Quote from: Jawhead999 on April 29, 2024, 01:53:56 PM

Quote from: worldtraveller321 on April 23, 2024, 09:00:40 PM

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 really wrong to say the government make people harder to trade crypto!

Either you use centralized exchange, P2P or DEX, there's no big difference, verifying your account didn't take a long time.

Although the government are tightening their regulations and tax your capital gains, it won't take 100% of your profit.

Hence, there's no reason Average Joe will leave the market, even you didn't invest in cryptocurrencies, the government will tax your personal income and capital gains from other assets.

I agree also that governments applying tax and regulations will turn people off getting into Bitcoin.
It is so accessible to most of the world with whatever amount of FIAT you want to use and no
middle man or investment company being involved.

In a messed up way of thinking and a way that goes against what we think about governments
applying tax regulations it means that they are happy to let their citizens get involved because
they get their tax cut from the profits.