It has been a battle so far to try and get an ETF here approved for bitcoin or some way for it to enter the stock exchange market here in the USA which is over $66.7 Trillion dollars in investments that could be pushed to bitcoin if this happened.
However the FTC, SEC and Government continue to try and control and warn instead of just allowing. This is common practice here in the states and while I get they are trying to protect consumers from fraud and mass amounts of money trading from the states to other countries there needs to be a place in time where you just give in and start allowing and trusting people.
While this highly annoys me with the limits I have in investments living here in the states I do understand it. But while all of this is happening countries such as Russia are now pushing towards mass adoption and may leave us in the dust.
Moscow exchanges are now poised to embrace cryptocurrency, the Moscow Exchange is the largest exchange group in Russia that deals in precious metals, money markets and foreign exchange markets. Their trading instruments being offered will be mostly derivatives and ETFs.
However there will be restrictions starting out and only "qualified investors" will be able to deal in trading. I have yet to know what a "qualified investor" would be.
Overall steps like these while small are helping increase demand for bitcoin and other crypto currencies and over time we will see mass adoption a tipping point where demand increases so much governments wont have any other choice then to adopt. With that being said I really hope our government here in the USA starts to wake up and stops putting such hard blocks on such investments.
*Top Image pulled from https://cointelegraph.com
The FTC, SEC and Government are going through the Five Stages of Grief. What they don't realize is that if they don't capitulate soon other countries or even black market actors will capitalize and control the finances of the next 500 years. Paper fiat is done, it belongs in a museum already. If the U.S. doesn't get on board now and keeps coming up with crazy regulation like the Bitlicense in New York they will be simply brushed aside and left behind. The crypto genie is out of the bottle and it won't go away.
I highly recommend this video by Andreas:
regards!
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It's really dumb they have not already, but then again 90% of the people in congress are old as dirt lol no wonder why they don't ever make change and move so slowly.
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Guess what happened to the Romans when they became dumb, stagnant, corrupt, bureaucratic and plain old lazy? Sorry to say, buy the U.S. empire may be going the same way if it doesn't wake up soon
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I truly hope they do soon my friend
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Fuck Congress.
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The government isn't going to make that realization. It cannot make that realization and remain the government. It will always seek to control anything that didn't originate from within itself and crush what it cannot control. We want crypto to go mainstream, yes, but we really want it to stay underground and spread horizontally rather than rise vertically and seem a flood to the untrained (or jaundiced eye)
The Russians getting out ahead of it is not a good thing, IMO.
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Give room to innovate and create the environment for this field to thrive, or see it move away to other places. Singapore and Zug seem to be crypto hot already where New York becomes a dessert.
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Unfortunately, that's what seems to be happening
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Of course they try to take down bitcoin. Because if they allow it, they would be in deep shit when people realize how the governments are fooling us!
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Or they could just buy into it and actually make money, one thing I dislike about our government is now freakin slow things take to change and so called freedom where you can invest your money where you want to lol makes no sense
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The potential bitcoin and its blockchain has I think justifies it enough for me. Once the scaling issue is fixed bitcoin can be a global trustless currency. It could be as monumental as the internet. So approve it and let people get that momentum moving.
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If - for whatever reason - Bitcoin scaling does not pan out, there are a couple of other cryptocurrencies out there that's may fulfil this role. Bitcoin could remain a reference value with top notch security elements.
If a country blocks it, there are ample incentives for other countries to allow it to the fulllest extent. Their economies would thrive in a post fiat world (not necessarily without fiat though).
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I truly sense a shift by cryptocurrency developers and investors to non-US regions that allow (relatively) free development of this new technology instead of scaring it away with vague treats (SEC) and cumbersome rules (NY). In the end, residents of restrictive areas will be the losers because crypto will not stop advancing. Hot money will no longer go to the big places; there will be new 'big places' forming. At some point, the old bosses will see that it is inevitable but their kingdom may have already been deserted by then.
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It literally makes me so mad that I can't use my money for what I want to use it for. There have been so many chances that if they would let me invest in something I would of made out well and guess what... That actually brings money in and taxes for the government its so dumb they block it.
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How are you blocked from investing?
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They don't allow you to invest in many ICOs etc.
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good
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This post recieved a vote from @minnowpond. For more information click https://steemit.com/steemit/@minnowpond/boost-your-rewards-with-minnowpond
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goood post upvote you please upvote me
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Valor2S from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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Like it, good work
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Nice post dear friend @bitcoinflood
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Thanks for information...
https://steemit.com/cryptocurrency/@dobartim/best-investment-strategies-in-crypto-on-stock-exchange
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Bitcoin is bast coin in high speed in would
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