Quote from: anushkasachith888 on August 13, 2018, 09:57:22 AM

I think Bitcoin and cryptocurrencies can give us financial freedom if you are with it, but it requires the patience, if you are a holder since last year you must know how hard it is right now, I am too very tough with money cos all my money in Cryptos.

Sounds like you have to sell some bitcoins, mate. It will always be risky to put your money in one basket even when it's something as big as bitcoin. You should always have backup money so even when bitcoin dies or your wallet gets hacked, you will still be safe financially.

Quote from: Soots on August 13, 2018, 08:12:28 AM

Quote from: MUSFIKAR on August 13, 2018, 07:55:07 AM

In my opinion, Bitcoin and cryptocurrency protect us from taxes and protect the identity of its users and the Bitcoin system allows people to protect their property from anyone's reach.

Corruptions from government officials who were greed is the very strong reason why bitcoin could protect us from that kind of manipulations. Bitcoin return back those money wasted from the undesirable over taxation which every peopel are going to pay forcibly. That's right bitcoin freedom really empowered every individual to have definite confidentiality towards their every digital assets.

Even with the corrupt government, we will always need tax because it's how the country sustains the country's needs. The help might not reach you directly, but the government is using tax to fix things and offer services for free. Although it's really sad to see that not 100% of the tax goes to the people but some goes to the government officials themselves.

Quote from: Dianafangki on August 13, 2018, 07:22:45 AM

Quote from: trangoccho on August 13, 2018, 06:58:16 AM

Bitcoin protects people from the centralized world economy, where everything is controlled by the government. For example, bitcoin allows community users to determine the price they want to sell or buy. It also protects users from information leaks due to its well-known security and anonymity

kyc will completely eliminate anonymity, this is unfortunate, but I think if the government does not control the flow of currency fluctuations and especially if they endorse bitcoin. all greed will become wild and uncontrollable, this will make the impact of mental destruction even greater.

I only understand that bitcoin protects people from ignorance, there is an increase in economic degrees and even hope for a better life competently.

I'm not really sure if anonymity was ever a thing since exchanges are requiring you to verify identity (KYC) in order to exchange your bitcoins into cash. The government will just ask for the list of users from an exchange, and they already know who are the crypto users in their country. At the end of the day, our money will still have to go through the exchange because it's how we convert our bitcoins into fiat money, sadly. No matter how anonymous we tried to stay online. Although of course there will always be ways to bypass this like selling your bitcoins to people directly or have someone else cashout the money for you and have it named for someone else.