Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Delgboke on November 07, 2021, 06:53:11 AM
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It was difficult for people in the world to accept the fate of Bitcoin and Cryptocurrency in beginning but many people never believed that Cryptocurrency as of today will be widely legalized in so many countries of the world, while some country are still restricting their citizens from making use of Cryptocurrency, why do you think some countries still restricting Cryptocurrency transactions?
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It is simple. Cryptocurrency has brought some form of financial freedom to those that engage in it and those government of the countries that are still restricting their citizens from trading crypto truly just wants that total control over them as they believe that access to cryptocurrency will make the people less dependent on the government and they the government won't be able to track all financial transactions of the people.
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It was difficult for people in the world to accept the fate of Bitcoin and Cryptocurrency in beginning but many people never believed that Cryptocurrency as of today will be widely legalized in so many countries of the world, while some country are still restricting their citizens from making use of Cryptocurrency, why do you think some countries still restricting Cryptocurrency transactions?
Because at the beginning crypto currency launched, there are many FUD.
Negative issue, has been blocked at several countries, illegal claim etc.
I think It's the reason why many people doubted before now.
That's normal, every struggling , we will see the victory.
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Of course, a lot of people used to have doubts about cryptocurrency, as it was a completely new type of financial asset that was not like the previous ones. Most importantly, everyone was accustomed to the fact that money was always issued by states and at first they did not believe in the power of private and "no one's" money.
This was partly motivated by government officials. So, in Russia they refer to the article of the Constitution, which says that the only legal tender on the territory of the state can only be the ruble.
Also, one of the main reasons for the refusal of states to recognize the cryptocurrency is the impossibility of state control over it in terms of the movement of cash flows.
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I guess they aware of money laundering or funding terrorists that's why they restricting cryptocurrency transaction in some countries. You know there is no KYC using cryptocurrencies so the government is not favor of cryptocurrency.
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I guess they aware of money laundering or funding terrorists that's why they restricting cryptocurrency transaction in some countries. You know there is no KYC using cryptocurrencies so the government is not favor of cryptocurrency.
Many people did not believe in bitcoin because the bitcoin rate was too low. I bought bitcoin at $ 3800 when that was the price of bitcoin. Today the price of bitcoin is over 60 thousand dollars. Where is the benefit that you would buy. It cannot be returned, like the days when the price of bitcoin was paltry.
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It was difficult for people in the world to accept the fate of Bitcoin and Cryptocurrency in beginning but many people never believed that Cryptocurrency as of today will be widely legalized in so many countries of the world, while some country are still restricting their citizens from making use of Cryptocurrency, why do you think some countries still restricting Cryptocurrency transactions?
The country which are not legalize it they actually not know about crypto. So that they need to know about it before the world growing fast into it. What is the thing made them think not to legalize it i nver find any valid reason. They even don't know how they are currency become valueless in day by day.so need to approve it go through with the smart world. It will be a good discission for them who already banned it.
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I estimate they conscious of cash laundering or funding terrorists that's why they restricting cryptocurrency deal in few region . You learn there is no KYC using cryptocurrencies so the administration is not approval of cryptocurrency.
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Cryptocurrency is more likely to be approved in every country in the world. Hopefully cryptocurrency will be approved in most countries around the world. The proliferation of cryptocurrencies around the world has grown exponentially. Cryptocurrency is already being used by users in different countries in every sector. So once upon a time cryptocurrency could not be controlled by any country's government even if it wanted to. So we should think positively about cryptocurrency.
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It was difficult for people in the world to accept the fate of Bitcoin and Cryptocurrency in beginning but many people never believed that Cryptocurrency as of today will be widely legalized in so many countries of the world, while some country are still restricting their citizens from making use of Cryptocurrency, why do you think some countries still restricting Cryptocurrency transactions?
In my opinion, the reason the government does not accept Cryptocurrency is because it will interfere with the use of Fiat currency in their country, as we know, when the number of requests for Fiat decreases, the price will go down because the number of transactions is getting smaller.
The other thing is transparency, actually the government can regulate and make applications with KYC and they are verified like exchange wallets, but the main reason is, the corrupt will not want and agree to do this, because they are still around and want to take real advantage of the traditional payment
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It was difficult for people in the world to accept the fate of Bitcoin and Cryptocurrency in beginning but many people never believed that Cryptocurrency as of today will be widely legalized in so many countries of the world, while some country are still restricting their citizens from making use of Cryptocurrency, why do you think some countries still restricting Cryptocurrency transactions?
Because they didnt have konwledge and always heard negative issue about crypto currency. So many people doubted crypto before now.
But for now, We saw many people already liked crypto and invested in crypto currency.
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It was difficult for people in the world to accept the fate of Bitcoin and Cryptocurrency in beginning but many people never believed that Cryptocurrency as of today will be widely legalized in so many countries of the world, while some country are still restricting their citizens from making use of Cryptocurrency, why do you think some countries still restricting Cryptocurrency transactions?
IMO, at first, the main reason is they don't have any knowledge and complete understanding of the technology-driven industry, crypto is still young even today still many people are saying it was a fraud because it has not back with something, and that's understandable because those people are not familiar with the crypto industry. while some governments that were against the proliferation of cryptocurrency particularly China has their own motives so we cannot do anything about it.
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Back then, people do not have full understanding of cryptocurrency and many find it hard to believe that something that only exist online can be worth anything. However, as time goes on, many things happened that lead to many to change their conviction on Bitcoin and the rest of the cryptocurrency club. Still, we have not yet fully arrived as there are still many things on hold especially on the questions of regulations, legalization and taxation.
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Many country still restrict crypto currency because crypto is a decentralized finance that has no control to the government. This is how the citizen convert their fiat to crypto and transfer them where ever they want . This is how they avoid tax problem and you know without tax, our government cant do anything. Anyway, also ther has few reason why country keep banning bitcoin . But this is not a big problem. Sooner or later all country will accept it.
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Many countries are restricting cryptocurrency for 2 major reasons 1. Fraud control- Many undeveloped country government believe that making money on internet is most fraudulent, like internet scam and are doing everything possible to curtail such.
2. Tax: many government find it difficult to generate or extract taxes from cryptocurrency users since it doesn't pass directly through them.
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there are people who can accept crypto and those who can't, it all depends on each other's trust in crypto. some countries that prohibit crypto certainly have their own reasons why crypto is banned in their country and we can't argue with it. for me, crypto has served me well in terms of the economy, but not necessarily other people feel the same way. that's what makes some people afraid to join the crypto world because there are a lot of news and failure stories out there and their lack of knowledge about the crypto world. but still, as long as we can use crypto well then it will really help us.
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Control, seems to be the obvious one. Considering if your country has a weak economy, and you've got this thing called crypto coming to give the people a swiss bank account in their pocket, that does make it difficult to control taxes. Its cancer
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that's what makes some people afraid to join the crypto world because there are a lot of news and failure stories out there and their lack of knowledge about the crypto world. but still, as long as we can use crypto well then it will really help us.
Yes I agree, many negative issue and failure stores that make people afraid or doubt to join crypto before.
But, for now, crypto currency is more popular, and so many people already bought crypto currency and invested on it.
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In my own country, many people still don't know what crypto is because not all of them hold gadgets or smartphones and the country has not fully legalized crypto as a transaction tool, the reason is that I also don't know, maybe there is still a debate.
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The adoption of cryptos was quite less before but now we can see the crypto growth rate increases even we can say many big personalities start talking about cryptos and even holding it that's the reason cryptos gaining trust in the common man's mind. Some countries restricted also that's right because they are afraid that crypto can destroy their banking system or it can be used in illegal works so they are restricting it but this is not the right solution I feel bad people will find a way to use it. I believe such things can be managed if the laws implement strictly.
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Of course, people used to have doubts about cryptocurrency, as it is a completely new type of financial asset that was not supported by governments. And many people were afraid to invest their real money in a digital value, which is not provided by anything and it is not known what group of people is behind them. Only over time, when states, their governments and various financial institutions, as well as politicians, began to speak positively about cryptocurrency, and then laws regulating their circulation appeared, this increased confidence in it. Without the approval of the cryptocurrency by the state system of power, the cryptocurrency would develop very slowly.
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People had doubts on crypto earlier because they did not know fully about crypto. In today's era, crypto has been promoted all over the world and people are accepting crypto.
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Why do you think some countries still restricting Cryptocurrency transactions?
Each country has a registered viat currency as a legal transaction tool of a country, when the currency is increasingly needed it will add value from the exchange to other fiat currencies, this right is almost the same as crypto, but crypto is very volatile.
The use of crypto is prohibited as a payment transaction because it will have an impact on fiat currency exchange rates, the less use of fiat currency, the value will decrease, this is the prohibition factor
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A lot of people still don't understand how it works where to buy where to sell and how to replenish their card if these factors were combined into one cryptocurrency. The cryptocurrency is just beginning its development and another generation will fully use it.
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It was difficult for people in the world to accept the fate of Bitcoin and Cryptocurrency in beginning but many people never believed that Cryptocurrency as of today will be widely legalized in so many countries of the world, while some country are still restricting their citizens from making use of Cryptocurrency, why do you think some countries still restricting Cryptocurrency transactions?
I believe by now we all understand what cryptocurrencies mean and stand for, financial freedom mostly and this is the same thing that Government can use to control its citizens, Being able to regulate the financial system is a function of the government and with crypto, people can almost move and spend their money without Government influence, hence some restrictions from some Government around the world. They want to continue to have that control on the citizen.
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While the global gaming industry continues to grow across all markets, it remains structured in a way that primarily benefits game developers and perpetuates a one-directional flow of value where players spend money to unlock access to in-game assets and gameplay configurations. In contrast, blockchain-built games and decentralized applications (dApps) enable players to capture the utility and value of in-game purchases and asset acquisitions more effectively.
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there are people who can accept crypto and those who can't, it all depends on each other's trust in crypto. some countries that prohibit crypto certainly have their own reasons why crypto is banned in their country and we can't argue with it. for me, crypto has served me well in terms of the economy, but not necessarily other people feel the same way. that's what makes some people afraid to join the crypto world because there are a lot of news and failure stories out there and their lack of knowledge about the crypto world. but still, as long as we can use crypto well then it will really help us.
It will help us if the country you are in is open to cryptocurrency or blockchain technology, but if it is not open in your country, it will be a hassle for you for sure. It is an advantage for our crypto users if our country recognizes cryptocurrency.
Then let's admit to ourselves that cryptocurrency is also high risk because scammers often use it to cheat people who want to invest in crypto, so extra caution is needed here, dude.
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It's what crypto is: giving financial freedom and removing governmental and institutional restrictions, which has been hampering people from transactions they would have undergone. And there are options now
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Yeah , at the beginning of bitcoin launched , people doubted crypto.
We knew bitcoin price is too low when launched.
But for now bitcoin is very expensive
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It was difficult for people in the world to accept the fate of Bitcoin and Cryptocurrency in beginning but many people never believed that Cryptocurrency as of today will be widely legalized in so many countries of the world, while some country are still restricting their citizens from making use of Cryptocurrency, why do you think some countries still restricting Cryptocurrency transactions?
maybe they didn't have good knowledge about crypto, block chain technology.
But for now, many investors already invested and hold their coins during bearish, because they believe bitcoin will grow again and more expensive.
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It was difficult for people in the world to accept the fate of Bitcoin and Cryptocurrency in beginning but many people never believed that Cryptocurrency as of today will be widely legalized in so many countries of the world, while some country are still restricting their citizens from making use of Cryptocurrency, why do you think some countries still restricting Cryptocurrency transactions?
That's normal, I slo doubted about crypto be while bitcoin launched.
I remember, I have done fauchet in bitcoin, but It's really worthless.
If I hold it until now, maybe I will be a rich people