Trading should be supported by goverment - page 2.

Fatunad

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Quote from: suzanne5223 on March 10, 2022, 01:37:19 PM

Before you could think of the government supporting cryptocurrency, you also have to put the government stance towards crypto into consideration and if it happens that the government of a certain country supported crypto trading, the provision of an insurance system is something that I don't see happening from the government end because the risky involve in crypto trading is always stated clearly.

Considering that there were no insurance companies or businesses that do get involved with trading aspect then you could really say that it is really excluded of their options yet it is true
that risk on losing money is high and no dumb owners or businessmen would consider out on diving on such industry.How much more for government to do so?
They wouldnt really be that too dumb on supporting into something which they dont accept nor legalize on the first place.

suzanne5223

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Before you could think of the government supporting cryptocurrency, you also have to put the government stance towards crypto into consideration and if it happens that the government of a certain country supported crypto trading, the provision of an insurance system is something that I don't see happening from the government end because the risky involve in crypto trading is always stated clearly.

Odusko

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Quote from: JayTrain on March 10, 2022, 01:10:05 PM

no state will do this, for one simple reason, many people, not understanding the risk of losing their savings in trading, will blame the state and there will be a lot of disputes on this score, these are big risks for any state.

Exactly and if the government support trading some forks will abuse the system by becoming addicted since they know even if the profits or losses during trading the government will give out the reward, this is the most absurd statement I have heard for a while now. No government will ever do that rather their will create restrictions around trading.

JayTrain

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no state will do this, for one simple reason, many people, not understanding the risk of losing their savings in trading, will blame the state and there will be a lot of disputes on this score, these are big risks for any state.

FanEagle

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Just removing the high taxes would have been fine. However, you have to realize that all of the governments of the world are out of money right now. Between the pandemic, the elections, the horrible inflations, the lack of workers, the war right now, oil wars and all of that combined, governments are doing horrible.

It means that there is absolutely nothing wrong with the current situation. Obviously, governments will get as much taxes from people as they possible can. If you do 100% taxes on profits, obviously it wouldn't work, so there is a correct number where you can get the most taxes and they will keep on doing that.

Tellek Garing

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Am finding it hard to comprehend the part you mentioned insurance as if that is not enough I also see where you mentioned mandatory, well to me trading has nothing to do with the two offer mentioned world, trading is just a business and once you have the necessary trading skills you will easily gian, but in time of lose no body will reward you because a trader is not under any insurance cover.

If trading is ok for you, go ahead and keep trading but if a trader always lose that shows that trader lack the required skills for profits making.

Cling18

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Quote from: Natalim on March 09, 2022, 05:48:34 PM

People will do trading as they love it, not because they saw support from the government. If ever the government will encourage us to do trading, not because they support and provide us capital, they'll somehow know that crypto trading is worth to risk and profitable. But unfortunately, they never encourage us, they always reminding as the risk and even said that they don't take responsibility for whatever happens to us traders. That's the point that they don't and of course, we don't like them to touch us nor manipulate us.

The government wouldn't support crypto trading. They don't like decentralization because they couldn't control and manipulate it. They only see it as a treat so it's impossible to get support from them. It's also a good thing because if they would back up crypto trading, people might only see it as a shortcut to success without being mindful of its risks.

lixer

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Quote from: ethereumhunter on March 09, 2022, 06:30:09 AM

Governments support trading, but it will depend on each government when it comes to crypto trading. There are still countries that have not provided support for crypto. If, in your country, your government support crypto, then you can use it freely and you can earn money from crypto.

What reward or insurance system do you mean? If that means the government will compensate for your lost funds in trading, I don't think they will give it or cover your loss because if you choose to trade, that is your choice and you have to know how to manage your money.

The gray zone countries are fine, they do not put too much regulations by making it legal, but they do not outright say that it is illegal neither. I believe that we should not be shocked about the fact that crypto has been a bit in the gray zone because it is something the world has never seen before.

Nowadays we are hearing nations making decisions obviously, but that doesn't change the fact that there are still some nations who are taking it a bit slow. The ones that made it legal, like you could trade and all without a problem but at the end of the day you would be required to pay a hefty sum of tax as well, so not sure if that's better or worse.

ufaiz50

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Getting the government involved in tiding will surely inflict corruptions, unfair taxes rate, and a lot more complications in the market. I agree with most of the users here that this idea is really absurd and would cause more negative than of benefit to the traders. And that insurance is not really a feasible thing because it would just lead to bankruptcy of the insurance company, and people being buried to their debts and other obligations.

Questat

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Quote from: traderethereum on March 09, 2022, 11:08:11 PM

Quote from: ?? on ??

All what i mean by that is to create system for us to not work its energy and resources efficent if 10% people of population only do the real work.
Others can be investors and traders.
Its a perfect way how the world should be

I think it has started happening now that when the pandemic hit and made many people lose their jobs, they started trying to develop their creative ideas through the internet.
Indirectly, some people have started using trading to make money.
This year is the year of moving from traditional to digital ways and has attracted many people to start trying.
Many people have well try to use the trade itself and it seems the government is giving support to the people.
Government regulations may be subject to change if more people join in and use trading to make money.

And that Government Regulations give no help, traders don't like seeing the government will take control of the market. If the government will push it through, everything will change as it is surely we gonna be pay taxes, manipulate the price, and so even our profit. I'm not sure if this it looks great and gives interest but this likely it gives the reason for the traders to leave.
We have seen many become a trader as the pandemic hits because they don't have other option to earn income, not because the government shows it.

AicecreaME

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This is not gonna happen, trust me.

Governments all over the world are full of corrupt politicians who are only interested in their own benefits. They can't even support their citizens on agriculture, can't even end poverty, can't even help to fight climate change, there's no hope for them. Politicians will only help people for a while if the election is near, after that, citizens will go back to their everyday routine which is to survive on their own while the politicians who promised to help them are stealing their taxes.

So yeah, it is impossible, especially when we're talking about cryptocurrency that most of the Governments for sure want to control it but sadly they can't.

Ararbermas

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Do you mean you want them to give us an opportunity to make money with trading even win or lose?

I think its very impossible to happen, because obviously they can't get benefits from it and as the matter of fact most of the government are not a crypto friendly because of common reason that until now they still not agree on cryptocurrency. So how is that possible to happen?

Maybe they will support us trading with stocks but there's no way they will fund us to trade because it didn't make sense. Cheesy

Tellek Garing

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Quote from: Dillonhebist on March 08, 2022, 12:26:03 PM

I don't think it a good idea for government to support trading.

Reasons are;
1. It will promote more scam because the fund is untraceable
2.it wil promote hardship to the poor individuals
3. Promote rubbing
4. It will be difficult for our aged parents to adjust to the development of trading.

Well, it depends on the kind of trading if you are trading in cryptocurrency that's the only aspect where government law has not covered and this is because the government sees crypto trading as a highly risky trade that can lead to instant bankruptcy.

But trading in approved commodities is approved by the government and that is why we have a stock market, forest trading, and the rest of the exchanges we have in the centralized financial system

bitgolden

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Quote from: Potato Chips on March 09, 2022, 02:54:05 AM

If they were to support ppl's endeavours, it wouldn't be on something as fragile as trading and something they are hostile about like cryptocurrencies (most countries are). In additon, even scholars and promising athletes aren't guaranteed of financial support if they keep on failing... I doubt it's gonna be any different for anything else. In fact compensating ppl's losses would just make it easier for them to fool around.

You are right about that, most people see trading on cryptocurrency and things like this as a way for them to just get rich quick. And there are lots of new traders who are very careless about trading, most of them don’t even take out their time to study and get knowledge about how it works, and how to create their own strategy that they would be using for that trade, rather they would just jump in and start trading while they have no knowledge at all. This as a result leads them to lose lots of money at the end.

So, imagine that the government is to bear those losses for them, then it is going to be a regular loss for the government and they would be losing lots of money. So, anyone who is not careful about their trading, even after that they have been warned about it that there are risks involved, then they should bear the losses and consequences of whatever actions they decide to take.

Inspiron14

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Quote from: traderethereum on March 09, 2022, 11:08:11 PM

Quote from: ?? on ??

All what i mean by that is to create system for us to not work its energy and resources efficent if 10% people of population only do the real work.
Others can be investors and traders.
Its a perfect way how the world should be

I think it has started happening now that when the pandemic hit and made many people lose their jobs, they started trying to develop their creative ideas through the internet.
Indirectly, some people have started using trading to make money.
This year is the year of moving from traditional to digital ways and has attracted many people to start trying.
Many people have well try to use the trade itself and it seems the government is giving support to the people.
Government regulations may be subject to change if more people join in and use trading to make money.

Trading is indeed a good thing to increase income and the profits we get by trading can also be large,
but all of that of course must be supported by good knowledge and skills because we know that trading is very risky,
and in this case I think the government has a role in making regulations and I hope the regulations made can really make it easier for traders

traderethereum

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Quote from: ?? on ??

All what i mean by that is to create system for us to not work its energy and resources efficent if 10% people of population only do the real work.
Others can be investors and traders.
Its a perfect way how the world should be

I think it has started happening now that when the pandemic hit and made many people lose their jobs, they started trying to develop their creative ideas through the internet.
Indirectly, some people have started using trading to make money.
This year is the year of moving from traditional to digital ways and has attracted many people to start trying.
Many people have well try to use the trade itself and it seems the government is giving support to the people.
Government regulations may be subject to change if more people join in and use trading to make money.

GiftedMAN

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Quote from: 325btc on March 08, 2022, 09:29:14 AM

Trading should be supported by goverment
Also should be some kind of reward or insurance kind of system if you lose you dont lose your own funds but they are free this way more people want to trade.
Goverment can easy support traders with traders social support allowonce i name it tssa allowonce monthly to spend like 1000-10k or if you have a business account then even more support

I believe traders will be encouraged and motivated if the government supports them by raising funds to assist them in their trade. The government can set up an organization like a traders organization to help bring the traders together thereby helping them with trading capital.
This will bring more people, especially those that know how to trade very well. The government may decide to give out loans without collateral to traders with low-interest rates because most traders will feel reluctant or lazy if the government give out money without an interest.

24Kt

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Quote from: Mahanton on March 09, 2022, 05:52:40 PM

Quote from: Natalim on March 09, 2022, 05:48:34 PM

People will do trading as they love it, not because they saw support from the government. If ever the government will encourage us to do trading, not because they support and provide us capital, they'll somehow know that crypto trading is worth to risk and profitable. But unfortunately, they never encourage us, they always reminding as the risk and even said that they don't take responsibility for whatever happens to us traders. That's the point that they don't and of course, we don't like them to touch us nor manipulate us.

They wont really be supporting on something which is totally decentralized even though platforms been used are centralized but still they would be looking those people who are engage with crypto would be totally opposite on overall centalization and also on what would be the benefits that they could get if they would provide such support? Knowing that you could simply hid off your overall profits without even
being traced up which means that they wouldnt be gaining nothing so why would they do such thing on the first place?

They won't support this kind of activity as there are many loopholes that they may end up losing rather than gaining. Also, how would they know about the capability of the trader who would want to request for a support. This kind of endeavor is not for government consumption but this falls on personal endeavor. I don't think it is fair also that the government will carry the burden of your losses, by using other people's taxes.

DoublerHunter

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Quote from: 325btc on March 08, 2022, 09:29:14 AM

Trading should be supported by goverment
Also should be some kind of reward or insurance kind of system if you lose you dont lose your own funds but they are free this way more people want to trade.
Goverment can easy support traders with traders social support allowonce i name it tssa allowonce monthly to spend like 1000-10k or if you have business account then even more support

^ If that is related to stocks which are centralized assets it could be supported by the government but that is crypto trading which is BTC itself is decentralized and even the government can not collect tax with it or it can not be benefited and it could be the reason that the government won't support this crypto trading. I don't know what is the mean by the OP here if Op loses it means the government will cover that loss? I don't think so if there is someone willing to do that, it is your risk to join and you know that in the first place.

Mahanton

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Quote from: Natalim on March 09, 2022, 05:48:34 PM

People will do trading as they love it, not because they saw support from the government. If ever the government will encourage us to do trading, not because they support and provide us capital, they'll somehow know that crypto trading is worth to risk and profitable. But unfortunately, they never encourage us, they always reminding as the risk and even said that they don't take responsibility for whatever happens to us traders. That's the point that they don't and of course, we don't like them to touch us nor manipulate us.

They wont really be supporting on something which is totally decentralized even though platforms been used are centralized but still they would be looking those people who are engage with crypto would be totally opposite on overall centalization and also on what would be the benefits that they could get if they would provide such support? Knowing that you could simply hid off your overall profits without even
being traced up which means that they wouldnt be gaining nothing so why would they do such thing on the first place?

Topic: Trading should be supported by goverment - page 2. (Read 431 times)