The future of crypto - page 4. | Bitcointalksearch.org

junkerr

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Quote from: noah tall on August 06, 2021, 09:08:20 AM

if that happens then the crypto market will be in danger, but I don't think that other countries will ban crypto. Because now it is the technical era so Crypto is a digital currency many people are using for making a good annual income.

more and more good news regarding crypto and bitcoin.
other countries I'm sure would consider taking advantage of bitcoin and its technology development rather than banning it.
those who ban it for fear of the ill effects of crypto and bitcoin. they don't see how potential bitcoin and other crypto assets have.

noah tall

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if that happens then the crypto market will be in danger, but I don't think that other countries will ban crypto. Because now it is the technical era so Crypto is a digital currency many people are using for making a good annual income.

aylabadia05

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Quote from: mamesso on August 03, 2021, 12:34:13 PM

Quote from: aylabadia05 on August 03, 2021, 11:27:27 AM

It could put Crypto in trouble if all other countries followed China. However, I see from a different point of view, that the Chinese state is actually very interested in the sophistication that exists in cryptocurrencies, but they also have to maintain CBDC.

I thought that would not happen, very many countries welcome the presence of Crypto in their country except china, such as Japan and United States, there are even countries that legalize crypto as a mean of payment. For this reason very many large investors both companies and individual who put their funds in crypto, For example, the Tesla company will make crypto a legal tender for Tesla electric car.

I also hope like you that it doesn't happen, because for me, crypto is very useful and of course for people who understand how crypto activities are in the process of financial transactions.
If China sticks to its principles, I think that's their right.

TomArayaSlaya

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Nobody can ever ban crypto completely digital money will one day replace fiat that's for sure but I really doubt that it will happen that soon I will take some time for that to happen For now I think the sector will just continue to grow and mature on the way

Bitcoinjheta

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Quote from: Macadonian on August 03, 2021, 02:50:50 PM

Quote from: ?? on ??

China really wants everything to run in its own country and must have its own market that's why they are very strong in trading and the CBDC itself is also inspired by blockchain technology, currently there are several countries that have held CBDC demos that will be implemented in their countries, will crypto be able to do it later? into CBDC?

What does CBDC mean? China are dictators and want everything to be controlled by their government and many companies in China are under the infulence of Chinese officials.

indeed, China is a very strick country when taxation is concern and the aims of cryptocurrency is eliminating the middle man on the transaction. This is why the reason they crackdown all mining rigs in their country to stop running.

Macadonian

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China really wants everything to run in its own country and must have its own market that's why they are very strong in trading and the CBDC itself is also inspired by blockchain technology, currently there are several countries that have held CBDC demos that will be implemented in their countries, will crypto be able to do it later? into CBDC?

What does CBDC mean? China are dictators and want everything to be controlled by their government and many companies in China are under the infulence of Chinese officials.

tanjiran

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Quote from: MIner1448 on August 03, 2021, 09:02:52 AM

I am sure that the decision of the Chinese authorities to ban the mining of bitcoins is aimed at increasing the risks of losing the crypto-yuan in demand for their coin, because no one will ever be able to control bitcoin, especially since in China there has always been a policy aimed at increasing its assets or the country's resources, for example, development cryptoyuan. Who knows, maybe in some time we will see a rival to bitcoin in the person of the crypto-yuan.

indeed many countries limit the use of btc because it cannot be fully controlled by the government. the solution is indeed to issue their own crypto currency, which they can fully control and supervise. as did Miami city which issued Miamicoin, a token that could allow its users to invest in the city in infrastructure and project funding. This is a good signal, if it proves to be effective, this trend will surely be followed by other cities and even countries. so a future with wider adoption could increase the chances of crypto success in the future.

osasshem

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Quote from: Bitbtc8 on July 30, 2021, 07:31:03 AM

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?

The use of crypto currency round the whole world has become unstoppable, and that is making it invincible to the rules of borders made by countries. Crypto currency or Bitcoin which is the number one, being banned by the China government gave a little effect to the price, but that is not able to stop the use worldwide, though, it might reduce the genuie use and give a negative rise in the increase of fraud within the country. Other countries following this step will only affect in the price which might take time to get back to its current price state, but will definitely get back.
Before now, the use of bitcoin was mainly on the internet, and it grow with popularity and now it has physical stores and outlets which operate with crypto currency.
If the use of bitcoin is regulated by the government, though it will kill its unique feature which bitcoin was made of, but that will not be enough reason to end the use of crypto currency.

wallet4bitcoin

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I believe in crypto. And I also believe I can't ignore crypto, Even if it banned on my County. Crypto is one of the best way to make payment more digitalized. And, at this time many big company start investing in crypto. It’s a strong plus point for cryptocurrency. And I believe future of cryptocurrency is bright.

Rocky993

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Crypto and the whole cryptomarket, which has no control over itself and cannot be controlled in any way by anything or anyone else. So the market under their control does not go out of their control as crypto comes in any way. So they are trying to control before they get out of control.

mamesso

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Quote from: aylabadia05 on August 03, 2021, 11:27:27 AM

It could put Crypto in trouble if all other countries followed China. However, I see from a different point of view, that the Chinese state is actually very interested in the sophistication that exists in cryptocurrencies, but they also have to maintain CBDC.

I thought that would not happen, very many countries welcome the presence of Crypto in their country except china, such as Japan and United States, there are even countries that legalize crypto as a mean of payment. For this reason very many large investors both companies and individual who put their funds in crypto, For example, the Tesla company will make crypto a legal tender for Tesla electric car.

bastian466

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Bad news always comes from this country from the past until now, surely every time something like this happens after the price reaches a new record. it's kind of a trick to lower the price.they used to ban bitcoin, now they ban mining I'm not weird with this kind of thing, actually crypto still exists today

aylabadia05

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Quote from: Bitbtc8 on July 30, 2021, 07:31:03 AM

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?

It could put Crypto in trouble if all other countries followed China. However, I see from a different point of view, that the Chinese state is actually very interested in the sophistication that exists in cryptocurrencies, but they also have to maintain CBDC.

lablab03

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Quote from: Bitbtc8 on July 30, 2021, 07:31:03 AM

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?

nothing will change IMO, coz alot of investors wants to be anonymous when it comes investing and etc, so they will still choose crypto currency than investing through currency from the country itself coz we don't know yet what will be the rules that will occurred in it. As the matter of fact crypto is still more convenient and profitable coz it's wolrd wide unlike those currency that soon will emerge in other countries which probably has a limitation and rules for each holders..

Macadonian

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The future is crypto and no country will stop that from happening the government are trying to bring in a bill which would require anyone providing a service for cryptocurrencies would need to require KYC to use their service which would apply to nodes to. If this bill passes it will be one of the biggest obstacles Bitcoin and cryptocurrencies have faced and if we can over come that the future is crypto.

Teknisi88

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if not China, then there are a number of other countries that will only be happy to take a leading position in bitcoin, it’s only a matter of time. Just remember how long this story with the confrontation of miners against the government, the result is always the same, bitcoin is not in danger.

Yes that's right.
China is indeed at the forefront of bitcoin, but it feels strange because the Chinese Government still restricts trading and mining of crypto assets.

5thFear

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One needs not to worry about cryptocurrencies. It the next stage of evolution in the financial world. So no matter what any country or person think and does to damage crypto industry, it won't make a big impact. Crypto will keep growing,.

MIner1448

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I am sure that the decision of the Chinese authorities to ban the mining of bitcoins is aimed at increasing the risks of losing the crypto-yuan in demand for their coin, because no one will ever be able to control bitcoin, especially since in China there has always been a policy aimed at increasing its assets or the country's resources, for example, development cryptoyuan. Who knows, maybe in some time we will see a rival to bitcoin in the person of the crypto-yuan.

Shasha80

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Quote from: maartenhaha on August 02, 2021, 09:01:38 AM

Quote from: michellee on August 02, 2021, 08:40:19 AM

Yes, maybe China does not like the bitcoin popularity bigger than their digital Yuan so they do not allow their people to use bitcoin and banned bitcoin. The more China denies and prohibits bitcoin, bitcoin will become stronger because many countries will support bitcoin in the future. China will not be able to defeat bitcoin or control bitcoin and hopefully, the China government will know about that sooner or later. But when China realizes that, that will be too late for them or their people to join in bitcoin because bitcoin will be in many countries.

China will not forever ban bitcoin activity and one day China will again support crypto because the crypto community in China will remain strong and the Btc market will continue to grow despite another FUD attack from China.

I admit that the crypto community in China is big and strong, unfortunately the Chinese government does not support crypto. Therefore,
sometimes Chinese citizens who use crypto have to carry out activities secretly or maybe move to other countries. Right now the Chinese
government is too arrogant, and doesn't want to accept crypto. Whereas sooner or later the Chinese government will realize the importance of
accepting crypto. But in the end the Chinese government will regret being late in accepting crypto, because other countries have accepted
crypto first. Even though I noticed that almost every year there is always FUD spread by China to make Bitcoin weaken and die. But in the end
the Chinese government plans always ended up failing, because Bitcoin was too strong to be destroyed.

cabron

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Quote from: ?? on ??

I think it's related to government regulation, if all countries do the same as china it will have an impact on the price of crypto for a while but for long time crypto will stay alive. remember the concept of cypto created is decentralized, so no one can control it. so I believe the future of crypto will be fine even if there are countries that restrict it

The regulation of countries to binance and cryptocurrency will legitimize its use to the people imo. There will be no stopping of cryptocurrency whether they like it or not, the people who prefer to have their own control of their money is the option for them. Whether CBDC will also exist in a country, there will still be option for the people to use crypto.

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