Bitcoin Forum

A dedicated hearing will be held by the two major financial regulatory authorities of USA on February 6. SEC & CFTC will both be present in this hearing. What do you think this hearing will be about ?

On my personal opinion, the more regulatory guidance we receive,  the better it will be for legitimate investors and speculators. The reason behind the crash that is happening is due to lack of regulatory action, which has been as of late, at a minimal.
   When the regulation begins to become clearer and more concise, the price of bitcoin will begin to become ever stable. The hike Bitcoin took up to $20,000 was an inflated bubble. Everyone wanted to catch that rocket to the moon, but when it approached the limit of the atmosphere, it crashed back down to earth.
   The people who bought in durring the frenzy took a huge loss these past couple of weeks. The loyal supporters will continue to hold onto their coins. The hipsters will pull out their stake and then scrutinize the system. The market is in a state of shell shock from the governmental crackdowns across the planet.
  The best thing to do is just wait for the government to pass it's judgement and set forth the law, in that way, we can have a yellow brick road traverse. As of right now, theres no map, so we are lost at sea. But don't fret, the regulators will put up a lighthouse to guide us to shore.
   Hate it or love it, without proper regulation, the market was doomed to crash.

Just my two cents!

I have a different opinion. Bitcoin attracted people so that the government does not regulate its turnover. People who used bitcoin could feel in relative anonymity. I do not believe that the legalization of bitcoin can attract investors. I think that the reason for the rapid fall in prices is that investors are losing hope that bitcoin will solve the problem with the transaction and coordinated the actions of speculators.