Maybe I just worry too much.
I see two ways it could be not good, including for you.
One, more people believe "cryptos are scams" so prices stagnate because less money flows in.
Two, the governcement sees this as reason to trample in with concrete boots and try to regulate things. Investors become skittish and less money flows in.
In both cases, you and I lose because our coins appreciate less, or not at all.
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both cases are happening and will continue to do so.
doesn't matter.
to shut down crypto would mean shutting down the internet.
the same with effective regulation.
Imagine trying to ban porn...
how's that gonna work out?
as a matter of facts...
supply and demand rears it's ugly head.
drugs come to mind.
ban them..the price goes up..
I’m with you on using it to try and regulate more. Sounds like something they’d do.
Yeah, I think you have not only valid points but sound ones ( yeah, David Pakman is rubbing off on me lol) It's publicity and it sure aint good publicity. People looking into Crypto or those on the fence and do not understand much about it will say "look at this, ALL the stuff must be a scam"
So not good at all. It may hurt for a little while. hopefully though not long
Some projects are making great strides to become impervious to concrete boot regulation. Those are the ones that I think will be the long term winners and the ones I invest in.