Dont stay in crypto too long

[AakZaki]

I don't know why this man giving this kind of warning in this kind of forum. This SEC issue started because ripple and bitcoin are very different from bitcoin, I think OP was the one who got hurt from the time that SEC issued its lawsuit to Ripple and cry all the way out blaming everything on the whole crypto.

We are at a time where we are slowly transitioning into a cashless society and crypto is the one who will shine most of it so why you hate it 

Yes, maybe he is the one who was hurt by the SEC ripple on ripple. Many are being hurt by the SEC's break when it comes to ripple. Maybe the OP lost so much that he no longer believes in cryptocurrencies. whereas crypto is a revolutionary technology that can change the way we transact.

[lepbagong]

I don't know why this man giving this kind of warning in this kind of forum. This SEC issue started because ripple and bitcoin are very different from bitcoin, I think OP was the one who got hurt from the time that SEC issued its lawsuit to Ripple and cry all the way out blaming everything on the whole crypto.

We are at a time where we are slowly transitioning into a cashless society and crypto is the one who will shine most of it so why you hate it 

Yes, it is difficult to predict well and where to go but it is clear and understandable.
hatred of course because there are problems that cannot be resolved and looking for something to be able to divert even into materials to cover up what he himself cannot solve properly.
things that are natural and humane but hatred which ultimately results in others being affected is certainly not good and must be ended.

Yes, maybe he is the one who was hurt by the SEC ripple on ripple. Many are being hurt by the SEC's break when it comes to ripple. Maybe the OP lost so much that he no longer believes in cryptocurrencies. whereas crypto is a revolutionary technology that can change the way we transact.

It is very certain that what you say is the impact, but there may also be someone who experienced it not only him, it is just how to reduce what is experienced more wisely and wisely, no one wants it to happen.
everyone also wants to be successful, hopefully what he is talking about can be understood by him.

[jzone23]

They are not against crypto and as a matter of fact most of them are crypto enthusiast. Don't worry they can't touch your asset and they will not ban any exchange unless they violate a rule/law. I am in crypto since 2015 and will stay as long as i live.

[uneng]

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 live by these rules and regulations every day, so what is the difference when governments implement rules linked to Crypto currencies? They can only regulate the "Fiat" side of it and then create laws to restrict Crypto currency use outside of the "Fiat" part of it. So when your bitcoins touch centralized organizations like regulated Exchanges and also wallet providers and casinos and services, then the government can force these regulations.

They will not be able to stop transactions that are outside of these "regulated" organizations and services, because Bitcoin is decentralized. The moment when they "ban" Bitcoin, it will explode in their face, because illegal transactions does not generate taxes. (Underground and decentralized services will pop up like mushrooms, when they ban it)  

Yes, that is true. But how can you use bitcoins outside this regulated and centralized environment in a consistent way? If you want to use bitcoin as money in real life you will touch these regulations and will have to follow them sooner or later. That is for sure. Even to invest your crypto currency nowadays inside crypto universe you have to show evidence (source of funds) of your money's origin, furthermore your id, phone number, and so on.
Somehow OP has a point and a balance between freedom and regulations must be found to not discourage people to use and invest in crypto currency on long run.

[sana54210]

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 

The government can’t access your bitcoins and they don’t know if you have cryptocurrency or not, unless you’re the type that leaves traces that shows you own bitcoin, but as long you continue to keep it a secret, nobody is going to know about it and the government wouldn’t know.

You can avoid all these things making use of non-custodial wallets, but if you make use of custodial wallets like Coinbase, then you’re subject to regulation and the government knows your info. They are doing everything possible to be able to trace transactions, and I read there will be new rules to trace transactions to non-custodial wallets.

[South Park]

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 

And how exactly governments are going to take control of this market? If you are going to make such a gloom and doom prediction at least you should give an explanation of how that is going to happen, it seems to me that you do not understand what is at stake, the economic circumstances change and right now no one wants to keep their cash, keeping cash is dangerous because it is being printed at an alarming rate, which is why you see investors putting their money in anything they see because they don't want to keep that cash.

[ThijmenNL]

Be careful with what you say, of course you can think about Bitcoin this way. But I think there are a lot of ways how you can see Bitcoin and none of them are wrong. Some people see it as an investment while some other people really believe in the blockchain and the decentralized thing about Bitcoin. I think the goverment isn't really able to start fucking with your bitcoins unless you give them acces ; )

[JoBiLee]

Until recently, Bitcoin was trading at $ 40,000. Now it is 20 -25% cheaper. Plus high transaction costs, which don't allow to speculate with it properly. What do you think about fiat: will it disappear? If yes, then BTC gose to million dollars per 1. If not it may costs couple dollars

[AicecreaME]

Crypto is ruled soon by sec and goverment its not goodw

I've heard the same thing. It's like the story here in our town in where a man says judgment day is coming soon, so he spent all of his money since he can't bring it to his death, and guess what? he is homeless now and can't pay his debt. The point is, don't conclude too fast without any proof that'll support your claim.

And I find it hard to see that the Government will soon "rule" the decentralized cryptocurrency, Good luck to them though. Anyways, nice try on making an FUD.

[oemar bakrie]

My experience is that after I leave crypto and regrets will occur..
just like a spinning wheel, we will not know what the future of crypto will be ,and now the price of bitcoin is very high after 2 years I have been in the crypto division and regrets are proven..

[bitzizzix]

Don't take too long in crypto, it looks like these words come from those who have already suffered losses or who have been harmed by large amounts of crypto.
crypto is not wrong because we ourselves control it and profit and loss depends on our knowledge and expertise in the crypto world so in my opinion, just ignore what the OP says.
And in the country I live in, crypto is not prohibited by the government, it is just advised to be careful and not to be misused and cannot be used for any transaction unless exchanged for fiat.

[Janation]

How could you say that?

There is no way that the government could rule the market or the cryptocurrencies? The number one reason is that it is decentralized and unless you are using the exchange that the government made then that means they could actually control or rule your Bitcoin, another thing is banning Bitcoin but I don't think we should even think about it.

[Fredomago]

How could you say that?

There is no way that the government could rule the market or the cryptocurrencies? The number one reason is that it is decentralized and unless you are using the exchange that the government made then that means they could actually control or rule your Bitcoin, another thing is banning Bitcoin but I don't think we should even think about it.

We already seen how successful bitcoin / crypto was, thinking of such things is no longer that much priority. Just like what you have said not unless you are using centralized exchange which govern by the government, it's easy for them to block your account or freeze your assets. You just need to understand every factors that if the government have the authority before taking any moves.

If you foreseen any event where you may experience any problem better for you to move and skip the exchange.
You always have options not to go with centralized exchange.

[zanezane]

How could you say that?

There is no way that the government could rule the market or the cryptocurrencies? The number one reason is that it is decentralized and unless you are using the exchange that the government made then that means they could actually control or rule your Bitcoin, another thing is banning Bitcoin but I don't think we should even think about it.

They can't rule the market but they can rule the exchanges look at what is happening at exchanges in USA right now, everyone needs to comply with the government, messing up with government is a bad move for anyone because the government does everything at its disposal to obliterate its enemies especially individual ones, they crush them the best because they are the most helpless. Banning will not be a good thing I agree because it only makes things more difficult to control the people because they will always find a way.

[dmamigo]

How could you say that?

There is no way that the government could rule the market or the cryptocurrencies? The number one reason is that it is decentralized and unless you are using the exchange that the government made then that means they could actually control or rule your Bitcoin, another thing is banning Bitcoin but I don't think we should even think about it.

They can't rule the market but they can rule the exchanges look at what is happening at exchanges in USA right now, everyone needs to comply with the government, messing up with government is a bad move for anyone because the government does everything at its disposal to obliterate its enemies especially individual ones, they crush them the best because they are the most helpless. Banning will not be a good thing I agree because it only makes things more difficult to control the people because they will always find a way.

The government of every country has the power to do anything no matter if it is a decentralized currency. In our country usage & trading were completely banned before the higher courts ordered to allow the usage and trade.

And before anyone can say anything, let me bring this to attention, none of the exchanges are controlled or operated by the government in our country but the rules on which the exchanges are based is decided by the government officials who indirectly control everything.
Currently, I am hearing the tax could be increased which will obviously demoralize the users.

But regarding the Subject of this thread, I disagree because everyone has seen what it is and how this performs. Everyone has now heard about Bitcoin at least once as the media coverage was too big. And for the government fear I believe there are options on how you can safeguard your crypto even if it is banned or restricted to use.

Moreover, blockchain and crypto both are growing on a rapid phase. Recently, I read a logistics company has implemented blockchain to its operating structure, and soon they might end up implementing crypto to it.

[ene1980]

We have our own opinion on this matter. And seems that the OP is lost or something. Bitcoin, in particular, is more than a decade in the market. And now, he will say such thing not to stay long. Why? The foundation is going stronger each day. And now that more institutions are believing the capability of bitcoin, why stop now?

Everyone has their opinion and if the OP thinks that the price of bitcoin has a ceiling limit then it is his decision of choice to book his profit and everyone does that at one point in time to reap the profits. There is a point in statement, many governments around the globe are planning to implement some sort of regulation in the cryptocurrency market and if these regulation will deter the institutional investors then they might book their profits before those laws are implemented and that will take the market down.

[Janation]

How could you say that?

There is no way that the government could rule the market or the cryptocurrencies? The number one reason is that it is decentralized and unless you are using the exchange that the government made then that means they could actually control or rule your Bitcoin, another thing is banning Bitcoin but I don't think we should even think about it.

They can't rule the market but they can rule the exchanges look at what is happening at exchanges in USA right now, everyone needs to comply with the government, messing up with government is a bad move for anyone because the government does everything at its disposal to obliterate its enemies especially individual ones, they crush them the best because they are the most helpless. Banning will not be a good thing I agree because it only makes things more difficult to control the people because they will always find a way.

What are these compliances though?

In our country people are still needed KYC in order to use exchanges at their full capacity. I don't think that could actually control the market since that is just a requirement as a regulation of the government to the site or that exchange. Another thing is that most of the people with huge amounts of Bitcoin are not putting their Bitcoins into exchanges, the reason I don' think they can't control it.

[doctor877]

I thinking you are looking at it from the down side. Regulation will not overthrow Bitcoin and no government will come for your Crypto asset unless if you acquire then in a fraudulent way. Crypto gives freedom but your freedom needs to be guided.

[Question123]

Mind your own business , we are not leaving cryptocurrency because I don't care about what the government said or they are against in crypto. We earn money here in a good way so I will not leave cryptocurrency. If you want to cashout your coins now you may go and no one can stop you we do not need you because you are negative mindset about crypto we need a person being open minded to this industry.

[blckhawk]

Only people who don't have a good knowledge of cryptocurrency say don't stay in crypto too long. Or even people who have suffered significant
losses investing in crypto would say the same thing. Therefore, before deciding to invest in crypto, we must first learn how to analyze the market
properly, without good analysis, it is very likely that we will experience losses when investing in crypto.

Its not that they don't have knowledge about Crypto but rather we all have different opinions and point of views regard this. OP saw something that we might not have that is why he concluded that crypto has a limit. On the other hand, you and I are the people who believe that crypto was a future and we should respect everybody's point of view.
Regarding to OP's argument, yes has the ability to regulate crypto, like implying a KYC in every platform but pretty sure that there will be some platform they can't control for us to use like Decentalize exchanges and wallets, so we will be fine. I gotta say there will be always a way.