The future of crypto - page 5. | Bitcointalksearch.org

DarkDays

legendary

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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 crypto and blockchain industry has expanded so much that one country's ban will not affect it.

If you think about it, China had almost no choice but to remove digital currency competitors to enable their own digital coin to become the norm.

Even if other countries will follow suit, they will do so at the expense of losing highly intelligent people who are an asset to their economy (just like China did as most crypto people had to move abroad), blockchain based businesses which are innovative with disruptive potential will also be at risk...

This type of decision is a heavy one to make because it heavily affects the economics of that country, and with crypto expanding more than ever the task will be challenging which is why the regulatory approach seems far more reasonable.

rosebrand

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No matter what China does, bitcoin will still find it's way through, no matter the ban we can still bet that there are still Chinese citizens who still hodl and trade bitcoin in order to make profits, and about other countries joining them, this can't be possible but if it happens bitcoin will still survive because there are tons of big investors who believes in bitcoin and would always want to buy up any dip there see. Most countries bans bitcoin but it's citizens still continue their activities with bitcoin.

Insomnia family

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Problems like that will always arise at any time, be it today, the day after tomorrow and so on. Not only China or even Korea, but there are still many countries out there who don't like the cryptocurrency industry. so don't be surprised if governments in every country in the world oppose policies or other things related to the cryptocurrency industry.

Rahman11

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I think it’s a common policy from this kind of Autocratic communist government, they're always denied freedom of all sides like this kind of also, cryptocurrency is totally decentralized so this type of government want to control over this type of freedom.

travwill

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Quote from: mamesso on August 01, 2021, 03:57:51 AM

Because China is a communist country. Chinese government bans crypto in their country because they don't want cryptocurrencies to compete with Yuan, Moreover, cryptocurrency cannot be controlled by a state institution. Even though China banned crypto, but it will never stop the development of crypto in the future, because some countries on the European continent and the American continent have welcomed the presence of cryptocurrencies.

Of course it won't. We know enough examples of such prohibitions in history, this always leads to the fact that the demand for prohibited things increases.
China will really have to spend a lot of effort to gain at least some control over the movement of cryptocurrency funds of Chinese citizens.

Digital_Lord

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It will not happen. I don't think that the other countries will follow China and ban mining in their country. It will give a loss to the country that will ban it. Maybe china allows mine Bitcoin in their country.

mamesso

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Quote from: Teraboy on August 01, 2021, 06:24:30 AM

Quote from: mamesso on August 01, 2021, 03:57:51 AM

Chinese government bans crypto in their country because they don't want cryptocurrencies to compete with Yuan, Moreover, cryptocurrency cannot be controlled by a state institution.

Agreed, that's why this country is against crypto by banning it right now. So many times people have been saying that if we can't enter to the china and there are lots of countries will welcome to the crypto.
it seems like there are more and more countries will be using crypto for sure.
It's just the matter of time until crypto will become a very very big thing for sure.

Although china is against the presence of crypto in their country, but there are still so many countries that welcome the presence of crypto, Cryptocurrencies don't need support from China to thrive, because cryptocurrency is a digital currency that is used as a virtual transaction tool in the internet network and has a decentralized nature, with the advantages of using blockchain technology, will make it easier for each user when making transaction.

maartenhaha

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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.

michellee

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Quote from: Shasha80 on August 02, 2021, 03:29:47 AM

Quote from: michellee on August 02, 2021, 03:07:27 AM

~

It is possible that China considers Bitcoin as a threat to the digital Yuan, so China does various ways to make Bitcoin die. Like spreading FUD and
banned Bitcoin, but China forgets that whatever it does will not make Bitcoin die. No matter how many times China tries to bring down Bitcoin,
Bitcoin will always rise again. Maybe China thinks they're a big country, so China is quite confident in what it is doing. But no matter how Bitcoin
can't be stopped, Bitcoin will always grow, there is still a lot of demand for Bitcoin. It is proven that the price of Bitcoin is increasing every year,
meaning more and more people are investing in Bitcoin. So never doubt the future of Bitcoin.

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.

Chuky92

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Nowadays it looks more like banned news from China do not bother anyone again, I mean every now and then, one ban news or the other, one might even ask if at all they have any thing like good news. We have been hearing about their banning crypto and so on, but looks like miners are already fade up with their consistent disruption of their business hence moving to other regions mostly the North America, at least this will reduce their Influence on the market a whole lot, and as it reduces their Influence it takes them backwards. The future of crypto is already mapped out and that is, it will only keep getting better, because it will be hard for any country to totally stop their citizens from using crypto even though they have their own national digital currency.
Therefore, ban news or whatever fud from China no longer move many as it used to, because the adoption is getting more interesting and intense.

Shasha80

sr. member

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Quote from: michellee on August 02, 2021, 03:07:27 AM

Quote from: Shasha80 on August 01, 2021, 03:15:56 AM

Quote from: michellee on August 01, 2021, 03:01:52 AM

~

No single country is able to control Bitcoin, so China banned Bitcoin and also spread FUD about Bitcoin several times. It only makes Bitcoin price
drop temporarily, so I believe China will never be able to stop Bitcoin's growth. Therefore almost every year China always tries to drop Bitcoin,
but its efforts always fail, because the price of Bitcoin is still rising. Even now that Bitcoin price is starting to recover by rising above $40k, I believe
the future of crypto is bright, and China will not prevent that from happening. I don't know if China has any secret plans for Bitcoin, for sure we
shouldn't worry and panic about what China is doing to Bitcoin.

China can not stop bitcoin. That is why they spread FUD about bitcoin because they have another plan for bitcoin. Maybe they want to see the bitcoin price is down deeper to buy many bitcoin with their money. But we hope every time China spreads FUD, it will not impact the bitcoin price, and even if that is impact, the impact will not be too big. I also believe the bitcoin price will rise in the future, even it will pass $60k and although we need to wait for more, we consider that it will be our time to accumulate more bitcoin. Yes, we should not worry about anything, including if China spreads another FUD.

It is possible that China considers Bitcoin as a threat to the digital Yuan, so China does various ways to make Bitcoin die. Like spreading FUD and
banned Bitcoin, but China forgets that whatever it does will not make Bitcoin die. No matter how many times China tries to bring down Bitcoin,
Bitcoin will always rise again. Maybe China thinks they're a big country, so China is quite confident in what it is doing. But no matter how Bitcoin
can't be stopped, Bitcoin will always grow, there is still a lot of demand for Bitcoin. It is proven that the price of Bitcoin is increasing every year,
meaning more and more people are investing in Bitcoin. So never doubt the future of Bitcoin.

michellee

hero member

Activity: 2604

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Quote from: Shasha80 on August 01, 2021, 03:15:56 AM

Quote from: michellee on August 01, 2021, 03:01:52 AM

Yes, it is. Whether China still banning and even prohibiting its people from mining bitcoin will not stop bitcoin from growing because many countries still support bitcoin. China will regret that and I think China has a secret plan for bitcoin. Maybe the China government wants to mine bitcoin for themselves and not allowing their people to benefit from bitcoin. It gives the other miners a chance to mine bitcoin and they will use that for their own benefit.

No single country is able to control Bitcoin, so China banned Bitcoin and also spread FUD about Bitcoin several times. It only makes Bitcoin price
drop temporarily, so I believe China will never be able to stop Bitcoin's growth. Therefore almost every year China always tries to drop Bitcoin,
but its efforts always fail, because the price of Bitcoin is still rising. Even now that Bitcoin price is starting to recover by rising above $40k, I believe
the future of crypto is bright, and China will not prevent that from happening. I don't know if China has any secret plans for Bitcoin, for sure we
shouldn't worry and panic about what China is doing to Bitcoin.

China can not stop bitcoin. That is why they spread FUD about bitcoin because they have another plan for bitcoin. Maybe they want to see the bitcoin price is down deeper to buy many bitcoin with their money. But we hope every time China spreads FUD, it will not impact the bitcoin price, and even if that is impact, the impact will not be too big. I also believe the bitcoin price will rise in the future, even it will pass $60k and although we need to wait for more, we consider that it will be our time to accumulate more bitcoin. Yes, we should not worry about anything, including if China spreads another FUD.

Teraboy

hero member

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Quote from: mamesso on August 01, 2021, 03:57:51 AM

Chinese government bans crypto in their country because they don't want cryptocurrencies to compete with Yuan, Moreover, cryptocurrency cannot be controlled by a state institution.

Agreed, that's why this country is against crypto by banning it right now. So many times people have been saying that if we can't enter to the china and there are lots of countries will welcome to the crypto.
it seems like there are more and more countries will be using crypto for sure.
It's just the matter of time until crypto will become a very very big thing for sure.

el kaka22

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I still seriously consider that crypto will be alternative payment method in the world. I know we are long way further from it, I know that there is still a lot of things that need to be fixed before that happens, mainly the fees considering how high they are and they are a big reason why we do not have a daily stuff, but at the end of the day we are talking about something that should not even be a question, it is such an easy way to store your money away from the bandits that are banks and governments. Isn't it sad that instead of being afraid of criminals, we are more afraid of the wealthy and the powerful?

Those people like politicians and bankers and big corporation CEO's are more dangerous than all of worlds criminals combined, you can take out every single criminal in a jail and put them in congress and put every congress member in jail, and the world will not be "that" different compared to today.

mamesso

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Because China is a communist country. Chinese government bans crypto in their country because they don't want cryptocurrencies to compete with Yuan, Moreover, cryptocurrency cannot be controlled by a state institution. Even though China banned crypto, but it will never stop the development of crypto in the future, because some countries on the European continent and the American continent have welcomed the presence of cryptocurrencies.

Princejebs

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Activity: 560

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Quote from: G-Money7777 on July 31, 2021, 06:34:25 PM

Future of crypto is Privacy Protocol tokens.

Monero for transactions, Opacity for Storage, Waves for DEX

You just mentioned all your whats contained in your bags. Nice one buddy Grin

Old coins or rather old project are still the most performing assets with good future, in my opinion though.
DeFi where all shouts and noises except the ones who. Luckily get listed on Binance and are still patronised by its whales. Majority of them are down, the worst are still doge killers.

Shasha80

sr. member

Activity: 1876

Merit: 318

Quote from: michellee on August 01, 2021, 03:01:52 AM

Yes, it is. Whether China still banning and even prohibiting its people from mining bitcoin will not stop bitcoin from growing because many countries still support bitcoin. China will regret that and I think China has a secret plan for bitcoin. Maybe the China government wants to mine bitcoin for themselves and not allowing their people to benefit from bitcoin. It gives the other miners a chance to mine bitcoin and they will use that for their own benefit.

No single country is able to control Bitcoin, so China banned Bitcoin and also spread FUD about Bitcoin several times. It only makes Bitcoin price
drop temporarily, so I believe China will never be able to stop Bitcoin's growth. Therefore almost every year China always tries to drop Bitcoin,
but its efforts always fail, because the price of Bitcoin is still rising. Even now that Bitcoin price is starting to recover by rising above $40k, I believe
the future of crypto is bright, and China will not prevent that from happening. I don't know if China has any secret plans for Bitcoin, for sure we
shouldn't worry and panic about what China is doing to Bitcoin.

cryptoknows

jr. member

Activity: 277

Merit: 5

Thanks to cryptocurrency, many people around the world have become richer, some have become multibillionaires in less than a year. Of course, a monopolistic country like China does not really like this situation, but when huge technologies of the future are behind the cryptocurrency, for example, like the Near Protocol, then no one can stop this machine, because Near has an excellent fundamental technology, this will allow the Internet to reach a completely different level. And this is only one project out of a hundred. Therefore, no one will be able to stop the development of cryptocurrency, one way or another, this is future humanity

michellee

hero member

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Quote from: NewRanger on August 01, 2021, 01:09:20 AM

Quote from: ?? on ??

I think the future of crypto will be fine and we don't have to worry about that because this is a long investment, even though there are many prohibitions in several countries in China, for example, many miners are banned in some areas in China against miners. the crypto world, and today we can see for ourselves that currently bitcoin is still fine and is not affected by anything, it must be banned in various countries, especially in China

No need to worry about China banning, they did it for several times and failed to make cryptocurrency especially bitcoin dying. honestly i am very glad when alot miners moved from CHina , we will see true decentralized market and China will not dominate again and could do FUD as they want.

Quote from: ?? on ??

For me, the future of bitcoin will be great and successful and as usual for every success, there will be hate and bashers that will try to take it down but I dont think that it will happen, bitcoin and cryptocurrency already brought so many good things to many countries so dont worry about those who will try to make it down.

it wil have greater future than before , no one could controll cryptocurrency even that super power country like CHina . since bitcoin launched day by day we see adoption in several place , alot people attracted with technology.

Yes, it is. Whether China still banning and even prohibiting its people from mining bitcoin will not stop bitcoin from growing because many countries still support bitcoin. China will regret that and I think China has a secret plan for bitcoin. Maybe the China government wants to mine bitcoin for themselves and not allowing their people to benefit from bitcoin. It gives the other miners a chance to mine bitcoin and they will use that for their own benefit.

NewRanger

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Quote from: ?? on ??

I think the future of crypto will be fine and we don't have to worry about that because this is a long investment, even though there are many prohibitions in several countries in China, for example, many miners are banned in some areas in China against miners. the crypto world, and today we can see for ourselves that currently bitcoin is still fine and is not affected by anything, it must be banned in various countries, especially in China

No need to worry about China banning, they did it for several times and failed to make cryptocurrency especially bitcoin dying. honestly i am very glad when alot miners moved from CHina , we will see true decentralized market and China will not dominate again and could do FUD as they want.

Quote from: ?? on ??

For me, the future of bitcoin will be great and successful and as usual for every success, there will be hate and bashers that will try to take it down but I dont think that it will happen, bitcoin and cryptocurrency already brought so many good things to many countries so dont worry about those who will try to make it down.

it wil have greater future than before , no one could controll cryptocurrency even that super power country like CHina . since bitcoin launched day by day we see adoption in several place , alot people attracted with technology.

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