No. It is the sign that more money is going in to crypto and those that are existing here won't think about getting out anytime soon. We're not yet on the peak of the bull run and that's why people won't be thinking of dropping out anytime soon. Many are going to leave when we're already on the bear market but as of this time, I don't think that's what on the mind of the most when we're not yet seeing the best of Bitcoin. But it's true that a lot has changed for the last 6 years.

Since when has taxes stopped most people from doing anything? Yes, it will stop some people, especially in countries like the United States, but most people will just end up not declaring their transactions — especially those that do things on-chain, not on centralized exchanges.

It may be necessary to start thinking about using Bitcoin only as a means of conducting transactions and preserving wealth instead of  trade out to fiat.
It is true that the procedures have become more stringent, but you can still do P2P trading, buying and selling products with Bitcoin.

Bitcoin is a long years of work achieved and being put to work. In previous years as you stated there were no KYC, enabling more scammers and rug pulls occuring in the market. In the few moments I've looked into this broad space of monetary investment I noticed the purpose of  government's involvement in the market is to safeguard citizen's money and help investors stay clear from infamy scammers. But, the government's hands on cryptocurrency doesn't make many changes in reducing scam projects.

On telegram lots of projects are not feasible, but made up to eat up investor's money. Please, how do you think they'll get punished on platforms like telegram? If the government's hand in crypto is stable and strong. I think more people will get interested in the cryptocurrency market. Thereby, skyrocketing the rate at which illicit players will operate, unless the government also finds a means of regulating platforms like telegram and discord. Where I have seen multiple complaints from users regarding cryptocurrency scam.

One important advantage of Bitcoin is that it can be bought in bits. Which entails that regardless of how high the price is, the average or poor citizens in the society will still have the opportunity to buy it. The transaction fees and stringent regulatory laws are making things a little bit difficult but Bitcoin will still be the first choice in the crypto space.


That's true. But many people don't have the financial capacity to keep Bitcoin as an investment, they easily sell it to meet their needs. You should also take into consideration that Bitcoin is not legal in all countries and most businesses are not accepting it as a means of payment.

Governments can’t see and be watching on something that will want to compete with their system and not take action on it. Bitcoin was meant to serve as alternative to traditional fiat money, but its coming and mass adoption has made it seen as a competitive option in the financial market and that’s why government is taking strict action on it.


When the people have found a means of earning and survival in this, I don’t think they will want to leave it to the wealthy people only, they rather stay and enjoy the benefits of it together.


If the average of people have patience in this quest, they will always want to forget about the difficult aspect of it and look for ways to tap into the long term benefits of bitcoin. Everything is a gradual process and because their are hurdles on your way to success doesn’t mean you can’t achieve that success.

they will take over the market and all the prices of the coins listed in the cmc will go way higher so commoners will have no chance of buying one because what commoners can afford is just memecoins. this is why as of this time, they are putting it in the minds of the GenZ that what matters in the world of crypto is memecoins. forget BTC, it's nonsense and it's regulated and the fee is ridiculous.

yes its true crypto has changed over time. we are now, KYCed completely.

As time goes on, Bitcoin and the crypto market will be viewed similarly to other markets, like gold or stocks. Currently, we're closely tied to stocks. I believe the hype and interest will wane, and so will these extreme bull runs. As more money enters the market, it becomes harder to influence prices. Those who remain interested will be enthusiasts, early adopters, and institutions, but the new wave of hype will fade.

Keep in mind, our market cap is only $1.5T, which is still relatively small. We have a long way to go before public interest fades.

There are more regulations now than there used to be, that's true. Some countries have figured out their taxation policies and some are expecting people to pay taxes for their crypto profits. Moreover, KYC requirements on mainstream crypto exchanges became a pretty common thing, and it seems that 6 years ago, they were rare.
But things also differ from one country to another. Lots of governments are still not involved, and Bitcoin status is unclear in many countries. There are also places where you don't have to pay crypto taxes at all or up to a certain earning threshold.
I think average people will not only stay but will continue joining the market, despite the changes (and sometimes actually thanks to the changes, as some people care about ensuring that what they do is legal, so they appreciate the regulations).

Bitcoin is most important pillar in Cryptocurrency ecosystem and more important than altcoins. I would prefer to talk about Bitcoin and its adoption changes so far.

Adoption is what we want to see as it will help to increase Bitcoin value, demand, then price on the market will reflected higher value, bigger demand and rise more.

Bitcoin community is made up of many components, developers, miners, investors, traders, gamblers and businesses that accept and integrate Bitcoin to their systems. Traders are only one part of Bitcoin community and it's hard to say they are most important in the community.