I'm telling you, governments will not sit back and let people get wealthy. They are already planning to regulate this. Sure, you could invest some small amounts, but people saying Bitcoin will go to $10.000 of $100.000...if that happens who says people can actually cash that money at that time?
sure govs will regulate the market, like they did with "Internet" years before. But, regulation is not bad for the market, that will increase peoples trust in Bitcoin and cryptos in generally... just my opinion
I tend to agree with you @ernesto78. Also recently saw this post that shows just how heavily the central banks and governments are working on blockchain and cryptocurrencies. This bull market in cryptos will not last forever.
There is no stopping the blockchain and Crypto. China can't stop it with its bans every couple of months. Sure governments will try to regulate it but there won't be the huge pull back like you're saying. SUre some coins will drop, mostly because they are garbage and don't do anything, but the coins that do, they will shoot the moon.
A government cannot tax and regulate a foreign exchange, a few countries will regulate exchanges in their countries, maybe. But then the exchanges will just change their address to a nation that doesn't, problem solved
If you decide to sell some bitcoin through an exchange, that money will end up in your bankaccount. This transaction can surely be taxed if government passes a law that obligates the exchange to tax the transaction. Or if governments taxes the income (selling of bitcoin) coming from exchanges directly through your bank account. Perhaps a solution could be to de-centralize exchanges so that no nation's law is applicable.
I'm telling you, governments will not sit back and let people get wealthy. They are already planning to regulate this. Sure, you could invest some small amounts, but people saying Bitcoin will go to $10.000 of $100.000...if that happens who says people can actually cash that money at that time?
sure govs will regulate the market, like they did with "Internet" years before. But, regulation is not bad for the market, that will increase peoples trust in Bitcoin and cryptos in generally... just my opinion
I tend to agree with you @ernesto78. Also recently saw this post that shows just how heavily the central banks and governments are working on blockchain and cryptocurrencies. This bull market in cryptos will not last forever.
https://steemit.com/cryptocurrency/@thehutchreport/bitcoin-the-central-banks-will-not-go-quietly
There is no stopping the blockchain and Crypto. China can't stop it with its bans every couple of months. Sure governments will try to regulate it but there won't be the huge pull back like you're saying. SUre some coins will drop, mostly because they are garbage and don't do anything, but the coins that do, they will shoot the moon.
If governments regulate exchanges and pass laws that people get taxed for transactions, will cause the price to drop and not shoot to the moon
A government cannot tax and regulate a foreign exchange, a few countries will regulate exchanges in their countries, maybe. But then the exchanges will just change their address to a nation that doesn't, problem solved
If you decide to sell some bitcoin through an exchange, that money will end up in your bankaccount. This transaction can surely be taxed if government passes a law that obligates the exchange to tax the transaction. Or if governments taxes the income (selling of bitcoin) coming from exchanges directly through your bank account. Perhaps a solution could be to de-centralize exchanges so that no nation's law is applicable.