Trading should be supported by goverment - page 4.

Kelvinid

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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.

I don't think so. I'm not seeing these are the reason why the government never supports trading because, in the first place, they don't support crypto. They are poorly seeing crypto trading as a good opportunity for their people to grow or gain profit but seeing this thing gives them losses. Honestly, they'll think negatively. We can't demand their support as well for the reason that they don't like it.

We neither expect their support unless the time has come that cryptocurrency becomes legal and accepted globally as this will change their mind the way they look at it today.

GreatArkansas

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First, there are some governments who really strict with cryptocurrencies, so at first, if there will be any cryptocurrency-related, even trading or non-trading related, expect that they will be strict and for sure they have regulation about it.
So, about government will support trading, it's kinda impossible to be available for everyone as trading requires learning and dedication, it's not a difficult job, some are trading for a living so for sure the government will not risk money here.

cabron

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Quote from: ?? on ??

Yes if goverment support and i make profit can pay to them if i lose i dont lose my money or just some money goverment will bail me out

That's too good. The amount of collateral to guarantee the government you will profit to pay them will really be high. I don't think its even possible.

Allowances seem too much to think that you own the account and no one is forcing someone to trade currencies, it's a risky business that some funds managers kill themselves after losing money from their clients. Traders in FOREX suffer the loss on thier own despite the regulations they have. Trading cryptocurrencies will also be treated the same way. The government will see no reason but will discourage individuals instead of pursuing risky careers like crypto trading.

sheenshane

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Quote from: ?? on ??

Yes if goverment support and i make profit can pay to them if i lose i dont lose my money or just some money goverment will bail me out

So it means, it's a win-win situation on your side, isn't it?
I don't think so, the government when it comes to financial matters always cares that people should pay tax and if their profit belongs to the minimum taxable income. Another factor is, they don't support any form of gambling and trading maybe belong to that.

It's one-sided and it's in favor of you, the government will not accept this proposal of yours as we all know government always cares about taxes not how people benefit from the government.

palle11

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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

You have to know government don't like cryptocurrency and they won't like trading either. They see cryptocurrency as a frivolous venture that isn't built on any solid ground and that is why they try to ban it. They have called it bubble, they don't see anything realistic out of it and they won't support that kind of agenda. But you also brought in a funny part to it, you want government to take the losses while the trader takes the profit, this is impossible. No mentor will be cool with losses because you will be unserious if you only have business with profit. Government is business and they allowing you all the profit, they don't have gain.

Mahanton

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Quote from: CaVO32 on March 08, 2022, 04:23:24 PM

Quote from: goaldigger on March 08, 2022, 03:05:00 PM

Trading is not a way to make money easily, it takes a lot of time and sacrifices and the government discourage everyone to get evolve because of its risk.

Government will never get involve to trading because there’s no much money here for them and if there’s an insurance like this I wonder how much is the fees for that. The government can only regulate the exchanges, but they can’t totally control the trader so for me, this thing is not possible to happen.

What the OP is asking is not possible in actual scenario. As others have already posted their questions, in the end, government can't support losses if they have insurance because that means, they will also be getting that from its people especially from the working class. So do you think that's fair? It is not. If the government will support any activity, it should be for the benefit of its people, in general, not only the selected few who wants to gain something for themselves. This trading endeavor is for people who want to take the risk and they should use their own funds on this matter.

I dont know on where they do get that logic on having that kind of support considering that traders arent taxpayers? Plus having not paying on some insurances if they do really want some insurance but the question is,
is there insurance that would really be covering traders? They arent out of their minds on having those offering considering that this is prone to losses and having that playing safe isnt something that could fit out
into this industry which simply means that it couldnt be that possible and government arent fools on taking such step. For what for?

CaVO32

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Quote from: goaldigger on March 08, 2022, 03:05:00 PM

Trading is not a way to make money easily, it takes a lot of time and sacrifices and the government discourage everyone to get evolve because of its risk.

Government will never get involve to trading because there’s no much money here for them and if there’s an insurance like this I wonder how much is the fees for that. The government can only regulate the exchanges, but they can’t totally control the trader so for me, this thing is not possible to happen.

What the OP is asking is not possible in actual scenario. As others have already posted their questions, in the end, government can't support losses if they have insurance because that means, they will also be getting that from its people especially from the working class. So do you think that's fair? It is not. If the government will support any activity, it should be for the benefit of its people, in general, not only the selected few who wants to gain something for themselves. This trading endeavor is for people who want to take the risk and they should use their own funds on this matter.

Erumo

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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

What you are trying to say, that government must protect you from making mistakes during trading with your own money, and they must cover your loss by their funds. This is single-side proposal. If you want government to support you, then how you will support or help government? Dont name taxes, as you are already getting some benefits from paying them. You want their support, be ready to share profit. Will you agree to do that?

passwordnow

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

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.

You're already being taken care of the facilities and other programs that they have. But with this quote from yours? Are you trying to tell that people can spend money and lose them in trading and have a guarantee that the government will have them back? That's funny, no government will do that. If people want to trade, they should trade. Actually, in most of the businesses, trading is already happening. And that's what the government encourages to do.

Husires

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There is a difference between support and regulation, many of the policies in the stock market are regulatory policies, but government support for this type will eventually lead to failure.
Risk is what makes profits, and therefore zero risk means zero profit (or a ratio closer to zero)

The government intervenes in stock exchanges in regions for reasons such as:

During economic turmoil intervention reverses a sudden and rapid downtrend.
Stop trading when the price drops by more than 15% to protect the investors' money.
Efficient Markets Hypothesis and Lucas Critique.

Raymond Gary

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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 you said trading should be supported by Government,
The Question here is
Who will bear the lose?.
Who will gain the profit?,
and what category of traders are talking about, proffitional , average or newbies?.
That means any trader can wake up and ask government to support him ,so what if he or she wipes the entire account who's going to bear Such lose Governments?

I guess if this should be done there has to be a category of traders not all traders because Government is also out there for a business , meaning before going ahead and supporting it's citizenry in this Area, there should be a set of standard to be met for such empowerment and support.

Charles-Tim

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Quote from: ?? on ??

No no i mean goverment will support traders with money not taxes how can you pay taxes of casino ?

Probably you are still not getting me correctly, I completely understood you clearly. Even if the government want to support, it can not be in gambling, trading and other high risk means of earning. To be realistic, what the government are moving more towards is how to collect tax, not how to give allowance to traders that lose so they can lose more.

You do not need any allowance, if you understand how to trade, following the trading rules and be patient, you will at least make some profit. If you have tried to trade with little amount of money and you keep on losing, there is nothing bad to just hold, rather than depending on government on what they can not offer you.

Charles-Tim

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

Trading should be supported by goverment

Trading is supported all over the world, especially forex trading, also governments in a country that placed an implicit ban or that support cryptocurrencies still allow their citizens to trade cryptocurrencies.

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

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.

Is the government your broker or exchange that you are using for trading? What the government can look more into is how they can effective tax your crypto earning.

goaldigger

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Trading is not a way to make money easily, it takes a lot of time and sacrifices and the government discourage everyone to get evolve because of its risk.

Government will never get involve to trading because there’s no much money here for them and if there’s an insurance like this I wonder how much is the fees for that. The government can only regulate the exchanges, but they can’t totally control the trader so for me, this thing is not possible to happen.

SirLancelot

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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.

Trading is literally a peer-to-peer exchange. It means, when one trader is profiting then on the another end, someone must be losing. Because, the money you are profiting from trading is not coming out of the heaven but from some other traders' capital. If government decides to reward you for your profit then that prize money will come from where? (Appreciating individual's performance is not government's duty in any country).

Similarly, if your trades are insured then insurance company will go bankrupted over the time because every day someone will be losing and they cannot sustain with such a business model (You must study about the common business model of insurance companies, then you will skip such a questions).

Dillonhebist

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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.

jackg

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https://bit.ly/387FXHi lightning theory

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

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.

This feels like you're explaining paper trading or demo accounts but expecting them to give you any profits you make and forgive any losses - this sounds like a bad idea, especially when the $1k/month can pay for things more important.

mk4

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There can be a fine line between trading and mere gambling when it comes to how most people do it would be really dumb to provide some sort of special insurance; probably outside of bankruptcy declaration if you're trading under a business entity/company.

325btc

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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

Topic: Trading should be supported by goverment - page 4. (Read 432 times)