How much damage can the Trump administration do to Bitcoin? - page 2.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Bergkampsballs on November 26, 2020, 12:52:40 PM

Hi,

I was just wondering what you think about the recent crash, how it relates to the rumours about government regulations in America and what actions you will be taking over the coming months if strict regulations are announced?

Doesn't make sense though, it's just a rumor. I guess I won't do anything even if there is this so called regulations in the coming months. I think the dump may have cause by Bitcoin just in the oversold zone and that $19,500 is a big wall that we can't break for now. It has nothing to do with any rumor or something.

Quote from: Bergkampsballs on November 26, 2020, 12:52:40 PM

Is it time to pull our money out of Crypto for now while we wait and see what regulations are going to be announced?

https://cryptonews.net/423856/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

And why would someone do that? We have seen the worst and yet Bitcoin and crypto is here to stay. And I don't think that Trump last policies will have Bitcoin in it, LOL. Does it mean that he wants to bring down crypto with him?

Wysi

sr. member

Activity: 1638

Merit: 261

Just one bad day and we have so many people coming up with numerous reason predicting the drop in the value of Bitcoin, we should not be concerned about what government of any country since they don't control Bitcoin and moreover even if US government try imposing more restrictions they will eventually fail like thier rival China who tried to set as many obstacles as possible but they failed miserably. Let's think about making most of it rather than worrying about it and also gear up for more such FUDS.

mindrust

legendary

Activity: 3276

Merit: 2442

Trump or not, sooner or later, one way or another, Crypto will be regulated.

Right now USDT and Bitcoin is a parallel banking system and what makes you think USA -which is very obsessive and paranoiac with their currency- would let people do their transactions freely without getting monitored?

What about monero?

What about it? If they regulate the exchanges and close the FIAT gates, it is done too.

The exchanges are the FIAT gates and whoever controls those gates also controls crypto.

We can always trade OTC?

Look what they did to localbitcoins...

What about real OTC, face to face?

Probably dangerous.

Bergkampsballs

member

Activity: 145

Merit: 25

Quote from: aesma on November 26, 2020, 01:48:20 PM

Besides, there is basically no government at the moment in the US, so it's not really the time to worry !

Yeah, that's a fair point, I hope you are right but I was a bit concerned as I don't think that this would be too high up on Joe Biden's list of Trump policies that he wants to reverse.

Quote from: milewilda on November 26, 2020, 01:51:54 PM

Why people are really fan on connecting dots which arent supposedly to be relevant at all? No government or administration will affect or would able to do something to Bitcoin.
Just like on what had mentioned that imagine on how Chinese government did really make such attempt but they did fail. Bitcoin is too big to fail and to be controlled even
though it might be connected into some fundamentals or news or happenings but doesnt mean that it will completely be controlled by it.

I am new to investing in crypto and my understanding from posting on this board is that government rules (particularly those in America and China) are possibly the biggest threat to the price of Bitcoin at the moment. I had most of my profits wiped last night so I am maybe being a bit overly concerned but I want to ensure that I'm making the best decisions which is why I made this post to see what other people thought of the potential damage that could be done if the Trump administration decide that they want to rush in some policies that will cause damage to cryptocurrencies before they leave.

milewilda

legendary

Activity: 3094

Merit: 1127

Why people are really fan on connecting dots which arent supposedly to be relevant at all? No government or administration will affect or would able to do something to Bitcoin.
Just like on what had mentioned that imagine on how Chinese government did really make such attempt but they did fail. Bitcoin is too big to fail and to be controlled even
though it might be connected into some fundamentals or news or happenings but doesnt mean that it will completely be controlled by it.

aesma

hero member

Activity: 2604

Merit: 961

fly or die

The Chinese government has tried this without success. What hope does the US government have then ?

Besides, there is basically no government at the moment in the US, so it's not really the time to worry !

Bergkampsballs

member

Activity: 145

Merit: 25

Hi,

I was just wondering what you think about the recent crash, how it relates to the rumours about government regulations in America and what actions you will be taking over the coming months if strict regulations are announced?

Is it time to pull our money out of Crypto for now while we wait and see what regulations are going to be announced?

https://cryptonews.net/423856/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

Topic: How much damage can the Trump administration do to Bitcoin? - page 2. (Read 366 times)