Quote from: Ryu_Ar1 on Today at 04:17:29 PM

Quote from: Iranus on Today at 03:20:07 PM

Quote from: Ryu_Ar1 on January 13, 2023, 04:49:29 PM

Well, isn't it already in some countries that prohibit it but for now bitcoin still exists and I think this is only made to make it as fud and does not rule out countries that prohibit it only to weaken it in terms of price so when it goes down they can buy it pretty cheap and re-legalize it.
We already know several examples such as China which continues to try and even change regulations regarding legal and illegal several times but still things like that don't really have much effect on crypto lovers because developments on this matter are still ongoing and bigger.

China has completely banned bitcoin, but there are still many Chinese investors who are still active, there will be people who are against the ban even though they are not the majority.

Today, the market is recovering, and the total market cap has just reached 1 trillion, and the capitalization of bitcoin is over 300 billion. It can be said that this is too small a number for a national economy like China, bitcoin capitalization is smaller than 1 of their business, so there is no reason for them to bother finding a ban and legalizing it just to buy cheap prices. Bitcoin is not big enough to impact a large country economically.

Even if it's like that, it's not a guarantee that they will ban it forever.
We may even know how many times there have been some regulatory changes to legalizing or illegalizing bitcoins in recent years.

As for those who have bigger economic conditions I think as long as they have the thought of buying bitcoins at cheap prices why not because regardless of what I use your words even though in China it has been banned but there are still a handful of people who are still in Crypto and it is possible that there will be several people with high ranks not because we also don't know what is there as a whole because information about China is sometimes always limited.

I believe all governments will not be able to ban bitcoin forever, including China. Simply because of taxes, with the rapid growth of bitcoin, it is almost certain that bitcoin will grow bigger and bigger, and if they still want to continue to ban it, it will only take more effort, time, and money. Meanwhile, they can legalize and regulate it so they can earn a huge tax. Whether bitcoin is good or bad in the eyes of the government, it is less important than the tax they will collect from it.