Why people are really fan on connecting dots which arent supposedly to be relevant at all? No government or administration will affect or would able to do something to Bitcoin.
Just like on what had mentioned that imagine on how Chinese government did really make such attempt but they did fail. Bitcoin is too big to fail and to be controlled even
though it might be connected into some fundamentals or news or happenings but doesnt mean that it will completely be controlled by it.

Trump or not, sooner or later, one way or another, Crypto will be regulated.

Right now USDT and Bitcoin is a parallel banking system and what makes you think USA -which is very obsessive and paranoiac with their currency- would let people do their transactions freely without getting monitored?

What about monero?

What about it? If they regulate the exchanges and close the FIAT gates, it is done too.

The exchanges are the FIAT gates and whoever controls those gates also controls crypto.

We can always trade OTC?

Look what they did to localbitcoins...

What about real OTC, face to face?

Probably dangerous.

Doesn't make sense though, it's just a rumor. I guess I won't do anything even if there is this so called regulations in the coming months. I think the dump may have cause by Bitcoin just in the oversold zone and that $19,500 is a big wall that we can't break for now. It has nothing to do with any rumor or something.


And why would someone do that? We have seen the worst and yet Bitcoin and crypto is here to stay. And I don't think that Trump last policies will have Bitcoin in it, LOL. Does it mean that he wants to bring down crypto with him?

I think the most worrying thing is that whatever Trump's administration will do at this point to crypto, will be left at this state for years, because Biden's administration will have so much to do now, with coronavirus, foreign policy, internal problems and so on - they won't have time for crypto. Hopefully they won't have enough time to make any dramatic regulations, or maybe these rumors that come from Coinbase's CEO are simply false and there's nothing to worry here.

Not necessarily. The US is not the world, you know that? There will always be FIAT gates. Even before there were exchanges, there were FIAT gates.
I'm not arguing that it can't hurt bitcoin but it can't kill it, afaik.

The US is the world now.

I know that much.

If they weren't... how come they ... here is a couple of articles to wake you up:

U.S. indicts suspected Russian 'mastermind' of $4 billion bitcoin laundering scheme (in Greece)

John McAfee, the 74-year-old software magnate-turned-crypto-bull, has been arrested in Spain on allegations of tax evasion, according to the U.S. Department of Justice. His extradition to the U.S. is pending.

Not convinced?

Tell me then... have you ever heard of Germany arresting a German citizen in the US for evading taxes in Germany? Ever? (you can replace Germany with anything else)

NEVER.

If the US do these things then people would express their opinions about everything that's related to US, even the US elections because they affect us.

Why we should be afraid of one government regulations? I mean our country have different regulations in crypto currency who cares for US. It can only affect the market once but it will recover again as long there are many countries supporting it I don't think we need to see it as a big deal and besides  crypto currency is better compare to US dollar . .

I don't know if it's really easy for states to regulate crypto. The more they regulate them, the more they legitimize them. Then they have a big problem with convincing people that their fiat (dollar, euro etc.) that they're printing like madmen are better than bitcoin ! If I'm going to declare all my BTC holdings, income, dealings, etc., then I will start asking for my salary to be paid in BTC too ! Things start like that and soon enough nobody wants the official currency, like is happening in countries like Zimbabwe or Venezuela.

States are better off dismissing crypto IMHO, calling it something for hobbyists and criminals.


These countries' extradition treaties with the US are ridiculous, that's the main reason. US taxes are not very high for a developped country so I can't really agree with people doing tax evasion there.

France will extradite murderers to the US, after a lengthy procedure, and a promise from the US and states that the death penalty will be off the table. For lesser crimes, very difficult. Case in point Roman Polanski.

Well, a President of any country can do damage to the free market in their country. They can declare a ban on almost anything! But Trump won't do anything to influence bitcoin. I don't think he's ever mentioned bitcoin before, it's certainly not on his mind now.

The bigger worry to cryptocurrency and bitcoin is the fact that Trump won't be President any loner and the US economy and political future will stabilize. This stability reduces uncertainty and drives confidence in the US Dollar and other fiat currencies. Fear in the fiat is one of the biggest drivers to flee to cryptocurrency...at least it's growing that way.

Perhaps the bigger influence to bitcoin is how Wall Street and 401ks are beginning to open up to the investment. This is truly a door to previously unaccessible demand.