What else would they have said? They know any action on their part might even give the push that crypto currency is needing and a negative word or stand against crypto won't stand considering that their resolution is only going to be on an advisory level if the whole countries making up the group are not allowed to come with their own individual recommendation on how to go about crypto.
Again, they might also feel the value of funds involved is not huge enough to have command their attention and committing resources would be chasing less with more money and human capital whose outcome won't be favorable and the best action is to continue to observe.
Topic: G20 closing statement on cryptocurrencies: We will keep monitoring it (Read 281 times)
April 04, 2018, 04:17:16 PM
April 04, 2018, 03:15:04 PM
They know they cant pull the plug and monitoring it is the only way around this and for these regulations to happen they will need to work with established exchanges and all other crypto portals that provide crypto services if they wish to have some control otherwise this is a deadend for them.
April 04, 2018, 02:29:04 PM
A lot of people still don't understand that we don't have to wait any news from the governments. We need to move confidently towards its goal to make bitcoin is an independent currency. The government's response would then be irrelevant. But for this we need to completely get rid of the habit of using Fiat.
I do not agree with you. Governments should be involved to strengthen more stable financial regulation. Investors will feel secure with the legal protection of the government.this policy is important to protect the rights of a country's people.
April 04, 2018, 01:08:36 PM
Keep monitoring is fine, the best for the market will happen after implemntation of a clever regulations system and better understanding of "what is cryptocurrency" of different countries' executives
April 04, 2018, 05:14:06 AM
this neutral statement had no impact on the price,at least no positive influence for sure
I was afraid the statement would be negative and we would see another great price crash
didn't happen,now lets see if this is a regular seasonal dip or there are different reasons for the price to go down 100%+ since January
in any case,HODLers gona hold,traders gonna trade
expect more fun come autumn,meanwhile stay put and do not panic
A lot of people still don't understand that we don't have to wait any news from the governments. We need to move confidently towards its goal to make bitcoin is an independent currency. The government's response would then be irrelevant. But for this we need to completely get rid of the habit of using Fiat.I was afraid the statement would be negative and we would see another great price crash
didn't happen,now lets see if this is a regular seasonal dip or there are different reasons for the price to go down 100%+ since January
in any case,HODLers gona hold,traders gonna trade
expect more fun come autumn,meanwhile stay put and do not panicthis policy is important to protect the rights of a country's people.
April 01, 2018, 12:15:58 PM
According to ICODrops - G20 closing statement on cryptocurrencies: we acknowledge it - but it needs regulations. We will keep monitoring it.
This should be seen as a good news for Bitcoin and crypto space; we knew regulation is coming, it's great they didn't decide to take a strong position against the technology.
Source: https://www.ethnews.com/g20s-closing-statements-on-cryptocurrency-and-blockchain
This should be seen as a good news for Bitcoin and crypto space; we knew regulation is coming, it's great they didn't decide to take a strong position against the technology.
Source: https://www.ethnews.com/g20s-closing-statements-on-cryptocurrency-and-blockchain
The best part is that, strong economies are now starting to acknowledge the cryptocurrency. 2 years back, majority of the governments were too ignorant about it. Now it is not only acknowledged but also being discussed in a serious events like G20. So that's good news for the entire crypto market in general.
We all know that regulation is inevitable. But I am also sure that majority of the governments won't ban it. Because it is literally impossible for the government to actually ban it. Governments can certainly ban it by issuing a law but they can't ban it in practice. So they will not take this route. So when they say that they are monitoring it, it means they are digging deeper to gather more information before actually taking any decision. I am sure 2018 is going to be the year of cryptocurrency adoption.
April 01, 2018, 06:05:30 AM
But for this we need to completely get rid of the habit of using Fiat.
As long as people don't know what Bitcoin's value is, that will probably never happen. Seriously, how do you even determine what's worth a loaf of bread in satoshis without looking at, or getting stimulated by its fiat value.I have been browsing through various intense discussions regarding the same subject for a long time now, but people still fail to point out how to measure Bitcoin's value completely disconnected from fiat.
The closest people have come, which makes sense to a certain degree, is to value each coin based on how much resources it takes to generate one Bitcoin, but that again would point towards fiat, and thus it's not really valid.
Another aspect is that each miner based on location and size has a different level of resources to consume when it comes to generating one Bitcoin. Or should we blatantly say that one loaf of bread is worth 1 satoshi?
I agree,it requires a 180 degree mind shift to start thinking in bitcoins without converting it into fiat
hope there will be days when we ask how many satoshis are 100 dollars
but for that to happen adoption has got to be way faster and the goverments not to be in the way of the progress
banks,some goverments,businesses are not very keen to accept bitcoins and cryptocurrencies yet
but IMHO it is inevitable,so let it happen rather sooner than later
March 31, 2018, 05:43:01 PM
But for this we need to completely get rid of the habit of using Fiat.
As long as people don't know what Bitcoin's value is, that will probably never happen. Seriously, how do you even determine what's worth a loaf of bread in satoshis without looking at, or getting stimulated by its fiat value.I have been browsing through various intense discussions regarding the same subject for a long time now, but people still fail to point out how to measure Bitcoin's value completely disconnected from fiat.
The closest people have come, which makes sense to a certain degree, is to value each coin based on how much resources it takes to generate one Bitcoin, but that again would point towards fiat, and thus it's not really valid.
Another aspect is that each miner based on location and size has a different level of resources to consume when it comes to generating one Bitcoin. Or should we blatantly say that one loaf of bread is worth 1 satoshi?
March 31, 2018, 12:46:08 PM
this neutral statement had no impact on the price,at least no positive influence for sure
I was afraid the statement would be negative and we would see another great price crash
didn't happen,now lets see if this is a regular seasonal dip or there are different reasons for the price to go down 100%+ since January
in any case,HODLers gona hold,traders gonna trade expect more fun come autumn,meanwhile stay put and do not panic
A lot of people still don't understand that we don't have to wait any news from the governments. We need to move confidently towards its goal to make bitcoin is an independent currency. The government's response would then be irrelevant. But for this we need to completely get rid of the habit of using Fiat. I was afraid the statement would be negative and we would see another great price crash
didn't happen,now lets see if this is a regular seasonal dip or there are different reasons for the price to go down 100%+ since January
in any case,HODLers gona hold,traders gonna trade
expect more fun come autumn,meanwhile stay put and do not panic March 31, 2018, 11:54:36 AM
I wouldn't expect anything else from their discussion other than still.monitoring how things will turn out based on the attacks that have been subtly launched in a coordanited way. They don't want to preempt the effect of what the war will.bring, if it can decimate bitcoin and by extension the whole of crypto.currency, they will either come with a soft position or just ignore it all together since it won't matter again. On the other hand, if the effect is just ephemeral, then we can only hope for the massive regulation and tightening that is about to come. So there is nothing good about this news.
March 31, 2018, 11:01:20 AM
this neutral statement had no impact on the price,at least no positive influence for sure
I was afraid the statement would be negative and we would see another great price crash
didn't happen,now lets see if this is a regular seasonal dip or there are different reasons for the price to go down 100%+ since January
in any case,HODLers gona hold,traders gonna trade expect more fun come autumn,meanwhile stay put and do not panic
I was afraid the statement would be negative and we would see another great price crash
didn't happen,now lets see if this is a regular seasonal dip or there are different reasons for the price to go down 100%+ since January
in any case,HODLers gona hold,traders gonna trade
expect more fun come autumn,meanwhile stay put and do not panic 
March 30, 2018, 07:20:43 AM
This is very good news for the crypto currency. The main thing is that the representatives of the G-20 countries decided to recognize the Crypto-currency. However, as far as I know, they are going to recognize it as a financial asset. However, this is also a great victory for the crypto currency. After that, other countries will be forced to recognize the crypto currency.
Indeed a good news for everyone, I am just hoping that it will become successful, and for sure it will affect the value of the price. Hope also that in some countries bitcoin will gonna recognize too.
March 30, 2018, 03:13:17 AM
This is very good news for the crypto currency. The main thing is that the representatives of the G-20 countries decided to recognize the Crypto-currency. However, as far as I know, they are going to recognize it as a financial asset. However, this is also a great victory for the crypto currency. After that, other countries will be forced to recognize the crypto currency.
On the contrary, I don't see or consider it as a great victory yet. On the other hand, I'm personally shock as to what the signals these governments are giving us. I really thought that the G20 thing will bring so much negative impact, however, its not. I'm not totally sold about the outcome of the meeting, its better than expected, but for me its like they giving us false hope. Furthermore, they are calling for crypto regulations in July so its not over yet. I hope though that there will be opposition on a "universal regulations" as being pushed by countries France and Germany. Let's see how it goes and I hope that by July clearer picture is already on the table and the dreaded single regulatory body will not get consensus from member countries who are friendly to bitcoin and crypto in general.
March 29, 2018, 10:28:51 PM
This is very good news for the crypto currency. The main thing is that the representatives of the G-20 countries decided to recognize the Crypto-currency. However, as far as I know, they are going to recognize it as a financial asset. However, this is also a great victory for the crypto currency. After that, other countries will be forced to recognize the crypto currency.
Indeed a good news for everyone, I am just hoping that it will become successful, and for sure it will affect the value of the price. Hope also that in some countries bitcoin will gonna recognize too. 
March 27, 2018, 04:55:26 PM
This is very good news for the crypto currency. The main thing is that the representatives of the G-20 countries decided to recognize the Crypto-currency. However, as far as I know, they are going to recognize it as a financial asset. However, this is also a great victory for the crypto currency. After that, other countries will be forced to recognize the crypto currency.
March 26, 2018, 12:42:48 AM
I can say that G-20 still consider bitcoin is on normal level rather than worry , unlike my government who decide to forbid bitcoin usage.
For me bitcoin bring many advantage especially for global transaction because it's cheaper than fiat but my government have different opinion about bitcoin because they bring more disadvantage !
For me bitcoin bring many advantage especially for global transaction because it's cheaper than fiat but my government have different opinion about bitcoin because they bring more disadvantage !
March 25, 2018, 07:03:16 PM
cryptocurrencies will never disappear. they could shrink or implode, but they'll rise again and there'll always be people dabbling in them.
because of that i would've regarded it as more useful if they'd signaled regulations were being worked on. they're inevitable so they may as well get going. they don't have to be scary or irrational and they probably won't be. but i don't think things will go up a level until more people are confident where they stand.
it's silly to have a multi hundred billion dollar grey area floating around. it doesn't help them and it doesn't help the typical market participant or service provider either.
because of that i would've regarded it as more useful if they'd signaled regulations were being worked on. they're inevitable so they may as well get going. they don't have to be scary or irrational and they probably won't be. but i don't think things will go up a level until more people are confident where they stand.
it's silly to have a multi hundred billion dollar grey area floating around. it doesn't help them and it doesn't help the typical market participant or service provider either.
March 24, 2018, 06:26:37 PM
March 24, 2018, 06:02:16 PM
Will keep an eye on the ongoing matter.
March 24, 2018, 03:39:27 PM
Whatever. The best outcome is that G20 didn't release many negative news
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