World Of Crypto Has Changed in Last 6 Years.

[Jawhead999]

just figure i share thoughts on crypto world, it sure has changed in last 6 years, where it used to be the free market and we could do as we please, with trades, buying and selling crypto
   
now its so different now

as the governments in the world have gotten involved and trying to make it harder in crypto
as in if you need to trade out to fiat ,

u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.




in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,.


Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

Or will the average person still stay in the markets?

but its too bad that the powers that be are making it difficult





ur thoughts?



It's really wrong to say the government make people harder to trade crypto!

Either you use centralized exchange, P2P or DEX, there's no big difference, verifying your account didn't take a long time.

Although the government are tightening their regulations and tax your capital gains, it won't take 100% of your profit.

Hence, there's no reason Average Joe will leave the market, even you didn't invest in cryptocurrencies, the government will tax your personal income and capital gains from other assets.

[jrrsparkles]

You, me and everyone is else paying taxes to the government indirectly even if you're making less income and doesn't pay direct taxes. Regulation is actually good thing that will make people to believe crypto is actually real cause still people out there who things it's not even real.

Things will eventually change and if becoming expensive is what you can't afford then buy as much as now when you can.

[johnsaributua]

Indeed, the period is stunning, I think before the halving period yesterday it was felt even in my opinion the best halving with such a volatile market segment, even though the ath price is below the current and appears in the following year. crypto this year people are used to and comfortable with good prices even before and after it is almost the same as the density and fomo that continues to run. Indeed, there is a lot of hunting in cheap coins including people who have just traded in the last 2 years, if you have a good taste and strategy, of course more capital recovery and profit, a sense of speculation can hit anyone especially when it is hype even though it is very volatile.
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The regulation of each country for me is not the same, and depends on what is done in the market, I think for assets buying and selling / bartering among coins is reasonable and more lenient laws than making it as a means of payment for other objects, especially objects that are not useful or sorry (criminal) of course prohibited.

Because the tax I get is for local cex transactions and may be smaller. Even so I prefer the world's popular cex because it is familiar and comfortable to trade and see trends.

[GreatArkansas]

u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.




in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,.


The regulatory environment has become tighter. Governments and financial authorities have started to impose regulations aimed at preventing illegal activities, which for me is kinda normal job of every government.
The future of cryptocurrencies will likely depend on finding a balance between regulation and maintaining the core principles of decentralization and freedom that originally defined the space.

[MusaMohamed]

The regulatory environment has become tighter. Governments and financial authorities have started to impose regulations aimed at preventing illegal activities, which for me is kinda normal job of every government.

Governments less paid attention on Bitcoin market, then cryptocurrency market when market cap of this market was smaller in the past. With time and growth of this market, its market cap becomes bigger and governments have to pay more attention on it, do more regulations, tighten their regulations and want to get more money in tax from this market.

The future of cryptocurrencies will likely depend on finding a balance between regulation and maintaining the core principles of decentralization and freedom that originally defined the space.

I believe Bitcoin and cryptocurrency market will be here to stay with us and governments, central banks. They will only regulate this market more strictly but will not destroy it. With stricter regulations, there will be less freedom, privacy but we will still have this market existence to use.

[fullhdpixel]

Yes, now the situation is different with the involvement of the government, which is trying to study crypto so it can collect taxes on it. We cannot deny that even though no government controls crypto, we live in a country. Each country's government wants to collect additional income as taxes to improve its economy.

It seems like people already understand that even though the government is involved, namely taxes, people still use crypto. People who already understand will not see it as a problem because they are just trying to follow the regulations made by the government. Even though there are regulations from the government, as long as people can still use crypto, they will continue to use it.

It won't drive people out of crypto. They will stay in crypto because they see the potential profits they can make. Taxes are something they have to give to the state, while the profits they get can still be as large as before. Like it or not, we have to accept regulations from the government.

Trading has not been legal in my country till now, but I am afraid that even if trading becomes legal in our country, taxes will be imposed by the government so much that a common man who is still trading on low income will not be able to do it. He will not be able to trade.

If you see, we are still paying taxes, in the case of mining, we have to pay the tax on mining BTC, on top of selling BTC, similarly, we have to pay the fee for buying other alternative coins, and even while selling. If we have to pay the fee, we will not be able to afford more government tax on top of it. Therefore, not having some things is better than having them.

[Baki202]

Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

People that want to invest will not be bothered with what ever bitcoin might bring in price, crypto is literally for everyone, it does not matter weather you are rich or not, because no matter the amount of money you have can be use to invest in bitcoin all that matters is that you have interest and you have quite some amount of money to invest. You don’t need much to invest but if you have good capital it will be of more benefit.

No. It is the sign that more money is going in to crypto and those that are existing here won't think about getting out anytime soon. We're not yet on the peak of the bull run and that's why people won't be thinking of dropping out anytime soon. Many are going to leave when we're already on the bear market but as of this time, I don't think that's what on the mind of the most when we're not yet seeing the best of Bitcoin. But it's true that a lot has changed for the last 6 years.

Daily cryptocurrency records demonstrate that new investors are constantly purchasing bitcoin. Despite the current state of the market, people will continue to buy and sell, with many selling during bear markets and others losing patience. We have yet to witness a significant profit period. Over the past six years, a lot has changed in terms of pricing and the number of investors, who continue to rise in number.

[aoluain]

just figure i share thoughts on crypto world, it sure has changed in last 6 years, where it used to be the free market and we could do as we please, with trades, buying and selling crypto
   
now its so different now

as the governments in the world have gotten involved and trying to make it harder in crypto
as in if you need to trade out to fiat ,

u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.




in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,.


Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

Or will the average person still stay in the markets?

but its too bad that the powers that be are making it difficult





ur thoughts?



It's really wrong to say the government make people harder to trade crypto!

Either you use centralized exchange, P2P or DEX, there's no big difference, verifying your account didn't take a long time.

Although the government are tightening their regulations and tax your capital gains, it won't take 100% of your profit.

Hence, there's no reason Average Joe will leave the market, even you didn't invest in cryptocurrencies, the government will tax your personal income and capital gains from other assets.

I agree also that governments applying tax and regulations will turn people off getting into Bitcoin.
It is so accessible to most of the world with whatever amount of FIAT you want to use and no
middle man or investment company being involved.

In a messed up way of thinking and a way that goes against what we think about governments
applying tax regulations it means that they are happy to let their citizens get involved because
they get their tax cut from the profits.