Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[AudraMiller]

As humans we have an inert nature to try and do things that we are told not to do. And therefore from teh start of cryptocurrency being released there has been a constant battle with the various governments as to their legitimacy and the implication of integrating them into the financial system. However, if we are constantly tempted by reverse psychology tactics, is the government's disapproval of crypto one of the reasons that many people become interested in it and get into the investment of crypto? Do you think that this could be a factor? And would this change the cryptocurrency values when government starts to openly accept them.

 

[Razor1911]

But I don't think governments restrictions on cryptos makes it bigger. Many countries had put restrictions and ban on cryptos, and thus the userbase of that country are not able to transact. If the cryptos are accepted worldwide then I am sure the value of them will multiply manifold.

 

[LutherKing]

user in asias are trading with countries applying full ban so yes interest is there and since it is a utility , if one company is providing the service and user can do trading , they will be doing it , that;s simple

 

[microunit]

I think that the volatility nature is firstly one of the major reasons why investors are drawn to it and secondly there had been issues about data leaks in payment processors so people switch to crypto to maintain that privacy

 

[microunit]

Well i think that some bans and restrictions only make crypto to have more awareness, thereby bringing in more people. For instance, the number of crypto investors in Nigeria increased after the ban of the participation of financial institutions in crypto

Well Usually bans and restrictions makes it to the news, and people learns about cryptocurrency from the news and they would be aware of it, so I guess there is some positive sides to it

 

[Wisdom01]

No , if government starts to operate them and make the use of it legit ,there would be increase in the usage of crypto currency and lot of people would trust the system

 

[Wisdom01]

I hope that the government will not get to the cryptocurrency

I dont really understand your statement ,are you hope in the government doesn't apply the use of crypto currency and others ,i don't get

 

[Kennysplash]

It does actually. When the government banned it in my country, everyone sold it in a hurry. About a few days later the price went up and those that kept theirs made profits. Whenever there is a ban many try to sell off, and this hikes the price a little.

 

[Razor1911]

It does actually. When the government banned it in my country, everyone sold it in a hurry. About a few days later the price went up and those that kept theirs made profits. Whenever there is a ban many try to sell off, and this hikes the price a little.

I hear it for the first time that selling something has increased the price. Normally when sellers are more the price tends to go down. I have come to know about this first time.

 

[Wisdom01]

I hear it for the first time that selling something has increased the price. Normally when sellers are more the price tends to go down. I have come to know about this first time.

You are right because on futures trading , Because when people are shorting there is price decrease and when more sellers are in the market , the market tends to fall more , its one factor I noticed