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Author Topic: Dont stay in crypto too long  (Read 2473 times)
MCobian
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January 19, 2021, 11:38:32 PM
 #21

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.

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January 19, 2021, 11:43:30 PM
 #22

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.

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January 19, 2021, 11:45:32 PM
 #23

Crypto is ruled soon by sec and goverment its not goodw

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.

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 

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.

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January 19, 2021, 11:59:16 PM
 #24

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  

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.

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January 20, 2021, 12:24:36 AM
 #25

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.

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January 20, 2021, 01:26:27 AM
 #26

Quote
Pepple dont like regulated things

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.
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January 20, 2021, 01:36:47 AM
 #27

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.

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.

No one can regulate Bitcoin, even if banks and governments starts using it as replacement for fiat of reserve currency. That's how powerful decentralized system, no one controls it. Unless you have a total control of the hash of Blockchain you can monetize mined Bitcoins and transactions. But it would take tremendous money to invest in mining.

Which is impossible to person control all hash of the blockhain

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January 20, 2021, 02:23:29 AM
 #28

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.
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

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January 20, 2021, 02:40:44 AM
 #29

if the goverment start fuck woth our bitcoins and crypto then its not good
~


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


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 Grin

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January 20, 2021, 03:03:44 AM
 #30

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 
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.



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January 20, 2021, 04:54:22 AM
 #31

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.

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January 20, 2021, 06:02:16 AM
 #32

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.
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January 20, 2021, 06:07:24 AM
 #33

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
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January 20, 2021, 06:19:21 AM
 #34

if the goverment start fuck woth our bitcoins and crypto then its not good
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.

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.

meanwords
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January 20, 2021, 06:23:26 AM
 #35

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.
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January 20, 2021, 06:26:17 AM
 #36

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 

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.

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January 20, 2021, 06:26:42 AM
 #37

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

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January 20, 2021, 07:04:52 AM
 #38

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.

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January 20, 2021, 07:12:55 AM
 #39

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 
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.

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January 20, 2021, 07:38:52 AM
 #40

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.
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