World Of Crypto Has Changed in Last 6 Years. - page 2.

GbitG

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I ❤️Bitcoin

Quote from: avikz on April 24, 2024, 02:10:11 PM

Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

just figure i share thoughts on crypto world, it sure has changed in last 6 years, where it used to be the free market and we could do as we please, with trades, buying and selling crypto

now its so different now  as the governments in the world have gotten involved and trying to make it harder in crypto as in if you need to trade out to fiat ,

u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.  
  in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,. 

Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

Or will the average person still stay in the markets?  but its too bad that the powers that be are making it difficult      ur thoughts?  

It's a symbol of growth! Whenever the common people have done something extraordinary, governments always came sniffing in to get their cut. That's exactly happening in the crypto world as well. Initially no government had thought that crypto can indeed become so valuable. But when they did, governments around the world, are now trying to get their cut from our income. That's always happens!

Yep, exactly that's the fact!

I mean, whenever people do something big, like flourishing, So the Government always hinders this budding. They can't do anything by themselves. If you look at the truth, it is a little thought-provoking that, till now no government has taken any flourishing stance by itself. Every flourishing is done by a layman, but these people copy the idea and extend it further. Trying to do it from a technological point of view. So the same example is fitted here in crypto: till date no government has created such a technology in which all people are peer-to-peer network connected in a decentralized world. But these people understand taxes and regulations very well.

So it means to say that you are absolutely right, it is the symbol of growth, Satoshi is the person who has served humanity so much. All credit goes to him. While the government is ready to call Satoshi accused due to fiat terminology...

m2017

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Crypto Casino and Sportsbook

Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

just figure i share thoughts on crypto world, it sure has changed in last 6 years, where it used to be the free market and we could do as we please, with trades, buying and selling crypto

Cryptoindustry has undergone changes and it was inevitable. This is the course of natural things. There used to be a free world of the wild west with its pros and cons. Do you remember how many scam projects there were and how many unsuccessful investors lost because of this? Sometimes freedom is tantamount to permissiveness, the consequences of which are unpleasant.

Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

now its so different now  as the governments in the world have gotten involved and trying to make it harder in crypto as in if you need to trade out to fiat ,

It was only a matter of time before regulators appeared in the industry and they want to control everything, just like in any other areas of activity. In part, they are powerless in the world of cryptocurrencies until you start moving your assets into the real (traditional) financial sector.

Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.  
  in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,. 

Taxes and KYC will become new components in the cryptosphere.

Regulation means recognition and acceptance by governments, which means that currencies will not disappear.

Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

I would say that, for example, bitcoin (whole) will become a privilege not only of the rich, but perhaps only of corporations.

Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

Or will the average person still stay in the markets?  but its too bad that the powers that be are making it difficult      ur thoughts?  

The share of the average person will be insignificant (ownership of satoshi, not whole bitcoin).

yazher

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Quote from: Yamane_Keto on April 24, 2024, 10:18:36 AM

It may be necessary to start thinking about using Bitcoin only as a means of conducting transactions and preserving wealth instead of trade out to fiat.
It is true that the procedures have become more stringent, but you can still do P2P trading, buying and selling products with Bitcoin.

That's how it should be and because bitcoins have become secured and have some more value than before, this is the time to convert our assets slowly to bitcoins without exaggerating. There will come a time when having bitcoins in your wallet is way better than having real state assets where the price drops significantly in some parts of the world also when the time comes when you need to migrate somewhere in an emergency, you won't find yourself in a panic because you can just easily walk without letting the others know that you have a huge amount of bitcoins in your crypto wallet.

Don Pedro Dinero

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The first decentralized crypto betting platform

Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

now its so different now  as the governments in the world have gotten involved and trying to make it harder in crypto as in if you need to trade out to fiat ,

u have to pay taxes and lots of it

Wrong. The obligation has always existed. If you buy something for one price and sell it for a higher one, the government will potentially want to charge you fees for it, it is another thing if there were no explicit regulations about it, but what has happened is normal. This sector has matured, more and more money is moving through it and consequently it has become more and more regulated and taxed.

moneystery

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the regulations carried out by the government actually do not limit traders from being able to trade crypto, because the government's aim is to regulate for the security of the crypto world itself and traders. even though crypto trading is restricted in some countries, this does not stop the crypto world from developing and prevent traders from trading crypto. indeed, identity verification is annoying, but it is for the common good, and users are still free to choose a p2p exchange platform that is free of kyc. so if you say that the crypto world has changed, it's true, but not significantly.

Gaza13

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Yes, crypto has come a long way, Yes, the government sees the potential for crypto which is very rapid from year to year, I don't think it's difficult because there is friction in converting to fiat. That's why the government is firm about taking this, that's why taxes are implemented. I think Bitcoin is fair, not only for rich people but for all walks of life. For now of course we will survive, there is no need to leave, if we are aiming for price there is no harm in selling it, of course we are looking for a profit there.

Natalim

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BTC to the MOON in 2019

Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

just figure i share thoughts on crypto world, it sure has changed in last 6 years, where it used to be the free market and we could do as we please, with trades, buying and selling crypto

now its so different now  as the governments in the world have gotten involved and trying to make it harder in crypto as in if you need to trade out to fiat ,

u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.  
  in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,. 

Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

Or will the average person still stay in the markets?  but its too bad that the powers that be are making it difficult      ur thoughts?  

Bitcoin is meant for anonymity but the government never allowed it due to fraud and illegal activity which it blamed on Bitcoin.
Well, it is too bad to think but this is been accepted in the fact that it also gives us security and lessens fraud activities. But it doesn't mean it stops from adoption and besides, we don't need instant adoption instead, we want people to think about it more time and to understand carefully how it works.
Rich, poor, or average Joe - we can't expect them to stay strong and keep on investing because some of them will quit and leave. But new investors come in exchange for those who leave, it is a normal situation.

BD Technical

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The current situation has become such and the world has become such that buying a grain of grain or a small thing is running the country in this way because actually. I don't understand what the government actually wants because the current situation if the government continues to do this, it will turn people into fakirs by putting their stomachs on everything. However, they don't take the bat as much as the situation is favorable or as much as it gives because the benefits are fairly good in that case but it is unreasonable to impose VAT on everything.
If you notice how low the house cost when selling in Crypto currency now if you want to sell in a dog and bus, you see the fee is high. Right now his network house is not many people want to invest because of this bat for bat. There is so much pressure on it that it is slowly disappearing through the bat. If not sleep the rest because if this continues then the future will see the price demand for this VAT will decrease.

MusaMohamed

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Quote from: pooya87 on April 25, 2024, 04:59:49 AM

You are heavily limiting the definition of "world of crypto" by limiting it to only include "traders".

Bitcoin is most important pillar in Cryptocurrency ecosystem and more important than altcoins. I would prefer to talk about Bitcoin and its adoption changes so far.

Adoption is what we want to see as it will help to increase Bitcoin value, demand, then price on the market will reflected higher value, bigger demand and rise more.

Bitcoin community is made up of many components, developers, miners, investors, traders, gamblers and businesses that accept and integrate Bitcoin to their systems. Traders are only one part of Bitcoin community and it's hard to say they are most important in the community.

pooya87

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You are heavily limiting the definition of "world of crypto" by limiting it to only include "traders".

This is was expected too. When the government watches trillions of dollars in a certain market changing hands and loads of profits being made, it was always obvious for them to want their "cut"! So in a way, this is not even a big change that we didn't know was coming.
The rest is completely the same though. For example Bitcoin is just as decentralized as it should be and you can use it like always.

kryptqnick

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Join the world-leading crypto sportsbook NOW!

There are more regulations now than there used to be, that's true. Some countries have figured out their taxation policies and some are expecting people to pay taxes for their crypto profits. Moreover, KYC requirements on mainstream crypto exchanges became a pretty common thing, and it seems that 6 years ago, they were rare.
But things also differ from one country to another. Lots of governments are still not involved, and Bitcoin status is unclear in many countries. There are also places where you don't have to pay crypto taxes at all or up to a certain earning threshold.
I think average people will not only stay but will continue joining the market, despite the changes (and sometimes actually thanks to the changes, as some people care about ensuring that what they do is legal, so they appreciate the regulations).

jcojci

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We have to accept whatever situation is happening now. The government has indeed started to be active in crypto by implementing necessary policies. They want to get additional taxes from crypto so they continue to issue regulations for crypto users. And we, as crypto users, also have to comply because if we don't, we will experience problems and won't be able to use crypto like before.

But that won't turn people off from crypto alone. They will still be in crypto, especially since they have experienced the results they get from crypto. They will also comply with the rules or regulations set by the government.

Rabbitqt

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Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

just figure i share thoughts on crypto world, it sure has changed in last 6 years, where it used to be the free market and we could do as we please, with trades, buying and selling crypto

now its so different now  as the governments in the world have gotten involved and trying to make it harder in crypto as in if you need to trade out to fiat ,

u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.  
  in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,. 

Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

Or will the average person still stay in the markets?  but its too bad that the powers that be are making it difficult      ur thoughts?  

As time goes on, Bitcoin and the crypto market will be viewed similarly to other markets, like gold or stocks. Currently, we're closely tied to stocks. I believe the hype and interest will wane, and so will these extreme bull runs. As more money enters the market, it becomes harder to influence prices. Those who remain interested will be enthusiasts, early adopters, and institutions, but the new wave of hype will fade.

Keep in mind, our market cap is only $1.5T, which is still relatively small. We have a long way to go before public interest fades.

Cookdata

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Not Your Keys, Not Your Bitcoin

Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.  
  in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,. 

Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

Or will the average person still stay in the markets?  but its too bad that the powers that be are making it difficult      ur thoughts?  

There is one thing in life that is constant and that is change, it will happen whether you like it or not, it's normal because without changes there wouldn't be growth.

You see about those taxes, it varies. There are some countries that are crypto friendly and yet they don't tax their citizens because they don't know what the future holds for now if they will accept as it may benefit the economy or not. However, there are some countries that are tax-friendly unlike the US and some other regions that are strict with crypto regulations. I hope you know that some of these people introduced high taxes to just discourage people.

As for the exchanges, not like I'm in the support of government, some of these centralized exchanges are known for dubious activity, many of them have stolen customers funds, loaned many of them out and also used the remaining for their own careers and when the customer want their money, they file for Bankruptcy, isn't that pathetic and fraud, sometimes government need to put things in order.

electronicash

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Quote from: avikz on April 24, 2024, 02:10:11 PM

Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

just figure i share thoughts on crypto world, it sure has changed in last 6 years, where it used to be the free market and we could do as we please, with trades, buying and selling crypto

now its so different now  as the governments in the world have gotten involved and trying to make it harder in crypto as in if you need to trade out to fiat ,

u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.  
  in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,. 

Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

Or will the average person still stay in the markets?  but its too bad that the powers that be are making it difficult      ur thoughts?  

It's a symbol of growth! Whenever the common people have done something extraordinary, governments always came sniffing in to get their cut. That's exactly happening in the crypto world as well. Initially no government had thought that crypto can indeed become so valuable. But when they did, governments around the world, are now trying to get their cut from our income. That's always happens!

But I am more concerned about deep-pocket corporates getting into this market. If commoners stop going into this market, that will be for these corporates and not for the governments asking to pay tax. Corporates know how to take control over anything and that dirty game will be attempted in the crypto market as well.

they will take over the market and all the prices of the coins listed in the cmc will go way higher so commoners will have no chance of buying one because what commoners can afford is just memecoins. this is why as of this time, they are putting it in the minds of the GenZ that what matters in the world of crypto is memecoins. forget BTC, it's nonsense and it's regulated and the fee is ridiculous.

yes its true crypto has changed over time. we are now, KYCed completely.

avikz

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Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

just figure i share thoughts on crypto world, it sure has changed in last 6 years, where it used to be the free market and we could do as we please, with trades, buying and selling crypto

now its so different now  as the governments in the world have gotten involved and trying to make it harder in crypto as in if you need to trade out to fiat ,

u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.  
  in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,. 

Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

Or will the average person still stay in the markets?  but its too bad that the powers that be are making it difficult      ur thoughts?  

It's a symbol of growth! Whenever the common people have done something extraordinary, governments always came sniffing in to get their cut. That's exactly happening in the crypto world as well. Initially no government had thought that crypto can indeed become so valuable. But when they did, governments around the world, are now trying to get their cut from our income. That's always happens!

But I am more concerned about deep-pocket corporates getting into this market. If commoners stop going into this market, that will be for these corporates and not for the governments asking to pay tax. Corporates know how to take control over anything and that dirty game will be attempted in the crypto market as well.

Jegileman

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Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.  
  in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,. 

Governments can’t see and be watching on something that will want to compete with their system and not take action on it. Bitcoin was meant to serve as alternative to traditional fiat money, but its coming and mass adoption has made it seen as a competitive option in the financial market and that’s why government is taking strict action on it.

Quote

Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

When the people have found a means of earning and survival in this, I don’t think they will want to leave it to the wealthy people only, they rather stay and enjoy the benefits of it together.

Quote

Or will the average person still stay in the markets?  but its too bad that the powers that be are making it difficult      ur thoughts?  

If the average of people have patience in this quest, they will always want to forget about the difficult aspect of it and look for ways to tap into the long term benefits of bitcoin. Everything is a gradual process and because their are hurdles on your way to success doesn’t mean you can’t achieve that success.

bittraffic

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Gone are the wild wild west days of crypto they say. It's almost regulated in all countries and all exchanges do have KYC already. But I don't think only the rich will be in crypto, there's still us here trying to earn a few BTC and still betting on casinos.

But for sure they rich like those from traditional finance are going to come into crypto especially because of the Reaal world Assets that they are tokenizing. It's not usual anymore that users may be promoting platforms everywhere in crypto maybe we will see BTC on TV commercials.

Zlantann

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Quote from: worldtraveller321 on April 23, 2024, 04:00:40 PM

Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?

Or will the average person still stay in the markets?  but its too bad that the powers that be are making it difficult      ur thoughts?  

One important advantage of Bitcoin is that it can be bought in bits. Which entails that regardless of how high the price is, the average or poor citizens in the society will still have the opportunity to buy it. The transaction fees and stringent regulatory laws are making things a little bit difficult but Bitcoin will still be the first choice in the crypto space.

Quote from: Yamane_Keto on April 24, 2024, 10:18:36 AM

It may be necessary to start thinking about using Bitcoin only as a means of conducting transactions and preserving wealth instead of trade out to fiat.
It is true that the procedures have become more stringent, but you can still do P2P trading, buying and selling products with Bitcoin.

That's true. But many people don't have the financial capacity to keep Bitcoin as an investment, they easily sell it to meet their needs. You should also take into consideration that Bitcoin is not legal in all countries and most businesses are not accepting it as a means of payment.

B1-66ER

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BTC>Bitcoin != Crypto.

Topic: World Of Crypto Has Changed in Last 6 Years. - page 2. (Read 481 times)