Topic: Trading should be supported by goverment (Read 432 times)

A very strong assertion, could you show us then the law that mandates people to trade against their will? Because I am sure that a lot of people would like to see it, but in all seriousness I doubt there is a single country around the world with a law anywhere close to what you state, so with that being said then trading is optional, and since it is optional and people decide to undertake the activity anyway then they are completely responsible for the losses and profits they get out of the markets and as such no support needs to be given by the government.

Of course there won't be a regulation like this. There is nothing like this in anywhere around the crypto world, nor is there in the finance world. The only possibility of this would be crypto getting into banks, and then banks getting saved from bankrupting, that's it.

Why would governments pay traders to trade? Like why? That makes no sense at all, regulations like these costs tax payers money, government doesn't have its own money, they take taxes from you and me and that is how they make their profit. This is why I believe that we are in a situation where things are dangerous and we need to stay away from it as much as we can.

Governments should take consideration the idea of the young one’s especially when it comes in technology. The understanding of the old official governments were based on books and experience that requires more time to study. However the young are more into a simple yet efficient way of using technology that can benefit in their job. What the government see is the scammers and problems reported online but not the benefit that can also be contributed in their people if only they will consider it.

I don't believe that all governments can support trading, particularly cryptocurrency trading, because some governments have yet to accept cryptocurrency in their nations, let alone provide their own trading support.
If they decide to give out cash for trading, some traders would waste the money, and Others will use it as well. As a result, I don't believe the government will support or provide funds for trading.

I think yes with your analysis of old people in government as leaders apart from Macron the French president, the most are 60 and above and so they have ideas of a little backward not same with youths idea. For example the smart phones are more in use by the young people and technologies too. The numbers of cryptocurrency traders is very much high in youths and the government promising to provide jobs but no reality on that yet they ban cryptocurrency investment or trading.

That is to say, when one merchant is benefitting then on the another end, somebody should lose. Since, the cash you are benefitting from exchanging isn't emerging from the paradise however from another dealers' capital. I can't help thinking about how much is the expenses for that. The public authority can direct the trades, however they can't absolutely control the dealer so as far as I might be concerned, this thing is unimaginable to expect to occur.

If a thing is gonna be like this, the government will really also control cryptocurrencies, will also control our crypto activities. they will ask for the taxes. And when we need insurance for our trading, we must also pay for insurance. And this will be complex, there will be many regulations about this.
And personally, I will not expect this kind of regulation. Trading is at our own risk. When people are deciding to trade, we are deciding to accept the risks also, if we won't the risks, never do trading because trading is also risky.
It is like in the traditional trades in the traditional markets, if they are losing and not getting profits, will they get some insurance from the government? I don't think so, except that they exactly pay for the insurance itself and this may be from certain companies or services.

In my country itself, cryptocurrency is legal as a commodity asset, for trading or investment, both for short and long-term investment, but under our own risks. that is why government always notices that we are doing trading the coins that have good fundamentals, not hype or shitcoins that will lead us to gamble, not trading. We are expected to be more careful because trading is very risky, once we are trading, we have been aware that we should also take the risks.

 I definitely agree. Governmnets do look like a bit of a backwards because mainly its filled with old people. Look around the world and "most" leaders are over 60 years old. Of course there are some exceptions but most of them are, in fact most of them are closer or over 70 then 60. Sure some people like Macron or Justin could be under by a clear margin, but I meant most, not all. So those old people do not get it, they barely got used to smart phone era, let alone try to figure out what is crypto and how it should be approached. Which leaves us with one thing, they either will be advised by someone who is against crypto, and that would be bad, or be advised by someone supporting it and be great for us.

Your government and mine could be very different. My country once banned wikipedia, which we all know is not really bannable since we can use it with VPN very easily without a problem. However, they banned wikipedia, can you see how idiotic that is?

This is why I am sure that our government could always try to ban something, or meddle with it, or whatever, there is nothing wrong with that in the sense that they can do whatever they want and we won't be able to stop them, if you ask me all the governments in the world are filled with idiotic corrupted bad people, not just one nation or the other, ALL of the governments of the world.

If get support from the government? then it's not necessarily good...

I mean, trading is a personal activity that is carried out consciously and without coercion. Even now, trading cannot be said to be a stable job. the government is only needed to be the supervisor of the trading platform, not to be a supervisor or supporter of the person who trades. imagine how much the government would have to pay if they were fully responsible for traders' activities.

If such allowances exist we will have less traders and more gamblers and secondly the regulations around crypto exchanges will even get more tighter. Traders should be responsible for their funds and how the source them so that in that way they will spend time doing proper analysis and also be willing to learn from lost trades knowing what it took them to fund their accounts

You get my point and is this same risk is the reason why some people consider crypto trading to be gambling because every forecast and decision doesn't guarantee a good result until you see the outcome of the trading. Besides, stats show that 95% of crypto traders make losses while 80% later quit.
If the government hasn't provided adequate insurance for real-life settings that they fully understand why would they do it for cryptocurrency that 95% of them is yet to understand its concept.

your money is your own responsibility. Your trade is your own trade, it has nothing to do with the government that has to provide insurance or guarantees if you lose on a trade. If the loss is your own problem and do not expect money back, because consciously you have made a trade.
The government only provides regulations for trade, not to provide insurance.

It looks like you are afraid to lose money in trading and imaging things to be in favor of you? Why would the government fund you in your trading? Government will not grant you something unless you have a collateral the least you can do is take a loan from them? Why would they support and grant you allowance for your trading it is like government is funding you to gamble.

The government won't waste its time and money on an uncontrollable market like crypto. And neither to think that traders want it to, in fact, we know that trading gives us no assurance, and I believe that the government won't shoulder anything for this. If we know the government allows us to make a trade and legalized this, I think that was enough as to expect their back-ups, that seems impossible. I really don't think it.

The government will never take responsibility and that is what we know. They gave support to the banks but not in crypto.

Really!

The real thing is to force these companies to have a fund in case of hacks, bankruptcy, etc. Binance already has something similar, that is the point here, if you are going to do KYC that the government offers you a legislation that obliges these companies (exchanges) to protect the funds of its users, but it is worth asking yourself, do you have an idea of how banks cover deposits in case of financial emergencies... you would be surprised to know.

Besides it is impossible for this to happen, in fact in most countries there are restrictions to the type and number of markets you can access, and unless you prove yourself to be an accredited investor then you will never be able to access those markets.

And if we are honest even if we as citizens do not like to be restricted in our freedoms it is easy to see the reasons behind this decision made by the governments, if we take a look at this market we can see that now the main interest of newbies is not on solid coins like bitcoin, and instead they are interested in NFT, metaverse coins and meme coins, which are not exactly known for giving sustained profits over a long period of time and instead they are incredibly risky investments, and yet a lot of people take that risk every day, justifying the decision of the government to restrict the access to the markets as most people are not ready for them.

What trading are you talking about? I don't think there are any government where they banned any sort of trading.
Lol, what? Then there is no risk and only profit. Everyone would be trading and the price would keep on increasing. Doesn't make sense at all.
Once again doesn't make sense. You want to trade with money that you receive for free. Meaning no risk at all.

Haha why would any government in the world support traders with these subsidies? Trading is a 100% loss activity for beginners which means all the beginners are always going to lose some money when they start. If the government starts giving them incentives in the times they lose, the government will have to pay huge sums out of taxpayers' money. Moreover, if you are assured that you are going to recover the lost money from the government you on your own won't take the thing seriously. Government can support traders who are trading in real life helping in bridging the geographic gap between manufacturers and retailers but it makes no sense for government to support retailers sitting in front of their screens to press buy and sell buttons.

That’s not good for government treasurer. This will blow up the whole ecosystem of trading and also Government funds. I’m not sure how this can be meaningful for the trader or even government to do this. Trading is completely based on the individual perspective, they are free to do it and stake the money based on how companies and businesses are doing in the market. Well, shares money actually goes into development of their businesses so no wonder this bounce back to you again what we call as profits! Not sure what Government has got to do anything with this one.