I still have a dough on taking risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal
Why should you fear of something when it's not going to offer you. If your country permits all citizens to use or trade bitcoin or any crypto currencies, then yes, you can freely have access to use crypto currencies. If not then need to think on it. If you are dare enough, you can very well do it so. No harm in it?
I can understand their reasoning. how can crypto market be jiggle only from FUD? especially if governments across the country prohibit bitcoin maybe it could be the end of the crypto? so naturally if they questioned "could there be a regulation for crypto?" because it will provide little investment security/safely for them
Not all countries bitcoin make them legal to their place some of them refuse and some of them embrace bitcoin technology, like what happen to Japan they are friendly on bitcoin and other cryptocurrencies. If I was not mistaken they have many companies of crypto exchange.
But there is country also who refused bitcoin just like China, they banning crypto exchange in their place.
Their government avoiding to these possible happen if they allow bitcoin.
*to use in illegal activities
*users to become Ponzi scheme
*maybe bitcoin is big competent to the bank of the country near in the future.
Those the negative side they saw in bitcoin but they never know that this is bringing people to fulfil their daily needs.