The Crypto community needs you !
Both the Chinese and Russian government are looking to clamp down on all crypto's… This got me asking the following question !
What kind of world do we live in when a government can stop one human being from trading an asset with another human being that posses no danger to anyone?
When the very people who caused the 2008 worldwide crash are calling Bitcoin a fraud and governments are trying to shut it down you know they are worried and you are onto a good thing.
Sadly a lot of people will believe their spin, hopefully enough with hold and not panic sell and keep pushing for a better future where we don't need someone telling us if we can or can not trade our own assets.
As usual thanks for listening
Happy Steeming Steemers and Steemettes.
good to have you back (-:
@originalworks
The @OriginalWorks bot has determined this post by @somecoolname to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To nominate this post for the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
For more information, Click Here!
Governments are not trying to shut crypto down, that's pure FUD. Funny how that works both ways. Governments are merely trying to regulate it. And not just China and Russia. The US already has regulations in place (ICO's being illegal, for one), and the EU will follow soon.
After the banking/mortgage/Icesave crisis there was a lot of criticism, not just on the banking world but also on governments for not having regulated the financial market well enough.
It's funny to see how not even 10 years later, we're complaining that governments want to impose regulations on the crypto market. Even though we all know how, for example, a staggering amount of ICO's are nothing but basesless please-buy-our-monopoly-money scams.
I like crypto and I'm an investor myself. It's going to revolutionize the world. But for that very reason, some form of regulation is important, inevitable and necessary.
Thanks for your comment. The thing is if the crypto world failed overnight then tax payers would not be held accountable to pay massive bail outs like we did with the banks and the economy isn't going to come crashing down like in 2008 if crypto's fail like it did with the banks.
If another crash comes and I believe it will then I can guarantee it would not be because of unregulated Bitcoin it will once again be because of the "regulated" banks and traders.
The ICO's are an utter joke I totally agree with you on that, but people know when they buy them it is purely speculative.
Shares are regulated but traders are still selling utter rubbish to people on a daily basis.
Welcome to Steemit, just seen you joined today :)