer freedom for their owners in managing their finances.

[Asiska02]

Government are only fighting bitcoin just to be centralized and within their control, they don’t care about the losses incur by users that are trading or storing them as another asset they can depend on. They want to be able to know the worth of their citizens and be able to tax them as appropriately as their wealth translates. They don’t care about the bitcoin or its existence and if ever stop to exist today, they won’t care to know why and won’t falter for that will lose their money.

It seems that the government in some countries has begun to receive bitcoin for investment even among them has also wrapped Bitcoin for the Payment Method. So there is no need to worry about the existence of Bitcoin even though previously the government had a decentral technology.

For the countries that have embraced the use of bitcoin investment, they’ve actually done a good thing and have also shown to their people that bitcoin investment and the use of it for payment can be actualized by its people. In spite of this, they also stand to benefit from it as tax are being added to those using them that’ll be given to the government.

The panic that is there for Newbies because seeing the price of Bitcoin is down is the lack of understanding and experience in learning the character of the crypto market. Later they also understand when they have a lot of experience.

Newbies that will be using bitcoin as a means of investment will definitely be in panic as the price of the cryptocurrency fluctuates. They can always have a different perspective and approach to it if they’ve already understood what it entails and what can be achieved through it. Knowledge is power, newbies should always seek it before investing in bitcoin.

[satpol_PP]

Government are only fighting bitcoin just to be centralized and within their control, they don’t care about the losses incur by users that are trading or storing them as another asset they can depend on. They want to be able to know the worth of their citizens and be able to tax them as appropriately as their wealth translates. They don’t care about the bitcoin or its existence and if ever stop to exist today, they won’t care to know why and won’t falter for that will lose their money.

It seems that the government in some countries has begun to receive bitcoin for investment even among them has also wrapped Bitcoin for the Payment Method. So there is no need to worry about the existence of Bitcoin even though previously the government had a decentral technology.

For the countries that have embraced the use of bitcoin investment, they’ve actually done a good thing and have also shown to their people that bitcoin investment and the use of it for payment can be actualized by its people. In spite of this, they also stand to benefit from it as tax are being added to those using them that’ll be given to the government.

Yes, the government can get tax from bitcoin transactions or other crypto. This is a good income for countries that have allowed their citizens to invest and transact with bitcoin. Although many countries still have concerns about bitcoin and some still reject it. I think the government of countries that prohibit bitcoin should follow the example of other countries that have accepted bitcoin.

[doc]

Yes, the government can get tax from bitcoin transactions or other crypto. This is a good income for countries that have allowed their citizens to invest and transact with bitcoin. Although many countries still have concerns about bitcoin and some still reject it. I think the government of countries that prohibit bitcoin should follow the example of other countries that have accepted bitcoin.

Every government has its own considerations on why they accept or ban bitcoin because they may have reasons or they may be afraid of their FIAT if their citizens switch to crypto. Even though the government can get taxes from crypto transactions, they should take the positive side.

[Asiska02]

Yes, the government can get tax from bitcoin transactions or other crypto. This is a good income for countries that have allowed their citizens to invest and transact with bitcoin. Although many countries still have concerns about bitcoin and some still reject it. I think the government of countries that prohibit bitcoin should follow the example of other countries that have accepted bitcoin.

Every government has its own considerations on why they accept or ban bitcoin because they may have reasons or they may be afraid of their FIAT if their citizens switch to crypto. Even though the government can get taxes from crypto transactions, they should take the positive side.

Only countries that have seen that their currency is the best and are topping the charts in global currency market will always want to think that their currency value will be depleted when they allow the use and transaction of bitcoin in their country as an alternative to their fiat currencies.

The countries that are third world and don’t have the strength of their currency being seen in the global market will still succumb to the advise of the first world countries which they depend on. I think this is amongst the reasons why we haven’t seen a large number of countries adopting this new technology of financial independence.

[nakmantu99]

Yes, the government can get tax from bitcoin transactions or other crypto. This is a good income for countries that have allowed their citizens to invest and transact with bitcoin. Although many countries still have concerns about bitcoin and some still reject it. I think the government of countries that prohibit bitcoin should follow the example of other countries that have accepted bitcoin.

Every government has its own considerations on why they accept or ban bitcoin because they may have reasons or they may be afraid of their FIAT if their citizens switch to crypto. Even though the government can get taxes from crypto transactions, they should take the positive side.

Only countries that have seen that their currency is the best and are topping the charts in global currency market will always want to think that their currency value will be depleted when they allow the use and transaction of bitcoin in their country as an alternative to their fiat currencies.

The countries that are third world and don’t have the strength of their currency being seen in the global market will still succumb to the advise of the first world countries which they depend on. I think this is amongst the reasons why we haven’t seen a large number of countries adopting this new technology of financial independence.

Maybe you are right, big countries whose currencies dominate the world think that allowing bitcoin will affect their money, especially China. Because Europe and the US have started to open up to accept bitcoin, but until today we have not had the Chinese government accept bitcoin.

[Hisbullah]

Maybe you are right, big countries whose currencies dominate the world think that allowing bitcoin will affect their money, especially China. Because Europe and the US have started to open up to accept bitcoin, but until today we have not had the Chinese government accept bitcoin.

Actually, big countries do not need to worry about their currencies being replaced by bitcoin because it seems that FIAT and bitcoin will not destroy each other, they can coexist. because their citizens will always use FIAT as a currency that is legalized by the country, while bitcoin is for investment in the crypto world.

[Hamza2424]

Maybe you are right, big countries whose currencies dominate the world think that allowing bitcoin will affect their money, especially China. Because Europe and the US have started to open up to accept bitcoin, but until today we have not had the Chinese government accept bitcoin.

Actually, big countries do not need to worry about their currencies being replaced by bitcoin because it seems that FIAT and bitcoin will not destroy each other, they can coexist. because their citizens will always use FIAT as a currency that is legalized by the country, while bitcoin is for investment in the crypto world.

Hmm, Quite understandable concept but what will be your comments if people start using Bitcoin as their primary payment such as institutional transactions that provide services in different domains, it won't be expensive for such institutions because it will be cost and time-efficient for them at the same time it will bring all records on-chain and they can obtain any type of data anytime without concerning about maintaining the backup ledgers. Everything will be available for you if you have a good data analyst or good API will enough too. It will be a one-time lifetime investment for them.

They cant allow Bitcoin to grow limitlessly, there will be always some terms and conditions.