Post
Topic
Board Bitcoin Discussion
Re: Some Countries living behind their century, taking a back sit on BTC evolution.
by
joniboini
on 15/09/2023, 01:26:25 UTC
I personally think more awareness about  the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should  be made more simple for easy use no matter the level of one  literacy. More work is needed. What are your thoughts?
Are you trying to say that those bans are there because people don't understand the benefits of trading crypto? I doubt that's the case. I believe governments know to some extent how crypto trading works. If you take a look at those regulations, the key reason is because of volatility and how it can undermine fiat as a national currency. Telling them that people can make 50% or 10x more wealth by selling BTC is not gonna help if 90% of traders lose their money. I don't think you should push that narrative if what you aim for is adoption to begin with. It is not sustainable and will likely make crypto being associated with scams or ponzi even if those are nonsense.