u have to pay taxes and lots of it
Governments are cracking down on exchanges and regulations etc.
in one way it does prove crypto has value and here to stay
There is more adoption going on. Slowly but it is happening,.
Governments can’t see and be watching on something that will want to compete with their system and not take action on it. Bitcoin was meant to serve as alternative to traditional fiat money, but its coming and mass adoption has made it seen as a competitive option in the financial market and that’s why government is taking strict action on it.
Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?
When the people have found a means of earning and survival in this, I don’t think they will want to leave it to the wealthy people only, they rather stay and enjoy the benefits of it together.
Or will the average person still stay in the markets?
but its too bad that the powers that be are making it difficult
ur thoughts?
If the average of people have patience in this quest, they will always want to forget about the difficult aspect of it and look for ways to tap into the long term benefits of bitcoin. Everything is a gradual process and because their are hurdles on your way to success doesn’t mean you can’t achieve that success.