What does regulation of crypto mean?

What does Regulation in the crypto world mean?

One thing is evident to me crypto will go underground at some point, and the market will lose value. Still, from that, only the authentic peer-to-peer coins will survive, the Regulation of cryptos is just that the government wants to tax you whatever they say, but we all know that here in the crypto world, we don't give a damn about taxes. Eventually, the government will try to tax crypto as much as possible. Still, the crypto world will move underground by that cash or sit on wallets without movement into exchanges. That will be a very dark meaning of what is to come. Still, also governments could see cryptocurrencies as something made in heaven like El Salvador is doing and implement it without taxes and with added benefits to citizens from other territories like second citizenship and no capital gain taxes.

Yes, the government thinks it can force taxes on crypto as long as you use exchanges. Still, once the dollar goes the way of the Venezuelan peso, everyone will want to own some. You will see it sold and bought in the black market to avoid exchanges. Even if they regulate cryptos and try to tax it as much as possible if you don't sell, there are no taxes to collect, and that's the other issue, the government can try to tax as much as possible, but if you don't move your money and don't exchange they can't tax you. And that's another issue for them if you don't sell and they can't print your cryptos, their fiat currency will look worthless. Some more people will dump the fiat currency for crypto, just like in Nigeria, politicians realize their local currency is weak.

Regulation means I want to tax you, and I want you to panic sell so that your crypto doesn't go up in value against my fiat currency. Still, if you don't panic sell, you are a threat to me because if I start printing, people will lose confidence inside the territory that is going mad with the printer. And that's the other reason the regulators are trying to scare people with Regulation; as long as Bitcoin Cash and all other cryptos exist that are supply capped, they can't go and print to infinity because eventually their printer will be broken. No amount of Regulation will force people into fiat ever again.

So you see, Bitcoin Cash is not only a threat because it is an actual decentralized peer-to-peer currency and the real Bitcoin, but to governments, you are a threat if you don't sell. You are a threat if you only hold as well. Regulation means they want you selling so they can tax you. They want you selling into fiats so that they can get busy printing without worrying because people will accept cryptos just as speculation and not fiat currency replacement. So the money printing machine goes on printing forever.

Conclusion.

Don't worry about Regulation. They want to tax you and scare you into selling for fiat, and if you exchange into it, they can continue printing money as nothing happens. Still, if you hold 99% of your wealth in Bitcoin Cash and 1% you use it as currency, the government money will become worthless even if the most complex Regulation is put into law, Remember, they can't force you to sell. They can't tax, and they can't print too much money either otherwise, people will move their new printed money into your asset.

When it comes to Bitcoin Cash, it becomes the ultimate goal to replace the government as the issuer of the currency, meaning that money printing goes broken and those that benefit from that system will stand to lose the most. You can be sure they will fight you to the very bitter end.