No reviews on this one, well a review on regulation. 😁
This is something I’m constantly getting asked about
“What if the government ban crypto” etc
If you have been following me up to now, you will know I have never posted to promote a company or a coin/token. I like to lay out the facts cut through the BS and tell it how I feel it is. No hype or shilling going on here! I’m not here to entertain you, just express my opinions send them out into the steemit community and see if anyone can add truth or information to expand my own knowledge. This might not please everyone, but hey ho when can you?
So regulations, the FUD hanging over the crypto market!
At the moment the uncertainty and fear around, what regulations come in to play and by who is the thing that’s stopping a lot of money from coming into this market.
Regulations whether you like it or not are the reason the market isn't flying to the moon, there's no other explanation to the market being down when at the moment, we are at the stage when the software is developing, we are seeing so many partnerships being announced with a lot of the technologies and companies like LTC, XRP, XMR, NEO and many others launching working main nets etc. But yet they're not really moving up in value. Why?
Because of something called fear and uncertainty of regulations, so let’s get this out of the way so you can understand. I want to give you the worst-case scenario of regulations. When the regulations come in to play in favor of cryptos and blockchains, then the market will go up in value.
However, if regulations are not the favor, then the market will collapse. The worst-case scenario is that you're going to lose money. So the worst case scenario, the regulations that come out are not in favor of altcoins, cryptos or blockchain. Therefore, a lot of people are going to lose money. That’s it, the market collapses. This would be the final straw, if governments like Japan, South Korea, UK and the US crackdown on these exchanges and shut down the exchanges then they're finished, you lose!
However let me explain this to you, already we've seen a lot of exchanges are getting licensed now and these licenses are coming from actual regulators, or by actual governments. We have seen this in Australia, Japan, South Korea, EU and in the US.
So governments are actually issuing licenses to these exchanges right now! Some people don't know this but if you do some research, follow the crypto news, or follow me 😊 you will see that has already happened and is happening daily.
This means if the regulations that come out are anti-crypto or anti blockchain. Then you end up losing your money, in your coins/tokens. But it's not you who are going to suffer, it’s the exchanges and companies like coinbase and binance they're going to collapse.
What does that mean to the central government?
Let’s look at the US, recently we had job growth and the stock markets flew up in value. The overall stock market's spiked in value because of job growth. Job growth means a great economy. Do you know what cryptocurrencies have contributed to job growth in the US?
These companies that have been set up are creating jobs, blockchain developers, software developers marketing and other professionals in this space are all being recruited, and taxes are being paid. Therefore this tech is adding a percentage to the job growth in the in the US. The same can be seen with South Korea and Japan.
So what does this mean?
Does that mean that these regulations that come out are going be anti crypto? I don't think so, because when Donald Trump comes out to talk about how he's the cause of job growth a lot of people love it. Do you think he's going to come out and say?
“You know I said that I'm going create jobs and under my administration, but unfortunately we have to crack down on crypto, we will lose taxes, make people unemployed” (Okay it’s not hard to imagine but one thing about Trump he is a businessman)
Even if the regulators say that they are going to crack down so hard we will scare all the investors away. That’s saying we're going to get rid of this new asset, no taxation, we don't care about job growth, a lot of people are going to go homeless and a lot of people are going to lose their jobs, and we don't care.
Can you really see that happening, I think not? I'm telling you the worst-case scenario at the moment that’s all. Given what the governments would lose and with a very basic understanding of politics will help you to see it’s not going to happen.
The reality is we are at rock bottom because you have all this bad news coming out right, more bad news coming out daily with all these lawsuits and hacks. The market isn't really moving around, because people are more educated now, people are holding (HODL) they're more educated in what's going on, they understand, so no matter what bad news is coming out at the moment they're still holding on to their altcoins IMO.
What I'm thinking and predicting is at the moment we are all at rock bottom, the regulations are next and the regulations are going to be good in my opinion. Therefore the market has one way and that is upwards correct? Unless the regulations come out and the worst case scenario comes. Let’s be real here that just physically can't happen because regulators are always influenced by bankers! Always have been and any decision they make regarding an asset, there has to be a banker there. So what banker is going to come out and make a decision, somebody like Goldman Sachs or JP Morgan? The same companies that came out and established crypto trading desks? Yet there's no way for regulations?
I just wanted to put this down for you guys, I hold 50% bag of BTC and 50% speadacross Altcoins . I'm invested till I can spend my crypto to live. I only cash out to pay bills in fiat. Surprising how many places I can pay direct in crypto now :) today things look bad, but if I zoom out on the charts we are still so far up.
Any thoughts and opinions please share, but save the FUD. It's the reason I don't wantch mainstream news and why I don't use social media outside of the steem network anymore :)
