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Crypto is ruled soon by sec and goverment its not goodw

Make your cash and get out of crypto
Pepple dont like regulated things fuck rules and regulations crypto is freedom if the goverment start fuck woth our bitcoins and crypto then its not good


We stay for using cash 

The government can only access your Bitcoins if you allow them to. There are many ways to use Bitcoins without compromising decentralization or privacy. If you view Bitcoin as a cash and grab scheme, then just maybe you do not fully understand it yet and should just stick to fiat.

Bitcoin is for poor people to earn money !
Govermemt touching even the kyc is bad its control
I use cash so no kyc stupid kyc we dont need kyc anyways

So its killing of freedom. Reptiles is going to slave humans

It is often wise to be careful in a bull market. When everyone thinks bitcoin will reach 1 million in the next upcoming months, that's the time to be extra careful and do not buy more than you can afford to lose. Look at the possible negative sides and do not be greed.

That being said, I think you are wrong. Crypto is for the long term. SEC regulations will have a short/mid range impact over bitcoin. For long term there isn't much SEC can do.

All governments that tried to fight against technology failed before. And SEC will fail now if they try to rule bitcoin.

Bitcoin is for everyone and isn't peculiar to any social class; it can be different things to different people. A lot view it as an investment and speculate on the price, some use it for transaction and some as a store of value or a combination of any of the three.

There are also ways to remain pseudo anonymous even if the network is transparent. If you really want to discuss about Bitcoin you should make the effort to read the basics and understand how it works.

Ok what if one day SEC will ban all bitcoin ?

They can ban exchamgers like binance to deal with btc
They can ban all the mining activity.
The kyc they force on people are all ready bad

Its dictorship faschist nazi control now !!

What else do you expect? The government to allow us to use crypto currencies without any restriction? Of course they can't let you when fiat currencies will be involved. You can use crypto currencies without involving yourself with fiat (like p2p transaction, NOT converting it to fiat and so on) and the government will eventually trace you. They just can't let people use if with full freedom because of the risks involved.
Stop spreading FUDs. I guess majority of the people won't care about the regulation. Again, regulation is needed if we want to make crypto currencies mainstream. You don't like it, I guess you can use those "anonymous" coins.
So fuck bitcoin because government is taking control of it and you don't like it. But then use cash/fiat which is under the total control of the fiat. Okay, what?  ::) ::)

Ok not good its not good everybody will start use cash amd old banks again if the goverment touch btc

Or people small communities will create their own currency .
Amd nobody dont work with goverment anymore

It sounds very backwards because we are suppose to be cashless society soon.

Government had been fucking every one buts how they are going to make all these thing work since the dawn of time. We need to pay them for tax and all, thats basic as part of the society.  Regulation is good, it make thing legal and chances of adoption.

Rich and goverment friends never payed any taxes
Trump left office and no paying taxes
If you dont pay taxes you go in jail lol

Now they come in crypto i stay in cash i dont like cashless society i dont like internet or tech i even use old phone

I dont like apple even and i dont like facebook



If you guys dont pay me i dont stay here !!!

I suppose you dont understand the SEC stance about cryptocurrency cause most them are somehow crypto enthusiasts and their duties is to give investors security and also protect their fund. They are never against crypto.

Yes but only if Binance in US break their rules and regulations

No, thats not part of their duties cause their duties have to do with anything that involve investment and capital.

Yes, but when there huge number of scam activities and they have to protect the investors fund.
Note : Fiat is a failure system even the IMF have told the government the need of Central Bank Digital Currency.

What is the difference in staying with crypto that you think will soon be regulated with staying in cash that is already regulated?    I don't see any sense in what you wanted to tell us.  Choose regulated currency because cryptocurrency will be regulated soon?? Yeah right.

I also think that Bitcoin and other cryptocurrencies need to be regulated. Perhaps, it will allow us to make some spheres of our life such as economic and politics more transparent. Probably, we'll be able to use bitcoins in our everyday life to buy some food and pay for a cab e.g.
Therefore, crypto won't be using for sponsoring terrorism or another illegal money laundering.

Recently I've heard former Canadian Prime Minister said that Bitcoin can become an international reserve currency. In my opinion, it's great but we won't be able to see it without a proper crypto regulating system.

This is just more FUD and not supported by a single fact.

Nobody could access your crypto wallets unless you give them access. Govs could only ban individual exchanges and that's why we should keep the coins in wallets, not exchanges.

Bitcoin is not like ripple, that is one thing that you should know.

Seem like you are the victim of ripple investor, right? Loosing money because the price price just fall when SEC start make a lawsuit.

Honestly, there is no one who can do these things. Bitcoin is decentralized system, there is no owner or someone who can manage it, just someone who using it where will the bitcoin end up.

I think China was already doing this but nothing happens, you can't completely stop people from using Bitcoin, they can hide and becomes anonymous and protect their privacy.  SEC has nothing to do with it, even IF they will ban Bitcoin but there is still an alternative way to hold and own Bitcoin.

SEC in the US and SEC Chairman Jay Clayton explained how they regulate Bitcoin.
SEC Chairman Jay Clayton Explains US Crypto Regulation, Calls Bitcoin a Store of Value (https://news.bitcoin.com/us-cryptocurrency-regulation-sec-chairman-jay-clayton-bitcoin/).

Please read this about what SEC is and what they rule, it is not only about crypto.
Source here (https://www.investopedia.com/terms/s/sec.asp)
It actually rules exchanges in the U.S, so it is not for the world rules. however, if any crypto from the US and are considered as things under their regulation, they will act for it. But if the cryptos are not, so they will not get attention from SEC itself.

what you said is likely a FUD spread to this forum base don your deep fear about what SEC can do. SEC can do their power, but limited in the US. They cannot rule the world. Although it may really influence certain cryptocurrencies, it doesn't mean to influence all crypto in the world coming from outside of that country's regulation.

I think that you need to widen your mindset about this. Look around and not look at yourself only.

there is a fact because not all cryptos are decentralized . another fact is people dont like regulations but that applies to us crypto users but for users that dont use crypto they have no complaints in regulations.
 if an exchange gets banned , exchanges are going to return the funds to the users  but decentralized exchanges arent going to get ruled out , we are safe on using dexe's .
 we dont need to stay long but we need to know the right timing to sell and to go out and then return again if the oppurtunity strikes

Who will regulate Bitcoin and crypto? The government? So, then they will act like they are the owner of all crypto and Bitcoin? No, mate. It will be the wrong way if we let the government regulates Bitcoin and crypto. The government can regulate the use of crypto and Bitcoin in a country according to laws there, but it doesn't mean the government regulates Bitcoin and crypto as a whole. Let Bitcoin and crypto be always decentralized as their nature. I bet even Satoshi won't agree to let Bitcoin be regulated by the government.

Who are to you say that? you're not different from the government and SEC who tells what people must do and what's crypto is all about. They can regulate as much as they want but the market will continue to go on and it will be a regretful decision and idea while you're out forever.

It seems that you are holders of XRP, so you feel angry with the situation that XRP is getting lawsuits from the SEC. But that doesn't mean the crypto
world will end because of this, it looks like you are new to the crypto world. So can't see the potential of crypto in the future, especially Bitcoin will
present even greater surprises in the future than Bitcoin has shown us all this year. With the price of Bitcoin rising very quickly to a price above $ 40,000
it has motivated me to focus more on investing in Bitcoin. So your advice to stay for using cash is a bad thing in my opinion.

There might be some crypto currencies that is controlled by a centralized group but I don't think it is the majority. One of the best assets of cryptos are its decentralization and unless you are putting or saving your crypto currencies into centralized wallets, that is the time that you need to be careful.

Nah, I doubt that any nation or government can rule over bitcoin or at least most crypto, it could be regulated though, but it doesn't mean they have total control of it.


I will not say that people doesn't like regulations, you all can meet in-between, and crypto and fiat can co-exist so it doesn't make sense if we are all going full cash. Let the government do their thing and let us learn how to adjust, but still we can enjoy our crypto for the future.

Do you realized on what are those words you do spit out into your own mouth? Centralized or control you do say? Government had been doing this for almost a decade.
They cant suppress on something which is decentralized and if you do try to look at on how Bitcoin do able to bypass centralization then you might really have different words in your mouth.

Dont try to drag up people to believe into these bullshit if you dont know on what you are talking about.Even though services and platforms can really be regulated or
when government can really be having some intervention but doesnt mean that it would really be having the full control.

I also think so but I will quit crypto one day if I already get a lot of etherum then I will exchange it to fiat, after that I will retire from crypto and will open a business. because we do not know how long this era will last and also how government regulations on crypto will be. so ready or not, we have to prepare ourselves from a world without crypto someday. I personally still hope crypto is always good, especially in the world of bounties.

People don't like regulated things and because of that they will not allow the government to take over.

You can regulate exchanges but you can't regulate bitcoin. What is already in the hands of the users can be traded at will just like cash and the government can't change it.

I'd really like you to explain how this government takeover is going to play out.

Total Agree i have couple XRP when SEC sued againts XRP an the price goes dip down i feel sh** i just hope XRP price back again to ATH. and crypto is high risk so people must understand that before start investing.


Which is impossible to person control all hash of the blockhain

actually regarding the cryptocurrency controlled by that group is not true. because some big companies invest their money for the long term. You can see the Grayscale Bitcoin Trust as the largest bitcoin holder at the moment is quite optimistic that in the future the price will increase which is quite fantastic. but all of that returns to the individual

Why do I get the feeling you are angry over something! If you are it is a wrong approach towards crypto because you will only get yourself worked up for nothing,
Can you explain to me how you use cash without kyc! It must mean you have no connection with the banks, you clearly don't have your countries I.d and you don't have your information recoded in any place,
You are completely neutral to kyc and government, and the rest of us are slaves ;D

Maybe you are new to crypto mate or what? Governments cannot regulate Bitcoin only local exchanges. I can still use crypto and Bitcoin because it is decentralized and wallets are not controlled by governments too. I myself don't like restrictions but currently our local exchanges are regulated by the central bank and we have no problem with it as long as your transactions are not suspicious. You can still use Bitcoins to pay or buy goods and services online so no need to worry about regulations if you don't like it.

Governments cannot control Bitcoin or cryptocurrencies because they are decentralized and no one can control them. As for Ripple, I would like to tell you that XRP is a central digital currency and not a cryptocurrency, and this means that it is under the control of the Ripple Company, and since Ripple is subject to the laws of the US government so they filed a lawsuit Judicial on Ripple and may be removed from trading platforms. As for Bitcoin, for example, there is no company that controls it, so the US government cannot file a lawsuit.

The thing is, the longer I stayed in this industry, the high the amount of money I earned and last year was the best thing I did because I didn't quit crypto even though I lost some of my capital. The fruit of my perseverance and patience has been harvested last December and continues until today. I know your point about the sec controlling the other Altcoins but they won't get their hands on Bitcoin. If they want to, they could have that long ago but those guys completely helpless regarding the things about Bitcoin and all they can do is watch the market. They can touch the other cryptocurrencies but with Bitcoin, they don't really mind cause they can't do anything about it.

bitcoin will be centralized soon as it gets to the public, also bitcoin already reach its maximum potential but I trust in bitcoin it will go up and it will be a powerful virtual currency

If he think that cryptocurrencies do work the same with fiat then he's totally wrong.

You're right that governments can only have access to his bitcoin if they ask for it and you let them have it.

Cryptocurrencies like bitcoin is decentralized and you have a financial freedom when you have it. Don't waste your investment just because the OP said it, maybe he really lack of knowledge and he don't understand how cryptocurrencies works in the market.

Stop exaggerating things. Governments can't do anything about crypto. Sure they can regulate as much as they want BUT people can still find a way to go around it. Also, it's not like USA is the only country that is on crypto. The whole world has their eyes on it. It's a matter of how they are going to use crypto. If US prevents their citizens from using crypto, then other countries will likely get ahead of the game and they will lose on something big.

You can say that, but as long as you don't tell them how many bitcoin you have, they will not know. Even if the crypto ruled by them, we can still have a chance to use crypto without they know because they will not control the exchange itself. Yes, we make money, and that is because we sell our coins. You can decide for yourself to sell at the exchange or in the p2p or other things, and you should not tells to others when you buy and sell your coins.

I am sure we will have our way to make money, whether the government watch our step or not, but they take attention to the exchanges because the exchanges make a lot of money from trading.

In cryptocurrencies, price is determined solely on the basis of demand and supply, and speculation is what drives their price.
For instance, bitcoins being the most popular crypto is most expensive, priced over $ 9,000 as of February 26, 2018.
In April 2017, the bitcoin was priced at around $1,100 and within a year the price surged to over $9000 by February 2018.

Thanks

This is another FUD again for a person who doesn't even understand the world of crypto. We should not always consider decentralization in the world of crypto, we don't need the government to allow or to legalize bitcoin in our country because it can stand alone. Your wallet is safe as long as you don't share it with anyone so there is no way for any official to access it.

It seems to me that you are yet to comprehend what is the main distinction between a bad cryptocurrency and a good one. The former is one that can easily be destroyed by SEC for the reason that there are people in charge that must comply with existing laws. They have no choice but to abide by the law to survive on the market, to stay in business. If something goes wrong, the project they are managing will die quickly. Good cryptocurrencies are decentralized ones. They are good because they have managed to survive despite regulations, despite lack of central authority, thanks to their design, the technology they are employed to provide valuable functions. There are no specific persons in charge, SEC would experience hard times if tried to find someone to put in jail. They can't regulate it either because it works outside borders. Nation states and their laws don't matter because everything is occurring on a global scale. If there is an internet connection, you are free to transact permissionessly without having to rely on intermediaries.

there is nothing the governments can do regarding this. though, I admit the whole crypto space is getting centralized due to the influence of the major institutions. Even if the govt ban or regulated the industry too much, people will still find it around this.

Bitcoin will never be centralized and the governments have understood this before they make fud statement about Bitcoin some years ago. However, it hasn't reach its maximum potential either.
Having said that, I'm surprised the OP doesn't understand that the failure of the fiat currency was the reason why cryptocurrency was invented by Satoshi. Therefore, leaving crypto going to fiat is not sensible and I never for once see the SEC after control Bitcoin since they can only centralized exchange sites.

 How sure of you? What is your basis about this?
 
 
 Governments will either beat it or join it. While others are already implementing regulations about cryptocurrency, that doesn't take away the fact that  people are still using it. We understand why governments are doing such rules about bitcoin, it's all for a good cause and preventing others to abuse the use of cryprocurrency.
 
 
 Or we can both stay using btc and cash. That's my choice.

I will support crypto as much as I could and I believe that the next generations of ours will continue the adoption and by that crypto will live forever in each generations to come. The SEC issues will only a fud in my opinion and I believe XRP will got through that lawsuit so nothing to worry about. Governments cannot take down bitcoin as well.

Hello,

Just for better or worse, it is human nature to stick to what already works. Unless the current system is massively inefficient or is a strong pain point will users start looking for alternatives.
While Crypto offers an alternative to different industries, arguably the strongest alternative it provides is an alternative to the financial industry.
Currently, it is only in less developed countries where the financial system is flawed to the extent whereby citizens have to look for alternatives.
Citizens in countries such as Venezuela face hyperinflation, making it difficult to afford necessities with each passing day. Hence despite the price volatility, Bitcoin is seen as a reliable store of value and alternative to the financial system.
It becomes essential for us to even look for other prominent factors while considering bitcoin.

Why are your thoughts I'd like to know

Thanks

How can SEC ban something that is decentralized??
Some governments can ban their country in using Bitcoin and in fact some countries really did it but did they really banned their people in using it :). There are so-called VPN's to hide their identity.

How can they ban Binance to deal with Bitcoin?? Any explanation with this?
Mining activity?? Some countries might too but some of the countries who has a mining field or whatever you want to call to it is already supporting Bitcoin so I don't think that this will happen.
Regarding KYC, you have a choice to either not to share your personal information or you will. Its not compulsary.

Too much shit, get a life and just support crypto instead of bashing it ;).

If crypto still exists until the fourth generation, then they will see how big the crypto. But if crypto is not staying for a long time, they will see a new thing that will be different from the crypto. But like what you say, I also support crypto because I believe that crypto can help us fix our finances in the future, and we have a new opportunity to make money from crypto. The government will think twice to interfere with the crypto because they can not control the crypto.

Governments are not going to ban cryptocurrencies, they are just going to regulate this market, it was inevitable that it would happen. there is no need to panic and or worry


This is poor people:

https://www.thisissierraleone.com/wp-content/uploads/2012/06/One-in-four-sub-Saharan-Africans-goes-hungry-every-day-%E2%80%93-UNDP-report.jpg

do you think these people will stop buying food to buy bitcoin and make Hodl? bitcoin is for people who have stable financial conditions


Other countries will continue to use bitcoin

For getting good profit,stay in crypto too long is necessary .If we bought Eth before two years back then now we will be 15x at that time.We should not wait for its regularization.I think Governments will never regularize because its unstabilty.

Cryptocurrency will never bee ruled by the government or even control by the SEC or government, why? Simply because bitcoin is decentralized and the cryptocurrency is the freedom of digital currency and that's why many people are still going into this cryptocurrency because they don't want their money to be controlled by the world banks.
If cryptocurrency will be regulated in the country and the exchange of it is the controllable of the government then let's not be regulated because all of the people here wants freedom in crypto.

You do need to read more about the decentralization and the exact meaning of it. Decentralized crypto like bitcoin con not be controlled or be ruled by any government. Actually, that's the point of bitcoin. I saw another version of the post you sent back in 2018 and early on 2020 when some people were saying bitcoin will be controlled by the governments and this will decrease the value of each bitcoin, these negative fundamental news can distract some newbies who don't now enough about blockchain but not everyone.

Do you know what is decentralization? Many such things I have heard in the past and it could not affect Bitcoin to date even I  feel you did not fully understand how bitcoin works. Bitcoin's popularity is increasing. If we consider SEC will take action still I believe it will affect the bitcoin for a short time because bitcoin is a gem and it can pass any hurdle.

I don't know if OP really know about the concept of bitcoin and cryptocurrency because they are decentralized, which means they have no central authority that no organization and the governments can't control them. Your bitcoins can only be controlled if you are only using centralized wallets because you are not in control with your funds that they do not provide any private keys to decrypt your data.

On every situation of regulation there will be always other ways to use cryptocurrency and Bitcoin. And in my opinion different SEC's statements and decisions are not forever, they change all the time - from strict to easing. Their actions are like policy, very flexible and changeable. Nowadays it may be in such a way, and the next year it may be just on the contrary.

Centralization is only on the platforms or services that do connect with crypto but doesnt mean that it will completely stop the adoption.
Of course we do like decentralization yet no one will able to hold up our neck on what would we gonna do into our finances if we decide
to put or convert it up to crypto.It doesnt mean that we should go out nor dont stay too long into this market.Majority is been looking
positive towards it when it comes to future matters.So you cant really convince anyone to do so.

Fud spotted, I would like to ask how long have you been into crypto? Don't you think all the hurdles placed infront of bitcoin by SEC and regulators but they failed to stop Bitcoin and other crypto coins. I do understand there are shitcoins which will disappear but this doesn't apply for all the altcoins. I would suggest you to read bitcoin's history and struggle then you will understand that sec or government cannot shut down something they don't have control over.

The threat was always there. Since it started with accepting a few regulations, then more follow and more. This is the way it goes. And so many for years are trying to convince that this is required and those set of rules are needed for Bitcoin to become mainstream. Such is the way people think. Now it will be KYC. Next it will be restrictions and later it will be only allowed to hold in custodial wallets. And the same people that discuss financial freedom will be trying to convince you this is what should be done.

Even though the government supports crypto it does not mean bitcoin or crypto will be fully regulated, at least when the government has recognized bitcoin it is very possible for the government to make its own crypto and that does not mean it will regulate everything in crypto. As the world continues to become more digital then that is a great opportunity for bitcoin and there is no need for us to go back and support the massive use of cash, because cash now is something that will be avoided to prevent the spread of the virus. Therefore, bitcoin and other digital money will definitely be more popular in the future and that is why the government will have its own crypto.

Its all depend upon how regulations work. People like Cryptos  and you cam see investment in world of cryptos growing daily with big raise. If cryptos stays for some year it will change the world of inveating and buying. I prefer to do work on 100% secure exchanges

We will, the ones who are holding in most of the time will get the benefits of it. Bitcoin is starting to be known and those bad views about it are also changing over time.
Telling others to lose their bitcoins at this time will simply regret it once they start to see bitcoin hitting high numbers again. You can tell to sell if it's needed but completely disposing of it, that's a bad decision and advice.

Just let  them be and soon they would realize that they had committed the biggest mistake of their lives on missing out this good opportunity to make profits.
People wont really realize things until they had been fucked up or able to get some bad experiences with it.We are free to say up things but be sure that you
wont really be changing up those words when you do actually seeing the opposite on what you had anticipated or commented earlier. Staying up on crypto
doesnt really give chance for you to make money but we are actually talking into its usage and relevance.

we should really have to read a lot from reliable sources. Bitcoin is indeed controversial, there are many pros and cons, especially about its decentralized system. that is why many countries prohibit it because it cannot be fully controlled by the state. On the other hand, blockchain and bitcoin technologies provide many benefits and can solve problems that conventional financial systems cannot properly solve.

so many countries provide certain conditions regarding the use of bitcoin, for example, it can only be used as a trading commodity.

Learn how Bitcoin works, Bitcoin is decentralized by born and users able to remain anonymous while send/receive BTC.
If you use custodial wallet or centralized exchange then Govt. or organization will able to control your Bitcoin, even they can seized fund without showing any reasons. So try to use non custodial hardware wallet to store your funds.

Yeah, there's the freedom to tell things that we want but it's just condescending for this kind of guy whenever he says something like this. But at the last part that you have said, staying in crypto doesn't make money? well, as a holder and someone who had stayed in crypto, I've experienced many times that it's worth it to stay because it's rewarding.

I don't know why this man giving this kind of warning in this kind of forum. This SEC issue started because ripple and bitcoin are very different from bitcoin, I think OP was the one who got hurt from the time that SEC issued its lawsuit to Ripple and cry all the way out blaming everything on the whole crypto.

We are at a time where we are slowly transitioning into a cashless society and crypto is the one who will shine most of it so why you hate it  ???

I'm not sure how you think about crypto regulation but from what I see, SEC never has a huge control in here that makes us not to worry about it. I have some crypto but none from SEC asking KYC for me. 
If you are thinking that crypto has no good for you, then you are wrong because many people make a good living here, trading and investing. I ask you to try it and remove your worries about SEC regulation, then you will see how useful it was in this modern times. They'll never know that you are holding Bitcoin as you are anonymous unless you tell them.

I think it is natural for the government want regulate cryptocurrency, because the government only wants to protect fiat, so as not to be defeated
by cryptocurrency. But it is impossible for the government to control Bitcoin, so there is no need to leave the crypto world. Because it is very lossy
in my opinion if you decide to leave crypto, I already feel comfortable investing in crypto and until whenever crypto is still profitable for me there is
no way I will leave crypto.

You don't need to be overly emotional knowing that the government wants to regulate crypto, don't give up because of that. Because crypto is
the best asset for now, before deciding to leave crypto, try to pay attention to the movement of the crypto market. Don't rush into decisions
because of your emotions.
 

In my opinion, bitcoin is for everyone, both lower and upper class, whether it's for investing or as a transaction tool, I suggest you try to read the basics of bitcoin and understand how it works first if you want to discuss bitcoin.

I don't think much can be done if gov outlaws any non-gov issued crypto.   Its like - can you buy fully auto guns? You probably can, but can you go to range with it ? ..

In my country Bitcoin and other crypto currency is not legal. But I'm using it since 2017. This is not the major things for why we need to leave Crypto. Crypto is freedom but you need to use it secretly. There is no need to publicity that you are a Crypto holders or users. If you need to show off then cash your money. If you need to make money then use Crypto. Buy potential coin and hold it.

Government now on crypto currency declare a rule and regulation some people store bitcoin for long time.
It is safe for our future definitely crypto stay long time and i will see the future is crypto currency ..

I don't expect Biden administration to be friendly towards cryptocurrency. Already Janet Yellen has made some controversial comments on the subject of crypto. SEC will be under a lot of pressure to crack down on cryptocurrency. All they need is the slightest excuse. And the most worrying thing is that whatever happening in the US will be having a domino effect on the markets.

You live by these rules and regulations every day, so what is the difference when governments implement rules linked to Crypto currencies? They can only regulate the "Fiat" side of it and then create laws to restrict Crypto currency use outside of the "Fiat" part of it. So when your bitcoins touch centralized organizations like regulated Exchanges and also wallet providers and casinos and services, then the government can force these regulations.

They will not be able to stop transactions that are outside of these "regulated" organizations and services, because Bitcoin is decentralized. The moment when they "ban" Bitcoin, it will explode in their face, because illegal transactions does not generate taxes. (Underground and decentralized services will pop up like mushrooms, when they ban it)  

This comment reminds me of the time I saw Wolf of Wallstreet Jordan Belfort in a video few years ago saying bitcoin would go bust so get your money and get out.
Lets hope that people who were watching this back then didnt listen to him.   https://www.youtube.com/watch?v=hsaU4-AUW2Y

People may not like regulations, it's true. But how do you know that the results will be negative? On the contrary, regulations' positive outcomes can sometimes further increase trust. Nobody can guarantee this, and that's why it's not quite right to say to stay away from cryptocurrencies.

Well, I think this is just another naysayer hoping to discourage people from Bitcoin so that Bitcoin will fall and possibly have his revenge. Maybe sourgraping because of the loss that he got in dealing with Bitcoin or any other cryptocurrency. Such doom saying has no audience and only fall on deaf ears, I have already seen the impact Bitcoin has made in the market and I don't think it lead to people losing money. Sure not all are winners, but has profited handsomely from it.

Even though the future of crypto is still unpredictable, it doesn't mean we should already jump into conclusion that someday, the government will take over the authority in it. We should not forget that cryptocurrency is a decentralized currency meaning no organization or no government has authority over it. If I would be ask if I would stay for long in crypto, I'll say yes cause there are still a lot of things that will occur which will more likely be beneficial for us who stayed faithful towards it. We can stay using cash whilst using crypto too. Nothing's needed to be abandoned.

Yes. We can continue investing in crypto and fiat at the same time. I was here for quite long years, and with that long stay in crypto i was able to gain good amount of income. So i don't believe that crypto is not good for long term because the truth is crypto is more profitable if you keep it for long term. And crypto will never be controlled by the government because of its nature being decentralized.

Crypto is future currency's. So coming future most of the people use the cryptocurrency. Don't lose it. Bitcoin is good save. But time to buy and sell tha bitcoin. Investment is not easy to invest. Get the time for the bitcoin invest.

Only people who don't have a good knowledge of cryptocurrency say don't stay in crypto too long. Or even people who have suffered significant
losses investing in crypto would say the same thing. Therefore, before deciding to invest in crypto, we must first learn how to analyze the market
properly, without good analysis, it is very likely that we will experience losses when investing in crypto.

We have our own opinion on this matter. And seems that the OP is lost or something. Bitcoin, in particular, is more than a decade in the market. And now, he will say such thing not to stay long. Why? The foundation is going stronger each day. And now that more institutions are believing the capability of bitcoin, why stop now?

Yes, maybe he is the one who was hurt by the SEC ripple on ripple. Many are being hurt by the SEC's break when it comes to ripple. Maybe the OP lost so much that he no longer believes in cryptocurrencies. whereas crypto is a revolutionary technology that can change the way we transact.

Yes, it is difficult to predict well and where to go but it is clear and understandable.
hatred of course because there are problems that cannot be resolved and looking for something to be able to divert even into materials to cover up what he himself cannot solve properly.
things that are natural and humane but hatred which ultimately results in others being affected is certainly not good and must be ended.


It is very certain that what you say is the impact, but there may also be someone who experienced it not only him, it is just how to reduce what is experienced more wisely and wisely, no one wants it to happen.
everyone also wants to be successful, hopefully what he is talking about can be understood by him.

They are not against crypto and as a matter of fact most of them are crypto enthusiast. Don't worry they can't touch your asset and they will not ban any exchange unless they violate a rule/law. I am in crypto since 2015 and will stay as long as i live.

Yes, that is true. But how can you use bitcoins outside this regulated and centralized environment in a consistent way? If you want to use bitcoin as money in real life you will touch these regulations and will have to follow them sooner or later. That is for sure. Even to invest your crypto currency nowadays inside crypto universe you have to show evidence (source of funds) of your money's origin, furthermore your id, phone number, and so on.
Somehow OP has a point and a balance between freedom and regulations must be found to not discourage people to use and invest in crypto currency on long run.

The government can’t access your bitcoins and they don’t know if you have cryptocurrency or not, unless you’re the type that leaves traces that shows you own bitcoin, but as long you continue to keep it a secret, nobody is going to know about it and the government wouldn’t know.

You can avoid all these things making use of non-custodial wallets, but if you make use of custodial wallets like Coinbase, then you’re subject to regulation and the government knows your info. They are doing everything possible to be able to trace transactions, and I read there will be new rules to trace transactions to non-custodial wallets.

And how exactly governments are going to take control of this market? If you are going to make such a gloom and doom prediction at least you should give an explanation of how that is going to happen, it seems to me that you do not understand what is at stake, the economic circumstances change and right now no one wants to keep their cash, keeping cash is dangerous because it is being printed at an alarming rate, which is why you see investors putting their money in anything they see because they don't want to keep that cash.

Be careful with what you say, of course you can think about Bitcoin this way. But I think there are a lot of ways how you can see Bitcoin and none of them are wrong. Some people see it as an investment while some other people really believe in the blockchain and the decentralized thing about Bitcoin. I think the goverment isn't really able to start fucking with your bitcoins unless you give them acces ; )

Until recently, Bitcoin was trading at $ 40,000. Now it is 20 -25% cheaper. Plus high transaction costs, which don't allow to speculate with it properly. What do you think about fiat: will it disappear? If yes, then BTC gose to million dollars per 1. If not it may costs couple dollars

I've heard the same thing. It's like the story here in our town in where a man says judgment day is coming soon, so he spent all of his money since he can't bring it to his death, and guess what? he is homeless now and can't pay his debt. The point is, don't conclude too fast without any proof that'll support your claim.

And I find it hard to see that the Government will soon "rule" the decentralized cryptocurrency, Good luck to them though. Anyways, nice try on making an FUD.

My experience is that after I leave crypto and regrets will occur..
just like a spinning wheel, we will not know what the future of crypto will be ,and now the price of bitcoin is very high after 2 years I have been in the crypto division and regrets are proven..

Don't take too long in crypto, it looks like these words come from those who have already suffered losses or who have been harmed by large amounts of crypto.
crypto is not wrong because we ourselves control it and profit and loss depends on our knowledge and expertise in the crypto world so in my opinion, just ignore what the OP says.
And in the country I live in, crypto is not prohibited by the government, it is just advised to be careful and not to be misused and cannot be used for any transaction unless exchanged for fiat.

How could you say that?

There is no way that the government could rule the market or the cryptocurrencies? The number one reason is that it is decentralized and unless you are using the exchange that the government made then that means they could actually control or rule your Bitcoin, another thing is banning Bitcoin but I don't think we should even think about it.

We already seen how successful bitcoin / crypto was, thinking of such things is no longer that much priority. Just like what you have said not unless you are using centralized exchange which govern by the government, it's easy for them to block your account or freeze your assets. You just need to understand every factors that if the government have the authority before taking any moves.

If you foreseen any event where you may experience any problem better for you to move and skip the exchange.
You always have options not to go with centralized exchange.

They can't rule the market but they can rule the exchanges look at what is happening at exchanges in USA right now, everyone needs to comply with the government, messing up with government is a bad move for anyone because the government does everything at its disposal to obliterate its enemies especially individual ones, they crush them the best because they are the most helpless. Banning will not be a good thing I agree because it only makes things more difficult to control the people because they will always find a way.

The government of every country has the power to do anything no matter if it is a decentralized currency. In our country usage & trading were completely banned before the higher courts ordered to allow the usage and trade.

And before anyone can say anything, let me bring this to attention, none of the exchanges are controlled or operated by the government in our country but the rules on which the exchanges are based is decided by the government officials who indirectly control everything.
Currently, I am hearing the tax could be increased which will obviously demoralize the users.

But regarding the Subject of this thread, I disagree because everyone has seen what it is and how this performs. Everyone has now heard about Bitcoin at least once as the media coverage was too big. And for the government fear I believe there are options on how you can safeguard your crypto even if it is banned or restricted to use.

Moreover, blockchain and crypto both are growing on a rapid phase. Recently, I read a logistics company has implemented blockchain to its operating structure, and soon they might end up implementing crypto to it.

Everyone has their opinion and if the OP thinks that the price of bitcoin has a ceiling limit then it is his decision of choice to book his profit and everyone does that at one point in time to reap the profits. There is a point in statement, many governments around the globe are planning to implement some sort of regulation in the cryptocurrency market and if these regulation will deter the institutional investors then they might book their profits before those laws are implemented and that will take the market down.

What are these compliances though?

In our country people are still needed KYC in order to use exchanges at their full capacity. I don't think that could actually control the market since that is just a requirement as a regulation of the government to the site or that exchange. Another thing is that most of the people with huge amounts of Bitcoin are not putting their Bitcoins into exchanges, the reason I don' think they can't control it.

I thinking you are looking at it from the down side. Regulation will not overthrow Bitcoin and no government will come for your Crypto asset unless if you acquire then in a fraudulent way. Crypto gives freedom but your freedom needs to be guided.

Mind your own business , we are not leaving cryptocurrency because I don't care about what the government said or they are against in crypto. We earn money here in a good way so I will not leave cryptocurrency. If you want to cashout your coins now you may go and no one can stop you we do not need you because you are negative mindset about crypto we need a person being open minded to this industry.

Its not that they don't have knowledge about Crypto but rather we all have different opinions and point of views regard this. OP saw something that we might not have that is why he concluded that crypto has a limit. On the other hand, you and I are the people who believe that crypto was a future and we should respect everybody's point of view.
Regarding to OP's argument, yes has the ability to regulate crypto, like implying a KYC in every platform but pretty sure that there will be some platform they can't control for us to use like Decentalize exchanges and wallets, so we will be fine. I gotta say there will be always a way.

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Everyone is entitled in their opinions, but your words can’t change the whole world. Government can’t access your crypto unless you put them in a centralized wallet that is controlled by a central authority or bank. If you put your Bitcoin and other cryptocurrencies into decentralized wallet where you have the full custody of your private keys, the government or any other person cannot access it (not even the creator of the wallet himself).

Says by an account that has this Reputation

https://bitcointalk.org/index.php?action=trust;u=2201231

and as far as i remember you are pushing people to Invest in crypto sometimes , and sometimes Provoking them to hate crypto .

Know what ? you have a Problem in life mate , better Heal that first before Pointing everything about of nothing.

and also what is Best ?

Get Out of Here because there are nothing you Give this community but your BS speculative .

I haven't got any reason for not staying long in crypto. I've got more reasons to stay long in the crypto.

• The market provide assured long term profit
• Decentralized functioning gives freedom on using your own funds
• Helps with large scale transactions, which needs lot of paper work when done through banks
• Anywhere accessible compared to many traditional fiat, as very few Country currencies have similar feature
• Anyone can learn with ease, as people are much adopted to smartphone usage

It seems like what you are saying is because of your inability to control yourself, how could crypto be controlled by the government immediately, besides indeed we are ordered to use what the government is doing to store in one wallet. Of course, it is a violation that can occur because of people's right to do something and there should be no government interference other than misuse that could endanger the country.
does crypto threaten the country  !!!



there is no need to do what you say because obviously it is difficult to do and will not be easy because all can not know what is in our wallet and how to use it without us giving our privatekey.


precisely at a time like this what you say is clearly not very good, precisely in a pandemic like this we have to encourage the use of crypto or maybe digital money so that there is no transmission.

Yeah that is my rule in investment. Do not invest  what you cannot afford to lose. It is an unpredictable long term investment. Try to keep your cash in a bank, it is too bad the interest is too low unlike in crypto. Patience is the key.
I don't think SEC can control bitcoins. It is worldwide and technology always have an answer on every problem.

if people don't understand what Bitcoin actually is, they will think narrowly and try to leave it,
but you need to remember Bitcoin belongs to everyone and not only the government and some people,
we are heading for an era where cash will soon be abandoned and cryptocurrency will be the choice of many,
so stop making up fake stories about Bitcoin and cryptocurrency.

This is totally not true mate. They cannot ruled crypto, it is being created for us to use digital currency without the government holding it and their restrictions, maybe yes they can suppress us in different things, like now sec is trying to make other coins under their hands but crypto is pushing them away not unless it is ruled and under by a company I think that would be a another factor, but then crypto will never ever be ruled by government, so stop fuddind and find another thing.

Cryptocurrency is good for the people's future and gets more opportunity growing in self. But some countries will be developed countries. First people will know cryptocurrency how-to will be work. Then people will use all place and all country. Cryptocurrency is safe and connects them all. Cryptocurrency is a digital currency. So anywhere to use and easy to exchange any currency. coming future most people use digital currency.

What in the world of gumble is this. I just cannot comprehend how can you even think this tho.

Have I missed some news regarding a conflict between gov. and crypto that it escalated to some grand theory like this? enlighten me

If not, then this account might really be some sort of troll or something.

crypto needs to be regulated for better adoption.
by regulated, I mean a clear regulation that gives both sides (government and crypto holders) a win-win solution.
I believe SEC or government in every country wants to protect more people who have a chance to get trapped with misleading information regarding crypto that labeled as a high-risk high-return asset.

despite the long run and high price, I still see many people skeptical about bitcoin. usually, they called it a monkey business.
"Monkey won't understand bitcoin", is my best answer to that statement so far  ;D

I do not concur with such state of mind. Crypto is only for who play game for too long, Its not to come and get richer but hold with patience. According to my supposition Bitcoin needs a few shape of direction in the event that we need to move forward and get it acknowledged and received on a better level. Bitcoin isn't as it were for rebels whose as it were reason is to be against any kind of rules of regulation indeed in the event that they do not know what meaning .Bitcoin and crypto getting popularity day by day and the future of crypto is safe.

As I would like to think, bitcoin is for everybody, both lower and privileged, regardless of whether it's for contributing or as an exchange instrument, I propose you attempt to peruse the nuts and bolts of bitcoin and see how it functions first on the off chance that you need to talk about bitcoin.

Bitcoin isn't cash like we have it in fiats currencies but it's a digital currency which means the final end users of this coin will definitely exchnage this coin to fiat before use (at the final end in terms of spending). But, Bitcoin can be use to purchase goods and services in some platforms alongside the fiats. Be an asset to some and as a means of cash to others bring about individual differences in crypto-space.

What explanation of what Bitcoin is convinced you? That is exactly what it is to you.
There is no fixed use case for Bitcoin, people use it for different purposes as it suits their needs; It can be a store of value or a means of payment or a a tradable asset.

Cash is liquid money, such as notes in your wallet. Bitcoin is definitely not that as it is digital. If by 'cash' you meant fiat, Bitcoin is definitely not that too as it is decentralized.

I don't see the reason how the government will have the right to regulate bitcoin and other crypto. First of all, HOW? Bitcoin and most crypto out there are decentralized which gives every user freedom on control and their identity.
There might be some crypto that the government may regulate but it won't be bitcoin and major cryptocurrency such as ETH and BCH. XRP is one the crypto that isn't decentralized which might the government may control but I don't see how these coins will be able to surpass BTC and ETH.
Let the government control fiat and centralized crypto but I don't see how it will affect BTC.

SEC can regulate exchanges and cryptocurrency but doesn't mean ruled entirely by them, wake up, sec isn't the one and only, bitcoin thrive not just in the US, there are plenty of bitcoin-friendly countries that support cryptocurrency and exchanges way better than in the US.
Cash or fiat currency isn't freedom, that's a centralized tool issued by the central bank, while crypto as an alternative offer the freedom to manage your own funds and freely move it wherever you want. 

There's a big difference on everything in our time right now. Don't generalize other altcoins and bitcoin because of XRP's issue. If Crypto would be ruled by SEC and the government, Bitcoin's value won't be massive right now. Also, there's some features of bitcoin that can still give you freedom like you wanted. Technology is the evolution of humanity. You can't tell whether the near future will still have a fiat currency or just like bitcoin which is a digital currency.

I agree with you, indeed bitcoin and Ethereum are decentralized coins, of course that can never be regulated by the state, and with these coins we are given the freedom to be able to trade and transact whenever and wherever we want, so this is the advantage of this crypto currency and of course very much different from fiat money.

I think the government sees the positive impact that cryptocurrencies brought to the market. Their only job is to balance the advantageous and the disadvantages of using cryptocurrencies due to its anonymity.

In addition, while I do understand that regulation is what the government strives for, I doubt that they will take full control of the cryptocurrencies sphere. Its decentralized nature is what makes this very attractive to most business owners and investors due to its high volatility which can be perfect for investment opportunities.

Government may regulate the market more and cash is still king but it would not make bitcoin suffer in the end. Bitcoin will continue to be stronger, not as good as the cash as it's hard to compete but as to security for investors who can't anymore trust the economy of a certain government, investing in bitcoin gives them freedom and its movement is not correlated to the actually world struggle.

What's the purpose of the invented word HODL if we can't stay too long, early investors who stayed until this long are making a fortune, so you are wrong for saying not saying too long.

Government has no way yo regulate Bitcoin, they can regulate exchanges but not the whole system. Bitcoin give us full control over our funds. This is the very reason why crypto is made, to be free from third party system which makess a transaction so hassle and costly. We choose to hold since there is a lot more potential stored in bitcoin application.

And besides it is usually up to the person whether they depend on using bitcoin or not

That is the meaning of serious anxiety. If one thinks more positively, maybe the government will change its view of decentralization or the benefits and efficiency of a cashless economy. Covid 19 is a big reason that, in my opinion, the wind will turn positively on the crypto market. Cash and banking risk infection for all. Or if the government kicked in earlier than blockchain and the crypto space, it is possible that catastrophe would have lower consequences during the pandemic.

The impact really depends on how we respond to it. If we respond positively and don't give up, of course the story will be different. The greater the interest. But when a failure in crypto left him feeling insecure and wanting to give up, of course the journey was just there. Success will be achieved by staying consistent and not giving up on circumstances.

Even now there are people who have been continuing to use bitcoin and other cryptocurrencies even after the functional government restricts the usage of bitcoin and other cryptocurrencies. It is upto the users to make decisions whether to stay or give up. You need to be lucky or you need the right understanding, then for sure at any circumstance one will not give up easily.

Also, we have seen many users discouraging the use of cryptos which is also ironic because they cannot even sell their holdings. This could also be somewhat of a black propaganda, wherein there all people who will do such thing in order for the price to fall down and for them to enter investment at a low market price. If people will choose not to use this technology, then that would be fine, staying will be fine as well. We just have our own reasons why we are doing something. It is our action which will matter the most. All I know is that this technology is not under any authority due to its nature of decentralization. There are regulations being imposed but that won't mean total control. So if that bothers those people, then this is the answer already.

It is clear that the government must have full authority over everything that happens in the country, as well as bitcoin. If the government does not allow it, of course there will be sanctions that will be accepted, although we can do it in other ways. because bitcoin clearly no one controls and no one operates because it moves itself.

it is true that all now return to each individual in carrying out whether it continues or follows the rules that have been made. because regulation is needed in the management of a country against anything including bitcon.

if there are clear rules then we can do according to these rules, because after all, everyone will always hope for crypto because it is very helpful.

Number one, you can't let your government take a hold of your cryptocurrency since it is meant to be anonymous and special for every individual, that is unless you let them, which I doubt you will. Number two, with the above fact stated, cryptocurrency concealing everyone's identity disallows any government to audit or even get a hold of your cryptocurrency records. I don't understand why he gotta spread FUD like that, for all I care the government will adjust to crypto, not crypto adjusting to the government. That should give OP a sense of how powerful cryptocurrencies are in the face of the government.

Governments can f themselves in controlling something that's decentralized especially Bitcoin.
Their minimum control is when their citizens use online crypto wallet but crypto itself? I don't think so.
This is why I hold a lot of Bitcoin.

Well you can say whatever you want but for me bitcoin is decentralize even you say that government wants a full control into bitcoin or any cryptocurrency and people still keep showing interest in bitcoin yet other countries still illegal to use bitcoin maybe this the reason why because government wants to full control even if they will build there own wallet or into trading system they want to put taxes into it even if theres already service fee when you're going to transfer fund or buy bitcoin from the market maybe in fiat currency i believed they had a full control because of the economy that needs to grow.

I do not think so that anyone can shutdown Bitcoin as it is pretty much decentralized and is not controlled by anyone.
Other coins will die with time. But Bitcoin can keep surviving. There is no need to panic

There are ways if you are really aiming to continue, not unless the government have the full control/access to the internet, they can restrict you and your transactions using this channel.


Yeah right, the owner itself who can decide what to do, whether to continue or to stop and quit away from this venue.


Proper knowledge and understanding are the keys to have a much higher chances of success, plus luck leads you to a successful
journey towards to this  investment venue.

I don't really think that the governments of the world would be able to control Bitcoin and Cryptocurrency in general. The people who are using it, investing and trading it, they are many and no single financial institution or government entity would be able to control or manipulate it. I think this is another one of those attempts by naysayers and doom sayers to discredit bitcoin. Mainstream news right now all has bad news for crypto and people not acquainted with crypto will say that Bitcoin is a scam.

It is the reality that bitcoin will continue and it will remain to be at the top. With government or without government, it's just getting stronger. And with people having to discourage others to get out or stop getting in bitcoin might be jealous of what it is right now.
Don't listen to them but look at what it is right now.

Agree with you. It's next to impossible to trace out the crypto currency transactions if government ever wanted to do this. Moreover, by now they would have gotten your details already if there was such thing as breaking out in your bitcoin wallet. Imagine a blockchain with millions and millions of nodes already embedded into it, you can't just see the bigger picture. It would take many more years for government to trace you down. In addition to this with the bitcoin mixer services things are even worst when it comes to tracing of bitcoin transaction. Literally when you send the bitcoin through mixer, on the other side you wouldn't recognise your own transaction mate.

So stay in the crypto, there is long way to go for this stuff.

Its decentralized, they will be able to access it only if you allow them to do it too and I dont think government will be able to handle it just like of what they were doing with fiat currencies, they wont even know where to start.

That's the beauty of crypto, how open-sourced it can be, and no exact location on this planet you can pinpoint the source code for all of it.

And yet I seem to think that crypto being decentralized also means its own way to self-explode in the future. Just feel it.

The US has for a long time considered itself the centre of the world and there was a time in which that was true but since then many other markets have emerged and there are countries like China that can rival it, so if they decide to pass regulations that are too hard on exchanges then they are simply going to leave and if they cannot then their clients will, it is that simple, people are going to vote with their money and if the laws they pass are too harsh no one will deal with those exchanges anymore.

The main reason government may not want to shut down bitcoin is the advantages that supersede the disadvantages. Not only the Government that benefit from it even those high profile in government have their fund in it, even in the USA. The technology may expensive to hack but not for some countries.so let's just enjoy the gift of the technology and hope government don't interfere at all.

If you don't use custodial service then it is not possible to regulate your coin by govt. The government can ban Bitcoin if they want but no government has the power to regulate Bitcoin. The government will never be able to prevent people from using Bitcoin. I think you are influenced by the lawsuit of the Securities and Exchange Commission against Ripple. Keep in mind XRP is not fully crypto and altcoin is not Bitcoin.

I think that governments can only control the input and output of fiat money from the cryptocurrency system, no more. Thus, there is no reason to worry until it comes to exchanging cryptocurrencies for fiat money. Most likely, some project will be created that will solve this problem too, since anonymity is worth its weight in gold in our time.

It is not possible for cryptocurrency to replace cash in the short term, and it will take a long time for cryptocurrency to gain credibility.

Cryptocurrency will certainly not disappear. In fact, the bank’s research report at the end of last year predicted that the rise of encryption and digital currencies by 2030 is inevitable.

All if done with good intentions, of course the state will provide supporting facilities and the government itself will not be harmed in the future. therefore there must be a regulation made by the government so that it can at least reduce the use of things that violate the rules. Even though no one controls and cannot be controlled everything can be done if there is clear regulation from the government so that its citizens do not act against the law.

You are right. We should not stay long in cryptocurrency. We should took profit and then withdraw our profit. Thia is best strategy.
So far bitcoin is banned in our country. When it unbanned then we will freely use it for ling term.
But bitcoin and sime cryptocurrency need long term hold. So risk is necessary.

If you look back in time, absolutely all the people who bought any cryptocurrency 5-7-9 years ago now have huge profits! And it's not necessarily buying bitcoin! That's why I am sure that HOLD is the best strategy! ;)

That's exactly right. There are way too many ways and way too many people using this new generation of technology that makes tracking nearly impossible. As long as you declare your earning when you cash out, the governments have got nothing on you. They simply do not have enough resources to deal with such an explosive ecosystem. The only way is to find a way through the other end-taxes and pass certain laws about crypto usage but nothing more.

i would say : don't stay in altcoins too long.
Graph show us that yu can hold bitcoin, it always pays off.

I am pretty sure that cryptocurrencies are not so simple to control.

A good strategy but I doubt it is the best. The best way in my opinion is to "buy low, sell high" because in such way, profit will be earned at a faster rate and also, the market price is not consistently increasing as years are passing by. For a long run it is, but consider how many years will be needed in order to generate a profit which could be earned for a year only if you'll do 'active investment'.

Going back, whether to stay or not, it does depend to the user. If he feels bitcoin and crypto investments are risky, the  one is free to go. No investment will give assurance on the profit and I think it is also applicable in this technology.

*until when will you keep using fiat cash...
payment systems with digital money and cryptocurrency are the future of the world's transaction systems. Don't just because of a few small rules about cryptocurrency you get scared. Currently, Bitcoin has become a safe haven for several large companies, mass adoption of cryptocurrencies is in sight.

Nah, I'll stick on using cryptocurrency even the time comes they ruled over it. There are plenty of ways to do where they can't control your bitcoins in the future and I'm holding it until it surpasses the ATH. The only thing I know that they will do to control is to put a tax on it, the transfer of money in and out. Bitcoin will be always decentralized, no one can ever centralize it because if there are ways, they've done it already since bitcoin already shows its potential in the year 2017.

You are not wrong but there are many ways in which they may try to subvert this market, we need to be honest most people are not going to be able to secure their coins properly and they are going to get hacked as such they will look for a solution to this and most likely this will mean the use of centralized bitcoin banks, I know this goes against the ideals of bitcoin but people are going to do it and as long as the majority of those holding bitcoin does this governments and banks could slowly begin to take control over a great number of coins.

Cryptocurrencies is ruled by the people, not some government as you were trying to put it out to be. Most cpuntries even ban cryptocurrency use and investment because it is unconventional and unprofitable kn the government's part. Which is something they really hate apparently. So no, bitcoin or any other cryptocurrency for that matter will not be controlled by a single governmebt. Not today, not ever.

The goverment wants to control the movement or market of cryptocurrency. They want to have some tax on cryptocurrency transactions because they believe that in that situation it'll make or earn a lot of tax. Mostly those goverment that onky look on the perspective of how they will get some part of it. And as we all know bitcoin today is one of the most unpredictable yet positive coin in terms of its value or high time this year. I think staying in crypto for a long timr isn't a bad idea yet in your stay here in crypro for a long time must give you some prior knowledge on how it moves and what are those things you must consider. Cryptocurrencies are big things today, every single person who heard of it might want to invest and learn how it works.

I was away from crypto for a while, and I can tell you that the excitement of being back is fantastic. So many new projects and info that I'm feeling like a little kid in a candy castle ;D

So it's enough to be away from time to time, but don't write crypto off entirely.

No one can manage crypto and the government, it is impossible, even in the future crypto is free for anyone.
No country regulates the existence of these assets.
We’ve been using crypto all this time and have benefited from it. It’s very good, it doesn’t matter for the long term

This reminds me of a quote about our privacy. "Without privacy, there was no point in being an individual." - Jonathan Franzen

Privacy is very important. The older you get, the more you realize the value of privacy.

Just don't be too greedy and don't buy more than you can afford to lose.

And keep checking the news about your investment, i think this is the best way you can do for your investment.

But if you really think it gonna happen very soon, then you just need to stay away from crypto.

I do not agree. Governments control you with Fiat not cryptocurrencies. We have more freedom to use our cryptocurrencies than Fiat. Govt cant have eyes on your assets, no questions asked where did you earn money from or why are you sending so and so person.

I disagree strongly with the OP & advise that it’s highly profitable to stay in crypto (specifically BTC) for as long as possible. I’ve been invested in BTC since 2014 & watched my net worth grow by multiples you would never get from any traditional investment.

So in conclusion, buy BTC & HODL.

Actually we are little by little moving to become cashless society. Now we still use fiat in form of card. Many business such as café, retailer, restaurant, transportation and etc in big cities in the world are prefer to use cashless payment method. sometime government regulation about bitcoin is not that bad. In some case bitcoin price was increased because some countries begin to accept bitcoin and regulate it. We need to make our behaviour as bitcoin users to be better so government will tend to adopt bitcoin rather than ban it.

I don't think they'll have access to it unless you give them access to it.
I'm currently earning a lot of money in crypto and I didn't encounter heavy problems on crypto so I'll still continue using this.

Cryptocurrency is designed in such a way, to keep the government out of it. No matter how much they try, the governments can't manipulate or seize cryptocurrency. They can't reverse any of the transactions as there is no central authority, and that is the beauty of cryptocurrency. Now the SEC and FinCen can interfere with the day-to-day affairs of exchanges and other crypto-related businesses, but their scope ends there. It is impossible for them to dominate the cryptocurrency market, similar to what they are doing with equities, bullion, bonds, real estate.etc.

There is nothing wrong with leaving a little while, whether this is because you are worn out of watching the charts all the time or because you lost some money and you need some time away in order to not make a dumb mistake it is fine to leave, however this is going to be the market that offers the best opportunities to make money during this decade and you do not want to be out for long as you do not want to miss one of those opportunities while you are away.

What is the reason to promote that. Bitcoin has done the magic that deserves admiration for this world of cryptocurrency. It needs to be freed from our minds to overcome the inequity of financial conditions. Everyone has freedom of ownership and so is cryptocurrency. Certainly, in the current passionate trend, many people are crying because they have not fought together to make a mark for life.

States and their governments in the future will unite and jointly adopt uniform and more stringent conditions for the circulation of decentralized cryptocurrency in order to try to control it at least partially, and most importantly, to control the financial activities of their citizens. Despite the optimistic statements about the powerlessness of states and their governments before the cryptocurrency, they have real power in their hands and they can do a lot with their legal norms. Therefore, caution and moderation in cryptocurrency will not hurt.

sell in May and go away  :)

Not only that. They're crying over the mistake that they did of selling at the early time before the bull run came. And another reason, they've missed the buying opportunity during the dip.
This is what these people want whenever they have missed the opportunities. They want to pull others with their path and won't do a resolution because they hate to see others gain.

if you want out please, but people's thinking is different.  Bitcoin for all people, from the poor to be rich to the rich, want to invest their money without taxes and is not recorded by the government, if bitcoin et al are deleted I think the world is experiencing a setback where the digital world has ruled the world and changed into ancient times

Bitcoin as a digital payment system, is not designed to be controlled by individuals and certainly does not depend on any financial institution, because it is controlled by computer systems and implements pure market mechanisms, with no government intervention.

Because it decentralizes the system with peer-to-peer, no transactions in this system can interfere, even if it is a financial institution. A person can conduct digital transactions directly from one party to another without going through an intermediary.

Why stay away from crypto?

Cryptocurrencies are one of the few funny stuff left in these coronavirus lockdowns. I find day trading and watching the market much entertaining than Netflix. Especially after the Reddit events lately.

There is no set back as I believe. In fact, we are already in the huge adoption, many people are enjoying it which I think is in big consideration that it keeps growing and be supported by the SEC and the government.

It is OP having the doubts, we can't urge him to believe what we saw is good about crypto. And we can't change his mind either. What we are doing now is to wait for the moment that he will say he's wrong and we are right. Maybe that was fair.

I think it's about not holding coins all the time...
Anyone can trade successfully in a bull market! But at one point you can turn into a successful investor until the next cycle! ;D That's what it's all about... But if you're left with bitcoin, that's okay! What you can't say about the other coins...

I agree. People need to withdraw their savings some days. Otherwise, it will be a fake rich

It seems like you are promoting cash against Bitcoin again if you aren't aware of it the government couldn't access or know our wallet information unless we would provide it for them.
We shouldn't stop using crypto if you are to scared about the government or sec then use a hardware wallet don't use any wallet that would seek some personal information,
Cryptocurrency and Bitcoin still gives us freedom it is us who are throwing it away by submitting to a centralized wallet where we would give up our information just to use their service.

Government wouldn't able to use or control or take your fund untill you let them allow to do so.i read your comment, you are worried about kyc.if you don't like kyc, then there are many exchange and wallet, that allows you to buy sell and hold your currency without having any kyc verification.even if you want to transaction large amount, you can use more than one account for done your work.people actually don't care about government cause they know government can't control btc

And this is the beauty of it on where decentralization on its finest and this is why government doesnt really like crypto specially Bitcoin.

When it comes to conversion or KYC thing then as said there are lots of alternatives which you can make use on without worrying about verifications or some sort.

These arent reasons for you to leave up this market just because of those things which i dont see it much of a problem.

That is incredibly common, unfortunately when someone makes a mistake when it comes to predicting the market instead of just admitting that they made a mistake and try to correct the situation they become bitter against the market as if the market is somehow against them, and that doesn't make any sense, the market doesn't care about anyone in particular and it moves just based on the aggregate desires of those that are invested in it, it's not personal and yet for some reason they take it that way.

sooner than soon there will be no cash
cash will be crypto

Both will co-exist by that time. There will still people who would be using cash as the government mandates it but there are us, who would be using crypto for purchases.

And the good thing is that there will be various cryptos that will be accepted by merchants not just bitcoin.

All in case done with great eagerly, of course the state will give supporting offices and the government itself will not be hurt within the future. hence there must be a direction made by the government so that it can at slightest decrease the utilize of things that damage the rules. Indeed in spite of the fact that no one controls and cannot be controlled everything can be done in case there's clear direction from the government so that its citizens don't act against the SEC law.

I can't possibly just leave crypto. If there is news about the government regulating cryptocurrency I have to verify it first, I am sure there are certain reasons and also not everything will be regulated by the government, or maybe the news isn't about bad rules, maybe the rules are in favor of cryptocurrency.

While this is something that we would like at the same time things are not so simple, to begin with we must take a look at the fees that we need to pay in order to move our bitcoin, the fees are not small at all and that is a problem that is going to keep getting bigger, but the biggest problem is that governments are never going to allow this, even if we can imagine a scenario in which they fail so massively that fiat currencies disappear I can assure you that just a few years later they will try to impose them again.

no sorry im not quitting even if crypto is already controlled by government and sec but i know that i can still be able to continue to earn . easy for you to say make cash and get out when you dont know that we still havent recovered our investment capital yet , its not easy for every coin to have a bull run tho and if i can make money on here we cant make a verry huge money that will be enough for us to live forever without the support of crypto so we are still going to find our self coming back on this business .

Cryptocurrency is here to stay, that's for sure. However, it's never bad to always proceed with caution.

Same as gambling, Bitcoin also goes along with risks. The risk of government intervention will always be present. Which begs the question -- is it time to take note or be left behind?

Why quit if there's still opportunities for you to earn.

I understand that there are people who missed the opportunities due to greed but if you know how to balance your investment and
you are paying attention with each opportunities that this market is giving you, even to the point that the government if in case they
really push to gain control, the benefits still there if there are people continue to invest in.

Crypto has been around for more than a decade now. And we can proudly say that it's thriving. There were lots of bans from many countries in the past but were those successful..? Cash and crypto will co-exist, we cant say one will eliminate the other. Yes, the governments are fearful of losing control over their currency but they have the option of being the authority and bring this revolution into the common economy.

My ideal suggestion would be not to keep all your assets in crypto. Keep a balance and act accordingly, trading is part of holding crypto so learn it and keep as much as you are afford to do.

a wise message, do not store all your assets in crypto .
because crypto is something that is unstable at one time it can bounce high but on the other hand it can go down even unstoppable so it is of no value.
so it needs to be adjusted to the circumstances, if we really need to trade in new crypto, we can change it to crypto.

agree that crypto does not have to eliminate what has been going on so far because that is not the main goal for settlement, because it is clear that crypto and banking have different systems, let it be precisely to support each other so that the economy can run well.
because many countries also cannot accept the existence of crypto because there are many problems that may have to be resolved with clear rules.

Everybody is government so don't be afraid of government because them don't have power over cryptocurrency them can only restrict the use of bitcoin only in a particular country, is this kinds of fair that can make people to lose their crypto within some seconds, encouraging people to cash out everything because of government is not really ideal or encouraging because the more government put fair to bitcoin users the more bitcoin get more firms, crypto is decentralized so don't panic or be afraid.

Its really actually weird that badmouthing Cryptocurrencies nowadays can still be profitable. I like to share my experience with an interview, I was applying for a job in the IT industry and the interviewer was happy to see that I am involved in Cryptocurrencies because base on their experience and knowledge, cash is kind of deteriorating and having a back up would be enough to boost my life into something better so I guess as long as you are able to utilize both, you will be fine.

maybe he doesn't understand in detail and clearly what crypto can do and what kind of effect it will have. because obviously not all understand the true meaning of crypto, because everyone's way of thinking is clearly different, not to mention that if he doesn't know the world of IT at least computers, it will be more difficult to understand it.

maybe they only hear half and half about crypto from social media which is not necessarily true of the news that is published because usually it is bad that happens when you know crypto.
it does need education and we can't justify everyone to understand this.

even though behind all that, if used correctly and diligently it will actually increase the income that is not small, at least it can help the existing difficulties with the addition from crypto proceeds.

I'm not seeing your point here, maybe crypto wouldn't be as decentralized after governments start regulating it, but to say using cash (which is literally the currency that was created by your government) would be a better idea doesn't make sense to me.

The whole point of Bitcoin was to give people an alternative decentralized way to make their transactions without governments tracking their every single move, and I don't see how regulations can change that in a way that makes using Bitcoin or crypto pointless.

You got to accept the fact that governments always will be trying hard to prevent or at least limit Bitcoin or other decentralized coins use, more specially privacy coins like Monero, even if they're not exactly againt them sometimes they try to create a new way such as creating their own coin(which obviously wouldn't be as decentralized) to make some money and don't lose out on this new trend, but at the end the thing is you can not simply do much better, as long as governments exist so will their interactions.

You didn't define your staying long in crypto because I will tell you that those that invested in 2009 till date will be grateful they stayed in the market despite all that is expected to happen in the market over the years. Government involvement in the market let's wait till then but my advice is for you to make a decision that soothes your belief.

What is the difference between cash and crypto if they are both regulated by the government? I don't understand your point....If you don't like crypto because you think that government will regulate it, then what about using cash which is already regulated by the central banks and issued by the government?  I think you just need to learn more about cryptocurrency so that you will understand the importance of using crypto as a decentralized digital currency. Actually in country people are now using more digital and electronic payment system rather than using a fiat cash money.

You right, I disappointed because too long hold some coin on my wallet until really not have any value and my coin delist from exchange market, next time when have value I will sell all and d not care what next time happen price down or up. I think so far take profit and sell coin is better because waiting for holding few year make us many problem faced from delisting until coin not have value yet.

Crypto is such a big risk to hold. The point of this thread is to remind all of us to not to stay longer in a single coin just like in trading because they are all so volatile that can change value from seconds to seconds. We will not know actually the exact thing that will happen but we can predict it by using some charts and figures. Cryptocurrency is one of the best thing that we can use today yet we  must know and we must be full equipped with knowledge in this area. Being here and nothing to know is like you're in a battle with no weapon. Risky things are worth it if we know how to handle it or to defeat it.

maybe in a few month the right time to sell.... we heard bitcoin in the news more and more days after days...

Privacy is ours to keep. It is your sole responsibility if you wanted someone snooping into your butt. Or you can look at other coins that provide privacy and anonymity. Everything is at your hands only you can decide for it. Bitcoin is more of a store of value than a payment mechanism, soon enough price will stabilize and so as regulations.

Dont allow them and you want have any problem I swear  ;D ;D

That's because the market is bullish, media will make it more bullish because people will FOMO, but we know that bull run is not forever, and even bull run based on the history of the market, there's always a big correction coming and months of bearish market.

People were saying same thing in few years back when bitcoin price drop from 20K$ but those who hold bitcoin get profit now when bitcoin cross 50k$. One advice i would give you guys is that hold your bitcoins when price drops and when price is high sell your coins and make physical investment.

When bitcoin raise above $50,000 people waiting for bitcoin can growing up more than $100,000 without care any risk some time bitcoin correction, I know is true as investor but how to get good moment when bitcoin have chance to sell higher price better sell it early and buy back when bitcoin correction or have lower price.

As one wise man once said: "HODL for life, not for a lifetime." You got to use your assets. Otherwise what's the point of eternally collecting stuff without using it?

That has never happened to me but I can see that it can happen, most of those that speak bad things about bitcoin are people that are invested in the current economic system staying the way it is, they do not want anything to change since they are at the top, but for the rest of the people that are finally seeing the effects of too much money being printed they are beginning to understand why something like bitcoin exists and how they can benefit out of it, and as long as bitcoin is the superior form of money it will keep existing and to bring even more people to it while fiat slowly begins to lose adepts as people being to see that a crisis is imminent.

Not all countries will ban bitcoin, i saw some country that support bitcoin and they used it as payment. There are a lot of rumors that bitcoin will not last long, but as what we have seen right now the bitcoin price is rising, i believe that more people have trusted bitcoin today and in the near future, so it is posible that bitcoin will last long and become more useful in the near future.

The advice is really very good! ;D But only a few people know how to use it... The psychology of the crowd... I am sure that very few people who bought bitcoins last March by 4K and even less who hold it up to 50K and will continue to hold it further! ;)

I have seen people been in crypto for 10 good years, not passively but actively, as traders, miners, developers etc without any other engagements. However, cryptocurrency create time for vacation that won't affect your position. This applies to other jobs. It is important to understand any position we take in the space and maximize but I still feel this can go on for life we might have to diversify or create a better use of the coins.

That wise man is kinda right but you kinda missed the point though, OP said crypto not good cuz the regulations but in reality this regulation that OP mentioned only limited in the US if any.
Crypto despite being regulated could also strive since the government have no power to enforce their rules to crypto and they have to use third party such as exchanges to enforce their regulation.

true what you say, the wallet we have is only us who can access it,

I am confused about why  OP said ,we  have to get out of crypto, I think I just enjoyed being in the crypto circle, and I think you are a victim of one of the coins that is in trouble so you are disappointed and make FUN so that crypto is bad and detrimental, in my country it doesn't exist prohibition for bitcoin and my country also supports bitcoin even though it's not officially legalized yet

I strongly doubt that Bitcoin will be run by governments. This simply cannot happen. They may impose some restrictions and regulations on Bitcoin and other cryptocurrencies, but are unlikely to govern them.

I don't like the approach of institutions getting into cryptocurrencies either. I don't like all this fomo, the investment funds, the wealthy people, and all that is entering for one big reason. They don't look and don't understand. I read a lot of things given that crypto needs to be regulated and we should have our ID connected with all our wallets. Many are accepting this as a necessary evil, although we don't need to, and we don't need to listen to them.
I've read posts even in bitcointalk saying it should be done this way and are trying to push this kind of agenda to make Bitcoin an asset locked in Grayscale, Paypal, and perhaps Coinbase. I don't agree with that and Bitcoin is not about an investment being locked in a third party.
We are here to make money, at least most of us, however, we don't sell out our ideals and our integrity.

We could argue that controlling mining means controlling Bitcoin, just as buying out the supply (which governments can do because they have an unlimited supply of money) can lead to taking control, but that will never happen. The country that would spend all their fiat money to buy Bitcoin would in result hyperinflate its fiat currency and multiply its debt. It could be an interesting experiment to watch, just to see what would happen, but if I were the president I'd never risk it. They'd all think I'm insane and impeach me.

Bitcoin is a decentralized coin in the market which mean it doesn't control by anybody or anything. Bitcoin might be one of the best investment as of today but I think and I agree that it is a very risky thing to invest into because as we all know bitcoin started from scratch and Satoshi made it so famous and got into the top where it was right now. Its value might be pumped right now achieving multiple all time high but I gues the idea of don't stay in crypto is a very notable reminder because of the risk and things that may happen in the future.

When raise higher price I will sell my assets how ever good or bad news because my way with investing and trading is faster and try as soon possible to get much profit, I don't care with how many hours to get profit although later price up. Just keep mind how every minutes can take much profit without any worry price will dump.

Before you vomit all over the forum with your utter crap you should probably learn how to use grammar, how to spell, and quite frankly how to make sense. No one is going to take you seriously when you sound so under-educated. Do you think people should listen to someone who can't even string two words together? I realise English is not your first language but if you going to make a post like this you could at least take the time to fix the grammar?

Not all countries will do it but it is possible that some powerful countries may do it as they are not going to be happy that bitcoin is growing so quickly and it is slowly undermining the confidence in fiat currencies and even in gold, but as long as there are a few countries that still recognize it as an asset that can be legally traded and held then large holders will still be able to exchange their bitcoins for fiat or even move there as the price of bitcoin keeps increasing and allows them to escape jurisdiction with such prohibitions.

Despite the sec trying to take over cryptocurrency and trying to control the fact still remains that if you don't give them the access there is no way they will be able to control your money stored in crypto.  And not all countries will have the capacity to take control of bitcoin due to it high security and technology involved.

Your statement like this won't change the whole world. If you don't want to stay in crypto anymore, then why are you still here?

Here's the harsh reality. Bitcoin can't be stopped even if countries might consider banning it. It will continue for a very long time as the government can't control it. Nigeria's situation is a great example. Despite that the Central Bank banned banks from dealing with crypto exchange, P2P transactions are still in place and they're not stopping!

There is no way for the government to access your bitcoin if you don't give them the information of yours. The government keeps on pushing to ban bitcoin in some countries but they cannot do it as well, let us not be worried about the government because bitcoin does not even need any authority or government in decentralization.

Every thing can be happen in cryptocurrency because many moment we see when some one hold coin for long time but at the end coin delist from exchange market, but some time when we sell early coin can be pump after few months later. I will check how reputation from developer coin with holding or selling, when get good reputation I will hold and keep waiting with bigger news next week or next year.

The thing that should definitely happen is to get out after you get the profit. Otherwise, you want more, it turns out harmful and you feel extremely upset. Experienced people go out even with little profit.

Well actually everybodies faith and decision isn't the same, you might want to make your cash and go while me I would want to continue making the cash as far as bitcoin is still in existence. Take note government doesn't control bitcoin nor our funds in it , get that straight, there just place restrictions on the usage of bitcoin which is all there can do.

I am not really sure what the real intentions of the OP are to simply tell crypto investors, traders, and veterans not to stay too long in crypto. How long does he think an investor should stay in crypto, I mean how short should it be? You might have some noble undertaking mate to save souls about to be overwhelmed by losses but you are not god to know who or how many would be affected. There are winners and losers, accept it. Don't force yourself to people who don't know you in telling them what they need to do with their lives.

Paxful alone reported that they have 1.3 million users in Nigeria. This would mean anywhere from 5 million to 10 million users in total. There is no way the government can prosecute this many for usage of cryptocurrency. And from what I could see, unlike the case with India, the government in Nigeria hasn't made the ownership of Bitcoin a criminal offense. That means even if they flag a particular bank account for cryptocurrency trade, the maximum they can do is to close down that account.

Many people is emphasising on this seriously, staying long in cryptocurrency what is the effect, if other aspect of business someone can develop trust and base on it and stayed years, while can't we stay in cryptocurrency as long as we want, because this idea is correlated with the mentality of government and which we know that the group against crypto is government, so I have not seen fact while we should not stay long via bitcoin, does it mean that crypto will be eliminate so soon?

I will make my post based on something real:

2010 bitcoin price = $100

2021 bitcoin price = $49000

and during all this time I didn't see important governments of great reputation like USA, UK, Italy, European Union banning bitcoin

it shows that it is safe to keep bitcoin for years and profitable

Exactly.  WTH is with these people?

Why we need to get out of crypto when we are making most of our money from it? If your only fear is about ban from governments etc. I think only uncivilised country will do it so or unless most countries will organise a rule that prohibits people from utilising it. Worldwide ban will only become a myth now that big companies and institutions are starting to pile up their BTC holdings but expect a stricter regulations.

This is yet another reason why adoption is so important, years ago it could have been possible that governments all over the world could have made ownership of cryptocurrencies a crime as there were so few of us, but now that adoption has grown in a considerable way even if that were to happen it will be impossible to enforce such law as it is simply impossible to put under arrest millions of people at the same time, with that being said in the case cryptocurrencies are made illegal where you live it is better to keep a low profile and avoid bringing attention to yourself so you are not one of the few unlucky ones which end up in jail as a result of such law.

Government want to be involved in cryptocurrency because of their selfish gain. Cryptocurrency preach freedom and decentralization which government does not like. Government want to regulate cryptocurrency affairs.
Making money is secondary in cryptocurrency for people like us.

i think you can,t believe in crypto and bitcoin. why  i leave in crypto. Walking my path with bitcoin since 2017 still i involved crypto. crypto  never kill any government. it,s a currency and already many government people use and invest bitcoin . and if we  all crypto lover explain our government i think crypto build a good position in our future. 

Therefore, only be afraid of staying in crypto for too long if you belong to those country that qualifies as he mentions.

It should be the other way around. Keeping your coins for long term instead is recommended.
You take your chances on crypto than going to fiat instead because at least in crypto they could never touch or freeze your coins if it's in your wallet. The regulation is here for adoption which is what we actually need for crypto to be available for regular users who could possibly buy using their fiat.

All my latest posts were deleted while threads like these one are allowed, very interesting. I won't be posting here anytime soon because the moderation is very strange.

I agree with your point. However, I have a argument that there are still people who lose their money in cryptocurrency by investing recklessly and blindly. Moreover, imposters are using blockchain and smartcontract as a tool to lure and steal others money. In my country, a variety of scam abuses the name and the fame of crypto and because of that reason, many people believe bitcoin and other digital money to be a form of pyramid schemes.

As far as I am concerned, more than 50% of investors are novice in this area that why they need a lot of support from us. Unfortunately, half of them do not want to listen to anyone and they arbitrarily put their money in any project which their hearts tell them to do. It is nearly impossible to educate them about the risks involved. Therefore, governments have their additional point to ban cryptocurrency although it does print alteration and improvement to our lovely world.

In my own observation government cant control transaction because bitcoin is decentralize means nobodies has control on in, maybe if you let them know about your bitcoin transaction, so in that point they can control or limit your transaction because you allowed them to control your situation.

Cryptocurrency is the one who gave an opportunity to many people to make big income while not using talent or physical strength if the government bamned it or its Start fail many of us will never make income

It is still not happening so as much as possible we must just seize the moment we have while we can still carry out working with cryptocurrency. We all do know certain hindrances and possibilities of future issues concerning SEC and government stands towards cryptocurrency as a whole but such happening is way too far to happen for even if there are against, there are still lots of institutions, investors whether big time or small time that supports cryptocurrency usage and that must also count as considerations so it won't make happen easily that it will be controlled by SEC and government. We are just worrying into something that is far beyond from happening. Although there is a possibility, what we can just do for now is enjoy and be ready for whatever will happen in the future.

The government can't take over BTC.  LOL.  They can't ban anyone either BTC simply isn't enough of a bother to a 41.43 Trillion dollar economy.  Get real folks.

In my opinion, Crypto will not become legal in the country after all.  Why?  because crypto is an asset that has a high risk.  Yes, maybe it means legal to invest but not to exchange fiat money for crypto.  Take for example if you make a transaction using crypto, "I bought a plate at a price of 0.001btc / pcs" if so, don't know 5 minutes later the Crypto price drops dramatically.  Maybe traders and investors will go bankrupt.  In conclusion, if crypto replaces fiat money, then every item we need will not keep its price up and down significantly.  Therefore, the legality of crypto profit exchange transactions is not allowed.  And the role of government is good for the country it occupies.

Crypto has come to stay, but the truth of the fact is the more government tries to go against crypto the more such coin gets popular and becomes bullish in the market.
But for you saying people should buy Bitcoin and run away, l personally is not in support of that.

i don't want to tell my kids that i missed the chance to buy bitcoin. There is enough cash and it is not difficult to own it. imagine where btc will be in 10 years and digitization will do the rest. One thing is certain: crypto technology will determine our future life. We can earn, store, spend and trade cryptocurrencies at will. Easy and simple. New application developments have already been implemented.

Interesting you would say that, as it is the complete opposite of what Tyler Von Winklevoss said in a recent interview. He argued that crypto should be considered as a long-term investment wherein the forcible future we will see a rise of crypto lending thus eliminating the need to sell crypto. He himself is a big bitcoin and ethreum investor and thinks that crypto is a multigenerational investment. The whole interview here so check it out https://www.youtube.com/watch?v=T7V6UiUtC0U

Just stick to using fiat...
You don't seem to understand much about how the world, the government, crypto, or the financial sector.

If everyone had your attitude slavery would still exist since you would just accept anything the government does and says...

Perhaps you are the one who has the classic concept of overkill.  Each person has their own choices with their ideas.  More and more ways to approach and see the cryptocurrency world with a more friendly and fairer experience.  With the latest moves, I am confident I can keep my crypto space for as long as possible.  "A catalyst for innovation" - this will be the space of the future.

https://u.today/sec-chair-nominee-gensler-calls-cryptocurrencies-catalyst-for-change-during-confirmation-hearing (https://u.today/sec-chair-nominee-gensler-calls-cryptocurrencies-catalyst-for-change-during-confirmation-hearing)

What do you afraid of, dude? If you don't believe in crypto then just don't invest and watch silently on BTC surging to the moon. Probably it's too hard for some people to realize that simple set of digital numbers can cost thousands of dollars.

You should think of one thing, the blockchain and bitcoin is the future. The current system is driven by the infaltion. So why should I have my money digitally in a bank somewhere when I can have it digitally in a wallet that only I have at my disposal and know: there is no inflation, bitcoin has a limit. Bitcoin can only develop in terms of price. The coins will all be mined in +100 years, but the limit is already fixed.

If you want to work in crypto you have to become a believer in crypto bitcoin is a digital currency and no country's government can control this currency bitcoin's development will depend on the market I think there is nothing to be afraid of if you can invest in crypto in the right way. Investing in bitcoin will grow with the rise in prices and will go a long way towards technology.

SEC of which country ? remember that Not only America that use Bitcoin , and they are not the only country that has Security and Exchange Commission .

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i keep doing this when i feel like the market is dumping , but now ? nope i am still confident in the market.

you Stay , but we? lol why would follow you when i am sure you only has no resources to invest in crypto that's why you keep spreading FUD.

Lessen from my opinion i tell you crypto is my life .i can,t live without  crypto. why leave strongly believe bitcoin and crypto currency. if you  have any doubt about crypto ,you can go .and government can,t stop crypto   it,s a digital currency and most likely people interested about it so much.

Crypto is ruled soon by sec and goverment its not goodw

Make your cash and get out of crypto
Pepple dont like regulated things fuck rules and regulations crypto is freedom if the goverment start fuck woth our bitcoins and crypto then its not good


We stay for using cash

Cash is past and we heading towards cashless society crypto or not

Unfortunately I experienced this badly. Do not think that I will earn when I stay for a long time. I thought that and lost a lot of money. When the coin rises, sell it.

Well I get your point, but to some extent you're a bit wrong by saying Cryptocurrency is controlled by Government agencies, it's absolutely not, no body nor agency can access your crypto without you  granting permission to them.. it is highly private and discreet..

If you don't live by yourself on an Island where you are King, then you live under a regulation of some sort. Do you really believe we are free or most things comes freely? Sadly no and we are not entirely free either. Our freedom is limited or defined by the constitution.
Crypto being regulated by SEC is not a bad thing or anything new to crypto. It only defines the securities involved as to your associations with crypto and that's all. Your freedom isn't hampered online but in regards is in regards with your local relativism with the system. By that i mean, like buying crypt with your ATM card, exchanging crypto to fait and all.

I mean that's totally understandable for sure we know that we should have an exit strategy and a plan before investing our money and earn a good amount of profit.

Maybe that's the case in the altcoin market but I believed it is different in the bitcoin market and you could hold for a long-term investment when it comes to bitcoin and you can guarantee to make a profit in the future, because of the supply and demand in the market.

Of course, something could easily mess everything up that is why we know that the risky before investing in crypto and only invest the funds that we can afford to lose.

My Opinion is same to your opinion. If you are can not back with cash you get huge loss but if you can back right time. You get huge profits i think.

This topic is discussed twice a year on average. Since the time when cryptocurrencies are important in the market. True, governments will want as much control as possible, but it's not that simple. This is not ordinary cash.

In my opinion, it is more and more worth investing mainly in BTC.

A newbie's interpretation of the current stature of the market indeed. There's no way bitcoin can be controlled by a single government for that matter. First off, it is decentralized. Secondly, it is made to be anonymous, even regulating it proves to be a herculean task for some countries. So the chances of the government being able to tap into bitcoin or any cryptocurrencies' power for that matter is basically zero. Thing about cryptocurrencies is that you have to choose the best one, and in the vast sea of coins currently popping in and out on the market, it could be difficult. But there are well established coins out there like bitcoin that could continuously make you money provided that you have the patience it takes. 

The government doesn't need to control every aspect of bitcoin/cryptocurrency to control it, they can just control one part and focus their efforts on making sure that people are going to be learning a lot of the negative side of bitcoin/cryptocurrency. It is indeed a herculean task but we know that if the country is powerful enough, they can do it. USA can interfere with the politics of other countries, I am sure that controlling bitcoin is an easy task for them.
I agree, with a lot of cryptocurrency/bitcoin wannabes out there trying to have your attention, you have to be smart about it. Sticking with established won't get you big profits as they are already established which is why I like to advice that sometimes investing in risky new cryptocurrency is helpful as they are really affordable and they might go up in prices.

Not yet the past. Cash is co existing with cashless methods such as crypto, debit/credit cards, wire transfers and other methods.

It is worth it.

People that tells you that it's not worth it or wants you to stop investing in bitcoin, they are looking for other people to be with them in frustration.

still people who think about what will happen to bitcoin even though he often knows that bitcoin is the future that already exists today. It is true that where people don't need to think too complicatedly because it is enough only with digital there is enough in the wallet, so whenever we will use it and we don't need to be difficult transactions.

Bitcoin has the advantage that it is a contemporary investment that can grow at any time and is not fixed like a bank that is determined in a certain amount. the longer we hold it, then at any time we can know the increase that has occurred and the possibility of a decrease will still exist but it will return to an increase. so many are using it for future investment.

Governments have looked at Bitcoin and are eager to manipulate them, but there is nothing they can do when Bitcoin's algorithm cannot be hacked. They can only energize Bitcoin and please the community. Let's see how economists or bankers have denied Bitcoin and cryptocurrencies in the past. Bitcoin and cryptocurrencies are truly the future of modern money and the economy.

The currency and the internet have combined great, and as a result Bitcoin, crypto. We need to recognize that this is an evolution of the economic form. That is inevitable in any society.

I agree. Digital currency and crypto is the future of money. There is no point getting out of something that is so early in making. Only people who completely don't understand what crypto is about could say such a thing. Crypto is evolving, it is getting bigger and more competitive. Yes, there's volatility around it but you don't have to keep your capital in volatile coins...

The technology behind Bitcoin is the future and has opened up many uses. But there are properties that make it difficult to use on a day-to-day basis as a substitute for fiat currencies: the high volatility. For an investor looking for a currency to store value, they will be satisfied with a stablecoin. Over the years it will also come from the state, I'm sure of that. When a currency such as Bitcoin and Co. fluctuates so strongly within a few hours, it is difficult to use it as a means of payment. Although I think that Bitcoin is not suitable as a means of payment. Especially because of the 10 minutes per block.

Stablecoins can offer a solution to this problem. I think you're right.

Stablecoins are indeed very suitable for use as a store of value with fluctuations that are not as extreme as bitcoin, because stablecoins are based on the price of USD.
To save the value of Bitcoin is not recommended, because it has high votality and the risk of losing value is greater. Bitcoin is mostly used as a speculative asset. Bitcoin is also not a "safe haven" asset.

To run from crypto,  is like running from digitization  in this modern era. The  world  is driven my latest technology  and new ways of doing things.  In the near future, we are likely  to see full scale adoption  of crypto  especially  bitcoin  across the globe, irrespective  of governmental policies.

Actually bitcoin is the one who overcome it. Bitcoin have been in a lot of trials. Many people didn't believe of it because they say that whenever they hear about it, is thry think of the word SCAM. Bitcoin ain't scam if they just really know the things all about it and the basic knowledge of it. They didn't pursue or try in the beginning or in early and now most of the people having doubt about bitcoin is regretting their decision. People always tend not to trust to the things that might not true but always believe and eant faster growth. Bitcoin is very risky and I understand why they didn't want to invest on it at first. But the idea of not staying in crypto for long time is a very suitable idea and helpful.

The USD may become less stable than people think. Almost 1/5 of all USD in ciculation has been printed alone in 2020. I don't know how much is printed at present but the USD may very well head for a hyper inflation. To be honest in this time period of crisis my trust in Bitcoin as a store of value is greater than in the USD. At least don't put all your assets in USD stable coins.

Actually I don't invest all my savings into cryptocurrencies. But I like allocating some amount of my money for especially Bitcoin to be able to make a good profit in the long run. I know that not many governments really like Bitcoin or other cryptos but it shouldn't make the people worried about it. Because these are decentralized money and governments can't destroy the whole cryptocurrency market or Bitcoin.

Some governments already started imposing a tax on cryptocurrency earnings and there are more on the way. If I'm not wrong, they can't interfere with it if you don't convert your crypto to the currency of your country and you make your transactions with crypto only. I'll still go on keeping my crypto investments even if my country regulates the cryptocurrencies also.

I agree that one does not need to stay in the crypto for too long, only for those considerations that we all came here to earn money, and in order to feel that we have achieved our goal, it is necessary, at least partially, to fix our profit. Regarding the part of the deposit that is in Bitcoin, I am generally against selling even the smallest part, except for those cases when you are sure that there is a possibility that after a short time, buy Bitcoin cheaper. Cases when you should be afraid of the authorities that they will take your cryptocurrency are completely out of the question, unless you give them everything yourself.

I think that even before, many countries, crypto transactions are being taxed, under different tax laws. It is just that there are now specific tax laws that is suited for cryptocurrency.

I can't remember the tax law crypto belonged before, but I really think there is.

It is possible that at some point crypto would somehow be regulated by the government "if" crypto reaches mass adaption, to the point where Fiat money becomes useless. But i dont see it happening anytime soon, it would take several years before that happens, for now i'm not quitting crypto just because of this speculation. It's too early to say this kinds of stuff. Yes, the government is taking notice of cryptocurrency, but with the minority of its users I dont see any kind of action that the government is starting to "control" crypto.

Well in the future it will be but i'm rich already for that "just saying"

I must say that some other countries are restricted and many laws about crypto and some other are don't know about that just like my country, government don't taking seriously about this but they are aware of scamz about bitcoins in our country and some apps that we usually use for transacting crypto are adapting now and i think government will be notice about this.

I think the government and SEC will access your cryptocurrencies if you allow them too. It is meant for it to be decentralized and not run by the government nor the banks. But there is a possibility one of these cryptocurrencies might soon be regulated by the SEC and could be run by them too, but I’m pretty sure it wouldn’t be Bitcoin.

The government does not have any kind of ability to handle your bitcoin unless they forcibly get those to you by just getting your wallet or the bitcoin itself. I think OP has a bad experience with the cryptocurrency you can hold as much as you can as long your country supporting the use of the cryptocurrency.
Only capable people handle the cryptocurrency volatility if you can't it's better to don't try it again it's the battle against the mentally to hold or to sell.

The government only have the right to tell it does the particular coin doing a scam or people are doing a scam and promote themselves.

We have seen a lots of developed country has come to the crypto world even the world richest person Elon Musk has invested on it .Do you still thisnk it is worthless .It has proved to the world that if you hold crypto your keeping your asset which can turn your life .Myself is the great example for it .So that thinking to make everything cash is worst idea ever .Think twice before doing this .

Agree. They will never know if you have Bitcoin unless you have converted it in cash and transfer it in your bank. But until you haven't converted it in fiat, they can never know if you have lots of Bitcoin. Save your future, buy more Bitcoin as possible. Because I believe that one day, the government will finally accept Bitcoin. They are just in denial stage but we never know maybe they are already buying secretly.  ::)

I can't accept your advice. Cryptocurrency is the digital currency and it is the future of the economy. While many developed countries of the world are legalizing cryptocurrencies, many organizations, businessmen, rich people are participating in crypto, the number of crypto users is increasing day by day, it seems foolish to me to get out of crypto. My life could change at any time if you keep your assets in crypto.

I don't agree when you say don't be too long in crypto because in my opinion crypto will not be optimal when doing it in the short / medium term I think it takes a very long term. for example bitcoin everyone currently says bitcoin will reach $1 million this year and when we flashback to the past few years, for example to 2010 where the first time bitcoin existed it was only about $1 and it took a very long term for bitcoin to reach this point .
therefore crypto takes a long time.
besides that, when we discuss returning to cash, it will be very funny :) like civilization going backward. ;D  we will find it strange if everything is done with cash back because we know today is very sophisticated.

Bitcoin technology is the future of money, when it's early phase of developing there no other choice but living with it. I'm pretty sure that BTC is going to make change the world, where we will use digital money with full control. We should get involve with it, and secure our future.

no one can control crypto bro it's not that easy goverment want to master crypto because crypto itself is decentralized Lol

I don't think BTC is going to last forever due to it's code limitations. I'd say it's a first successful prototype of future payment systems, but what they're going to be and what technologies will be used - we have no idea yet.

Governments are trying to create its own crypto currencies  seeing bitcoin's growth. But the government may impose tax on crypto earnings but I am sure crypto earnings can not be tracked as long as blockchain can not be hacked.

No dude, the government will don't have any access to your bitcoin and other coins if you gave them permission to access it. It's your personal thing and we all know that Bitcoin is decentralized so no one can ever control, rule, or handle it. Basic info about bitcoin.  ;)

Yeah, that's the only time where the bank will question you how did you get that huge money.
As long as it's bitcoin, they have nothing to do with it and just save when the time where most of the people are embracing cryptocurrency.

Speak for yourself. Crypto has come to stay, even the government has seen there is left no option than to adopt cryptocurrency. It's good making money and equally use the technology. I currently use it for remittance across borders due to bank charges.

There's no government intervention since BTC is a decentralized currency, which uses peer to peer technology to operate and perform transactions through block chain technology. So don't worry about the government ruling Crypto because it's not gonna happen and the only thing they can do is to put a restriction / limitation which is totally not enough to put an end to cryptocurrency

Yes. That's the beauty of Bitcoin. The government and banking institutions won't be able to check our money in our crypto wallet. They can't trace back who owns that money. That is what I love about crypto. So do not worry about the government, they can ban as they want but they cannot destroy the whole crypto community. Because they knew how beautiful Bitcoin is.

How can the government touch your cryptocurrency? Over the years in the crypto space, I have realized that governments have been powerless for many years and that they can only depend on trends and obey the will of the people. Regulations on cryptocurrencies can be good and bad depending on national regulations. Cryptocurrency is not just money, it is also an asset to invest in, a store of value so it is not necessary to sell all of your cryptocurrency.

Government has no control as long as we hold our crypto in our wallet, but the moment we trade it for fiat, that's where their control could come as most of the exchanges are regulated and its the government who regulate it.

There's no reason not to sell it if in this world fiat is still widely used, we invest in crypto for the aim of making profit, and profit are only realize the moment we convert it to fiat.

With all respect the OP is talking crap. Governments, banks, institutions are going to have no choice but to accept bitcoin or get left behind. It’s like adoption of the internet in the mid 90’s, adapt or die.

Crypto currency is fully decentralized. Government regulations can't affect the flow of crypto currency it can only limit transactions within a particular geographic region. Most centralized regulators own blocks of crypto currency in their various wallet. To me I'm assuming it's a way to blind their masses from partaking from the wealth from crypto

In any case, the government is trying to limit the possibilities of its citizens, creating certain restrictions on the use of their financial resources, as well as when transferring their assets, and threatened with criminal legislation. Thus, people do not have the opportunity to fully satisfy their needs by cashing out cryptocurrency. You just need to look for other exits, which consist of the fact that, for example, when buying real estate or a car, you will need to look for a seller who will accept Bitcoin in order to bypass the government.

If crypto is on a 4 year cycle and the crypto market will have a huge correction maybe in September of October,  are the long hold coins best to hold through the 90 percent dip and how long do we think it will take for the price to come back up please??  I’m having a hard time with paying the 37 percent capital gains if I have to sell before the huge dip.  Thank you

Its not actually a problem because even though there are some restrictions but it cant really be on a whole scale yet there are still places whom do really accept bitcoin or other crypyo
in terms of those casual purchases that can really be made in fiat and now people do integrate on using up crypto since it does have value.We can have lots of options to choose on.
Now that crypto had existed then its a revolutionary stuff which people can really decide to engage on and when it comes to decentralization then this is what makes it special.
We know the risk so its up to ours if we do deal or would stick to those traditional stuff.

If you check out this reporting from February, the headline is that 80% of holders are now long-term investors and it has lots of other useful information:

https://www.marketwatch.com/story/who-owns-bitcoin-roughly-80-are-held-by-long-term-investors-report-11612998740 (https://www.marketwatch.com/story/who-owns-bitcoin-roughly-80-are-held-by-long-term-investors-report-11612998740)

Now if you believe them, and MarketWatch is a fairly reputable investment news site, then the market has changed from previous cycles. It is highly unlikely we would every see a correction anywhere near as high as 90%. It rocketed from $15,000 to $60,000 but that was before institutional money got involved. The people holding Bitcoin now are people who never need to spend it and are happy to hold cryptocurrency forever among their many other investments. If you have a problem with capital gains then you should be taking the maximum you can out every year without triggering the taxable threshold.

There's no accurate answer to that question, we don't know when this correction will take place and how dip the value may go, it's up to your good analysis to avoid certain loses.

If you are into long term better to hold coins that have strong foundation, project that already proven it's worth from this industry.

We can't avoid correction but if we are hodling valuable assets even it takes a longer time frame to bounce, it's still doable to
earn, just take the last 2017 bull as an example, more lost their faith but it's bouncing back and it's bringing decent.

What you are saying is true that today there are more holders who plan to invest for the long term. Therefore there is no need to worry about
deep corrections, because more people continue to collect Bitcoin than are selling it or spending it. Even though I'm not a big investor,
I also do the same thing, which is to continue to collect Bitcoin. Because I believe the Bitcoin price will go up to at least $ 100k this year.

Its also a very broad advice but its still our decision on whether what to do things within this Industry. Its really great to see an increasing number of Crypto users because this means that they are willing to learn something new that would benefit for a long time. They will be taught on how to monetize their time and utilize their knowledge on how to gain more using Cryptocurrencies. The opportunities that Crypto's present at the moment is limitless and we have the decision on when to grab those opportunities at our leisure.

The decision is still yours anyway. I don't think many people are going away from crypto, instead, they are staying and finding ways how to increase their investments. Specially, that we have a lot of choices now how to increase your funds in various crypto financial services. And also, if the OP wants to stay away from crypto, why is he still in this forum?

I thought blockchain doesn't have a central server so unless they hack your personal hash and transfer money from your wallet, it's almost impossible to calculate them on their own.

I am not sure if I am going to follow the advises of those who say to sell immediately. Unless the OP just wants to share his misery to others about his crypto experience, then of course we have the responsibility to remind ourselves not to get affected with bad news. I would say that let's all do our best to become good traders and investors and hope that we would be able to profit from our efforts someday. We should be able to overcome our fear from being affected with the lows of trade and investing.

I agreed with you that make cash. I Don't agreed with you that gone out after cash. Crypto currency gives good opportunity for earning. You need to cash for real life also need to involved in crypto. Cause today world moved crypto currency.

It's hard to access your Bitcoin wallet if you don't support them. So the government, SEC wants to control Bitcoin this is very difficult. They can only impose banned from transactions in some trading platforms. They cannot ban you to store in your own wallet.

Bitcoin surges past $62k despite ban in Nigeria and other countries. It's amazing that bans on Bitcoin seems to have little or no megative effect in the price of bitcoin rather it seems to get more people talking about Bitcoin... Its more like advertising in a odd way. Nigerians are pouring in the crypto  space regardless of the information being put out  by the government. A lot more people in my neighborhood are talking about crypto,  maybe for the wrong reasons because I hear them talking about xrp shooting up and they are excited about it

everyone has their own perspective on this matter, but we need to understand that even if the government starts to take part, bitcoin will still be decentralized and there are ways to maintain your anonymity. Surf further in this ecosystem and you will find many wonders.
risk management is important, that's the importance of knowledge. that way you can decide which strategic move is best for you. and remember, the methods and decisions you use are not necessarily the same as others :)

That's right, they cannot access our bitcoin wallets. Whether they ban bitcoin transactions but if your transactions are being done on the network that doesn't include names and location of the people that transacts, they cannot get you. But it's not a thing anymore for most government to ban bitcoin or its transactions, they see it as another cash cow that they didn't believed before but now, they're just giving regulations because its price is increasing.

You're right! I really do not have extensive knowledge and full understanding of Bitcoin. I only buy bitcoins in and sell when the price is high to make a profit. I do not have a strategic vision, so I often lose money when investing. Can you help me gain experience with Bitcoin? Thank you for your help.

When working with cryptocurrency, you need to take into account any scenario. Therefore, it will be better if we periodically withdraw profits in regular currency or at least in stablecoins. It is important that we do not invest all our free money in cryptocurrency, no matter how profitable it may seem.
Of course, we have significant amounts of cryptocurrency and here we cannot fully adhere to the recommendation to invest as much as we can afford to lose. We are not interested in losing any significant amounts of money.

In fact, your idea is based on two types of cryptocurrency features and their control. There are some cryptocurrencies that are primarily centralized and controlled by certain individuals or groups. All of these cryptocurrencies can be easily controlled or managed by the government or the SEC. However, there are other cryptocurrencies, such as bitcoins, which are decentralized and cannot be fully controlled or managed by governments or institutions. These can only be monitored if you allow them access to your Bitcoin. But I personally think that if the government wants to monitor or legalize cryptocurrencies, their popularity will increase. So there is no reason to think negatively about this issue.

People's thoughts are different about crypto, whatever the issue is.. hopefully bitcoin is fine and remains in its strong role, because I personally still believe bitcoin remains strong in all its characteristics.

Staying in crypto is my happiness because I was able to feed my family through this kind of works and investment either for short or long term. No need to have fear if even government legalized crypto as long as we can still use it and earn from it.

The SEC?

The SEC is a US institution. It does not exist across other nations. Bitcoin is larger than the US.

The SEC can regulate exchange between bitcoin and cash. They are still beholden to US citizens as their employers. Increasing numbers of Americans are into bitcoin and concerned about lockdown based inflation. The SEC has to be enough above board or they lose their jobs.

Even in the case of other large institutions, they can try to crash bitcoin by selling their assets, but then more people get into it cheaply. They can try to manipulate through buying bitcoin to control more of it, but then current bitcoin users have more wealth.

Bitcoin is not the big question that it once was.

Obama passed 2 important laws.  They can arrest any us citizens Anywhere in the world without due process.  And another law, the US can murder any US citizen in the world without charges or a right to a lawyer. 

You have no more rights.  Soon the guns and constitution will be gone. 

Make your money and run for the mountains.  Hardest places for drones to find you.

---

The SEC IS GOLDMAN’s pet dog.  That’s why bitfinix keeps printing fake money called tether.  Lol


[moderator's note: consecutive posts merged]

Not without consequence.

Hide in the mountains? No way. I happen to like the amenities of life, such as running water, good food, and the internet.

Practically, if you have to hide in the mountains, you have already lost. It's much better to make a stand by talking to people about what you believe in. That way, no one has to hide in the mountains.

The US government has to answer to its own citizens. They have to answer to the world too. And if they don't, then they will lose whatever it is they think they control. There are few things in the world that are permanent.

Changing the world only takes a few people to speak truth. Just look at Satoshi -- he didn't even require being known, and created a trillion dollar industry.

Imagine what you can do if you don't hide in the mountains.

               Man, op is really pissed! But seriously though, you really need to understand that we are the main characters but only in our own story, in the eyes of others, we are just fillers even more so in the eyes of the people on top. So I think that you should instead focus on things you can control rather than stressing about things you cannot change. If it gives you benefits, do it or use it. If not, then stay away from it. That is what most people do to keep their minds at ease and calm. Anyway, bitcoin is not something that the government can fully control nor fully ban just like drugs and other crimes. If you really want to, there will always be ways for present, you just have to look for it. If you don't want to, then there would really be no ways available and even more reasons as to why there will be no possible ways.

BTC is a decentralized currency that is not regulated by anyone or a central government, but I feel the opposite if you expect more people to accept BTC and allow public transactions. then it is no different from traditional currency by the rule of no privacy or financial freedom.

My opinion is different from what you said, I will stay in crypto for extra income. I will continue to do my main job in the real world and I will work in the crypto world in my spare time.
I'm sure one day you'll regret leaving crypto, you'll hit your head one day for not using your time to work in the crypto world.

Bitcoin is not a bubble. It is designed in a scarcity model, so it must be valuable as time goes. Talking about the government and control. The privacy of bitcoin is reliable. However, you didn't narrow your post down to Bitcoin, you generalised by saying "crypto". For some altcoins you might be correct not to stay too long because many of them are not futuristic. They were created for a temporary gain or in a bad fate.

Just let them be!

Regrets would always come in the end and not on the beginning.People who do have this kind of mindset are those people who are close minded and doesnt really think about its pro's rather than focusing into its negatives.

They are panicking or reacting too much when it comes to regulation talks or something like that without even thinking that crypto is decentralized.No matter what government involvement that they would saw
it wouldnt really make a change in terms of manipulation or centralization.

This is where knowledge would be entirely different extent on every person and to those who taken risk then for sure there would be some rewards later on when it turns out to be positive.

It is the strongest among all cryptocurrencies and to determine that it's likely going to be not as what we're thinking of being strong, that's just a thought that can't be removed from a person's mind because of its volatility. And if there are people discourages us to get out of the market, that's not really helping at all. They just want us to join them because they probably one of those folks that have sold earlier and misses the train already so if you want to miss the same train as theirs, you listen to them but better not.

what you say clearly reflects every crypto follower who wants the role of bitcoin to continue because bitcoin is very reliable. Bitcoin is used to going through a lot and being able to get things done quickly.

the principle is not to get used to always following news that spreads quickly from social media which actually makes us no longer believe in what we have to do. we must have our own principles because we believe what we do is the best because we have analyzed it as well as possible. don't get used to believing what people say unanimously without analyzing it first because the risk that we bear is ourselves not someone else.

The government cannot do anything as long as people keep using bitcoins and don't fear them. Like seriously how do you expect the government to track the transactions made from one anonymous address to another? It's impossible unless the address is known who owns it.

The government wants to gain as much control as they could over every penny you spend and watching people take over the control is causing chaos for them.

It really hurts to see people asking others to leave the crypto space just because the government is getting more strict towards it. We never had any support from government and we have came so far, why is there a distrust feeling among us now that we have grown so much.

There is no other way that they could get take control but rather they would impose taxes on any businesses thats correlated to it because bitcoin cant really be controlled and for
sure theyve been trying for years on doing so but still failed. If we do tend to look up on those previous news and attempts about possible regulation but still it wont be
enough on taking it down and thats the beauty of Bitcoin  when it comes to decentralization talks. Doesnt stay on crypto for long? Why?
Dont be afraid about those possible taxation or regulation or talking about investment then it do always accompanied with risk.

There seems to be an all out war on crypto from a lot of the Western countries atm  I think they are worried about how fast it is growing and need to bring it under control of the governments

You are wrong because  crypto is linked to Fiat.  99% of people who use crypto use it to make fiat and here in the UK some banks are allready starting to stop people form using debit or credit cards on Crypto exchange sites  They could also stop any payments coming from exchanges if they wanted to. Once you take away the ability to exchange crypto for fiat it almost becomes useless .  One of cryptos major problems is its high dependancy to fiat.

I don't agree. Most of the people here are to make profit. It is not necessary that this profit needs to be in fiat. Right now, most of the people would prefer to convert their profits to fiat currency, because at this point only a limited number of articles can be purchased for BTC. Super markets and retail stores don't accept BTC. So you first need to purchase gift cards or pre-paid debit cards (which are denominated in fiat currency) with Bitcoin, before you are able to do shopping with your coins. This situation will change, as the Bitcoin acceptability increases.

never be afraid to invest in bitcoin. Maybe right now the government doesn't support bitcoin, but in the future I'm sure the government will support bitcoin. Even with regulations, bitcoin will still be popular because it has been accepted by the government.

Bitcoin has a strong community that can definitely kick any existing FUD...

Bitcoin value in the last 10 years has increased tens of thousands of times, imagine in the next 10 years its value will definitely increase too. so those who say don't stay in Bitcoin too long are a bunch of idiots.

This is your own opinion anyway, running out of crypto for the fear of being regulated or controlled by the government shows how unknowable one is with bitcoins decentralized nature or its privacy. If you don’t go into the government-controlled centralized cryptocurrency, you will have no privacy issues if you remain in Bitcoin and the other decentralized digital currencies.

there is no certainty in the next 10 years bitcoin will reach a fantastic price, because all possibilities can happen, for example in the next 9 years bitcoin reaches a new ath and in the 10th year bitcoin experiences a dump, therefore it will be more useful if we can take advantage of the moment with good

As long as crypto lasts it is a good platform to invest in those who have taken the risk have succeeded although governments in many countries have legalized bitcoin countries that have not yet legalized it are investing in cryptocurrencies because governments cannot control cryptocurrencies. Everyone's use of bitcoin can protect privacy.

People can always learn along the way. OP just seems to be much more stubborn than many and reesist new knowledge. That's exactly what's going to happen with centralized cryptocurrency, you will be tracked like you are using a credit card plus it's not even a cryptocurrency at all since there's no privacy so it's more like a digital currency.

This topic is a great example of how to read someone opinion and do opposite. They guy in middle of January suggested to cash out and leave crypto.

For instance, lets check Bitcoin price on the day this topic was created (January 19) - $36,5k. If we follow this guys suggestion and sell, we would miss an opportunity to sell Bitcoin on April 14 with the price of $64,8k. Holding pays off.

Dont listen to anybody, dont let anyone spoil your strategy, intention and dreams. Be the master of your money by yourself.

Hey, Gay Ver and Andreas said the govt can’t do anything to stop us ~7 years ago.  I laughed at them, called them liars and you guys were bending over for them.

Check this:  virus sticks to cash.  Bam, gone, banned, look at the 99% mask wearing fools when there was no virus but the virus is coming this black winter from the VACAcine.  And Where you taking your coins to, BTW?  Hahaha.  The coins can never leave the blockchain.  But they can freeze your account or tax it.  Back door city inkoming.  Lol.  Almost a decade and like max 5 people are just now waking up.  Kill the fed.  Kill the fed.  The fed is tripple stacking roids, you ain’t seen nothing yet.  😆

Thank you for playing…forehead chip implant to your right, right hand chip to your left, chimp!  :-*

Vlad - broke as genius meant to never profit from the biggest, easiest boom ever just shout from the watchtower to the deaf, blind and dumb. 

If government finally hijack cryptocurrency which I don't think could be possible, then we'll gonna look for a better means of decentralizing our crypto. I know the government as vast power to establish policies that could jeopardize potential crypto investors in order to control and regulate the cryptocurrency market. Our major aims of being in the cryptocurrency world is for the money, profits that can be made from investing and Trading different cryptocurrency coins, but if this aim is affected, then we'll gonna leave it to the government to enjoy.

Yes, there is no need to create any panic. The government can't take control over your bitcoins so if you sell your crypto in panic, it will be only your fault and not anyone's else fault.
Many people after reading the OP post, will panic sell and that's what government wants from us that we sell our crypto.

Since the creator of this topic left long ago, it does not make sense to discuss it further. Even if he comes back, I doubt that he will read all your replies because the topic is clearly meant only for trolling.

Most of those who panic after reading this post are the ones who really don't understand what crypto was. Decentralization is what the concepts and there's no government interference to take over.

If you fall into this panic, then more probably you lose your chance or you also lose your money. Rushing to decide without thinking,

Fuds are always here to shake those weak investors. Big whales are waiting for your assets once you've been shake they are the ones who will benefit to bag that coin and wait for the market to pump high.

There is no word to say panic in cryptocurrency, because cryptocurrency is a risk on the whole. In this case, you have to invest and wait a long time. Bitcoin is a completely long-term Investment. If you lose patience by investing in bitcoin, it will not work. You have to wait until the market corrects.

If your country bans Bitcoin, then you can leave your money in your wallet. Not in operation. When will the state allow it to be used again. If you use your bank card to connect to your wallet, the government will know.
People in countries that ban Bitcoin have given up Bitcoin. They need to listen to the government.
There are also many countries that set Bitcoin as legal tender and allow the use of Bitcoin. The value of Bitcoin will also get higher and higher.

So far, many people think excessively, perhaps what is considered impossible, then many people sell their assets because of rumors that are not true, they panic and release their assets at low prices, even though crypto and bitcoin no one can control it, including the government.

some people want to create a FUD to stop people from looking for cryptocurrency assets. It's very clear that ever since he created this thread, the price of bitcoin has continued to grow, even higher.
to be honest, I feel that he is just having doubts about this. Well, maybe the news about the SEC is enough to make other people think away from this. but, if you think about it carefully, this is a problem that is always heated up. however, I also support the statement that don't listen to anyone. when you can still make use of it, then make the most of it

Overhearing the news is a ridiculous thing of course, investors should focus on goals, as long as cryptocurrencies are still profitable then we will be here, no matter what people say, because he has the right to say anything.

Cause after next super moon probably late this year Bitcoin and crypto will totally collapse.  And with regulations coming next year you have no idea which coins to buy after the crash.  I do, but I no longer work like a beaner at Lowe’s corner. 

Best wishes

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You’re a noob that’s gonna gonna get crushed by the crash.  Read my post above.  Bitcoin will collapse to probably sub $1,000 and 98% of alts will be killed by regulations.  Be happy they’re gonna have the biggest pump ever, soon.  Know when to sell. 

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Give me any private keys to these banned Bitcoin wallets which you can no longer use and I’ll turn them to cash for you and split fitty-fitty. 

I know peoples. 

Vlad

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Wow.  The government can do anything they want.  Anything.  Especially regarding national security which includes creating other currencies.  Enjoy the next run and cash out to gold cause fiat is fried.  And leave far away.  Good luck. 

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Whachu gonna do the Bitcoin chain freezes for like 70 years and gets 51’d and gets shorted by Soros and half of the people in crypto all the down to dirt level.  You miner you?

I feel like I accidentally tripped and fell into the retards only room.  Can’t believe any of you have more than noob status.  Haha.  Good laughs tho and I can’t help trying to help the poor and the IQ challenged. 

Vlad - you guys have no idea who I is or what I can do.  None.  ‘Nuff said. 
 

[moderator's note: consecutive posts merged]