Cryptocurrency should be insured and supported by goverment

[Fullbear2222]

We Are in times when we should not tolerate that you can lose on financial markets.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
The govermnt should also provide support for markets and better liquity to help to pump prices up and with volatility.
The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.

[Davidvictorson]

If the government insures Bitcoin then you lose custody of it. It means you are giving up your freedom. Government insuring Bitcoin is equal to regulation and control do you want that? If you do then just go ahead, call your broker and buy some Bitcoin EFT from Black Rock. The government is like the "Devil" in the religious stories, he gives you security with his right hand and takes your freedom with his left hand.

FYI- Trump isn't going to do jack.

[Zlantann]

We Are in times when we should not tolerate that you can lose on financial markets.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.

Is it the government that told you to be a crypto trader? Crypto trading is a risky business and I am sure most people who engage in it know that they need to be careful. I don't also think that it is the responsibility of the government to insure a private business. Each trader should look for insurance companies that will protect them from losses.  

The govermnt should also provide support for markets and better liquity to help to pump prices up and with volatility.
The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.

The government will only fund what it owns or can control. Exchanges are used by private companies therefore cannot receive financing from the government. Maybe you are suggesting that the government should empower its citizens with USDT to enable them to engage in crypto trading. This could be a good project to assist people get an alternative source of income.

The trump will come to the power maybe he try to do this things.

Don't you think you are expecting too much from a politician? First Trump had not won the election, second he never said he would implement such policy and third even if he promises such which is unlikely he cannot trusted. Don't expect much from people to avoid disappointment.

[redsun114]

If the government insures Bitcoin then you lose custody of it. It means you are giving up your freedom. Government insuring Bitcoin is equal to regulation and control do you want that? If you do then just go ahead, call your broker and buy some Bitcoin EFT from Black Rock. The government is like the "Devil" in the religious stories, he gives you security with his right hand and takes your freedom with his left hand.

FYI- Trump isn't going to do jack.

We are now in the era of regulations, so people here are getting used to them. They can only gain an extra benefit if things like this happens for real.

If you do then just go ahead, call your broker and buy some Bitcoin EFT from Black Rock

So, is this really possible? Damn that's noise but only for them because I think I'm already happy and contented on acquiring BTC in a traditional way and even if I'm not insured, I can still have my freedom and I can assure to my self that I won't lose my coins easily because I'm not new in here anymore and I already know all the security measures that must be implemented as BTC user in order to protect my coins from the potential threats.

Governments still did something better to us without a catch, so I won't heavily attacked them.

[Faisal2202]

But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.

Yeah why now the government should give us some USDT monthly so we could start our journey in trading and most of the people will move into this industry especially the young. And then they will not build any other desire like doctors, engineers, pilots, agriculture, and other sectors of life. How will you complete the need of these specialists if everyone will be forced to asked to start trading I know its an option but do you think considering the current situation of the world where money has become an integral part of our life.

Peopl will leave the opportunity of getting free USDT that they could use in futures and you also want to give them the insurance of getting the funds back when you get rekt! Bro where do you live, in imagination world. This is not how things work. And do you even think from where the goernements will get those funds, they will imply tax on you even more in order to give you $5USDT they will charge $10 extra tax on you.

[yhiaali3]

What you say cannot be applied in reality, how can Binance futures and coins be insured? This is only possible if Binance and cryptocurrencies are owned by the government, which is completely unrealistic. Governments only legislate regulations and have nothing to do with trading or traders' losses.

Most governments do not recognize cryptocurrencies and constantly warn traders of losses due to price fluctuations. It is not the government’s job to provide support to the markets and liquidity. The government does not care about users’ losses, but rather it is interested in collecting taxes.

[Jegileman]

It looks as though you are just speculating on this and none of this can really happen in reality when you look into it again and again. The government can never be a friend to something they won’t have control over and when they come to a compromise about it, they must have getting something they want from that which will affect you for proposing such offers to them. Cryptocurrency should not be insured by the government because they’ll have control over your finances and would do everything in their power to make you suffer for it but in such a way that you’ll never see it coming until you’re in the game without going back again. Anything that has to do with the government having control over, just know that it is already compromised and you’ve lost to them.

[Gozie51]

The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.

This is not visible. Government won't do such protection. They can regulate it in various areas but not to create protection for traders. Afterall no body protects a gambler from losses.

The trump will come to the power maybe he try to do this things.

Most of what you have stated as the things government should do to encourage cryptocurrency may not be actualized with a government that is against cryptocurrency. Trump might not totally do all with exception of some like protecting traders from losses, how can that be possible when someone has by their own volition chosen to trade when they know the risk involved in it

[Renampun]

What you say cannot be applied in reality, how can Binance futures and coins be insured? This is only possible if Binance and cryptocurrencies are owned by the government, which is completely unrealistic. Governments only legislate regulations and have nothing to do with trading or traders' losses.

It would be good if the government implemented an exchange like a bank, without the required liquidity they cannot run an exchange business. Monitoring liquidity is important so that exchange owners don't manipulate the funds they hold.

Most governments do not recognize cryptocurrencies and constantly warn traders of losses due to price fluctuations. It is not the government’s job to provide support to the markets and liquidity. The government does not care about users’ losses, but rather it is interested in collecting taxes.

governments often consider traders like gamblers, they never care about traders' losses but only care about the tax money they can get from trading activities, and this is difficult for us to change, this has become the natural character of governments in almost all countries in the world.

[AmoreJaz]

The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.

This is not visible. Government won't do such protection. They can regulate it in various areas but not to create protection for traders. Afterall no body protects a gambler from losses.

The trump will come to the power maybe he try to do this things.

Most of what you have stated as the things government should do to encourage cryptocurrency may not be actualized with a government that is against cryptocurrency. Trump might not totally do all with exception of some like protecting traders from losses, how can that be possible when someone has by their own volition chosen to trade when they know the risk involved in it

Also, do take note that no one is forcing you to take this high risk market. So it is your responsibility to take care of your own business when it comes to crypto market. They can regulate crypto-related businesses but only to some extent. Now, insuring the traders, won't be a part of it. It is the same as forex traders, they are doing this activity at their own risk, so why would the government insured such activity?

[boyptc]

Then that's the lose of these companies.

If you can't take the heat, get out of the kitchen as they say. You're responsible for any trades that you do, not an insurance company or whatnot.

These insurance companies are also wise enough to understand that they won't do it for an individual that can be triggered and easily beaten by their emotion.

Compared to an exchange, they're a real deal, a business that they can insure with the proof of reserve that they have.

[Viscore]

If the government insures Bitcoin then you lose custody of it. It means you are giving up your freedom. Government insuring Bitcoin is equal to regulation and control do you want that? If you do then just go ahead, call your broker and buy some Bitcoin EFT from Black Rock. The government is like the "Devil" in the religious stories, he gives you security with his right hand and takes your freedom with his left hand.

FYI- Trump isn't going to do jack.

If time comes the government will come to support and regulate bitcoin, then it's like we end up giving up the decentralized nature of bitcoin and make the government take our freedom. Just imagine how Satoshi had made this come to happen despite of the government opposition, and now you just want to give it all to the government. You are imagining things that are out of context with bitcoin, so I really think it's not gonna happen in the future, although no one can be sure of it.

[EluguHcman]

I might be right or wrong if I have to say that I understood the OP and this is my way of understanding the thread...
Exchange which is centralized and has been much avenues of crypto enthusiasts loosing their foods due to the transparency of the  exchanges features couples with the fact that crypto asset owners are not fully in charge of their funds unlike the decentralized exchanges.

So it is very crucial for the wallets and crypto project developers to be reputable in minimizing risks of asset losts in its processes.

It is all about being integrified but OP, crypto currencies are decentralized digital developments which the governments does not have the controlling capacities up to having alignments directly with the cryptocurrencies or even to determine the crypto market price.

To me, where the government has a point which is actually limited is at the centralized exchanges because the centralized exchange is a consumption of associating trending transactions with the fiats which is in the control or the governments.

[Reatim]

We Are in times when we should not tolerate that you can lose on financial markets.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
The govermnt should also provide support for markets and better liquity to help to pump prices up and with volatility.
The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.

That seems highly unlikely, mate.

Why would the government support let alone fund something they do not like? A lot of governments are against the use of cryptocurrencies and go as far as banning it in their countries. They are not surely going to be protecting those who use it. If anything, they flush out those who use it and try to come up with silly stuff to get them to jail.

[NotATether]

Governments don't want to support crypto and to make that clear, they make their regulatory bodies tell all the crypto websites "You will invest in this product at your own risk, you might lose everything".

Yes, literally they make the websites right that. At least the FCA I mean. They make all the UK crypto exchanges carry such a notice.

The government is not interested in insuring crypto like banks are insured, because coins are creating market cap too quickly and the govs don't want to play catch-up with their budget.

[Ishicryptic]

The government is not interested in insuring crypto like banks are insured, because coins are creating market cap too quickly and the govs don't want to play catch-up with their budget.

Governments cannot insure cryptocurrency, they are too volatile therefore the risk will be too much, so it is better that they just regulate it and be on the safe side. Remember that there are too many scam projects in the crypto market, so I very much doubt that any government will want to put their money in businesses that can vanish as quickly as it started. Governments can not even insure a reputable crypto like Bitcoin that has proven that it is a store of value because it is decentralized and they can not have control over it.

 Banks are different from cryptocurrency and exchanges, they deal in fiat that are owned by governments and have central banks that are government establishments, so that makes Banks government's concerns therefore can be insured by them.

[Peanutswar]

Recently number of countries that support the use of bitcoin increased even though its not fully supported but they at least support the use of this feature into their shops like having a mode of payment to the stores, using for transaction for being convenience etc. We cannot push other countries because they want to have are conservative possible new innovations such as bitcoin also they want to make sure there are no third-party transactions that will operate in their country without prior regulations or licenses to prevent hidden transactions but if they see the benefit of the cryptocurrency possible there's a chance sooner or later they will support the use of the crypto.

[Dr.Bitcoin_Strange]

Cryptocurrency is a volatile asset, and in my opinion, there is no need for the government to insure cryptocurrency. Take, for example, Bitcoin, a decentralized asset whose volatility is affected by natural factors that have always caused the price to be unstable. Bitcoin is not pegged to any real-world asset, so the government cannot have full control over its price and cannot insure it. So, it is applicable to every altcoin. Well, the government cannot insure those coins and tokens because their price cannot be regulated since they're not pegged to any real-world asset. Anyone who is investing in altcoins should be aware of the volatile nature of Bitcoin and should agree if they can bear the risk or not. 

[Zanab247]

If the government start supporting BTC and crypto traders with money, do you think you will be making profits like the way you are making profits from BTC and crypto trading, because they will use tax to frustrate the traders from BTC and crypto trading.

I don't think government will support what they cannot control, because they fully know that they don't have power to control decentralized currency and if they support decentralized currency traders in their countries, it will not make their leaders to benefit from the support but their citizens will benefit from it, which is the reason you see some government don't want to hear anything about BTC and crypto.

I like the way government is not taxing the BTC and crypto traders in the country, anything you make from your BTC trading belong to you and it will help you to buy BTC when the bear run occur again.

[TheUltraElite]

This is way far-fetched to think of. Governments dont support cryptocurrencies - reversing that is the first step, only then we can think of them appointing a body to oversee the insurance of the investors.

For now you have to keep your coins and investments safe, make proper wallet recovery mechanisms, keep your devices safe and keep track of the coins you have on websites.

Governments want to tax everyone, if they are able to do that on crypto, maybe in future they will fund exchanges and be more lenient about crypto.