Post
Topic
Board Bitcoin Discussion
Re: Why do countries and banks keep dumping on Cryptocurrency?
by
lizardbtc
on 16/03/2018, 13:38:04 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.

Problem is that creating your own currency in many countries, if not all is seen as illegal act. With cryptocurrency, since it's peer to peer you can't stop it. So of course that there will be fear from those people that are comfortable with things they are right now and they don't want the cahnge because now they are in control of how things work.