Re: Why do countries and banks keep dumping on Cryptocurrency?
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.
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.
I know for some reason that banks don't agree with digital currency is that they can't continue make money if it will be used as the main currency. No banks shall be able to earn interest, and interest that came from the people who have invested in banks first hand and if this kind of technology will be widely used then they are out of game and that is the day that most of us will celebrate
, miners will be the one doing the job and in an instant way and considering large amount of transactions. You see when you have 1 million USD in the bank they won't allow you to withdraw it in a single day as it is invested in different ways and they need to collect it and it will take time. In crypto you can withdraw yours and transfer anytime you want as long as there is internet and miners with less hassle and almost zero value transaction fees.If were to give a suggestion they, the bankers pays most of the media and folks who are in power to totally shut down crypto, greediness is what they have and it will lead them to destruction for sure.