Post
Topic
Board Altcoin Discussion
Re: Can world Government Kill Crypto?
by
dado7
on 06/02/2018, 09:15:10 UTC
It is hard to kill a movement because there is something called "a critical mass" and once a critical mass of people enters something you cannot roll back. It is also hard to kill such a strong and useful technology because there will always be someone who will accept it (take a look at Belarus example from the article) and other will have to "not fall behind", if not for anything then for political reasons. And cryptos became both - technology (for asset creation and distribution) and the movement (for decentralization and more fair wealth allocation).

i totally disagree, sorry. All altcoins are worth something due to the possibility to exchange it to BTC. once BTC crashes, those coins will be worth NOTHING. Who is going to be using mining and spending electricity on something that's worth NOTHING??

Actually not all. Some of them change to ETH and ETH can be exchanged directly for FIAT. However, yes, your reasoning is correct. I don't believe that Bitcoin can crash totally because of better regulation. Regulation is a positive thing. Banning is another thing, but not a single country has yet proposed to ban crypto trading, all news suggesting that were simply fake.

For god shake, i don't know if you have interests on any coin (i sold all my ETH at 1050$). i knew this was gonna happen. If BTC is worth almost nothing, all altcoins will be worth nothing. If BTC cannot be used in real live, nor will be those alt coins.

That was actually a smart move. I wish I did that so that I can buy a whole lot more at low prices. I am just hoping you are not using the FUD to get that little bit extra price down......

For me , cryptocurrency is dead, because goverments have done what they can only do: put regulations over them, so that they are not viable to evade taxes. This is the only truth of nowadays, and what proves why BTC and ETH have lost 50% of its value in 1 month, or why in that same period, the money invested in cryptomarket has gone from 800.000.000.000 dollars to about 280.000.000.000.000, that's like 70% down.
Face it, those that are farming, will spend more money in electricity and actual profit. And yes, they have killed cryptocurrency. At all. If you don't believe me, see the graphs of all coins and compare news from goverments to falls in price. they absolutely match.

Yes, but they had a gain of 1000% in a very short period of time too, so I don't see the market as "falling apart" just yet. The only thing that is pitty is that the expected market crash, correction, or whatever you would like to call it, came after some totally insignificant, and mainly fake news. Check this thread for the discussions on the matter: https://bitcointalk.org/index.php?topic=2865338.msg29417479#msg29417479, you will not that crypto development has much more technical strength over the FUD, but marketing is unfortunately a different thing.

Anyway, a rise and crash of Bitcoin is normal and expected, look at its graph over time since the start. Nothing unusual there.