hugeblack
Legendary
Offline
Activity: 2506
Merit: 3654
Buy/Sell crypto at BestChange
|
|
November 22, 2020, 05:43:32 PM |
|
The price has become stronger and more solid, so that regulatory news will only affect it in the short term. There are many countries and banning Bitcoin in a particular country will only increase the price in the long run. Many countries will begin to accept bitcoin and impose taxes on them, with an emphasis on monitoring them rather than wanting to ban them.
|
|
|
|
|
|
|
|
Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
mersal
Member
Offline
Activity: 1204
Merit: 38
|
|
November 22, 2020, 06:34:56 PM |
|
We actually don't know what will be the approach of the new president towards cryptocurrencies but as far as I know, it is not going to be on the positive side, it will be wither neutral on the negative side so high chances for strict regulations and more restrictions towards crypto service companies which means more company is going to move their offices to somewhere which is a loss for the US not to the crypto itself.
|
|
|
|
Twinkledoe
Full Member
Offline
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
|
|
November 22, 2020, 07:06:16 PM |
|
Hard fact *Nothing* If they are regulating it , that means more people will be able to use it more without any further ado. For most people who rely on governmental system, they tend to believe that whatever the government might approve will actually be good for them. Therefore we might be able to get more investors. With the regulations , it would mean that the Bitcoins and other cryptocurrencies will be protected by the law , which is more + point for us. As long as the regulations are not unnecessary and excessive we are good to go.
America is not influential , America *was* influential , we have all seen the economy shatter and the political unrest. Right now I just hope they set a better example for everyone alike.
I would like to believe that , the regulations will bring more of a positive response from the public, since the government clearly doesn't want to ban Bitcoins there.
This is my take here. If finally they will have clear regulations towards crypto, then people will trust that this entity is legit as many people are still looking at it in a negative way. If they see that their government is recognizing it as a legal subject, then they will have more trust in dealing with crypto. Just like when PayPal introduced that they will be accepting crypto in their system. So for me, there will be positive consequences when US finally have clear regulations on crypto.
|
|
|
|
shoreno
|
|
November 23, 2020, 11:18:12 AM |
|
banks black listing legal business is bad but if u.s regulators stops that bad doing we can feel a good effect after that but what can this be the effect to other countries when this was only done in the u.s .
i know, other countries can benenfit thru the increase of the price of crypto because cryptos can become more powerful in the u.s if not because of those black listing by banks . if crypto is not illegal on u.s why they dont allow most crypto exchanges on this country , could it be mean that crypto is also restricted ?
|
|
|
|
Buttermellow
Member
Offline
Activity: 462
Merit: 14
|
|
November 23, 2020, 11:38:43 AM |
|
US regulations can only take effect under ita jurisdiction. Meaing that they do not have any control over the other countries to implement their rules and regulations. Moreover, bitcoin does not need any regulations because it is more secured than banks with the anonymity features and the owner of the said holdings of bitcoin has full control over with the coins and can trade whenever they needed.
|
|
|
|
Mauser
|
|
November 23, 2020, 12:00:04 PM |
|
The price has become stronger and more solid, so that regulatory news will only affect it in the short term. There are many countries and banning Bitcoin in a particular country will only increase the price in the long run. Many countries will begin to accept bitcoin and impose taxes on them, with an emphasis on monitoring them rather than wanting to ban them.
Regulatory actions by only one country likely will affect bitcoins only in the short term. There might be a few panic sellers who think everything is over, but in the long run the impact will be very small. Bitcoins and the crypto world im particular are international projects. If one country decides to fight against them they will just move abroad. In todays world it's impossible to control the cyrpo world completely.
|
|
|
|
arwin100
|
|
November 23, 2020, 12:07:25 PM |
|
The price has become stronger and more solid, so that regulatory news will only affect it in the short term. There are many countries and banning Bitcoin in a particular country will only increase the price in the long run. Many countries will begin to accept bitcoin and impose taxes on them, with an emphasis on monitoring them rather than wanting to ban them.
Regulatory actions by only one country likely will affect bitcoins only in the short term. There might be a few panic sellers who think everything is over, but in the long run the impact will be very small. Bitcoins and the crypto world im particular are international projects. If one country decides to fight against them they will just move abroad. In todays world it's impossible to control the cyrpo world completely. Regulation is good if there's something beneficial offer to protect each investor against those fraud and I don't see any problem of this but if there's something against it and they plan to ban it's usage in their country the provably that's bad since remember America is big country and we are looking at the value in USD so provably there's something bad will happen if US impose stricter usage of bitcoin.
|
|
|
|
el kaka22
Legendary
Offline
Activity: 3514
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
|
|
November 23, 2020, 05:35:40 PM |
|
Well, it is a feeling similar to weed business as well. Most of the weed business handles their shops via cash and not banking because many banks do not want to work with them, the reason is that states may have accepted it but federal government has no say in it and that means if you deal with a weed shop as a bank you have to make sure that they only use your bank in the states that weed is legal and since that would be hard to manage, they just decide not to work with them.
Crypto is not "federally" accepted right now, it is not rejected neither but many states have their own licensing situation, banks could very well decline to work with them on the basis of some state not accepting crypto or bans crypto or anything similar, all it takes is one state banning and all banks can decline to work with crypto business.
|
|
|
|
CarnagexD
Sr. Member
Offline
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
|
|
November 24, 2020, 10:59:08 PM |
|
Nothing too big. Bitcoin is decentralized for a reason. Now some may say it could cause a decline in the volume of users which it definitely will, however. You have to understsnd that bitcoin is used worldwide, and as more and more countries use it, the lesser impact the US will inflict on it. Even to this day, US can only affect the price of bitcoin so little.
|
|
|
|
█▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . Stake.com | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . PLAY NOW | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
|
|
|
chanler
Member
Offline
Activity: 753
Merit: 15
mulierum.com
|
|
November 24, 2020, 11:16:27 PM |
|
But after China launched its CBDC, it became clear to everyone that the integration of cryptocurrency and banking systems could not be avoided.
So, with this fact, you are telling us that the US won't stop all services to crypto businesses? Em, it is basically not easy to make that decision. However, I think the US president won't make a policy that can make difficulties for their society. Because there are already many people in the USA involved in crypto business, I am sure the government will support it. Moreover, if it can bring a positive impact on banks.
|
|
|
|
|