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Author Topic: Crypto markets can exist without government permission  (Read 36637 times)

Offline lepbagong

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Re: Crypto markets can exist without government permission
« Reply #210 on: May 31, 2024, 08:35:49 AM »
There will always be opportunities like you said wherever they are implemented, because these opportunities can be, done and cannot be avoided through mechanisms that might be implemented, because of their ability to do so without permission.
But as good citizens, it is not appropriate for us to violate the rules that have been made because it will always be risky, and it is not a good thing to do, even if we can.
However, currently more and more countries are able to provide convenience even though they do not recognize but are allowed to trade, thus avoiding the intention of violating the rules.
Since one of my local board has posted here, I want to say that it is true that as a good citizen should obey the laws of the country. But in a report I saw that around 4 million people are connected to crypto in our country which is 25% of our population. Now my point is that if our country does not legalize this crypto then what do we have to do. Our current ICT minister also invited the officials of our central bank to discuss about  legalizing this cryptocurrency, but no positive response was given from our central bank officials. So I think the citizens of our country have no choice but to break the rules.
If countries don't ban and imprison people who invest in crypto, I think we're still safe. We can also use VPN to carry out transactions in crypto. In our country crypto is legal for investment, so there is no problem in my country.
With technological developments, every country and its citizens will certainly follow every development, including crypto. Of course, if it is legal in a country, it will no longer be difficult for its citizens to do anything with crypto. But if there is a ban, it is certain that there will be people who will try to do it illegally and, in technology, it can be done and there are many ways. But breaking the rules is certainly not good, because it will be dangerous for him, even though he has the opportunity to make transactions.
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Re: Crypto markets can exist without government permission
« Reply #210 on: May 31, 2024, 08:35:49 AM »

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Re: Crypto markets can exist without government permission
« Reply #211 on: May 31, 2024, 08:50:11 AM »
With technological developments, every country and its citizens will certainly follow every development, including crypto. Of course, if it is legal in a country, it will no longer be difficult for its citizens to do anything with crypto. But if there is a ban, it is certain that there will be people who will try to do it illegally and, in technology, it can be done and there are many ways. But breaking the rules is certainly not good, because it will be dangerous for him, even though he has the opportunity to make transactions.
You're right that breaking the law isn't a good thing, but just like you said, there'll always be people who will break those laws, so if you're going to be a law breaker, then it shouldn't be laws that infringes on another citizen's fundamental rights or that'll cause harm to you, other citizens or the society at large.

Most governments places a ban on crypto because they're scared of the height crypto might attain in the future and then try to contain it, so those laws are mostly for their personal and selfish reasons  and nothing more, so breaking such crypto laws to me isnt really an actual crime.

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Re: Crypto markets can exist without government permission
« Reply #211 on: May 31, 2024, 08:50:11 AM »

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Offline MrSpasybo

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Re: Crypto markets can exist without government permission
« Reply #212 on: June 07, 2024, 07:24:46 PM »
With technological developments, every country and its citizens will certainly follow every development, including crypto. Of course, if it is legal in a country, it will no longer be difficult for its citizens to do anything with crypto. But if there is a ban, it is certain that there will be people who will try to do it illegally and, in technology, it can be done and there are many ways. But breaking the rules is certainly not good, because it will be dangerous for him, even though he has the opportunity to make transactions.
Yeah, governments have also been studying blockchain and may be able to find the identities of those who deliberately commit crimes to trade crypto. I don't think the government can find all those who trade crypto illegally, but just a few cases of severe punishment can also have a negative impact on the demand for exposure to and investment in crypto in that country.

I do not encourage investors to disregard their own safety to reach crypto. We are not trying to fight against governments, we just want crypto to be accepted in the economy as an asset for investment purposes. After all, the government is elected by the people, so the best way is to raise public awareness of crypto over time so that they can choose a crypto-friendly government like what the US people are doing.
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Re: Crypto markets can exist without government permission
« Reply #213 on: June 07, 2024, 08:06:23 PM »
You're right that breaking the law isn't a good thing, but just like you said, there'll always be people who will break those laws, so if you're going to be a law breaker, then it shouldn't be laws that infringes on another citizen's fundamental rights or that'll cause harm to you, other citizens or the society at large.

Most governments places a ban on crypto because they're scared of the height crypto might attain in the future and then try to contain it, so those laws are mostly for their personal and selfish reasons  and nothing more, so breaking such crypto laws to me isnt really an actual crime.

I thought laws are meant to be broken isn't?  ;D Even with the government supervision, there are high numbers of people that are committing fraud and scam investments, some are doing money laundering and many of them are using crypto to avoid tax, we have them but despite all this, the government can't control it because of the anonymity that crypto thieves gives people.

It's because of the privacy people has from crypto market that is making them regulate crypto but the number of people that are doing bad things in crypto aren't more than 1%, they are just a fraction of them and is the more reason why they need to let crypto be as it should be, no regulations.
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Offline lepbagong

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Re: Crypto markets can exist without government permission
« Reply #214 on: June 08, 2024, 02:30:55 AM »
When a country bans crypto, black markets for it inevitably pop up. The opportunity for profit is just too good to pass on when you could become one of the few players in the country offering crypto brokerage for the public.

These tend to disappear the more accessible crypto becomes in that country via legal services, however.
There will always be opportunities like you said wherever they are implemented, because these opportunities can be, done and cannot be avoided through mechanisms that might be implemented, because of their ability to do so without permission.
But as good citizens, it is not appropriate for us to violate the rules that have been made because it will always be risky, and it is not a good thing to do, even if we can.
However, currently more and more countries are able to provide convenience even though they do not recognize but are allowed to trade, thus avoiding the intention of violating the rules.
Yes, as good citizens we must always follow the rules, because if we break them and are caught we will be punished.  If our country prohibits it, we should not go against this rule.
Agree, clearly, as citizens who follow the rules that have been made by the government, you should follow the recommendations or rules that have been made and not try to get around or try to break those rules, because it is clearly not a good thing to do. Apart from having to deal with the law, and it is not impossible that it will make your life difficult because you have violated the rules, it is not recommended to do this even if you can and can do it.
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Re: Crypto markets can exist without government permission
« Reply #215 on: June 10, 2024, 01:23:11 PM »
There will always be opportunities like you said wherever they are implemented, because these opportunities can be, done and cannot be avoided through mechanisms that might be implemented, because of their ability to do so without permission.
But as good citizens, it is not appropriate for us to violate the rules that have been made because it will always be risky, and it is not a good thing to do, even if we can.
However, currently more and more countries are able to provide convenience even though they do not recognize but are allowed to trade, thus avoiding the intention of violating the rules.
Since one of my local board has posted here, I want to say that it is true that as a good citizen should obey the laws of the country. But in a report I saw that around 4 million people are connected to crypto in our country which is 25% of our population. Now my point is that if our country does not legalize this crypto then what do we have to do. Our current ICT minister also invited the officials of our central bank to discuss about  legalizing this cryptocurrency, but no positive response was given from our central bank officials. So I think the citizens of our country have no choice but to break the rules.
If countries don't ban and imprison people who invest in crypto, I think we're still safe. We can also use VPN to carry out transactions in crypto. In our country crypto is legal for investment, so there is no problem in my country.
Digital currencies like Bitcoin are very easy to spread, lots of news is already talking about Bitcoin. Indirectly, this makes people want to find out what Bitcoin is. It is true that several countries have banned the use of Bitcoin and even closed access to certain exchanges. But all that doesn't make internet users just stay silent, many people already understand VPNs like you said. May I know your country? because several large countries no longer have access to exchanges like Binance.

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Re: Crypto markets can exist without government permission
« Reply #216 on: June 10, 2024, 01:49:53 PM »
Crypto market keep existing have government permission or not recently many time some top countries from China and United State announced against for suspending bitcoin but keep bitcoin on the higher price. I think government permission will make bitcoin and some cryptocurrencies get more support but if not get permission we can still trade, sell and converting cryptocurrency assets to be cash trough third party way.

Talking about government permission, we have got news after Donald Trump as United State president candidate will support and make cryptocurrency become legal in their country.

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Re: Crypto markets can exist without government permission
« Reply #216 on: June 10, 2024, 01:49:53 PM »


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Re: Crypto markets can exist without government permission
« Reply #217 on: June 11, 2024, 07:05:38 PM »
Talking about government permission, we have got news after Donald Trump as United State president candidate will support and make cryptocurrency become legal in their country.

Trump (like any other candidate) would say anything to win the election to the White House. Its intention is to attract the vote of all possible niches. The simple question is: why didn't Trump do that during his White House presidency from 2017 to 2021?. Why didn't Trump pardon Ross Ulbricht during his previous presidency?. The answers are also simple: opportunism, votes, reaching niches where Trump could not reach in the previous elections... The best (or worst) thing about all this is that Trump will possibly get votes by making those promises. In a few months we will know if Trump's strategy has been well planned.
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Re: Crypto markets can exist without government permission
« Reply #218 on: June 11, 2024, 07:20:19 PM »
Talking about government permission, we have got news after Donald Trump as United State president candidate will support and make cryptocurrency become legal in their country.

I heard Robert was the first candidate to support cryptocurrency in his campaign but Donald Trump been a lousy candidate make it seems like he was the one that want it for the people and investors but I see that as just a mere talk, he never supported Bitcoin from day one when he was in the office and he wouldn't change his mind when he needs a way to back to that office.

It's high time people don't take Politicians seriously, they don't care about crypto because they think it's a competition with their shares and bond and it will make investors run away from the traditional market.
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Re: Crypto markets can exist without government permission
« Reply #219 on: June 11, 2024, 09:14:16 PM »
Crypto market keep existing have government permission or not recently many time some top countries from China and United State announced against for suspending bitcoin but keep bitcoin on the higher price. I think government permission will make bitcoin and some cryptocurrencies get more support but if not get permission we can still trade, sell and converting cryptocurrency assets to be cash trough third party way.

Talking about government permission, we have got news after Donald Trump as United State president candidate will support and make cryptocurrency become legal in their country.
When it first started then pretty sure that government wasnt really that putting up that much attention into its existence, but at the moment that its surpporters or the community
becomes that bigger then this is where they would really be starting up to make some involvement on which they would really be that trying out to surpress it out when it comes to
recognition and adoption but there's no way that it could be stopped now. This is why theyw ould really be thriving as much as they could on surpressing or even trying
to stop but there's no way that it could happen.

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Re: Crypto markets can exist without government permission
« Reply #220 on: June 11, 2024, 09:27:43 PM »
With technological developments, every country and its citizens will certainly follow every development, including crypto. Of course, if it is legal in a country, it will no longer be difficult for its citizens to do anything with crypto. But if there is a ban, it is certain that there will be people who will try to do it illegally and, in technology, it can be done and there are many ways. But breaking the rules is certainly not good, because it will be dangerous for him, even though he has the opportunity to make transactions.
Yeah, governments have also been studying blockchain and may be able to find the identities of those who deliberately commit crimes to trade crypto. I don't think the government can find all those who trade crypto illegally, but just a few cases of severe punishment can also have a negative impact on the demand for exposure to and investment in crypto in that country.

I do not encourage investors to disregard their own safety to reach crypto. We are not trying to fight against governments, we just want crypto to be accepted in the economy as an asset for investment purposes. After all, the government is elected by the people, so the best way is to raise public awareness of crypto over time so that they can choose a crypto-friendly government like what the US people are doing.
Government have Blockchain and cryptocurrency gurus (experts) in the ICT ministry and they know how cryptocurrency work and theta is why they are skeptical about the whole stuff if not those guys would have destroyed everything but it is very hard for them to do that so all what they can do now is to support the community to develop their economy and countries. And when a government support or give a permission to use cryptocurrency in the country, it increases the price of Bitcoin. Like as Donald Trump is supporting Bitcoin in his campaign and using bitcoin to funds the campaign and finally he becomes the president of America and he approves bitcoin to be used fully in America then bitcoin will skyrocket to the highest climax.

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Re: Crypto markets can exist without government permission
« Reply #221 on: June 13, 2024, 10:38:43 PM »
Government have Blockchain and cryptocurrency gurus (experts) in the ICT ministry and they know how cryptocurrency work and theta is why they are skeptical about the whole stuff if not those guys would have destroyed everything but it is very hard for them to do that so all what they can do now is to support the community to develop their economy and countries. And when a government support or give a permission to use cryptocurrency in the country, it increases the price of Bitcoin. Like as Donald Trump is supporting Bitcoin in his campaign and using bitcoin to funds the campaign and finally he becomes the president of America and he approves bitcoin to be used fully in America then bitcoin will skyrocket to the highest climax.
We are in the crypto market, we see the potential and opportunities from crypto so we support crypto. However, for the government, crypto has more risks than opportunities so they are extremely cautious and often choose the safest way is to refuse this opportunity. I don't think we should hope too much for a change in the mindset of the older people in the government, younger people who are more internet and currency savvy may be more approachable and accepting of crypto.

Trump is running a smart campaign by maximizing the popularity of BTC and crypto in the US. I really hope that Trump will win and create conditions for crypto to develop strongly. The success of crypto in the US could be the impetus for many other governments to change their conservative views.
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Re: Crypto markets can exist without government permission
« Reply #222 on: June 15, 2024, 05:14:39 PM »

Government have Blockchain and cryptocurrency gurus (experts) in the ICT ministry and they know how cryptocurrency work and theta is why they are skeptical about the whole stuff if not those guys would have destroyed everything but it is very hard for them to do that so all what they can do now is to support the community to develop their economy and countries. And when a government support or give a permission to use cryptocurrency in the country, it increases the price of Bitcoin. Like as Donald Trump is supporting Bitcoin in his campaign and using bitcoin to funds the campaign and finally he becomes the president of America and he approves bitcoin to be used fully in America then bitcoin will skyrocket to the highest climax.
if the government supports bitcoin, it will make the price of bitcoin even more expensive and of course more popular. But it seems like governments in several countries are still studying crypto technology.
about donald trump, i don't really care about it because that's how politicians are during the campaign. He will issue a statement supporting crypto to attract votes from crypto fans.

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Re: Crypto markets can exist without government permission
« Reply #223 on: June 15, 2024, 08:06:44 PM »
        -   It may be possible for the crypto market to exist without the permission of the government, so the only cons that I see are that if the government notices that,
for sure it will be taken down immediately. And when that happens, it's not good. But not all feudal countries do that.

Because there are only a few countries that have banned cryptocurrency or Bitcoin, if there are others that have banned it, they have also withdrawn it because they may have seen from a different angle that Bitcoin or blockchain technology that it brings can help the country and those people.

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Re: Crypto markets can exist without government permission
« Reply #224 on: June 16, 2024, 11:16:26 PM »
- It may be possible for the crypto market to exist without the permission of the government, so the only cons that I see are that if the government notices that,
for sure it will be taken down immediately. And when that happens, it's not good. But not all feudal countries do that.

Because there are only a few countries that have banned cryptocurrency or Bitcoin, if there are others that have banned it, they have also withdrawn it because they may have seen from a different angle that Bitcoin or blockchain technology that it brings can help the country and those people.
I believe that in some countries that are not crypto-friendly, the government is aware that citizens are still quietly owning and trading crypto through P2P, but it is also difficult for them to charge or arrest all participants. The number of crypto investors is too large for the government to have enough tools to handle all violations. Sometimes a few typical cases are used to warn the majority but also do not have a big enough result, it only makes people want to access crypto more because they cannot accept the government's incompetence in running country and developing economy.

The positive thing is that we are seeing crypto being accepted in more countries, the number of countries banning crypto is not too many and I believe that in the future they will change their views on crypto, or young people who love crypto will replace them in government.
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