Quote from: TheSpiral on October 02, 2023, 10:31:55 PM

Quote from: kentrolla on October 01, 2023, 07:02:27 PM

1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

Yes this is the main cause that majority of people are not related with bitcoin investment. It does not means that bitcoin is not profit making but it means that anytime government can change laws and can cease the use bitcoin so if we have even more money in bitcoin it will be useless for us.

There is no doubt about bitcoin huge return but there is also no doubt that some government are against the bitcoin investment and trading and they will Change its whole structure once it come into their control. Select bitcoin and get the benefit from it as soon as possible because there is no guarantee about its live and it can be banned and stop for trading.

You're right, pal. Governments can change their Bitcoin attitude quickly. Many have done it and may again. Your issue is genuine, but isnt it true for all investments? Bitcoin's vulnerabilities are similar to a company's stock price drop after a negative reputation.

I think users should be careful. We invest in everything, not just Bitcoin. Always monitor global news. While enjoying the profits, stay alert for legal developments. And as you rightly pointed out, if governments do decide to regulate or control it, the landscape of crypto will change entirely.

We're aboard this boat, without knowing if the storm will hit. Does that mean we stop sailing? Are we just better sailors? Your move.