Then that's the lose of these companies.
If you can't take the heat, get out of the kitchen as they say. You're responsible for any trades that you do, not an insurance company or whatnot.
These insurance companies are also wise enough to understand that they won't do it for an individual that can be triggered and easily beaten by their emotion.
Compared to an exchange, they're a real deal, a business that they can insure with the proof of reserve that they have.
Topic: Cryptocurrency should be insured and supported by goverment - page 2. (Read 244 times)
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
The trump will come to the power maybe he try to do this things.
Most of what you have stated as the things government should do to encourage cryptocurrency may not be actualized with a government that is against cryptocurrency. Trump might not totally do all with exception of some like protecting traders from losses, how can that be possible when someone has by their own volition chosen to trade when they know the risk involved in it
Also, do take note that no one is forcing you to take this high risk market. So it is your responsibility to take care of your own business when it comes to crypto market. They can regulate crypto-related businesses but only to some extent. Now, insuring the traders, won't be a part of it. It is the same as forex traders, they are doing this activity at their own risk, so why would the government insured such activity?
What you say cannot be applied in reality, how can Binance futures and coins be insured? This is only possible if Binance and cryptocurrencies are owned by the government, which is completely unrealistic. Governments only legislate regulations and have nothing to do with trading or traders' losses.
It would be good if the government implemented an exchange like a bank, without the required liquidity they cannot run an exchange business. Monitoring liquidity is important so that exchange owners don't manipulate the funds they hold.
Most governments do not recognize cryptocurrencies and constantly warn traders of losses due to price fluctuations. It is not the government’s job to provide support to the markets and liquidity. The government does not care about users’ losses, but rather it is interested in collecting taxes.
governments often consider traders like gamblers, they never care about traders' losses but only care about the tax money they can get from trading activities, and this is difficult for us to change, this has become the natural character of governments in almost all countries in the world.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
The trump will come to the power maybe he try to do this things.
Most of what you have stated as the things government should do to encourage cryptocurrency may not be actualized with a government that is against cryptocurrency. Trump might not totally do all with exception of some like protecting traders from losses, how can that be possible when someone has by their own volition chosen to trade when they know the risk involved in it
It looks as though you are just speculating on this and none of this can really happen in reality when you look into it again and again. The government can never be a friend to something they won’t have control over and when they come to a compromise about it, they must have getting something they want from that which will affect you for proposing such offers to them. Cryptocurrency should not be insured by the government because they’ll have control over your finances and would do everything in their power to make you suffer for it but in such a way that you’ll never see it coming until you’re in the game without going back again. Anything that has to do with the government having control over, just know that it is already compromised and you’ve lost to them.
What you say cannot be applied in reality, how can Binance futures and coins be insured? This is only possible if Binance and cryptocurrencies are owned by the government, which is completely unrealistic. Governments only legislate regulations and have nothing to do with trading or traders' losses.
Most governments do not recognize cryptocurrencies and constantly warn traders of losses due to price fluctuations. It is not the government’s job to provide support to the markets and liquidity. The government does not care about users’ losses, but rather it is interested in collecting taxes.
Most governments do not recognize cryptocurrencies and constantly warn traders of losses due to price fluctuations. It is not the government’s job to provide support to the markets and liquidity. The government does not care about users’ losses, but rather it is interested in collecting taxes.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
Yeah why now the government should give us some USDT monthly so we could start our journey in trading and most of the people will move into this industry especially the young. And then they will not build any other desire like doctors, engineers, pilots, agriculture, and other sectors of life. How will you complete the need of these specialists if everyone will be forced to asked to start trading I know its an option but do you think considering the current situation of the world where money has become an integral part of our life.For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
Peopl will leave the opportunity of getting free USDT that they could use in futures and you also want to give them the insurance of getting the funds back when you get rekt! Bro where do you live, in imagination world. This is not how things work. And do you even think from where the goernements will get those funds, they will imply tax on you even more in order to give you $5USDT they will charge $10 extra tax on you.
If the government insures Bitcoin then you lose custody of it. It means you are giving up your freedom. Government insuring Bitcoin is equal to regulation and control do you want that? If you do then just go ahead, call your broker and buy some Bitcoin EFT from Black Rock. The government is like the "Devil" in the religious stories, he gives you security with his right hand and takes your freedom with his left hand.
FYI- Trump isn't going to do jack.
We are now in the era of regulations, so people here are getting used to them. They can only gain an extra benefit if things like this happens for real. FYI- Trump isn't going to do jack.
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If you do then just go ahead, call your broker and buy some Bitcoin EFT from Black Rock
So, is this really possible? Damn that's noise but only for them 
because I think I'm already happy and contented on acquiring BTC in a traditional way and even if I'm not insured, I can still have my freedom and I can assure to my self that I won't lose my coins easily because I'm not new in here anymore and I already know all the security measures that must be implemented as BTC user in order to protect my coins from the potential threats. Governments still did something better to us without a catch, so I won't heavily attacked them.
We Are in times when we should not tolerate that you can lose on financial markets.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
Is it the government that told you to be a crypto trader? Crypto trading is a risky business and I am sure most people who engage in it know that they need to be careful. I don't also think that it is the responsibility of the government to insure a private business. Each trader should look for insurance companies that will protect them from losses.
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The govermnt should also provide support for markets and better liquity to help to pump prices up and with volatility.
The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The government will only fund what it owns or can control. Exchanges are used by private companies therefore cannot receive financing from the government. Maybe you are suggesting that the government should empower its citizens with USDT to enable them to engage in crypto trading. This could be a good project to assist people get an alternative source of income.
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The trump will come to the power maybe he try to do this things.
Don't you think you are expecting too much from a politician? First Trump had not won the election, second he never said he would implement such policy and third even if he promises such which is unlikely he cannot trusted. Don't expect much from people to avoid disappointment.
If the government insures Bitcoin then you lose custody of it. It means you are giving up your freedom. Government insuring Bitcoin is equal to regulation and control do you want that? If you do then just go ahead, call your broker and buy some Bitcoin EFT from Black Rock. The government is like the "Devil" in the religious stories, he gives you security with his right hand and takes your freedom with his left hand.
FYI- Trump isn't going to do jack.
FYI- Trump isn't going to do jack.
We Are in times when we should not tolerate that you can lose on financial markets.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
The govermnt should also provide support for markets and better liquity to help to pump prices up and with volatility.
The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
The traders should have insurance protected by goverment for example binance futures should be insured and meme coins also.
The govermnt should also provide support for markets and better liquity to help to pump prices up and with volatility.
The goverments should more support traders Let those people who Dont want to trade work and traders should only do finances and trading.
But it's good for society If goverment start funding exchangers and cryptocurrency.
For example your goverment should give every month some USDT wich you can use it.
The trump will come to the power maybe he try to do this things.
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