Preparing for the Worst

Not a collapse, regulations. Venezuela is launching their own crypto mainly to sidestep US sanctions. I am certain I am simplifying the country's motivation. However, what do you think the chances are western government's ban Cryptos? Will they only ban specific ones or will it be a blanket ban? What are you doing to prepare for this outside chance? Is this a non issue? I do think government's will continue to move in regulating this industry to a point where it becomes a burden to own cryptos over their fiat bullshit. Am I being crazy?

In a what if scenario where a blanket ban is put in place what do you think the outcomes will be? What are some of the ways to avoid having to sell your Cryptos? VPN? Cold storage?

Thanks in advance for your insights.

submitted by /u/ThanatosCharon
[link] [comments]

Read More

Popular posts from this blog

World Economic Forum Bitcoin Discussions Validate the Movement

The World Economic Forum WEF has long been a lightning rod of global discussion on economic, social and political trends. This years gathering in Davos, Switzerland, was no exception.Blockchain technology emerged center stage last week as a key discussion theme, receiving praise from attendees for its cutting-edge potential. Bitcoin and the future of cryptocurrencies, too, were highly discussed topics at the forum, not just casually but also in an official session and a few panel discussions.
Read more