Can governments crack down on crypto?

[dave_strider]

China has its own policies and considerations why it prohibits bitcoin mining in its country. And that is something we always discuss in the forum. But I see that currently many countries allow this. Because after all bitcoin is a technological advancement that should be supported by the government. Trump's election as US president will have a good impact on bitcoin in the next 5 years if Trump keeps his campaign promises.

Trump puts his money on BTC whereas China would still choose a CBDC of sorts, no wonder - but I do believe it would be truly interesting to see what would come out of this in the future.
Trump said many things, and many things should be done in order to his promises turn into actions.

[luckyledger]

Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto

Everyone has different opinions on the market but one thing I know is that if something becomes a threat worldwide, it will be deemed as illegal and government in every country can do as they dim fit. Today, owing Bitcoin in China is illegal and mining Bitcoin has been ban for a while, so if you are caught doing it, you will be prosecuted.

Now imagine if every countries are doing this to crack down Bitcoin, it's going to be a big problems for Bitcoin but there is nothing as bad for Bitcoin for all the countries to see it as illegal or ban it. The good side of Bitcoin is more than the bad side.

Each country has the authority over what will be done in their country and the rules that are made clearly have been well-thought-out with the aim of the country and society not being harmed later. You are right, China has banned crypto mining and any transactions in crypto and anyone who violates it will definitely be punished according to the rules made.
In my opinion, there will not be many countries that ban bitcoin because there are more benefits to the country and its people than the harm it causes.

Big countries would do it simply because they wouldn't benefit from BTC that much (in their minds) and they would love to regulate it and all that is tied up to BTC.
Smaller ones see the potential in it so they allow things with BTC, also because they see BTC as the means for some problems of theirs to be resolved or helped with.

[tequilla_sunset]

Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto

Everyone has different opinions on the market but one thing I know is that if something becomes a threat worldwide, it will be deemed as illegal and government in every country can do as they dim fit. Today, owing Bitcoin in China is illegal and mining Bitcoin has been ban for a while, so if you are caught doing it, you will be prosecuted.

Now imagine if every countries are doing this to crack down Bitcoin, it's going to be a big problems for Bitcoin but there is nothing as bad for Bitcoin for all the countries to see it as illegal or ban it. The good side of Bitcoin is more than the bad side.

I can imagine it, but it would never be the case in my opinion, at least simply because the US is pro-Bitcoin and many other smaller countries are pro-Bitcoin. So there would always be a place to be part of it, but if such a scenario occurs (which is highly unlikely), there would surely be workarounds in place.

[omori]

Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto

Trump's victory can be seen as the event that opens a new era for crypto in the US when big governments will actively support the development of crypto and make it impossible for many other governments to continue to sit idly by like in recent years. The FOMO on a global scale when governments actively accumulate BTC together will make BTC reach a higher price than many KOLs predicted. Currently BTC is around 100K USD, we are seeing something very big about to happen in this market, when governments start supporting crypto instead of suppressing and banning.

We can see it that way, albeit, Trump is first and foremost - a politician, not a crypto enthusiast (no matter how we may want to see him that way).
So whether there would be a FOMO on a national scale in other countries - nah, I don't think so.
But in the US itself? - maybe.

[KryptoBull]

We can see it that way, albeit, Trump is first and foremost - a politician, not a crypto enthusiast (no matter how we may want to see him that way).
So whether there would be a FOMO on a national scale in other countries - nah, I don't think so.
But in the US itself? - maybe.

Trump is a crypto-loving politician

Trump has many NFTs, Trump has used BTC for payment, and Trump has many big plans to ensure the development of crypto in the US market. I think Trump deserves our expectations, especially when Gensler will soon resign and bring peace to crypto.

In addition, when the US officially holds BTC, I don't think other countries will continue to stay silent and let the US accumulate all the BTC in the market. They will have to participate and that is a big driving force for BTC and crypto to grow.

[nakmantu99]

We can see it that way, albeit, Trump is first and foremost - a politician, not a crypto enthusiast (no matter how we may want to see him that way).
So whether there would be a FOMO on a national scale in other countries - nah, I don't think so.
But in the US itself? - maybe.

Trump is a crypto-loving politician

Trump has many NFTs, Trump has used BTC for payment, and Trump has many big plans to ensure the development of crypto in the US market. I think Trump deserves our expectations, especially when Gensler will soon resign and bring peace to crypto.

In addition, when the US officially holds BTC, I don't think other countries will continue to stay silent and let the US accumulate all the BTC in the market. They will have to participate and that is a big driving force for BTC and crypto to grow.

This is what it is crossing my mind, when the US is trying to collect BTC it is impossible for other countries to just stay quiet and see what the US is doing, I'm sure they will also do the same thing. The US is one of the largest countries in the world and what it does will affect other countries. That's a fact that happened so far.
Trump in Kamapanye is a lot of things to support Bitcoin and finally we with Gary will resign from SEC in January next year, this will make the crypto market more interesting starting next year.

[KryptoBull]

This is what it is crossing my mind, when the US is trying to collect BTC it is impossible for other countries to just stay quiet and see what the US is doing, I'm sure they will also do the same thing. The US is one of the largest countries in the world and what it does will affect other countries. That's a fact that happened so far.
Trump in Kamapanye is a lot of things to support Bitcoin and finally we with Gary will resign from SEC in January next year, this will make the crypto market more interesting starting next year.

The US is the world's largest economy, and the USD is the most widely used currency globally. Other countries wanting to do business with the US will need to proactively implement strategies to avoid being left behind and disadvantaged in the future. I imagine a scenario where the US uses BTC as a tool to increase its global financial position when 1 BTC equals 1M USD or 100M USD. Countries that previously banned BTC like China would have to race to buy BTC at any cost

I'm also looking forward to the event on January 20th but am a bit worried that it might be an event for crypto investors to take profits and the prices of many tokens will drop sharply. Things will be worse if we have to face some more negative news from other governments, for example, China might sell off the amount of BTC they currently hold, estimated to be around 190K BTC.

[dekafee79]

This is what it is crossing my mind, when the US is trying to collect BTC it is impossible for other countries to just stay quiet and see what the US is doing, I'm sure they will also do the same thing. The US is one of the largest countries in the world and what it does will affect other countries. That's a fact that happened so far.
Trump in Kamapanye is a lot of things to support Bitcoin and finally we with Gary will resign from SEC in January next year, this will make the crypto market more interesting starting next year.

The US is the world's largest economy, and the USD is the most widely used currency globally. Other countries wanting to do business with the US will need to proactively implement strategies to avoid being left behind and disadvantaged in the future. I imagine a scenario where the US uses BTC as a tool to increase its global financial position when 1 BTC equals 1M USD or 100M USD. Countries that previously banned BTC like China would have to race to buy BTC at any cost

I'm also looking forward to the event on January 20th but am a bit worried that it might be an event for crypto investors to take profits and the prices of many tokens will drop sharply. Things will be worse if we have to face some more negative news from other governments, for example, China might sell off the amount of BTC they currently hold, estimated to be around 190K BTC.

Let's see in January next year after Trump's inauguration whether the price of bitcoin will soar or we will hear negative news about bitcoin that will make the price of bitcoin plummet. But I see many people who believe that the price of bitcoin will rise at the time of Trump's inauguration as US president.

[KryptoBull]

Let's see in January next year after Trump's inauguration whether the price of bitcoin will soar or we will hear negative news about bitcoin that will make the price of bitcoin plummet. But I see many people who believe that the price of bitcoin will rise at the time of Trump's inauguration as US president.

Trump is a crypto fan so people believe that Trump's inauguration will be the beginning of a new era for crypto in the US. However, anything can happen and whales can take profits on January 20 and we will have the famous sell the news event.

That being said, I rarely act on news, I will still wait for the price to slow down after BTC hits 100K USD. I will take profits in parts to protect profits and may continue to hold BTC to 150K, 200K and 250K.

[yohananaomi]

Let's see in January next year after Trump's inauguration whether the price of bitcoin will soar or we will hear negative news about bitcoin that will make the price of bitcoin plummet. But I see many people who believe that the price of bitcoin will rise at the time of Trump's inauguration as US president.

Trump is a crypto fan so people believe that Trump's inauguration will be the beginning of a new era for crypto in the US. However, anything can happen and whales can take profits on January 20 and we will have the famous sell the news event.

That being said, I rarely act on news, I will still wait for the price to slow down after BTC hits 100K USD. I will take profits in parts to protect profits and may continue to hold BTC to 150K, 200K and 250K.

It must be admitted that Trump's victory in the election was very noticeable and had an impact on the increase in bitcoin, which was almost close to $ 100K. I agree that Trump is indeed known to like and approve of the existence of bitcoin, and it is not impossible, as you said, made that whales will always continue to take profits that can be done.
But I think you have done the right thing with what you had anticipated to be able to keep from missing out, because right now bitcoin is starting to correct again, but there is always room to increase next year.

[KryptoBull]

It must be admitted that Trump's victory in the election was very noticeable and had an impact on the increase in bitcoin, which was almost close to $ 100K. I agree that Trump is indeed known to like and approve of the existence of bitcoin, and it is not impossible, as you said, made that whales will always continue to take profits that can be done.
But I think you have done the right thing with what you had anticipated to be able to keep from missing out, because right now bitcoin is starting to correct again, but there is always room to increase next year.

100K USD was predicted to be where the price would experience quite crazy volatility, and BTC price not being able to reach 100K USD is part of that craziness. Many investors are taking profits, honestly I also wanted to take profits at around 95K-100K but in the end I want to sell my BTC at 100K USD as a beautiful memory.

Anyway, the uptrend is still ahead, altseason is waiting for us and crypto adoption at the national level will soon be activated. I look forward to a lot of positive news so that I can tell the crypto anti-fans that they have chosen the wrong side of history

[densus88]

t must be admitted that Trump's victory in the election was very noticeable and had an impact on the increase in bitcoin, which was almost close to $ 100K. I agree that Trump is indeed known to like and approve of the existence of bitcoin, and it is not impossible, as you said, made that whales will always continue to take profits that can be done.
But I think you have done the right thing with what you had anticipated to be able to keep from missing out, because right now bitcoin is starting to correct again, but there is always room to increase next year.

Yes, it seems that the crypto market, especially bitcoin, is very affected by Trump's victory in the US presidential election, making bitcoin reach ATH $ 99K, but bitcoin is currently experiencing a correction until the price of bitcoin drops to $ 93K.
We should wait because some people say we will see a bitcoin correction that will drop below $ 80K, actually I don't believe that prediction because according to my analysis if bitcoin experiences a correction it will still be above $ 80K.

[Blaze]

Let's see in January next year after Trump's inauguration whether the price of bitcoin will soar or we will hear negative news about bitcoin that will make the price of bitcoin plummet. But I see many people who believe that the price of bitcoin will rise at the time of Trump's inauguration as US president.

Trump is a crypto fan so people believe that Trump's inauguration will be the beginning of a new era for crypto in the US. However, anything can happen and whales can take profits on January 20 and we will have the famous sell the news event.

That being said, I rarely act on news, I will still wait for the price to slow down after BTC hits 100K USD. I will take profits in parts to protect profits and may continue to hold BTC to 150K, 200K and 250K.

It must be admitted that Trump's victory in the election was very noticeable and had an impact on the increase in bitcoin, which was almost close to $ 100K. I agree that Trump is indeed known to like and approve of the existence of bitcoin, and it is not impossible, as you said, made that whales will always continue to take profits that can be done.
But I think you have done the right thing with what you had anticipated to be able to keep from missing out, because right now bitcoin is starting to correct again, but there is always room to increase next year.

Political changes making the market situation move, offer an insight of how sycronised the world of crypto is with global events. Under such circumstances, the decisions made in anticipation, as well as those in line with the mature strategies are definitely steps that most should consider. That is why the price movement of which Bitcoin has undergone another correction can indeed be disenchanting, however, at the same time one must not forget that the crypto market is characterised by high volatility.

But we can still expect a new increase in the future. It will be also interesting next year to observe further development of this kind of market. So long as we remain on course with the targets that have been established concerning investments and be flexible in relation to change, the potential to achieve improved outcomes is always available. This is just one stage of a process where there is much to be learned at each of the stages.

[satpol_PP]

100K USD was predicted to be where the price would experience quite crazy volatility, and BTC price not being able to reach 100K USD is part of that craziness. Many investors are taking profits, honestly I also wanted to take profits at around 95K-100K but in the end I want to sell my BTC at 100K USD as a beautiful memory.

Anyway, the uptrend is still ahead, altseason is waiting for us and crypto adoption at the national level will soon be activated. I look forward to a lot of positive news so that I can tell the crypto anti-fans that they have chosen the wrong side of history

If you are targeting bitcoin price at $100K you should wait because we have seen bitcoin only reach price $99,655 according to CMC records. and currently the price of bitcoin has dropped to $91,890. so forget about selling your bitcoin this week, because we will likely see a correction.
If you still have capital, be prepared to buy potential altcoins because the price of the top altcoins is still low if we compare its ATH achievement.

[yohananaomi]

100K USD was predicted to be where the price would experience quite crazy volatility, and BTC price not being able to reach 100K USD is part of that craziness. Many investors are taking profits, honestly I also wanted to take profits at around 95K-100K but in the end I want to sell my BTC at 100K USD as a beautiful memory.

Anyway, the uptrend is still ahead, altseason is waiting for us and crypto adoption at the national level will soon be activated. I look forward to a lot of positive news so that I can tell the crypto anti-fans that they have chosen the wrong side of history

If you are targeting bitcoin price at $100K you should wait because we have seen bitcoin only reach price $99,655 according to CMC records. and currently the price of bitcoin has dropped to $91,890. so forget about selling your bitcoin this week, because we will likely see a correction.
If you still have capital, be prepared to buy potential altcoins because the price of the top altcoins is still low if we compare its ATH achievement.

It must be admitted that the opportunity to reach $100K can be achieved, but maybe not this year, or it could happen this year. It's all hard to guess because when it is close to $100K, but there, is a correction again and, of course, it could be a correction to prepare for a sharper increase.
Agree, if you do have the funds to glance at potential altcoins, which, until now, the price is quite good to be bought and held, when there will be a big increase in bitcoin, then potential altcoins will reach their latest ATH.