just figure i share thoughts on crypto world, it sure has changed in last 6 years, where it used to be the free market and we could do as we please, with trades, buying and selling crypto
now its so different now
as the governments in the world have gotten involved and trying to make it harder in crypto
as in if you need to trade out to fiat ,
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,.
Do you think all this will make people to drop out of crypto and leave it to the people who have high wealth only?
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?
It's a symbol of growth! Whenever the common people have done something extraordinary, governments always came sniffing in to get their cut. That's exactly happening in the crypto world as well. Initially no government had thought that crypto can indeed become so valuable. But when they did, governments around the world, are now trying to get their cut from our income. That's always happens!
But I am more concerned about deep-pocket corporates getting into this market. If commoners stop going into this market, that will be for these corporates and not for the governments asking to pay tax. Corporates know how to take control over anything and that dirty game will be attempted in the crypto market as well.
they will take over the market and all the prices of the coins listed in the cmc will go way higher so commoners will have no chance of buying one because what commoners can afford is just memecoins. this is why as of this time, they are putting it in the minds of the GenZ that what matters in the world of crypto is memecoins. forget BTC, it's nonsense and it's regulated and the fee is ridiculous.
yes its true crypto has changed over time. we are now, KYCed completely.