Post
Topic
Board Bitcoin Discussion
Re: Why do countries and banks keep dumping on Cryptocurrency?
by
Ranly123
on 03/03/2018, 21:15:48 UTC
All the news we read nowadays is basically about Countries banning cryptocurrency or high level bank officials dumping on cryptocurrencies calling them lousy mode of pay, fad etc.

Why are they trying so hard to kill cryptocurrency? I recently got into trading myself and absolutely love it, but it seems a lot of the opportunities to trade successfully are killed by these people.

I agree that there should be regulations to curb crypto use with criminal activity but not if it puts a leash on prices.

It just seems there's a lot of insecurity after the great year cryptos had last year, it's almost as though authorities expected it to die by itself but it grew into a monster and now they're trying to do it themselves.

Maybe not all countries and banks are against cryptocurrencies. I think you are exagerating the facts that some countries are banning cryptocurrencies and believe in false news about it. As an investors we should have to believe on the positivity of our investments even against the odds of banning and dumping. Right now what the government do is to protect their people agains the fraud brought by some scambags using cryptocurrency to extract money from investors. I dont think the government are trying to kill cryptocurrency but instead they are just protecting their citizens from a possible loss  because of the volatility of cryptocurrency.