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[AudraMiller]

When it comes to financial advice is can be quite difficult to get accurate advice considering how hard it could potentially be to make financial decisions in a world that is constantly changing. However, according to a recent report, cryptocurrency may be the way to go. A recent stat shows that 25% of financial advisors are actually planning on telling their clients that they should consider getting into teh cryptocurrency trading business and investment. This is a major increase from less than 1% thinking about it last year.

 

[Wisdom01]

They have seen that lot of people are really making it through crypto currency , so they are recommending to people who need financial advice

 

[Razor1911]

When it comes to financial advice is can be quite difficult to get accurate advice considering how hard it could potentially be to make financial decisions in a world that is constantly changing. However, according to a recent report, cryptocurrency may be the way to go. A recent stat shows that 25% of financial advisors are actually planning on telling their clients that they should consider getting into teh cryptocurrency trading business and investment. This is a major increase from less than 1% thinking about it last year.

That is obvious, looking at the vast potential of crypto market. More and more people are joining the crypto market on a daily basis. Thus the amount of investment is getting higher and higher. The more the liquidity, its better for thr market to grow.

 

[AudraMiller]

That is obvious, looking at the vast potential of crypto market. More and more people are joining the crypto market on a daily basis. Thus the amount of investment is getting higher and higher. The more the liquidity, its better for thr market to grow.

It is a good thing to see that more and more people are getting involved with it, however i wonder about the legal implications of financial advisors doing this because not many countries are fully accepting towards bitcoin and other crypto.

 

[SCAMEXPOSER]

I think the respective countries will make legal frame work for Crypto currencies transactions for the main time pending when other countries adopts it before global framework.

 

[AudraMiller]

I think the respective countries will make legal frame work for Crypto currencies transactions for the main time pending when other countries adopts it before global framework.

All you need, in my opinion, is one country to start it off and then for that country to be able to regulate crypto is would set a precedent for the rest of teh world and this will speed up the global adoption process.

 

[SCAMEXPOSER]

All you need, in my opinion, is one country to start it off and then for that country to be able to regulate crypto is would set a precedent for the rest of teh world and this will speed up the global adoption process.

We can see that US is already regulating activities of cryptocurrencies likewise few other countries too, so it a matter of time global launch will be done.

 

[AudraMiller]

We can see that US is already regulating activities of cryptocurrencies likewise few other countries too, so it a matter of time global launch will be done.

Yes. However, there are many different views on their regulations and some people even disagree completely with the notion of tax. I think that this will be the determining factor in whether regulations push forward or not.

 

[SCAMEXPOSER]

Yes. However, there are many different views on their regulations and some people even disagree completely with the notion of tax. I think that this will be the determining factor in whether regulations push forward or not.

The tax formula or pattern the US government plan to adopt won't be a good because it will discourage Investors , I hope they will adjust to suit the system.

 

[Razor1911]

All you need, in my opinion, is one country to start it off and then for that country to be able to regulate crypto is would set a precedent for the rest of teh world and this will speed up the global adoption process.

Exactly. When A more financially superior country accepts the bitcoin and all other crypto currency, then surely all other countries also will start allowing. It's just a matter of who takes the first step.

 

[SCAMEXPOSER]

Exactly. When A more financially superior country accepts the bitcoin and all other crypto currency, then surely all other countries also will start allowing. It's just a matter of who takes the first step.

Personally I don't see any financial superior country that is yet to accept or allow Crypto currencies trading at the moment if not for the recent halt by China.

 

[AudraMiller]

Exactly. When A more financially superior country accepts the bitcoin and all other crypto currency, then surely all other countries also will start allowing. It's just a matter of who takes the first step.

There are certain countries that have taken a similar step like Venezuela and they seem to be open to crypto in its entirety and it forms a large part of their economy now as well. However, a power house country will need to take this step for others to be able to follow.

 

[SCAMEXPOSER]

There are certain countries that have taken a similar step like Venezuela and they seem to be open to crypto in its entirety and it forms a large part of their economy now as well. However, a power house country will need to take this step for others to be able to follow.

Venezuela took the best decision at the right time because their economy and Currency almost crashed but now Crypto currencies and mining activities they are recovering.

 

[AudraMiller]

Venezuela took the best decision at the right time because their economy and Currency almost crashed but now Crypto currencies and mining activities they are recovering.

Yes this is true. I believe that their adoption of crypto was prompted by sanctions that were implemented by the usa against them and it therefore started with them relying on crypto mining to fund their army operations.

 

[SCAMEXPOSER]

Yes this is true. I believe that their adoption of crypto was prompted by sanctions that were implemented by the usa against them and it therefore started with them relying on crypto mining to fund their army operations.

Yeah you are updated ,I remember they had issues with US to extent some US based Exchange in Venezuela had to close down , Crypto currencies could make them stronger.

 

[AudraMiller]

Yeah you are updated ,I remember they had issues with US to extent some US based Exchange in Venezuela had to close down , Crypto currencies could make them stronger.

So in a way i guess that this worked out for the best for that country. However, i think that countries should see the benefit and growth in their economy and work for more countries to see that as well.

 

[SCAMEXPOSER]

So in a way i guess that this worked out for the best for that country. However, i think that countries should see the benefit and growth in their economy and work for more countries to see that as well.

Yeah and I also feel if cryptocurrencies become more adopted and used by most countries of the world US may have less influence on other nations except the market is been manipulated.

 

[crypworld]

In order to promote cryptocurrency, in many countries investors are even donating crypto for good causes.

Especially during this COVID 19 Pandemic, where we are short of funds and we badly need financial assistance, this is a great move.

I would say the advisors are doing the right thing during this time.....

 

[AudraMiller]

Yeah and I also feel if cryptocurrencies become more adopted and used by most countries of the world US may have less influence on other nations except the market is been manipulated.

Definitely. The more adopted and used cryptocurrency is then it will be a norm to be involved and to hold these coins and therefore the amount of manipulation that happen by public figures will be reduced significantly.

 

[SCAMEXPOSER]

The few number of whales currently holding significant amount of Bitcoin which is the backbone of the Crypto market could easily influence the market negatively.