Topic: BITCOIN G20 6 FEBRUARY, WHAT HAPPENS? (Read 427 times)

The difference between crypto and dot coms was that they had more substantial business plans than most coins. 

Really, in the US it's been a red flag for years now due to suspicion of drug money mostly and money laundering to deposit cash over $10,000. Your bank account will be tagged and you'll def need to answer as to where the money came from regardless of crytocurrency which has nothing to do with it. That is one of the reasons however that the amount that can be invested, fiat exchanged into crypto, is being regulated by more than one government already, to thwart criminal activity by cashing in money gained in illegal activities through crypto exhanges or hodling as BTC rather than using a bank, which is difficult to do with large quantities of cash.

ok , I not too understand much about government regulation / international trade law or whatever people call it.
but , in my logic ,
if that really happened , of course its some a new ERA
indirectly , goverment started looking at crypto
i mean they seriously thinking about crypto on the future.
about new regulation from it , its very confused for me.

While there are many important ramifications that may or may not take place were such events to happen, such as taxes, market crashing, limits to amounts individuals can invest... when you say "if they decide", the "they" means something different to everyone in the international forum.

I'll interpret that as the government or governing tax and securities commissions, in each country. We know that many country governments have made moves just recently regarding cryptocurrency to the outright ban by the Chinese, yet many crypto firms operate there so to what extent that regulation is still unknown, the same for South Korea threatening to shut down all crypto exchanges to now placing firmer regulations on allowing compliant exchanges to remain operating, and almost all are placing tax implications on specifically cryptocurrency trading where there was not a firm rule before.

With all of this going on and mostly due to your concern over it, since we all have to weigh our own risks and some are heavily invested while other are not, I would say it is better to wait simply because it is 4 Feb today, and you are wanting to know about after 6 February.


So without giving advice, answering your own question with the concerns that you stated... it seems you might want to wait. At the same time it will take a period of time for new regulations to take effect, however it is wise to be prepared and that's only a matter of days now. Better safe than sorry maybe.

The effect will be clearly negative, as there definitely will be a proposal to conclude an alliance/attempts of preliminary agreements about the mutual regulation of the crypto-currency market. Presumably, though prices will fall, there will not be any clear unified decisions on regulation of the cryptocurrency, so the market will recover quickly. Although the majority of the countries of G20  strongly oppose the cryptomarket development, some strong countries are more liberal to them, such as Japan. Therefore, I hope that world leaders will simply argue with each other and their grudges will be more important for them (as always) than the common coordinated decision.

I see this issue such as the fact in some countries to block an application or perhaps internet channels. There are still rooms to penetrate if really needed by folks. In other side, I believe each government want to protect their interests and people. If more people need the crypto world to be alive, then it 'll be ... even more solid and steady of crypto world
Also It will be not easy for government to conclude, decide and make a rule. It needs time, thorough comprehensive reviews and a solid understanding of whole part. Then still a hope that crypto world will be still exist and perhaps after G20 6 February there is synergy scheme between government and crypto world that result to wriggling of crypto world. 

There are some great opinions here regarding the future of crypto regulation. It will get regulated for sure. Governments cant have the wild west continue like it is. Too much blood, too many gangsters! I doubt it will get banned altogether, since it's a new source of revenue in tax dollars.

The banks are going to try and fight it. They see their tombstones on the horizon! The ones who dont understand how to implement and fight it like Jamie Dimon will die off. The way I see Chase Bank now is very much like Blockbuster when Netflix came onto the scene. At least they'll always have Alaska.

Not really FUD mate, there's 2 sides to a coin, we may see a small dip but long term this is great news for crypto.
Be interesting to see what the banking coins will do if they have to pay capital gains tax on the coins they were given for free.

But for the rest, I see nothing but positive long term from regulation, I know some serious traders who won't go near crypto due to no regulation.

Now let's also remember, G20 is going to DISCUSS regulations, it hasn't happened yet, no FUD from me.

Yay, more FUD news and the market will bleed red. Can't we have peace and stability, please?

Just give us update on what will be the conclusion of thier meeting. Im hoping that after the summit a good news will bring the market back specially  to all the coins.

Tax already exists on crypto if you plan to turn it in to real money, you'll have to declare it as income if it's over X amount, you cannot dodge this as of now, and you won't be able to dodge this after regulation.

It will probably go down under capital gains or something similar, where I live, for a company or organisation this can be 30% tax, for a sole individual it's the same as income tax (meaning nothing changes as of now you currently have to pay income tax or you'll be done for tax evasion)

Also like another person said above, this won't happen over night, but the emotional sorts will panic on any news.

It's a good thing, it means no more talks of banning it once regulated

how much have been paying you to make this kind of panicking topic?can you sleep good at night?you all trolls are no space here..make your own platform not here in bitcointalk.org.

We will support bitcoin into the last drop,but if things goes better in next few weeks this thread will become a comedy portion for clowns like you..bitcoin price will never hit $5,000 never ever

If this happens, I‘ll eat my dick. Support is  looking strong now. Could go a little lower up to $5000-5500 maximum.

We saw a beautiful correction going to mid November levels. Nothing dramatic, just time to accumulate or hold. G20 won‘t change much the price of cryptos. It‘s not one of the most important topics for politicians, just a side discussion.

to be honest I am not very optimistic. If China, USA and Russia decide against cryptocurrencies they will shut it down in few weeks. Bitcoin can surge down with negative news to 1000-2000$, and all other alts will bleed even more. Best thing nowadays is to escape to fiat and wait for brighter days.

There will be some regulations for sure. Maybe they will make it illegal using anonymous cryptos, who knows. But what we do know is that they will try to take as much of our profits as they can by taxation.

Zombies again???!!

I think it will not affect bitcoin, because personal ideas even from well known people don't affect much bitcoin as government banning fuds.

The real blow will be during this November when all sorts of law will take place due to G20. Cryptomaniacs will lose their minds and will go into hiding for their logic-less HODL mantra. Innocent people who listened to me will be happy campers where as people who ignored my posts will regret for life and some may even try for crazy things.

taxation is no problem and i'm not doing any illegal activities, so nothing to worry for me.

well only taxation is no problem. i still don't like if they go too far.
And i think this crypto is different from dot.com bubble

It usually takes governments many months to analyze, debate and vote, before making laws. I don't think that anything concrete will take place on Feb 6.