Too much hassle to fulfill what they want, imagine people always have to ask for documents to verify the recipient.
(Finally, many recipients (in the U.S. or abroad) who value their financial privacy, may simply not want to upload more identifying documents to various companies,
which could be hacked or stolen.)
https://twitter.com/brian_armstrong/status/1331745443399647233

Hopefully, it's just a plan without realization, so many aspects to be considered and overcome to make this regulation functioning properly.

Altcoins aren't bad choices for diversification, especially the top 10 coins in the market, most of them have been increasing more than 50% in the last 30 days following the path of bitcoin obviously. Furthermore, people can earn more profits by investing in altcoins more than bitcoin due to the price gap. For example, xrp and waves, xrp value has increased from $0.25 to $0.6 = 240% increase, and waves from $3.4 to $9.2 = 270% increase. If I have $1000 to spend between bitcoin, ripple, or waves, definitely waves or ripple will generate the best capital gains compared to bitcoin.
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The real resistance is $19,8k in my opinion, look at the price history in the last 2 weeks, bitcoin barely break $20k as the highest peak last week was $19,839.
The highest peak we can expect to sell before bitcoin reaches $20k is $19,8k, the big wall awaits at that point.

People can choose how much they want to put their money into bitcoin up to 10%, for those who doubt about bitcoin can set just 1-5% for their retirement but even 10% is not too much and will be a great deal in the long term as Bitcoin value keep increasing as time goes on. I prefer to hold bitcoin on my own because it's safer and be able to manage it as I want but diversification is a good thing, especially for the long term. In any case if I make a bad decision that leads to losing my bitcoin, the retirement account will be the backup plan.

This is the most common condition as many countries don't legalize bitcoin as a means of payment, even in my country the authority prohibited bitcoin to be used as a currency but people can trade it as a commodity.
However, some merchants accept bitcoin payment, we can spend Bitcoin there as long as the transactions under the radar, and there are plenty of online merchants that accept bitcoin payment as well.

Traders who choose to buy altcoins expect a higher return compared to buying bitcoin at the current market condition, still uncertain whether to rise or drop to a certain point like the last time it fell to $16,3k before recover to $19k again. We can expect bitcoin to surpass $20k this year or in January 2021.
In this case, I prefer to buy altcoins if bitcoin manages to break the ath as altcoins will follow the path of bitcoin days or weeks afterwards.

There are many ways to make money, yes it's not limited to only signature campaigns. Create a crypto-related blog probably isn't the easiest way and it takes a relatively long time to get the SEO to recommend your site. Offering skills or sell something online through some sites are a good option as well such as Upwork, Fiverr, wonder, or etsy. source
Some people who take their time to try and learn new things will pay off in the end.

Fortunately, we don't have to deal with such a problem here, a nightmare of taxes on capital gains.
If there is a way to avoid taxes, better to stay away from local exchanges, trade on a foreign exchange like Binance, trade on decentralized exchange or peer to peer, and then withdraw in the form of digital currency such as skrill, paypal, etc.

If you're trying to scalping, it's not the right time at the moment due to the price seems to increase and decline briefly within 24 hours which lasted for the last 6 days.
However, I prefer not to sell bitcoin currently because it still has a high chance to reach $30k - $40k in 2021, waiting for 1-2 months will worth the time compared to sell at the current price. When the time comes to break $20k, it will get back on the rally to gain $1k-$2k in a relatively short time, the first step is $22k obviously.

The market still going sideways as it gives the impression that bitcoin will go down and will go up, as the support and resistance levels are both resistants at the moment.
The bull run isn't over yet and your daughter's money will recover as long as you're willing to wait, set a goal to sell, and be prepared to cut loss if you can't wait for months.
However, bitcoin suppose to reach the ath in the next year, probably around $30k-$50 and some predict it may reach $100k.

There is no way to make the government change their decision, unless you have such power to make them do it, in this case, better to stay anonymous.
Do not ever involve in a centralized trading platform, you'll never get caught if you know how to remain under the radar. You can buy bitcoin peer to peer or from decentralized exchanges, just set an account and prepared the payment. You can't spend bitcoin to buy anything inside your country nor exchange it for fiat currency, but you can exchange it for stable coins if you want.

Now that got me triggered.
What is the standard to be called a third-world country, first-world country? or which country is included in a second-world country?

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More than half a century ago, the Cold War was just starting. It was Western capitalism versus Soviet socialism.
The First World consisted of the U.S., Western Europe and their allies. The Second World was the so-called Communist Bloc: the Soviet Union, China, Cuba and friends. The remaining nations, which aligned with neither group, were assigned to the Third World.

The Third World has always had blurred lines. "Although the phrase was widely used, it was never clear whether it was a clear category of analysis, or simply a convenient and rather vague label for an imprecise collection of states in the second half of the 20th century and some of the common problems that they faced.

This 1-2-3 classification is now out of date, insulting and confusing. Who is to say which part of the world is "first"? And how can an affluent country like Saudi Arabia, neither Western nor communist, be part of the Third World? Plus, the Soviet Union doesn't even exist anymore. source

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Because I love Japan, the best country imho.
so, if you're googling: What's the Average Cost of Living in Japan/month?
The average living cost in Japan is 160,000 - 240,000 yen or around $1535 - $2303.
This includes rent, food, utilities, utility bills, dating, medical bills, and entertainment bills. Among them, rent for housing, food costs, and transportation are the largest amounts.
$1 million divided by $2300/month = 434 months or will be enough for 36 years.
conclusion = yes, you can't retire with only $1 Million, unless you live in third-world country

it makes sense if calculate the price + inflation rate every year, although people will agree that $20k is the ath, except in term of the value, it does not recover yet.
Gold almost hit the recovery point as well although it takes a long time compared to bitcoin, can't say it's the same thing as the adoption is different, the value is also different.
And all this happens because the Pandemic is one of the factors that affect how the market preserves their funds, the government print so much money and economic downturns lead to devaluations.

We will know in 10-12 days whether bitcoin can surpass $20k or it will go down through the end of the year, but the possibility to reach $20k is still there.
Although bitcoin can't break the resistance level this year, it definitely will in 2021, no doubt about it.
Bitcoin is in a different chapter this year compared to the bull run in 2017, because many institutional investors join into the crypto-world, not just retail investors.

Bitcoin still has a higher chance to surpass $20k this year as we just start this month with $19k, so it will be categorized as a new ATH as well. Nevertheless, compared to the possibility of bitcoin price in 2021 that may reach over $30k, definitely a new page for the market. If bitcoin can't break the $20k resistance by mid-December, then the ath might be postponed until 2021.

If I noticed bitcoin in 2010, I would be a millionaire right now but in 5 years bitcoin has brought a better life for me. Since the first time after learning about bitcoin, I know it is a good idea for the decentralized digital currency which has a lot of potential in the future, well it has been proven right so far. So, our purpose should be to accumulate bitcoin as much as we can for the next 10 years.

Yeah, bitcoin always find the way to recover, even if a country ban cryptocurrency and exchanges, they simply move the headquarter to another bitcoin-friendly country.
Although there are hacked exchanges, it will recover eventually as we've seen it happen all the time after exchanges got hacked.
Furthermore, the biggest player and exchanges located in the US, yet the authorities have issued regulations regarding the crypto-world, nothing to worry about so far.

there will always a loophole to avoid taxes, but inaccurate letters for dozens of citizens from the IRS is really something, how could someone who had incurred $2,000 of cryptocurrency investment losses, they should do better than this. Yeah, that's what they have to deal with as american citizens, fortunately for people who live in a country that doesn't ask for taxes on our capital gains.

in some exchanges, bitcoin has reached a new ath but not in all exchanges as some exchanges placed the record of $20k.
Bitcoin retraced from the high of $19k levels but it still in the bullish sign, probably will surpass $20k in the next week, and still have a high chance to hit $21k by the end of the year, who wants to sell bitcoin at this point? The correction is over last week, it's time to break the resistance level.

Agree, no one can tell what will happen in the future 100% correct, but we can speculate based on probability and mathematical calculations, such as people predicts bitcoin may reach $20k in 2020, well it might become a reality by the end of this month. Bitcoin growth is influenced by several things, such as halvings that affect supply and demand, trends in the market, regulations, adoptions, etc. If bitcoin can reach $100k in 2021, it's not impossible to hit $1 million in the next 30 years.

The government may never do this considering the volatility in the market and all the risk to manage such a big amount of bitcoin, they will be targeted by hackers.
In this case, the best thing to do is to create your own bitcoin retirement account without being noticed by the government, it is safer and convenient, because in the end, the authorities will demand people to pay taxes on the increase in bitcoin price at the time of sale.