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?
Bitcoin is meant for anonymity but the government never allowed it due to fraud and illegal activity which it blamed on Bitcoin.
Well, it is too bad to think but this is been accepted in the fact that it also gives us security and lessens fraud activities. But it doesn't mean it stops from adoption and besides, we don't need instant adoption instead, we want people to think about it more time and to understand carefully how it works.
Rich, poor, or average Joe - we can't expect them to stay strong and keep on investing because some of them will quit and leave. But new investors come in exchange for those who leave, it is a normal situation.