Topic: The future of crypto (Read 1196 times)
It is very difficult to understand exactly how the situation with cryptocoins will develop further. I think that it is worth looking after China, if its position is too tough, it can hit the course and the recognition around the world hard.
The increase in activity in the crypto space may also be related to the growing popularity of the crypto industry during this pandemic. with many crypto users, many countries have banned crypto, including China, but the ban issued by China does not affect the crypto market and crypto growth continues to increase from year to year, of course many countries will not be left behind with this trend.
It is true that there are several countries that prohibit crypto, including China, but we know that in this world there are still many countries that legalize crypto transactions and Bitcoin mining, I can say that the ban in China will not affect Crypto in the future.
I think China's move has compromised its advantage in having miners on its territory, this policy has been received differently in America where it works for regulation.
China has long banned its citizens from mining bitcoins because they are unable to regulate the circulation of bitcoins, the regulations applied by China will never have problems with crypto in the future, other countries will never follow China and many countries also support bitcoin as a tool investment
Each country has different regulations in dealing with this or in dealing with cryptocurrency issues, because as long as it doesn't harm the country, I don't think there will be an instant ban on everyone, because those who use cryptocurrencies also don't make public announcements. 
China has long banned its citizens from mining bitcoins because they are unable to regulate the circulation of bitcoins, the regulations applied by China will never have problems with crypto in the future, other countries will never follow China and many countries also support bitcoin as a tool investment
China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?
We cannot be certain yet over China's decision of banning bitcoin mining within their territory but one thing is for sure, they are trying to get ahead of the game over other countries. If China's plan and outcome finally shows up, it might encourage other countries to do the same thing and it might make a huge impact to crypto for a while but for sure it wouldn't last long since crypto investors all over the world is growing each day. China is a powerful country and we can clearly see how efficient their strategies are nevertheless, let us hope the have good plans over crypto someday too wherein both the country and crypto will develop mutualism and benefit from each other.
no really, I think if their technology and knowledge were more advanced, they would use this to get as much btc as possible, whatever they say like banning crypto will eventually be opened and legal again.
Cryptocurrency is now moving at its own pace. No one has the power to stop the movement of cryptocurrency. Cryptocurrency will be banned in one place and its door will be opened in another place. So crypto lovers have nothing to worry about. I hope china will change their decision.
It is true that there are several countries that prohibit crypto, including China, but we know that in this world there are still many countries that legalize crypto transactions and Bitcoin mining, I can say that the ban in China will not affect Crypto in the future.
China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?
China just shuts down problematic Bitcoin mining. The main problem is that it consumes more electricity for mining companies. And China is also part of the largest Bitcoin mining country. One of the Bitcoin mining places is located in the Sichuan area. Perhaps the company located in the Sichuan area is already using hydroelectric power to maintain state-owned electricity pressure. They can also use solar electricity. I think many solutions have come up to make Bitcoin mining possible. Bitcoin miners in china will keep going, and it can't be stopped. It's just that the government needs to control the income from Bitcoin. at least china bitcoin mining companies have to pay tax.
CBDC is indeed being developed, even China was the first to release CBDC, maybe other countries will follow later, CBDC and Crypto especially Bitcoin are clearly two very different things as we know that CBDC is digital money issued by local banks with a full centralized system while Bitcoin is fully decentralized, of course with the CBDC it will not affect the Crypto world. It's possible that Bitcoin could get into their bank system.
Cryptocurrency is now moving at its own pace. No one has the power to stop the movement of cryptocurrency. Cryptocurrency will be banned in one place and its door will be opened in another place. So crypto lovers have nothing to worry about.
Obviously, one China can't stop the development of crypto. Their ban will have some impact on the development of bitcoin but it is temporary. Bitcoin will still grow without China. I hope china will change their decision.
When Bitcoin is accepted and widely used, Surely they will have to change the decision if they don't want to be backward compared to the rest of the world.Nowdays crypto becomes most important in overall world many country used crypto for payment so these thing increase crypto value some country prohibit crypto but I hope crypto are using in overall world soon because crypto have a bright future
Maybe you are seeing this 100 years from now but to know where we are today, we are still far from it. We are not yet in full market adoption, the majority are still don't know about crypto and its important role in the market. It could be sad but that is the reality. Of course, we have to understand the situation, adoptions will take a while. If we could gain more support coming from the big companies and much possible from the Government, there is no doubt seeing a brighter future for crypto.
Nowdays crypto becomes most important in overall world many country used crypto for payment so these thing increase crypto value some country prohibit crypto but I hope crypto are using in overall world soon because crypto have a bright future
Crypto have a bright future no one can't refuse this truth because now crypto used for many transection so this is clear crypto have a bright future you can also chk some previous crypto history crypto always successful and in future beocome more successful
The popularity of Bitcoin is increasing day by day among the people but the governments of some countries are questioning the legitimacy of Bitcoin in Parliament.Some countries have already banned bitcoin mining altogether. However, my idea is that the popularity of Bitcoin cannot be suppressed.
as long as it doesn't harm the country, I don't think there will be an instant ban on everyone
You can be right. If the government doesn't think it will harm society, it is unlikely to ban crypto instantly. In most cases, crypto will be banned because of a big reason, for example: money laundering or scamming people's money. If there are no bad issues, the government can allow it as long as it doesn't break the laws or regulations in the country. as long as it doesn't harm the country, I don't think there will be an instant ban on everyone
You can be right. If the government doesn't think it will harm society, it is unlikely to ban crypto instantly. In most cases, crypto will be banned because of a big reason, for example: money laundering or scamming people's money. If there are no bad issues, the government can allow it as long as it doesn't break the laws or regulations in the country. 
China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?
What we should know is that China is not banning crypto, it's just that China is banning crypto miners. Because it consumes a lot of electrical energy in the country. Banning crypto mining by banning crypto is much different. So there is no problem about the existence of crypto in China. Even CZ, the owner of Binance, is also Chinese.
I would say a statement of fact that sooner or later China will soon lose its relevance in the crypto space, i.e., unlike before they can release any type of news they want which will affect the market but sooner no one will care anymore, so they don't more advanced than any country but underdeveloped when it comes to crypto.
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