Topic: Warning signals regarding cryptocurrencies investments (Read 244 times)
Cryptocurrencie seemingly contain the great danger for whole world's financial system since the autorities shows such disturbance. Very interesting.
That is a good sign because it shows how big the cryptocurrency market is.
In 2017, the market cap rose over 3000% making governments more interested in it and willing to get their part from it (500 billion USD).
All their intention is ta have control over that market but it will not be possible simply because of the decentralization of the network.
Warnings and meetings will bring more investors and more people will hear about Bitcoin.
In 2017, the market cap rose over 3000% making governments more interested in it and willing to get their part from it (500 billion USD).
All their intention is ta have control over that market but it will not be possible simply because of the decentralization of the network.
Warnings and meetings will bring more investors and more people will hear about Bitcoin.
yes, indeed many countries have opposed about cryptocurrency. However, we can see recently many bank industries have begun to introduce Blockchain technology, although not specifically. I am not sure why the government does not recognize the power of Bitcoin
Banks using blockchain technology and the power of Bitcoin is two different things. Banks can befefit from the blockchain technology, thay can cut their costs with implementing such systems but this is not Bitcoin and this won't allow or force them to deal with Bitcoin in any way. I have seen in the new that some South Korean (?) banks implemented the function of buying bitcoin into their ATM-s, but they don't let you trader or they don't buy Bitcoin, they just offer a service (3rd party involved). Central banks warn people, that's the only thing they can do to slow down Bitcoin at the moment.
no warnings and all is good here , regulating can't protect customers from volatility since the marketcap is still low compared to the potential and billions are being traded daily creating the volatility
but governments need to be more serious with some sites like coinbase , we all saw how there was an obvious inside trading and that hugely affected the market at least for BTC and BCH
but governments need to be more serious with some sites like coinbase , we all saw how there was an obvious inside trading and that hugely affected the market at least for BTC and BCH
Similar warnings started to appear in my country too and they are mainly comming from the central bank. The fact is that the interest for Bitcoin has recently grown enourmously and everyone wants to make the huge profit but only few are aware of volatility and risks.
Central bank feels obliged to warn the people. They are not giving some negative opinion but warns people to be careful. Which is not that bad afterall.
Central bank feels obliged to warn the people. They are not giving some negative opinion but warns people to be careful. Which is not that bad afterall.
As far as I know, there's no such thing yet in my country. The government is still not fully aware of what bitcoin is or what cryptocurrency is like. Although, false news and accusations that bitcoin is a scam is quite famous in my country. A lot of people are uploading videos and such that tells and warns people not to invest in bitcoin or not to become associated with it because they will only lose their money. We just laugh it off.
Warning signals are been continuously circulated in our country by our government as well. They haven't brought any rules to forcibly stop us, but they are doing there best to warn and stop people from putting there money into this market as its pretty volatile and high risky. That is the main cause of warning.
They recently are trying to tax people and already sent out notices regarding there trading activities with crypto market who has high net worth.
They recently are trying to tax people and already sent out notices regarding there trading activities with crypto market who has high net worth.
How regulation can protect the investment in cryptocurrency? The demand cannot be regulated by any laws. The government want the taxes from the users of cryptocurrencies but don't want to destroy the existing banking system. They want to simultaneously sit on two chairs. Will not work. It seems to me that in 2018 will be a very difficult situation on the market of cryptocurrencies.
same is happening in my homecountry but for me it's just a joke because my country can't relly understand how does this world works.
In a tv interview to our major, somebody asked him "how do you think we can regulate BTC?"
Do you really want to know his answer?
He answered: "there is anyone who can explain me what it BTC and how it works?"
We are light years away from the regulation of BTC, they will probably make in the coming 10 years a generic rule about this, but we all know this is a grey area and you can interpret the law and bending it to your needs..
In a tv interview to our major, somebody asked him "how do you think we can regulate BTC?"
Do you really want to know his answer?
He answered: "there is anyone who can explain me what it BTC and how it works?"
We are light years away from the regulation of BTC, they will probably make in the coming 10 years a generic rule about this, but we all know this is a grey area and you can interpret the law and bending it to your needs..
It has been a topic for discussion in countries dealing with trades using cryptocurrencies. Regulation is a sure way that they can protect their investments and assets.
If legislation is needed to be improved for the protection of the investors then that is highly be supported by the bitcoin community. But if this only gives the mainstream and bank officials an advantage to use in discouraging the people to invest in cryptocurrency then this is more of self interest work or corruption via legality.
yes, indeed many countries have opposed about cryptocurrency. However, we can see recently many bank industries have begun to introduce Blockchain technology, although not specifically. I am not sure why the government does not recognize the power of Bitcoin
Finally people start hearing about Bitcoin and crypto. Soon we will have mass adoption.
Yes, many governments are started to talk about regulating bitcoins because of a sudden jump in Bitcoin prices. Everyone was expected to big correction in bitcoin prices after so much run up but it didn't happen yet. Don't know how these things will impact on bitcoin short-term price movements.
Authorities in different countries are issuying warnings or holding emergency meetings to discuss the trading of cryptocurrencies, since these have been highly volatile lately and many fear a bubble burst. South Korea’s government has, for example, called an emergency meeting to discuss the trading of cryptocurrencies, and measures on the market will be announced on Friday. Meanwhile, the head of the US regulator (SEC) warns extreme caution over cryptocurrency investments. The cryptocurrencies market cap got actually higher than the JP Morgan one, over 370 billion $. Besides worrying, maybe it’s high time to improve the legislation?
Sources:
http://fortune.com/2017/12/12/south-korea-cyptocurrency-trading/
https://www.theguardian.com/technology/2017/dec/12/bitcoin-buyer-beware-us-sec-warns-extreme-caution-over-cryptocurrency-investments
http://bitcoinist.com/cryptocurrency-market-cap-now-higher-jpmorgan-chase/
Sources:
http://fortune.com/2017/12/12/south-korea-cyptocurrency-trading/
https://www.theguardian.com/technology/2017/dec/12/bitcoin-buyer-beware-us-sec-warns-extreme-caution-over-cryptocurrency-investments
http://bitcoinist.com/cryptocurrency-market-cap-now-higher-jpmorgan-chase/
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