Most of us don't want government in crypto world because we think it will makes us problems. But, on the otherside, once cryptocurrencies are regualted, it will be officially legal and we can expect huge EXPANSION after that.
Why?
At the moment, I guess you know someone who thinks that this is illegal and that it can make him big problems, right? I have too, I am trying to explain but someone simply doesn't want to listen and I understand them.
But once, cryptocurrencies are regulated, this problem will be solved, people will see that cryptocurrencies are not illegal. It can happen in 6 months or 2 years but I just want to help you understand that it is not bad for us if Crypto market is regulated. Once it is regulated, we won't see these news that someone is going to ban BTC...
Also, most of you don't understand what are actually ICOs and why are we now in ICO season. We can see hundreds of ICOs at the moment and it could be amazing opportunity but on the otherside you could lose everything and that's why I do not want to invest in every ICO.
First, as I said, blockchain technology is something that will change world. Maybe BTC will crash, maybe ETH will crash but blockchain industry will change the world in upcoming years.
At the moment, it is only in field of cryptocurrencies but slowly but steady it is coming to everyday life. First, we need to see cryptocurrencies as a payment method. So, simple in 2-3 seconds you could buy coffee or lambo without banks, checks, cards... only using cryptocurrencies and your wallet that could be on your mobile. My favorite for this is BTC. It is true that fees are crazy, at the moment but I believe in BTC developers and I think they will find way to reduce the fees. They already introduced Lightning Network - more about this you can read in our next article.
Second is something like carVertical, so we need something in car industry, insurance industry - insurepal ICO that we recommended our paid group, this ICO get sold out in 80 seconds and it is already 3.5x up, I hope you bought few coins for yourself because I missed.
There is a lots of ICOs in medical industry etc.
We will dedicet few post about that as well.
Once cryptocurrencies are regulated, we could see big changes in social media platform like Facebook. CEO of Facebook, Mark Zuckerberg said that he is studying cryptocurrencies and blockchain and I believe sooner or later we could see big changes.
I think regulation is required to prevent illegal activity. To be honest, most of us are legal customers that are crypto lovers and who want to make some money. But, on the otherside, there are also guys that are using cryptocurrencies for illegal activity for drugs or terrorism. It offers them to send huge ammount of money without banks. So, mostly because of this, I think we all need regulation to make this officially legal so we can see big expansion! So, just hold it, short-term downtrend is not so important at all. We are still in early stages of something huge!
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*Disclaimer: We are not crypto gurus nor we are claiming to be. This is not financial advice nor investment recommendation. Please ask licenced financial advisor in your country for financial advice. This our humble opinion and the main purpose is to share it and learn new things a long the way.