Topic: Rich people causes cryptocurrency ban - page 5. (Read 1268 times)
I believe you are talking about the bankers, which has a deep tie with governments all around the world. They are the ones that are doing their best to have cryptocurrencies banned since they will lose customers and money as soon as cryptocurrencies take over. Some rich entities are in the support of bitcoin and cryptocurrencies, so generalizing won't help.
The Rich's are causing eradication of cryptocurrency
Across the world.
On this note, i'll like to ask if, Bitcoin and cryptocurrencies aren't for the rich orAcross the world.
One isn't at liberty to invest as much as they want should they have the financing power?
Again, are the petty investors such as myself not there to benefit from these moves in the market?
Let the rich do what they do and the government and masses perceive it the way they feel because, not minding how the bitcoin market flows, there would always be issues with those that don't agree more, not excluding government which is a major force to this aspect.
* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
Lose of control. One way of countries having control over their people is through the local currency. If Bitcoin ends up booming in that certain country, they lose a significant amount of control. The fact that they would most definitely take a hit in terms of taxes getting collected alone would heavily incentivize them to enforce a ban.
Probably, it is also governments who can't benefit bitcoin that's why they are banning it and let the bank prevails.
Taxes are the only way where authorities can benefit bitcoin but with that, they will surely increase the taxes for those who will invest on bitcoin.
Bitcoin will really have a hard time to become a traditional currency because most of the banks are against it and they are just relying on the use of fiat for its community.
I am not aware of any instance where a country or a government banned the use of bitcoin because rich people started investing in it (at least none of the developed countries did that).
However, imposing stricter regulations is a must to prevent any kind of fraudulant activities such as money laundering and tax evasion.
Not really that they are specific via rich people,no, we are just suggesting base what we saw and what we experience via people, I know vividly that the mind set of people is fraudulent activity via crypto, but I dont understand or know other reasons. However, imposing stricter regulations is a must to prevent any kind of fraudulant activities such as money laundering and tax evasion.
Hi i am looking for help
I bought 100 euro lend in feb 2018 for approx .0637.1422 shares Bitcoin was 6650 approx. Lend migrated to aave
Aave is now approx 230 euro
What should my investment be
I dont think it rose with bitcoin just with aave
I bought 100 euro lend in feb 2018 for approx .0637.1422 shares Bitcoin was 6650 approx. Lend migrated to aave
Aave is now approx 230 euro
What should my investment be
I dont think it rose with bitcoin just with aave
I am not aware of any instance where a country or a government banned the use of bitcoin because rich people started investing in it (at least none of the developed countries did that).
However, imposing stricter regulations is a must to prevent any kind of fraudulant activities such as money laundering and tax evasion.
I Agree on this at some point. Since cryptocurrency regulates as decentralized, there's a possible action that will serve as an illegal transactions and I think that's the reason that the government should be strict and not ban to ban it since cryptocurrency's features can be used by the whole industry. However, imposing stricter regulations is a must to prevent any kind of fraudulant activities such as money laundering and tax evasion.
I am not aware of any instance where a country or a government banned the use of bitcoin because rich people started investing in it (at least none of the developed countries did that).
However, imposing stricter regulations is a must to prevent any kind of fraudulant activities such as money laundering and tax evasion.
However, imposing stricter regulations is a must to prevent any kind of fraudulant activities such as money laundering and tax evasion.
I would agree to an extent. But the governments want investors (irrespective of weather they are rich or poor) to invest in mainstream assets such as equity and real estate. Because it will keep the economy thriving and the government will be able to take out more and more debt. If a considerable portion of the investment goes to decentralized assets such as cryptocurrency, then the government will lose out in the end. The investors may be ready to pay taxes on their capital gains, but the impact on the local economy will be quite detrimental.
* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
It relates to the rules and regulation (also about laws regarding "money/a currency).* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
Adding a new currency as a currency is not as easy as we can do, it is not only about using that "thing" as a means of transaction, for payment.
But, it relates also to regulation, because government or country is responsible for any kind of "currency" in the country.
As what happens in my country, it is legal cryptocurrency as a commodity, but it is not legal as "currency" that is used for any payment method.
It will be difficult to control, manage, and also report, moreover because of the volatility and fluctuation.
* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
One possible reason why some countries ban Bitcoin is that they think that its a threat to the central bank and its a medium to elicit activities. People should stop using it as currency intead they should treat it like a metal asset like gold purely for investment and store of value. Bitcoin can’t harm anyone, it depends on how someone will utilise this kind of technology. * What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
I am not aware of any instance where a country or a government banned the use of bitcoin because rich people started investing in it (at least none of the developed countries did that).
However, imposing stricter regulations is a must to prevent any kind of fraudulant activities such as money laundering and tax evasion.
However, imposing stricter regulations is a must to prevent any kind of fraudulant activities such as money laundering and tax evasion.
We all know that cryptocurrency is the online globe and Bitcoin is the virtual currency. It is completely distinct from the common currency of different countries. Heretofore the identities are kept secret here, it is impossible to say who is committing what and when. In my viewpoint, cryptocurrency is being banned because of the rich people. Because rich people and people of all levels exchange more or less in the bank. But while not everyone can afford crypto, rich people do. They are reducing the transactions in the bank day by day to get more benefits here. On the other hand, if the transaction in the bank decreases, then the government is being destructive. This is what is working in my cranium because rich people are being banned. This time whether willingly or unwillingly.
No body can ban rich people not to participate or partake in cryptocurrency network, because no body knows who is rich when buying cryptocurrency,the only place I'm having double minded towards rich people is because of government officials who are into cryptocurrency, because looking in other way round is the same rich people that boost the increments of crypto by investment, I'm pointing fingers at them because their colleagues who are into government is seeing them using Bitcoin as a method of money laundering, which some countries today is been affected by restricting crypto transaction because may majorities of people representing upper and lower house, are investing in crypto today.
We all know that cryptocurrency is the online globe and Bitcoin is the virtual currency. It is completely distinct from the common currency of different countries. Heretofore the identities are kept secret here, it is impossible to say who is committing what and when. In my viewpoint, cryptocurrency is being banned because of the rich people. Because rich people and people of all levels exchange more or less in the bank. But while not everyone can afford crypto, rich people do. They are reducing the transactions in the bank day by day to get more benefits here. On the other hand, if the transaction in the bank decreases, then the government is being destructive. This is what is working in my cranium because rich people are being banned. This time whether willingly or unwillingly.
Nobody knows that you are investing. Rich people are always looking to increase their wealth and are looking for convincing reasons for that.
They will use Bitcoin when they feel they are making enough money. They may not announce their investment because many governments may ask them for more fees or some technical complications.
rich people will sell them coins when country ban bitcoin
We really can't blame people even they are rich or not they can accumalate more as long as they wanted, they can post or retweet it whenever they wanted it is up to them , the reason why crypto is being banned because of the government itself, they are too afraid of innovations they think that technology is a threat to the states even though it can help in the economy, rich people help us to reach more people in the other part of the country by using their tweets if they want to announce that they bought tons of bitcoin, we don't need to blame others. They will use Bitcoin when they feel they are making enough money. They may not announce their investment because many governments may ask them for more fees or some technical complications.
rich people will sell them coins when country ban bitcoin
Rich people always want to make more money to stay edge above the ordinary middle class and they have the necessary finance to dump in an investment that will yield significant profits, and most corrupted rich one have found crypto as a means to launder money without trace.
They are opportunist people and they use their money power in order to take advantage of others but this is not the reason why some rich countries will ban crypto. Will, I agree that most of these rich people have illegalities, they might use crypto as well to evade taxes but the government not so mean with them coz for somehow they still pay taxes base on their local assets but these middle and low-class family, they are mostly in the blame. I really don't know why but this is how money works. There is corruption and bribery happens.
I seen that cryptocurrency want to be highjacked by rich people, looking around countries currently, its noticeable that bitcoin increase everyday, every week and every months, the more rich people are investing with cryptocurrency the more government attacks cryptocurrency, most countries that values crypto today is having challenges with government, since bitcoin is important to the extent that top people invest on bitcoin why can't government alone adoption of bitcoin.The Rich's are causing eradication of cryptocurrency
Across the world.
* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
I think no because many investors of the bitcoin are rich people because if them bitcoin price are high many of them acknowledge bitcoin as potential high income compare to other bitcoin. Across the world.
* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
The Rich's are causing eradication of cryptocurrency
The Traditional Rich don't give a damn about cryptocurrency. Except those that have become rich DUE to bitcoin. For the first group, Bitcoin is just an investment giving great returns and they are being enables by companies like MSTR or Square. Tesla is the only exception to this trend and that is what we should want more of.* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
Control over the flow of value is their biggest asset. They decide who gets the cheap loans and huge funds in the name of public investments. If people around the world start paying for an earning services using crypto while bypassing all their walls, they will find that normal people can do just fine when left alone. Nobody wants that.* What is the negative effects using crypto as currency?
Nothing really. The only negative effect is that the government will have to actually do their jobs than engaging in demagoguery and politics to control people's sentiments.* what harm does bitcoin contributes a country that can lead to ban?
It makes it easier for real and purported threats to actually come to the negotiating table because the financial knobs like "sanctions" won't work anymore. This will force the West to be fair and stop opting for the war-machine to solve the slightest of problems. 
I disagree with your assessment here. Yes sure there are plenty of very wealthy people whom have and are investing in bitcoin, but that same goes for any type of investment out there. Rich people may be able to manipulate the market to some extent, but they are not to blame for government regulation. It doesn't matter how we go to the current bitcoin market cap, it's simply that we go there..whether that was from "rich" people or from every day folks with small buys here and there. So it's not rich people, it's the simple fact that bitcoin has grown in such popularity overall that made/makes governments take a second look, so to speak.
It isnt like that.. SEC are just focusing on what people are into
I seen that cryptocurrency want to be highjacked by rich people, looking around countries currently, its noticeable that bitcoin increase everyday, every week and every months, the more rich people are investing with cryptocurrency the more government attacks cryptocurrency, most countries that values crypto today is having challenges with government, since bitcoin is important to the extent that top people invest on bitcoin why can't government alone adoption of bitcoin.The Rich's are causing eradication of cryptocurrency
Across the world.
* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
It is not appropriate to blame all rich people and stereotype them. Across the world.
* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
Some of them don't even interested in btc like Bill Gates.
I firmly believe big crypto whales and exchanges do this price manipulation and make billions of dollars out of it.
No it's not them. They are not causing the "ban" of crypto currencies. By the way, how can we "ban" something that is decentralized? You just can't. Look at p2p torrenting. Was the government able to "stop" it. Nope. It's still going on despite various attempts to stop piracy.
2. Negative effects? It would be ignorant of me if I say there are no "downsides". Google it and you will get to know. But remember, the advantages outweigh the downsides.
3. Same as every fiat currency.
* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
1. I have seen only few countries "imposing" those bans. What I have seen in common is that most of those country are somewhat "corrupted" and have no "major" reason to put a ban.* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
2. Negative effects? It would be ignorant of me if I say there are no "downsides". Google it and you will get to know. But remember, the advantages outweigh the downsides.
3. Same as every fiat currency.
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