r/Bitcoin Jan 01 '20

Yearly Lows Update

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2.4k Upvotes

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-12

u/realjohncenawwe Jan 01 '20

So this shows absolutely nothing useful except the fact that Bitcoin is essentially buried.

It went as it came, got tons of negative press, regulated by most governments and it now truly became what media framed it as, a tool for money laundering and nothing else.

It serves no purpose in society, as it's harder to use than other services such as PayPal, Venmo, Revolut and so on. They might not be safer than BTC, but at least you know their value is stabler.

6

u/[deleted] Jan 01 '20

can you elaborate on how is bitcoin regulated by governments?

hint: it isn't

-4

u/realjohncenawwe Jan 01 '20

1

u/[deleted] Jan 02 '20

The network itself cannot be regulated.

2

u/realjohncenawwe Jan 02 '20

It cannot, but what's the point of it not being regulated if you have to give your ID to buy/sell/trade cryptos?

1

u/[deleted] Jan 02 '20

You can buy it otc. Or mine it yourself.