The future of crypto

[Cling18]

I don't think other countries would do the same thing because we all know that Bitcoin is too beneficial in the economy. Most countries are actually embracing it and I do not doubt that more adoptions would happen in the future. China on the other hand has banned Bitcoin mining because they would prefer to use their own currency which they could have their full control.

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[ipanks]

China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?

China has banned crypto for many days. How much of an impact has it had on crypto so far? But yes, if many countries in the world ban crypto at the same time, it will definitely have a negative impact. I don't think it will happen because the world is now taking advantage of cryptocurrency.

I do not think the country that prohibits or ban crypto will increase as we already saw those countries accept crypto, especially bitcoin. China can ban bitcoin or crypto for an unknown time but it will not stop bitcoin from reaching more people from other countries. Later on, maybe China will regret banning bitcoin and not allowing their people to mining bitcoin or using bitcoin. China will see the advantage of bitcoin to help many people out there and China will start to accept bitcoin again.

[Renampun]

China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?

China never invented anything, they just imitated it...

crypto growth continues to increase from year to year, of course many countries will not be left behind with this trend. CBDCs will definitely continue to appear but they are not following China's lead. The CBDC that will be carried out by many countries in the future is definitely only to attract crypto enthusiasts.

[raes]

although the news of the ban on crypto in China has spread widely in many countries but the evidence is that there is no similar action from other countries, and I think the future of crypto is still very good

in the crypto world there is a drama that usually repeats itself. Like China, which I have observed, bad news makes altcoins go down. In 2017 the Chinese state made news that bitcoin was illegal which China banned and caused the market to go down significantly. and in 2021 they make another drama it's the same thing. I'm sure that after this bad news is over, the future of crypto will improve again

How come the news made by China always has an impact on the crypto market?
The panic could happen because in China there are many crypto trading holders and players. the case of crypto mining is one of them. That's what makes the market a surprising move.
I believe this is related to the large crypto asset holdings in China. they panic about their government regulation.
otherwise, how can regulations for China affect the crypto market so strongly? this is really a drama.

[Pelana vreo]

-snip-

happen if other countries later follow the same steps? Will this put crypto in trouble?

There is nothing to worry about this, every country can make stable coins and they can't prohibit someone from owning Bitcoin and altcoins, in the country I live payment transactions using crypto are prohibited, but there is no prohibition for investment, we can wait for some other good news like countries El Salvador and I hope that when many countries create systems like China, then they will definitely buy Bitcoin as a digital asset that is very valuable for global economic competition.

[pealr12]

Yes if all other countries at once come together to ban crypto this could affect crypto greatly but I don't see this as a possibility, there is no such hostility towards crypto that will result to such drastic measures, even though some countries are not friendly towards crypto but didn't impose harsh laws in crypto either, i think the future of crypto is bright base on all the institutions joining crypto.

[Kunnu]

China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?

I don't think other countries will do the same what China did to ban Bitcoin mining, presently we have a fresh example in the form of El Salvador as we know the government of El Salvador has legalized Bitcoin after understanding its potentials and this is going to leave a positive impact on other countries hopefully we may see some more cryptocurrency adoption in further time by various countries.

[ILuckyGuyI]

I don't understand the relation between banning crypto miners and the development of future tech. Crypto miners were using graphic cards and consuming a lot of electric energy. But it wasn't like a hindrance for future tech to be developed. I think the reason why China is ahead is different than this.

[aquafinewater]

 Now Cryptocurrency become  most of the  popular in overall word Because Crypto playing a vitel rule in many thing like transection and more In other countries Crypto payment are also accepted And in future I hope many companies and industries start to getting payment in Crypto so there is no dout that the crypto have a great future 

[so98nn]

China who?
Why would world follow them if they are literally against them? With the COVID effects many industries have started moving out of the China and shifting to nearby giant country like India and some part of Europe. Whether it’s Apple, or pharmaceutics company they are constantly moving their base to new location due to China’s furious financial bills.

Remember, banning crypto is china’s big mistake because with modern world comes modern techs and China will fail in providing that if they don’t accept bitcoin.

[imstillthebest]

was it japan is the country that is leading when it comes to techonology ? also singapore too but china can be squeeze in this list .
if china bans btc it does not mean that others will follow too because they think it was a cool trend .
 other countries can properly make use of cryptos , it can benefit them but banning crypto mining will only affect the operation of crypto in thier country .

[tabas]

I don't understand the relation between banning crypto miners and the development of future tech. Crypto miners were using graphic cards and consuming a lot of electric energy. But it wasn't like a hindrance for future tech to be developed. I think the reason why China is ahead is different than this.

But there's a reason why China has been doing that. They might ban anything that they want that intervenes with the government's interest. Some reason that we've seen is just all about the electricity consumption and temporary bans have been done for its solution. But as for China, they're banning mining but they are also one of the biggest source for the equipment that's being used for mining, manufacturers are found there and companies that's related to the supply of it. We cannot really depict what China is playing.

[G-Money7777]

Future of crypto is Privacy Protocol tokens.

Monero for transactions, Opacity for Storage, Waves for DEX

[RussianEnglishTranslation]

To start, I would say that China historically has been a nation that succeeded based of the intellectual property theft. They are not known for being innovators. The Chinese government is pushing blockchain technology because it allows them to better track and control their citizens because they know that whenever the economy goes bad in China, the government loses control. Russians have the world's best programmers and that's a known fact and that's why I have invested in the Russian projects NEAR and Universa.

[guydin]

China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?

Personally I don’t think that all countries are likely to forbid crypto. It happens in China because of their political structure . The government wants to control people, but crypto is unregulated so they can’t let it develop. They are trying to replace cryptocurrencies by creating digital yuan, but it is not the same as ordinary crypto as  they will still be regulated by the government. Authorities can't accept such a strong economic rival, so they restrict everything that is connected with crypto. But some countries, on the contrary, want crypto to develop, for example, Salvador that accepts it as a national currency.

[Bitcoin Seller]

Now these days Crypto market  become most important day by day because if I see previous history crypto not have any value but now crypto have great value and in future become more successfull

What value of crypto are you talking about? But it is a more philosophical question,as on the one hand, we can consider everything to be valuable if people want to buy it. Like gold wouldn’t be valuable if people didn’t want to pay money for it. Everything is very  comparatively. So we should change our conscience and accept crypro as something really valuable as we pay money for it.

[Devifajarina]

China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?

Yes, it's true what you said, China is preparing CBDC to be an option in the future, that's why they banned crypto mining, because if crypto mining continues, CBDC will be less and less wanted.

I don't think it will have much influence if other countries also follow in their footsteps, early emerging cryptos neither of them gave room to develop, but the period was passed well by crypto itself.

This means that crypto can grow and develop by itself,
Not so influential in my view, if other countries also follow China's lead, and that has been proven by crypto.

[Ararbermas]

China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?

its possible to happen that some of the country will follow the steps of china in the future. But they all cannot take over most of trusted crypto currency in the market, what i mean they will remain as is in the future and those new digital currency that made from other countries itself will turn to be altcoins in the market in my opinion.. Indeed China is one of the main reason why market always struggle, so that's the disadvantage that most of the people who used to invest in such things will be scared to rely in it.. Indeed no one can control bitcoin and othet crypto currency in the market so that's the advantages and reason people will still used cryptocurrency rather than country digital currency.

[NewRanger]

I think the future of crypto will be fine and we don't have to worry about that because this is a long investment, even though there are many prohibitions in several countries in China, for example, many miners are banned in some areas in China against miners. the crypto world, and today we can see for ourselves that currently bitcoin is still fine and is not affected by anything, it must be banned in various countries, especially in China

No need to worry about China banning, they did it for several times and failed to make cryptocurrency especially bitcoin dying. honestly i am very glad when alot miners moved from CHina , we will see true decentralized market and China will not dominate again and could do FUD as they want.

For me, the future of bitcoin will be great and successful and as usual for every success, there will be hate and bashers that will try to take it down but I dont think that it will happen, bitcoin and cryptocurrency already brought so many good things to many countries so dont worry about those who will try to make it down.

it wil have greater future than before , no one could controll cryptocurrency even that super power country like CHina . since bitcoin launched  day by day we see adoption in several place , alot people attracted with technology.

[michellee]

I think the future of crypto will be fine and we don't have to worry about that because this is a long investment, even though there are many prohibitions in several countries in China, for example, many miners are banned in some areas in China against miners. the crypto world, and today we can see for ourselves that currently bitcoin is still fine and is not affected by anything, it must be banned in various countries, especially in China

No need to worry about China banning, they did it for several times and failed to make cryptocurrency especially bitcoin dying. honestly i am very glad when alot miners moved from CHina , we will see true decentralized market and China will not dominate again and could do FUD as they want.

For me, the future of bitcoin will be great and successful and as usual for every success, there will be hate and bashers that will try to take it down but I dont think that it will happen, bitcoin and cryptocurrency already brought so many good things to many countries so dont worry about those who will try to make it down.

it wil have greater future than before , no one could controll cryptocurrency even that super power country like CHina . since bitcoin launched  day by day we see adoption in several place , alot people attracted with technology.

Yes, it is. Whether China still banning and even prohibiting its people from mining bitcoin will not stop bitcoin from growing because many countries still support bitcoin. China will regret that and I think China has a secret plan for bitcoin. Maybe the China government wants to mine bitcoin for themselves and not allowing their people to benefit from bitcoin. It gives the other miners a chance to mine bitcoin and they will use that for their own benefit.