Blue Panda
Power Member
- Jul 18, 2020
- 644
- 692
Dont need to panic. China banned crypto 5+ times already. Nothing is going to kill bitcoin.
BREAKING: Biden to issue Bitcoin executive order
- Thread starter bartosimpsonio
- Start date
Myst3ry
Elite Member
- Jul 6, 2013
- 1,533
- 1,400
What did you think it will happen anyway? Did you think it wouldn't be always regulated?
The money-making thing with the crypto was a bait to be introduced to the people in a good way and as fast as possible.
As the world advances and everything is digital now, the finances will be digital only. That way, it can be heavy controlled.
And as always, it's introduced as something revolutionary, which it is but only until it became corrupted.
Just like with the fiat money and the federal reserve(private company) printing money since 1913.
As if crypto was something totally random that happened in the world.
The money-making thing with the crypto was a bait to be introduced to the people in a good way and as fast as possible.
As the world advances and everything is digital now, the finances will be digital only. That way, it can be heavy controlled.
And as always, it's introduced as something revolutionary, which it is but only until it became corrupted.
Just like with the fiat money and the federal reserve(private company) printing money since 1913.
As if crypto was something totally random that happened in the world.
Blue Panda
Power Member
- Jul 18, 2020
- 644
- 692
And we know most countrys work on crypto money.
EU for example works on a digital euro (crypto). Other countrys too.
moonshine7000
Elite Member
- Mar 4, 2013
- 4,375
- 4,005
I come from 'third world' country bank regulations is stopping me from acquiring crypto through the normal channels.No government will stop me from acquiring the riches I rightfully deserve.Screw them.I know what it feels to be poor.
- Nov 3, 2017
- 2,796
- 2,516
I lived in poor country, which is now not so poor, and we have way more regulations (part of the EU). Ill take the regulations any day over the chaos and anarchy that we had back n the 90s. Also ban is not regulation, its a ban - different thing.
Crypto is decentralized, so it can't be controlled by any government.
The only thing they could maybe affect is the trading of fiat for crypto.
However, since companies and individuals already have to report to the government on what they do with their fiat, the only thing this could logically affect is large scale purchases, as far as I can tell.
You could always buy foreign fiat, and purchase crypto through alternative means, so I don't really see need to get excited, quite yet.
The only thing they could maybe affect is the trading of fiat for crypto.
However, since companies and individuals already have to report to the government on what they do with their fiat, the only thing this could logically affect is large scale purchases, as far as I can tell.
You could always buy foreign fiat, and purchase crypto through alternative means, so I don't really see need to get excited, quite yet.
CyberHour
Elite Member
- Apr 3, 2016
- 1,705
- 932
As a Bitcoin holder you need just ONE crypto friendly country and free time to travel
Bitcoin cannot be stopped.
- Jun 16, 2020
- 3,402
- 3,359
- Jun 16, 2020
- 3,402
- 3,359
Remember this 3 years ago. Cannot be any worse. Things have evolved with defi, NFTs and more....
CyberHour
Elite Member
- Apr 3, 2016
- 1,705
- 932
Even the short run is very bullish.
There are not enough bitcoin for sell.
What will happen when sleepy Biden regulate Bitcoin ? => USA officially recognizes Bitcoin as the Worlds Best Investment and Store of Value asset.
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Let's wait n watch
There will always be a country willing to step up and defy the USA.
Think back to the countries who wouldn't accept the $ as the recognised currency when trading oil, many years back such as Libya, Iran etc.
- Jun 16, 2020
- 3,402
- 3,359
Yes think 70% of countries would openly support crypto against $$ and the rest will do it sneakily
- Jun 16, 2020
- 3,402
- 3,359
It's just about they make it official they cannot stop BTC any more
lotsofmoney
Elite Member
- Aug 31, 2021
- 3,898
- 1,139
So when exactly is this going to be implemented?
seomaster5
Elite Member
- Oct 31, 2021
- 5,161
- 1,482
If they ban it, it will be end of crypto. But they will not let this happen as USA has a number of investors.