. 
. 
. 
. 
.
. 
. 
Shop
Show Posts
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
We have seen the worst even in an unexpected ways, like the FTX collapse that forced the entire market to go on it kneel, and before the recent market breakout, we have to build some confident in the market and also to look out for any possible chance to buy more bitcoin at discounted price.The approval of Bitcoin Spot ETF brought so much attention to the market. There were predictions that the price will keep increasing till next year. The price went up as expected but there was also a need to be careful because there will always be a correction. So like you said I am not also surprised to see the price drop recently because it was already predicted. If I had the money, I would have bought more Bitcoin because this might be one of the lowest prices Bitcoin will be in the next seven months. With the global economy recovering gradually and inflation dropping, we might see so much growth that will make Bitcoin hit a new ATH.
Let see what goes on with the market in the days ahead but even at that I am not surprised to see this current red market.
This is absolutely nothing to be afraid of, or even give attention, any country can ban anything related to crypto they want, or even crypto in its entire self, but the issue have always been in its implementation.When something is illegal engaging in such activity becomes a criminal offense. Which means one can go to jail for using non-custodian wallets. This is a big problem for people who cherish privacy. So there are many things to be scared of. In my country, the police can search your phone at will, and if they see a decentralized wallet you are a suspect that will be exploited or sent to jail. It is far better not to have this rule in place because trying to invade these bans can be risky. And such laws can hinder crypto adoption because many people wouldn't want to take such a risk.
For example, Nigerian government banned crypto entirely in the whole of the country, but it's citizens still go about crypto like there was or is no ban at all, I believe this will be the same story in Denmark, how are they going to effect this ban? To make sure that citizens don't continue using self custody wallets even after this ban? There is no way to implement such a rule, even if they restrict citizens' access to the domains of those wallets, citizens can always use VPN to bypass such restrictions.
Latest news: