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RE: Cautious Crypto Market Re-Entry : Top 5 Risks Reviewed

in #bitcoin7 years ago

Thank you for your analyses of the 5 risks as enunciated. The one that gave me most relief is the fact that SBD is doing well and there's not much to fear in that regard.

As for the fear about government interventions or interruptions of the cryptocurrency market I very much like your opinion on it:

My personal opinion is that Banning Crypto would be a totally counter-productive move by any Government. I’m not saying they won’t try, but I think any country which Bans Crypto will be left behind and will only succeed in driving Crypto underground, while those countries who embrace it will prosper. I think some of the smarter Governments are figuring that out and are instead trying to work out how to tax it or otherwise benefit from this new phenomenon.

@buggedout Thank you for this informative and instructive post.

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You're welcome, but I suspect you might have missed my point about SBD. I still think it's horribly over-valued and due to correct. I reduced my broader risk outlook because I no longer think the SBD pump was symptomatic of a bigger problem.

O, ok. I get it now. Had to go back to reread. Great thanks for the explanation.