Post
Topic
Board Economics
Re: How regulation affects the crypto price
by
FanatMonet
on 11/02/2020, 23:34:29 UTC
If there will be a regulation for the cryptocurrency, the prices of almost all of the cryptocurrencies will go up high because the people will see it as a good news since the government is acknowledging the value and use of the cryptocurrency. I am wishing this type of scenario for a long time for the major countries and also to the growing countries so they can rise up fast.
People believes too much in government, so if regulation happen they will thought of it as legal and they will feel safer since government backed it's rules, without them knowing that it will also adds too much tax and limits on the now existing crypto performance. But will sure get adoption more.

Bitcoin and cryptocurrencies are the ideal of freedom that we must carry into society.


But do not forget about that time (2016-2017), when, due to the practically lack of market regulation, there were a lot of fraudulent ICOs and other projects. Therefore, freedom is good, but everything should be in moderation, in order to avoid outright fraud.