Dont stay in crypto too long

[Skieleton]

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 

This topic is discussed twice a year on average. Since the time when cryptocurrencies are important in the market. True, governments will want as much control as possible, but it's not that simple. This is not ordinary cash.

In my opinion, it is more and more worth investing mainly in BTC.

[CarnagexD]

A newbie's interpretation of the current stature of the market indeed. There's no way bitcoin can be controlled by a single government for that matter. First off, it is decentralized. Secondly, it is made to be anonymous, even regulating it proves to be a herculean task for some countries. So the chances of the government being able to tap into bitcoin or any cryptocurrencies' power for that matter is basically zero.

Unfortunately I experienced this badly. Do not think that I will earn when I stay for a long time. I thought that and lost a lot of money. When the coin rises, sell it.

Thing about cryptocurrencies is that you have to choose the best one, and in the vast sea of coins currently popping in and out on the market, it could be difficult. But there are well established coins out there like bitcoin that could continuously make you money provided that you have the patience it takes. 

[Lorence.xD]

A newbie's interpretation of the current stature of the market indeed. There's no way bitcoin can be controlled by a single government for that matter. First off, it is decentralized. Secondly, it is made to be anonymous, even regulating it proves to be a herculean task for some countries. So the chances of the government being able to tap into bitcoin or any cryptocurrencies' power for that matter is basically zero.  

The government doesn't need to control every aspect of bitcoin/cryptocurrency to control it, they can just control one part and focus their efforts on making sure that people are going to be learning a lot of the negative side of bitcoin/cryptocurrency. It is indeed a herculean task but we know that if the country is powerful enough, they can do it. USA can interfere with the politics of other countries, I am sure that controlling bitcoin is an easy task for them.

Thing about cryptocurrencies is that you have to choose the best one, and in the vast sea of coins currently popping in and out on the market, it could be difficult. But there are well established coins out there like bitcoin that could continuously make you money provided that you have the patience it takes. 

I agree, with a lot of cryptocurrency/bitcoin wannabes out there trying to have your attention, you have to be smart about it. Sticking with established won't get you big profits as they are already established which is why I like to advice that sometimes investing in risky new cryptocurrency is helpful as they are really affordable and they might go up in prices.

[boyptc]

Cash is past and we heading towards cashless society crypto or not

Not yet the past. Cash is co existing with cashless methods such as crypto, debit/credit cards, wire transfers and other methods.

In my opinion, it is more and more worth investing mainly in BTC.

It is worth it.

People that tells you that it's not worth it or wants you to stop investing in bitcoin, they are looking for other people to be with them in frustration.

[yohananaomi]

You should think of one thing, the blockchain and bitcoin is the future. The current system is driven by the infaltion. So why should I have my money digitally in a bank somewhere when I can have it digitally in a wallet that only I have at my disposal and know: there is no inflation, bitcoin has a limit. Bitcoin can only develop in terms of price. The coins will all be mined in +100 years, but the limit is already fixed.

still people who think about what will happen to bitcoin even though he often knows that bitcoin is the future that already exists today. It is true that where people don't need to think too complicatedly because it is enough only with digital there is enough in the wallet, so whenever we will use it and we don't need to be difficult transactions.

Bitcoin has the advantage that it is a contemporary investment that can grow at any time and is not fixed like a bank that is determined in a certain amount. the longer we hold it, then at any time we can know the increase that has occurred and the possibility of a decrease will still exist but it will return to an increase. so many are using it for future investment.

[wack slacker]

Governments have looked at Bitcoin and are eager to manipulate them, but there is nothing they can do when Bitcoin's algorithm cannot be hacked. They can only energize Bitcoin and please the community. Let's see how economists or bankers have denied Bitcoin and cryptocurrencies in the past. Bitcoin and cryptocurrencies are truly the future of modern money and the economy.

The currency and the internet have combined great, and as a result Bitcoin, crypto. We need to recognize that this is an evolution of the economic form. That is inevitable in any society.

[DarkDays]

You should think of one thing, the blockchain and bitcoin is the future. The current system is driven by the infaltion. So why should I have my money digitally in a bank somewhere when I can have it digitally in a wallet that only I have at my disposal and know: there is no inflation, bitcoin has a limit. Bitcoin can only develop in terms of price. The coins will all be mined in +100 years, but the limit is already fixed.

I agree. Digital currency and crypto is the future of money. There is no point getting out of something that is so early in making. Only people who completely don't understand what crypto is about could say such a thing. Crypto is evolving, it is getting bigger and more competitive. Yes, there's volatility around it but you don't have to keep your capital in volatile coins...

[MinoRaiola]

You should think of one thing, the blockchain and bitcoin is the future. The current system is driven by the infaltion. So why should I have my money digitally in a bank somewhere when I can have it digitally in a wallet that only I have at my disposal and know: there is no inflation, bitcoin has a limit. Bitcoin can only develop in terms of price. The coins will all be mined in +100 years, but the limit is already fixed.

I agree. Digital currency and crypto is the future of money. There is no point getting out of something that is so early in making. Only people who completely don't understand what crypto is about could say such a thing. Crypto is evolving, it is getting bigger and more competitive. Yes, there's volatility around it but you don't have to keep your capital in volatile coins...

The technology behind Bitcoin is the future and has opened up many uses. But there are properties that make it difficult to use on a day-to-day basis as a substitute for fiat currencies: the high volatility. For an investor looking for a currency to store value, they will be satisfied with a stablecoin. Over the years it will also come from the state, I'm sure of that. When a currency such as Bitcoin and Co. fluctuates so strongly within a few hours, it is difficult to use it as a means of payment. Although I think that Bitcoin is not suitable as a means of payment. Especially because of the 10 minutes per block.

Stablecoins can offer a solution to this problem. I think you're right.

[taufik123]

The technology behind Bitcoin is the future and has opened up many uses. But there are properties that make it difficult to use on a day-to-day basis as a substitute for fiat currencies: the high volatility. For an investor looking for a currency to store value, they will be satisfied with a stablecoin. Over the years it will also come from the state, I'm sure of that. When a currency such as Bitcoin and Co. fluctuates so strongly within a few hours, it is difficult to use it as a means of payment. Although I think that Bitcoin is not suitable as a means of payment. Especially because of the 10 minutes per block.

Stablecoins can offer a solution to this problem. I think you're right.

Stablecoins are indeed very suitable for use as a store of value with fluctuations that are not as extreme as bitcoin, because stablecoins are based on the price of USD.
To save the value of Bitcoin is not recommended, because it has high votality and the risk of losing value is greater. Bitcoin is mostly used as a speculative asset. Bitcoin is also not a "safe haven" asset.

[kooboat]

To run from crypto,  is like running from digitization  in this modern era. The  world  is driven my latest technology  and new ways of doing things.  In the near future, we are likely  to see full scale adoption  of crypto  especially  bitcoin  across the globe, irrespective  of governmental policies.

[panganib999]

To run from crypto,  is like running from digitization  in this modern era. The  world  is driven my latest technology  and new ways of doing things.  In the near future, we are likely  to see full scale adoption  of crypto  especially  bitcoin  across the globe, irrespective  of governmental policies.

That's for sure, there's a lot of trials and some people doubt about bitcoin in the past but bitcoin survive, because we made it possible. Bitcoin is created for us, we dictate its future and if its people who adopt and use bitcoin, I don't think the government would still make it illegal knowing the fact that government is people, soon, it will be more regulated, that's it.

Actually bitcoin is the one who overcome it. Bitcoin have been in a lot of trials. Many people didn't believe of it because they say that whenever they hear about it, is thry think of the word SCAM. Bitcoin ain't scam if they just really know the things all about it and the basic knowledge of it. They didn't pursue or try in the beginning or in early and now most of the people having doubt about bitcoin is regretting their decision. People always tend not to trust to the things that might not true but always believe and eant faster growth. Bitcoin is very risky and I understand why they didn't want to invest on it at first. But the idea of not staying in crypto for long time is a very suitable idea and helpful.

[Arrrvin]

Stablecoins are indeed very suitable for use as a store of value with fluctuations that are not as extreme as bitcoin, because stablecoins are based on the price of USD.
To save the value of Bitcoin is not recommended, because it has high votality and the risk of losing value is greater. Bitcoin is mostly used as a speculative asset. Bitcoin is also not a "safe haven" asset.

The USD may become less stable than people think. Almost 1/5 of all USD in ciculation has been printed alone in 2020. I don't know how much is printed at present but the USD may very well head for a hyper inflation. To be honest in this time period of crisis my trust in Bitcoin as a store of value is greater than in the USD. At least don't put all your assets in USD stable coins.

[Bilgent]

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  

Actually I don't invest all my savings into cryptocurrencies. But I like allocating some amount of my money for especially Bitcoin to be able to make a good profit in the long run. I know that not many governments really like Bitcoin or other cryptos but it shouldn't make the people worried about it. Because these are decentralized money and governments can't destroy the whole cryptocurrency market or Bitcoin.

[Spack17]

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 

Some governments already started imposing a tax on cryptocurrency earnings and there are more on the way. If I'm not wrong, they can't interfere with it if you don't convert your crypto to the currency of your country and you make your transactions with crypto only. I'll still go on keeping my crypto investments even if my country regulates the cryptocurrencies also.

[online73]

I agree that one does not need to stay in the crypto for too long, only for those considerations that we all came here to earn money, and in order to feel that we have achieved our goal, it is necessary, at least partially, to fix our profit. Regarding the part of the deposit that is in Bitcoin, I am generally against selling even the smallest part, except for those cases when you are sure that there is a possibility that after a short time, buy Bitcoin cheaper. Cases when you should be afraid of the authorities that they will take your cryptocurrency are completely out of the question, unless you give them everything yourself.

[Natsuu]

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 

Some governments already started imposing a tax on cryptocurrency earnings and there are more on the way. If I'm not wrong, they can't interfere with it if you don't convert your crypto to the currency of your country and you make your transactions with crypto only. I'll still go on keeping my crypto investments even if my country regulates the cryptocurrencies also.

I think that even before, many countries, crypto transactions are being taxed, under different tax laws. It is just that there are now specific tax laws that is suited for cryptocurrency.

I can't remember the tax law crypto belonged before, but I really think there is.

[galestorm]

It is possible that at some point crypto would somehow be regulated by the government "if" crypto reaches mass adaption, to the point where Fiat money becomes useless. But i dont see it happening anytime soon, it would take several years before that happens, for now i'm not quitting crypto just because of this speculation. It's too early to say this kinds of stuff. Yes, the government is taking notice of cryptocurrency, but with the minority of its users I dont see any kind of action that the government is starting to "control" crypto.

[nak02]

Well in the future it will be but i'm rich already for that "just saying"

I must say that some other countries are restricted and many laws about crypto and some other are don't know about that just like my country, government don't taking seriously about this but they are aware of scamz about bitcoins in our country and some apps that we usually use for transacting crypto are adapting now and i think government will be notice about this.

[Ewox]

I think the government and SEC will access your cryptocurrencies if you allow them too. It is meant for it to be decentralized and not run by the government nor the banks. But there is a possibility one of these cryptocurrencies might soon be regulated by the SEC and could be run by them too, but I’m pretty sure it wouldn’t be Bitcoin.

[Peanutswar]

The government does not have any kind of ability to handle your bitcoin unless they forcibly get those to you by just getting your wallet or the bitcoin itself. I think OP has a bad experience with the cryptocurrency you can hold as much as you can as long your country supporting the use of the cryptocurrency.
Only capable people handle the cryptocurrency volatility if you can't it's better to don't try it again it's the battle against the mentally to hold or to sell.

The government only have the right to tell it does the particular coin doing a scam or people are doing a scam and promote themselves.