I've been thinking about this a lot lately. Trading has become a solid income source for many people, so why can't the government make it easier for those interested in trading, especially in BTC? They could provide resources or materials to help the average person get started. Imagine if schools and churches constantly talked about trading. It might sound like a wild idea, but if the government introduced trading education in schools, it could really help more people dive into trading.
According to statistics, only 10% of traders are profitable, while the rest lose money. So the government will not take responsibility for these 90%, who will start trading on their recommendation and lose their money. And to be honest, even the 10% who make a profit from trading do not pay taxes to the budget.
Churches?, a place of worship can't be use to promote trading, there is a reason why it was called a place of worship because at the moment you are there you only focus on what brought you to that church. However what advantage will it give if trading is being whisper at every corner of the world?, will it creates a space were nobody will be losing money again?, actually is not about publicizing trading everywhere but is about knowing and being able to trade so actually is better that so many people are not even aware of it if not it would have finished a lot of person because of the way they could have taken it, so is not necessarily for the information to be abuse such way.
Maybe we start by proposing how the government may see the benefit of bitcoin and creates free regulations that could aid the use and adoption of bitcoin by the people, then when it comes to trading or investment, we take decision on this by our own self as well as the risk, the government can t be a motivator to you in deciding on what you think is best for you to do, because even trading also has it risk.
We may not want to get the government being involved in any of the decision we take in making an investment, because at the end, it will be to their own favor and cant motivate us than to regulate by collecting tax, if you know what's good for yourself, don't wait for government before taking a step.
Maintaining consistent profits is difficult. So, it's not many, or none at all. If a trader claims that, look closely to see if they're selling classes or signals (since that's their primary source of income).
If the government wants people to become poor quickly, they will. No sane government would recommend a business with greater risk; as it seriously threatens state revenues.
From the government I don't expect any help about the trading, really. So far I haven't seen any kind of step from the government to help traders. Rather, in my country, the government bans any kind of cryptocurrency trading. So even if we can't trade openly, if the exchange starts suspending us from trading, then we will not have any other way to trade except Dex trading. And you know trading on the Dex isn't very comfortable at all.
But if the government wanted to help, then they could; they might build a native exchange where local traders could trade. And in the school & college government could make a crypto and blockchain subject mandatory that would help students to learn about crypto & trading as well. But the condition is the crypto has to be legal in your jurisdiction.
And then if you lost, you will blame the government for not proving enough materials for you to make profit? Stupidity at it's peak.
Sorry for the word, but please let's not include the government in our trading journey nor rely on them on giving materials that will help us learn better in trading. There are many information online already that can help you be a better trader. Also, let's not include churches in the mix because... they don't even have any idea what crypto trading is at first place. Crypto trading to be included and be taught in schools? You're just putting them into a disaster. Students can still learn themselves, and do you expect that those teachers out there are traders themselves? It's completely useless to teach crypto trading if you yourself aren't a trader at first place.
Sorry, but this is one of the most stupidest idea that I've seen in this forum for a while now. Relying on government with regards to trading materials? Churches being included in the mix? Schools introducing crypto trading? You made my day OP. Thank you so much. Now I can sleep happy.
Most people do end up losing money, not making it while trading. Any training offered en masse is going to cause huge price skews that probably favours whoever the instructors, government or companies that are already trading as they might be able to predict what move a population makes.
The assets that respond to being traded the best are ones that aren't typically traded for that purpose. If you're buying goods or services to resell them and those are actually of value then you're going to make more stable money charging a margin and selling those than you would trading a speculative asset.
Some people love to be spoon fed that's why there's rising poverty amidst the groundbreaking innovations that people could take advantage of for their benefits.
Many government are looking for ways to tax the citizens instead of fund them to blow it all on a risky endeavor like trading. Still, it isn't all that a bad idea if government decides to support this course by making the learning of trading easier for beginners at the grassroots level by systematically incorporating financial and investment literacy into educational curriculum, creating accessible and affordable training programs, and providing safe, subsidized platforms for practical on ground experience.
Agree. This really said it all! Consider also that even some profitable traders are still losing money, even though they have already been in the game for quite time. So, yeah, even in government or school, the trading topic will be included it is not always a happy ending.
For me, the best way to teach by school/government is how to protect their money, e.g. scams, hacks, or some hype investments that end up as scams, like HYIP/pyramiding scams.
I don't think there would be anything that comes close to that because the only thing that benefits from trading when you profit, is you. Yes, there are taxes, but mostly it's about the person trading. Heck, there are a lot of things and resources on the internet alread. Whyy not do it yourself?
I'm just thinking that it's more of a "self" thing, rather than a community type of thing that a lot of people could benefit from. This is not ideal to focus on by the government, schools, or churches.
Trading is very risky and no government will support that because they will be held responsible for the losses of those traders since all blames will be put on the government for encouraging them to involve in such practices. Don't get it twisted OP, you will lose more than making profits as a trader in the long run. It's better that you think of investing and hodli for long term than trading.
The government can only hire experts to trade and give the earnings to the nation back, or allow the same experts to teach the young who could continue generating income back to government account. It's not like a charity system where you donate and doesn't harness the help, but a system where the government will leverage on the advantage of the citizen.
Remember, the government doesn't give out free education and expect nothing, it's a Ying Yang situation the government does, recruit you and use you. Teach you how to trade, employ you while you work for them.
Trading is very risky and let get the point that it is not easy to make money from trading. Instead of the government helping people with materials they can use for trading, why not provide enough job opportunities for people? With job opportunities those who are interested in trading can go into it, and those who want to invest will have the chance to do so.
But now, even if the government helps the average person to get trading tools or materials, as you said what about capital? Is it the government that will still provide the capital? And even if the person has the capital, what if they lose it on their first trade? Is it the government that will keep funding the account again?
As for me, the idea does not make sense because someone needs a steady source of income before becoming a successful trader. You have to lose many times before becoming the kind of trader you hope to be, because trading is not that easy to make money from.
I dont think the government should do that, if they do it will be good but then will they do this for other skills and opportunities? If you are interested in being independent and trading is what you want to do then you should get tools to help you in trading. But I think traders can be helped by the government in some ways
1. Making it a crime to take advantage of traders by selling courses or bots that are fake.
2. They can create a committee that checks trading classes, schools both online and offline.
3. Spreading awareness about trading the good and dark side.
I totally understand your point but this is not going to be a very good idea as the aim of the public enlightenment on trading will not be achieved and in most cases might actually result to the direct opposite because trading requires patience and research if not it becomes pure gambling
The government is finding it really difficult to support innovative students/graduates and small businesses not to talk of trading (which has a high risk level)
I also don't think the government is going to support in funding all the citizen wallets while putting economic instability into consideration, and getting knowledge without putting it in profitable use isn't the way to go.
government cannot empower you to involve in anything that has to do with the cryptocurrency do you know that from the time cryptocurrency was initiated government of different countries were against Bitcoin so anyone who is into trading, should you focus on it knowing that is something that will benefit him when it becomes successful but looking for a government support I don't think about that we work out as our expectation because government don't like trading the only people that can involve in such illegally is bankers different Banks do trade to make a profit, banks does not agree that there are into trading especially into cryptocurrency trading so that is why I said that government cannot empower anybody to go into cryptocurrency trading or any kind of trading that is not what they need from you as their citizen from my own understanding.
the governments can support traders in some ways!! but trading is not something they should push on everyone not everyone is ready for the risks and many people do not even understand how the markets work. instead of promoting trading in schools or churches!! it will be better if the government focuse more on financial education like teaching people about saving, investing, risk management and how Bitcoin and other assets work. if someone truly wants to trade, they can use that knowledge and decide for themselves. because trading should be a personal choice, not something promoted to the entire society. so one thing i will say is that support and education are useful!! but motivation must come from the individual, not the government.
Many? Not really; we have many traders who are trading every day and have yet to make a profit, so trading is not a source if I come for so many people. Traders do invest in another thing because they know trading is not that very profitable and will not last them forever and their kids, so they use the opportunity of being on the profitable side at that moment to invest.
However, the government wont introduce trading to schools because if you check, it is not everybody who ventures into Bitcoin who is successful today through trading there, so if you check, you will see that most of these traders dont joke with investment.
If they want to help the tradern then they should reduce the tax to single digit and that's the most they can do and I expect in reality.
It is not the government's job to teach us something. If someone needs money, they need to work for it. By gaining enough knowledge, they can then start doing it.
And seriously in churches?