Bitcoin Forum

Good time,ladies and gentlemen
So,what are your thoughts on the current market situation?
While the US is trying by all means to pull its economy from the bottom and introduce more and more regulations on cryptocurrencies,european banks are actively cooperating with cryptocurrency exchanges
Binance recently closed its business in Canada,which is a good indicator
The market is unstable,but like Rockefeller said,you have to buy when there is blood in the streets ;)

-Regargs

It doesn’t matter at all, if the US government interferes in the cryptos. If they make strict rules and regulations, it won’t affect a lot to be honest. Due to the decentralised nature of the cryptocurrencies, no governing body or person other than the investor can know how many digital assets or cryptos the trader is holding. So yes if they ban or put restrictions on exchanges in US, then the traders will completely shift to P2P trading. Yes we have seen these types of limitation in many places, so yes you can claim that this is a new era for all the traders.

U.S. Govt will not dare to intervene in cryptocurrencies very hard because the taxes they can collect from cryptocurrencies are huge, so far the U.S. Govt has only signaled that they still have strong influence and will continue to oversee cryptocurrency trading with claims to want to maintain financial stability in the U.S. 

the US is a democratic country that changes regional heads every few years, so every regulation that is set will not last long and will change according to the interests and political promises of the leaders who occupy positions.

anyway, i like this sentence.

There it is, you've said it so if the market doesn't look good and you think that there's an opportunity within then you should start buying. I don't mind having this type of market for a while because it won't last and the situation will change. It's because of the halving that we're having.
Manipulations will be left and right and they'll do it to maximize the lowest price of everything so that they can get it mostly for Bitcoin.
While we can see that the price isn't favorably high, that's favorable to them because they are trying to send the prices down for them to accumulate as many as they can. So if whales are doing this, it's time for those that have missed it to do something the same.

European banks collaborating with cryptocurrency exchanges can be seen as a positive development, as it indicates a growing acceptance and integration of cryptocurrencies into traditional financial systems. This could potentially lead to increased mainstream adoption. As more banks embrace cryptocurrencies, it may also contribute to a higher level of trust and legitimacy in the industry, potentially attracting a broader range of investors.

What can you expect from the government? Some are already working with crypto while some are slowly restricting crypto by making policy that could limit a crypto transaction on their country. I see this as a normal one, but in other countries its already a good progress and adoption. Crypto is still a big threat to many, they are seeing it this way and we cannot just ignore it. Trading will be a big concern if Binance will continue to operate on a country where there’s a strict crypto policy, this could be a good move for Binance but too bad for the users.

Is cryptcucrency at the centre of US asset regulation bills and what percentage of that law focused on digital assets bitcoin in particular,  what I think is happening with the whole global economic crisis goes beyond bitcoin/cryptocurrency and it will be a wasted effort if any country focuses too many oncryptocuremcy regulations as a means to revive their economy since cryptocurrency contribute just small per cent to the countries GPD and whatever ways there can calculate it impacts on their domestic economic performance.

But on I individual level,  bitcoin is the best form of the alternative store of value most especially in times of high inflation and other economic crisis.

No sure EU shares the same sentiment as the European banks, especially not after I read some articles a couple of days back.

1. EU ministers agree on tougher tax rules for crypto transactions (https://www.lemonde.fr/en/european-union/article/2023/05/16/eu-ministers-agree-on-tougher-tax-rules-for-crypto-transactions_6026865_156.html)
2. The European Union has approved the regulation of cryptocurrencies – licenses for mining, trading and storage are required for all companies (https://technewsspace.com/the-european-union-has-approved-the-regulation-of-cryptocurrencies-licenses-for-mining-trading-and-storage-are-required-for-all-companies/)

Meanwhile, in the UK, they want to treat investing in crypto as gambling  ;D
- Cryptocurrency: Treat investing as gambling, MPs say (https://www.bbc.com/news/technology-65610851)

So you're worried about the future because the US seems keen to 'kill' crypto with their regulations? To be honest, I would not be surprised if they change their rules here and there after some lobbying happened. Not to mention most people agree that SEC is doing more harm than good with their recent shenanigans. Even if they don't change and in the worst-case scenario the US no longer trades Bitcoin, I doubt it will completely kill the crypto market. Price will plummet for sure, but it will correct itself and Bitcoin will still be accessible as currency.

The USA. is a complicated country and it has freedom so no single person, no single authority can do everything there without challenge from other people, citizens and other authorities.

Fleeing US. crypto firms 'Welcome', French regulator says (https://www.coindesk.com/policy/2023/05/17/fleeing-us-crypto-firms-welcome-french-regulator-says/). The USA. Congress Senators don't want to see cryptocurrency companies continue to flee away from their country.


Policies in the USA. can change with time by one way or another and I really believe that cryptocurrency companies won't be killed in that nation.

The US government's aggressive campaign against cryptocurrencies began years ago, and not just now. Now it seems to be at the height of its strength, but it is not new. Nevertheless, it has not succeeded and will not succeed in the future in eliminating Crypto.

Bitcoin has always proven to be stronger than all these pressures, and now it will do the same. I think it is the right time to buy and accumulate, because the coming period will witness great prosperity and a rise in prices, especially with the approaching end of the year and the approaching halving of the next year.

So the new thing that you are talking about is we are in a new territory? Like banks cooperating with cryptocurrency exchanges and making deals or something. I thought that this post would be helpful to traders in determining whether they should buy or not.

The current market situation is not that concerning for me, just that the volume of transactions and amount of TX fees is the problem.

Am not loving how you put this here because Market not being stable by all means is a  good thing  even if this means you can buy more , but yeah you are pointing sideways to what it really means.


I love that specially if we will install and act favoring the market and of course our investment for readying in the future.

The important thing is that you don't need to panic too much with all the crypto regulations issued by the US and just focus on what you are doing in crypto. It's true that the US is trying to tighten its regulations for crypto but we know that crypto is not limited to the regulations that exist in every country and that's what people like.

One day, I see that those strict regulations will backfire on the government, but they still don't realize that it's dangerous for the government. And even though government regulations seem too strict, we can still use crypto for many things, including long-term investments. That's what we should use for now.

After all, the government can easily change or modify those regulations, so we still have to adapt to the latest situation that the government will issue. Don't worry too much and just enjoy. And do not forget to search for more profit.

Again, I'd say cryptocurrencies are not decentralized, just bitcoin is the only decentralized, anonymous network we have on the market. The US government and other governments will not be able to stop the development of cryptocurrencies, but their enactment of regulations or bans will significantly affect us. You can still use and invest in crypto even if they ban it, but you won't be comfortable living a life hiding from them. Don't look down on the government, they still have their power and can get us in trouble if we keep going against them.

The market always feed the participants with fears, uncertainties, and doubts and soon leads these people to make irrational decisions. Simply because of emotion. They cannot handle themselves so thus their own investment and trades. And that is true, when everyone is selling the best thing to do is to buy because everything is at a discounted price. You cannot control the market. But if you are able to control yourself over all the adversity, you have the edge.

I think there's something happening now that Tether really are putting their profit to scale it more by buying more bitcoins and lot of other news concerning the economy in the US. Well, we may not know what may happen but for sure when we get to the bull run again we will be the person who reaps it. This time is the time to accumulate and to DCA on your holdings.

Those regulations are going to only slow down the price of Bitcoin from going uptrend at the moment, but they can't really hold down the crypto market for a very long time. The US government alone cannot cause why the market can crash and remain like that for a very long time. This is not even the longest bear market in the history of Bitcoin. Normally, there are still some factors that tend to lower the price of Bitcoin, but once the circle is complete, Bitcoin will spike again, and we will all see a long jump in the market.
  If investors really had another source of income like other jobs they earn from, it would be profitable to even keep accumulating on the DCA strategy, but that's for anyone who still thinks they need to use the opportunity of the bear market to buy more Bitcoin, which is not investment advice.

I do not see any blood in the streets, we have moved from the bottom that was formed during the past year to reach the levels of $30k, the price is still shocking in a good price range and is trying to test again the levels of $30k, which if broken, we will remain above it for a long time.

Trading in the middle and end of the year is often stable and tends to rise. Bitcoin interacts positively with regulations and the rate of interest rate hikes can stop, so there are no factors that pressure the price. The price has not experienced barriers at $20k for several months, and therefore we still have a long way to go to reach the bottom again, which means that the possibility of a strong correction is not expected.

Saying that it doesn't matter at all seem a bit of a stretch, US is still a big market and it's already proven that they have an effect on the market, remember when there was stimulus checks? It did have some effects on the market. Fanboys really think that being decentralized means that the world economy and market isn't going to affect the prices, people still buy goods and services with cash even if they use cryptocurrency most of the time.

I don't have problem with how many time United State try to make blood with cryptocurrencies, until tired and bored reading with bad news or announce by United State country every time how to make Bitcoin drop. Many people have trust and know what the advantage when investing their money in bitcoin exactly after United State Bank collapse last several months and they are realize right now better control my self with our money than save in the bank.

Not any impact yet with regulation from United State anymore, they want to give bad news or not Bitcoin still can stay behind many investor, seems United State have tired with how bitcoin progress keep move up every years with many people more interested with investing in bitcoin than other investment.

the world economy does not have a significant impact on cryptocurrencies, such as the global economic crisis due to the Russian war, it does not seem to have an effect on crypto, although its influence is tentative. therefore what is issued by the US government does not make our negative view of cryptocurrency, on the contrary if it has influence and prices fall then it can be used as an opportunity to own crypto

The market doesn't look too bullish in my opinion because we have fully retraced 50% of what was already lost in 2022, it has been unidirectional and also consolidating from $25k and $29k repeatedly in the monh of  May, there is no much buying pressure and the sell pressures are quick to be filled, which means that only few are willing to sell, the majority still want us to go below $24k and those who luckily bought around $15k are pushing the price up, in few weeks to come, we will know the next step of the market by the demand and supply.

What is there that US will do than printing more money to save their inflation, for short term the price may soar little but we will be quick to come back down in price on where are again. Regarding Binance closing market in Canada, it is nothing serious, the regulations is not friendly to Binance and they have every right to live as fast as quickly before they tag them for breaking their laws and the fine is also what Binance is not ready for right now.

I think the market is not too volatile but we are down badly, there is no harm in buying and holding any of your favourite coins, many coins on the market are still more than 70% down, as you say that it is good to buy when things are bloody, buy and hold and save yourself from all these analysis.

Those news can really affect the market and sometimes these news was made for manipulation. It helps investors to buy at a very discounted price so that they can earn more profit in the future. That's why sometimes I agree to the saying that "buy Bitcoin when people are fear", but I will not buy directly when there's a lot of pressure in supply because I know that even whales and institutions are not willing to entry against this move, they waited for the price to consolidate first before doing so.