The future of crypto

[MIner1448]

I am sure that the decision of the Chinese authorities to ban the mining of bitcoins is aimed at increasing the risks of losing the crypto-yuan in demand for their coin, because no one will ever be able to control bitcoin, especially since in China there has always been a policy aimed at increasing its assets or the country's resources, for example, development cryptoyuan. Who knows, maybe in some time we will see a rival to bitcoin in the person of the crypto-yuan.

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[5thFear]

One needs not to worry about cryptocurrencies. It the next stage of evolution in the financial world. So no matter what any country or person think and does to damage crypto industry, it won't make a big impact. Crypto will keep growing,.

[Teknisi88]

if not China, then there are a number of other countries that will only be happy to take a leading position in bitcoin, it’s only a matter of time. Just remember how long this story with the confrontation of miners against the government, the result is always the same, bitcoin is not in danger.

Yes that's right.
China is indeed at the forefront of bitcoin, but it feels strange because the Chinese Government still restricts trading and mining of crypto assets.

[Macadonian]

The future is crypto and no country will stop that from happening the government are trying to bring in a bill which would require anyone providing a service for cryptocurrencies would need to require KYC to use their service which would apply to nodes to. If this bill passes it will be one of the biggest obstacles Bitcoin and cryptocurrencies have faced and if we can over come that the future is crypto.

[lablab03]

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?

nothing will change IMO, coz alot of investors wants to be anonymous when it comes investing and etc, so they will still choose crypto currency than investing through currency from the country itself coz we don't know yet what will be the rules that will occurred in it. As the matter of fact crypto is still more convenient and profitable coz it's wolrd wide unlike those currency that soon will emerge in other countries which probably has a limitation and rules for each holders..

[aylabadia05]

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?

It could put Crypto in trouble if all other countries followed China. However, I see from a different point of view, that the Chinese state is actually very interested in the sophistication that exists in cryptocurrencies, but they also have to maintain CBDC.

[bastian466]

Bad news always comes from this country from the past until now, surely every time something like this happens after the price reaches a new record. it's kind of a trick to lower the price.they used to ban bitcoin, now they ban mining I'm not weird with this kind of thing, actually crypto still exists today

[mamesso]

It could put Crypto in trouble if all other countries followed China. However, I see from a different point of view, that the Chinese state is actually very interested in the sophistication that exists in cryptocurrencies, but they also have to maintain CBDC.

I thought that would not happen, very many countries welcome the presence of Crypto in their country except china, such as Japan and United States, there are even countries that legalize crypto as a mean of payment. For this reason very many large investors both companies and individual who put their funds in crypto, For example, the Tesla company will make crypto a legal tender for Tesla electric car.

[Rocky993]

Crypto and the whole cryptomarket, which has no control over itself and cannot be controlled in any way by anything or anyone else.  So the market under their control does not go out of their control as crypto comes in any way.  So they are trying to control before they get out of control.

[wallet4bitcoin]

I believe in crypto. And I also believe I can't ignore crypto, Even if it banned on my County. Crypto is one of the best way to make payment more digitalized. And, at this time many big company start investing in crypto. It’s a strong plus point for cryptocurrency. And I believe future of cryptocurrency is bright.

[osasshem]

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?

The use of crypto currency round the whole world has become unstoppable, and that is making it invincible to the rules of borders made by countries. Crypto currency or Bitcoin which is the number one, being banned by the China government gave a little effect to the price, but that is not able to stop the use worldwide, though, it might reduce the genuie use and give a negative rise in the increase of fraud within the country. Other countries following this step will only affect in the price which might take time to get back to its current price state, but will definitely get back.
Before now, the use of bitcoin was mainly on the internet, and it grow with popularity and now it has physical stores and outlets which operate with crypto currency.
If the use of bitcoin is regulated by the government, though it will kill its unique feature which bitcoin was made of, but that will not be enough reason to end the use of crypto currency.

[tanjiran]

I am sure that the decision of the Chinese authorities to ban the mining of bitcoins is aimed at increasing the risks of losing the crypto-yuan in demand for their coin, because no one will ever be able to control bitcoin, especially since in China there has always been a policy aimed at increasing its assets or the country's resources, for example, development cryptoyuan. Who knows, maybe in some time we will see a rival to bitcoin in the person of the crypto-yuan.

indeed many countries limit the use of btc because it cannot be fully controlled by the government. the solution is indeed to issue their own crypto currency, which they can fully control and supervise. as did Miami city which issued Miamicoin, a token that could allow its users to invest in the city in infrastructure and project funding. This is a good signal, if it proves to be effective, this trend will surely be followed by other cities and even countries. so a future with wider adoption could increase the chances of crypto success in the future.

[Macadonian]

China really wants everything to run in its own country and must have its own market that's why they are very strong in trading and the CBDC itself is also inspired by blockchain technology, currently there are several countries that have held CBDC demos that will be implemented in their countries, will crypto be able to do it later? into CBDC?

What does CBDC mean? China are dictators and want everything to be controlled by their government and many companies in China are under the infulence of Chinese officials.

[Bitcoinjheta]

China really wants everything to run in its own country and must have its own market that's why they are very strong in trading and the CBDC itself is also inspired by blockchain technology, currently there are several countries that have held CBDC demos that will be implemented in their countries, will crypto be able to do it later? into CBDC?

What does CBDC mean? China are dictators and want everything to be controlled by their government and many companies in China are under the infulence of Chinese officials.

indeed, China is a very strick country when taxation is concern and the aims of cryptocurrency is eliminating the middle man on the transaction. This is why the reason they crackdown all mining rigs in their country to stop running.

[TomArayaSlaya]

Nobody can ever ban crypto completely digital money will one day replace fiat that's for sure but I really doubt that it will happen that soon I will take some time for that to happen For now I think the sector will just continue to grow and mature on the way

[aylabadia05]

It could put Crypto in trouble if all other countries followed China. However, I see from a different point of view, that the Chinese state is actually very interested in the sophistication that exists in cryptocurrencies, but they also have to maintain CBDC.

I thought that would not happen, very many countries welcome the presence of Crypto in their country except china, such as Japan and United States, there are even countries that legalize crypto as a mean of payment. For this reason very many large investors both companies and individual who put their funds in crypto, For example, the Tesla company will make crypto a legal tender for Tesla electric car.

I also hope like you that it doesn't happen, because for me, crypto is very useful and of course for people who understand how crypto activities are in the process of financial transactions.
If China sticks to its principles, I think that's their right.

[noah tall]

if that happens then the crypto market will be in danger, but I don't think that other countries will ban crypto. Because now it is the technical era so Crypto is a digital currency many people are using for making a good annual income.

[junkerr]

if that happens then the crypto market will be in danger, but I don't think that other countries will ban crypto. Because now it is the technical era so Crypto is a digital currency many people are using for making a good annual income.

more and more good news regarding crypto and bitcoin.
other countries I'm sure would consider taking advantage of bitcoin and its technology development rather than banning it.
those who ban it for fear of the ill effects of crypto and bitcoin. they don't see how potential bitcoin and other crypto assets have.

[Questat]

I am sure that the decision of the Chinese authorities to ban the mining of bitcoins is aimed at increasing the risks of losing the crypto-yuan in demand for their coin, because no one will ever be able to control bitcoin, especially since in China there has always been a policy aimed at increasing its assets or the country's resources, for example, development cryptoyuan. Who knows, maybe in some time we will see a rival to bitcoin in the person of the crypto-yuan.

indeed many countries limit the use of btc because it cannot be fully controlled by the government. the solution is indeed to issue their own crypto currency, which they can fully control and supervise. as did Miami city which issued Miamicoin, a token that could allow its users to invest in the city in infrastructure and project funding. This is a good signal, if it proves to be effective, this trend will surely be followed by other cities and even countries. so a future with wider adoption could increase the chances of crypto success in the future.

Only it works when there is support from the community. We have moved to digitalization and some countries are also creating their own digital currency but why do most of them just fail? It was because their people aren't convinced of their intention. They want freedom and free from corruption and market manipulation that is why they stay on Bitcoin.

It was good to what happens to Miamicoin but somehow I feel this will never last long.

[Kusman]

Banning crypto mining is not the certain solution for putting crypto into big trouble. This may just affect the prices of cryptocurrencies, nothing more than that. And besides, I don't think that all of the governments would like to ban crypto mining. Because this activity has advantages for a country also.