Bitcoin Forum

https://www.express.co.uk/finance/city/931419/bitcoin-price-latest-cryptocurrency-value-plummet-g20-regulation

We do not know yet what will be the conclusion of the talks because they are yet to happen. The safe money would be that the outcome will be further moves towards regulation but that's nothing new. Most of the major economies have already announced their plans for stricter regulation around cryptocurrencies. All that these talks might do is lead to a more streamlined approach and a common direction. That's actually a good thing because it will make the market much more transparent for all involved.

But what about all the criminals with their illegal money? They're now in bitcoin but will they be forced to sell?

I don't get it why everyone thinks regulations are bad. It has is down side but it also has a good side. People don't have to fud everytime a article comes up talking about crypto regulation.

I think it's because crypto's are very popular among criminals. If they will be forced to sell that's not good for bitcoin.

Regulations are good for cryptos that have utility in legal finance. Not so good for cryptos that are mainly used for black and grey markets.
To me, this is a good thing!

When these regulations come in bunch it's even worse. The corporatism is going to get stronger in Crypto-Currency world, Bitcoin is going to be mainstream as many people were waiting for, but Crypto enthusiasts will pay dearly for it.

This is really bad, when the G20 countries have been discussing this worry.
they begin to fear that blockchain can damage international banks or grow new crime. waiting for their policy without reacting.

Those 'criminals' that may or may not exist. No one will be forced to sell but it would seem likely that a lot of 'less clean' money would transition in to privacy coins from bitcoin if there was stricter regulation put in place to target money laundering and tax evasion.

It seems to me that the creation of its own cryptocurrency banks has no prospects. Who now trusts them. Also crypto currencies which will create a government waiting for the same future. It seems to me that G20 Finance Ministers need to concentrate on peaceful existence with the existing cryptocurrency market and not try to seize it.

I had most of this scared news and plan last year and many of them do not come to past and this issue of regulations has been there for quite some time now. the g20 issues is not going to change things as I believe cryptocurrencies is the future of money.

Regulations are positive if governments oversee exchange and force exchanges to provide quality service to their customers.

How many people here trust millions of dollars in an exchange? and I ask the same question: how many people would trust a million dollars to a bank?

of course, people would trust millions of dollars to a bank, that's because we can go to court to claim our rights in case the bank rob us, but we have no where to complain when those exchanges rob us and do not respond to support tickets.

We do not even know where the exchange office is, but see that we are talking about exchange that moves millions of dollars, but they are anonymous... without physical office, we do not know who they are and how many are the support staff.

Regulations are in fact needed so that banks will not be afraid to deal with cryptocurrency. One of the fear factor why banks are dropping crypto-related business is because they don't know for sure what can happen next. With proper regulations in place, I think banks will be back doling business with this industry as most of them are all in business for money. Regulations are not bad per se...what we should not wish to happen is the BAN just like what China did last year.

Regulations are the best thing that could ever happen to this ecosystem. I do agree with people that it more than ever grants the governments control over the centralized crypto ecosystem, but what do you guys want? Should governments outlaw everything related to crypto directly, and thus significantly decrease Bitcoin's utility, just because people think regulations are bad and against crypto? Grow up and accept that the entire crypto market as an industry has grown so large, that governments have no choice other than to regulate crypto. Regulations if fairly implemented, will stimulate crypto in its entirity to grow larger than we can even imagine right now. Japan speaks for itself. People not understanding this are just delusional and short sighted. Go cry yourself to sleep.

Regulations should be irrelevant. If you bought bitcoin and expect that governments wouldn't either try to ban it or regulate it you are delusional and you got in the wrong place. Bitcoin is subversive in nature, it challenges the status quo, I always expected governments to criminalize bitcoin to insane levels, labeling anyone holding bitcoin a terrorist or something insane along the lines.

This was the reason why I never sold or used exchanges, I knew that they would label us as terrorist and get us in trouble. It's better to hold long term, don't use exchanges and don't give them your name if you use altcoin exchanges since they are all scammers. Keep your coins safe and wait it out, we may have to go through an extreme period in which they will go full nazi against bitcoin and crypto period, and when that happens, you don't want them to know that you ever were involved in crypto, who knows what will they do to you.

Great news if you ask me!

It's true, regulation is going to be a one step back, two steps forward kind of thing. There will be so much more trust around crypto now and much more institutional money will be safe to move in to the market. I do understand some of the people stating that regulation will be bad in the sense that it moves crypto away from decrentralization but from an investment point of view it will be overwhelmingly positive in the long run.

I don't see regulation as a bad thing tho - this is the only way institutional money comes into play. And just so you know - institutional money is HUGE!

Here is my review for G20 meeting. Actually there is no important dark clouds for us. We can still continue to work. Carney supports us :)
Video Review : https://youtu.be/tL59m8kDmtY
Also please subscribe to my channel if you like it :)

Regulation will start out good but then slowly invasive old-world concepts will sneak in until you find yourself required to hold your coins on coinbase or give the gov a copy of your private key or else youre a felon.

Whoever told you regulations are bad? You should really go and make more research about cryptocurrency regulations and learn more. If you must know, regulation is what bitcoin needs now. At least I believe that when it happens, there will be a lot of sanity in market about price and probably a stop to government and banks FUD. And you people should know that when bitcoin is regulated; it won't move it away from been decentralized.

dont create fud if you dont't know how this works..
The only posts you are creating are fud to get in cheaper.

Really right dude this rule will mark the crypto to a good level of development,not only that even I think the bright future awaits us ahead.If there is a government that can manage crypto is very me supportive cause new investors will emerge so that the price of market value will increase.

lol,G20 meeting has done and theres no issues about regulation,your speculations are too far from reality,try to make some positive news than that damn fake news lol

you get the news from where that G20 wants to set crypto, so far bitcoin has not pose any risk, big country that forbids bitcoin due to fear of disaster, please if show correct proof for this news, but before i thank you for this news we will so be more vigilant

in fact, the time has passed, and the outcome of the G20 meeting is pretty good, and it really does work well with the current bitcoin price. I think, bitcoin prices will continue to rise, especially if there is a continuous development of each country.

The point is that there can only be about the direction of the development of events. Or there will be a prohibition of crypto currency, or full support of crypto currency from the country of the Big twenty. If this is so, then it will definitely be all right ..

Its over, because the outcome of the said meeting is very positive as you can see the price already moved in the positive direction. So sorry to tell you that the FUD didn't work.  :)

I was also speculating that it can bring bad news to us, however, I just keep it to myself and didn't post because I don't want to create another FUD thread, and I'm glad that I was proven wrong as the G20 thing really brought lots of good news and in the last 3 days or so, crypto is slowly recovering.

He is an attention seeker and apparently it is working for him. What just makes me very angry is how he even goes about it, as he sometimes shares normal news that necessarily does not mean anything serious and even could be a good way forward as a negative one.

The guy sure needs to take some chill pill because he is beginning to embarrass himself gradually. If you want a debate, at least be constructive and do it with sense and the OP coming with this one obviously shows he apparently knows nothing like you have said.

setting bitcoin is not a bad issue, is it possible you do not see or peruse the news, I am not sure that you understand it, just keep taking the negative side of not seeing the positive side thoroughly, this might make a person's perception become like you.
basically this setting is very good for crypto and it shows the progress from now for me it is a positive step and nothing wrong, the requirement of cryptocurrency is getting place in every world and this is the first step to achieve it all.

Lol. I like the word his speculations are too far from reality and which truly they are. The guy is totally lost in his own negative atmosphere that he ends up concluding everything as bad news with no single intelligence. If eventually every country even decides to come up with regulation, I totally believe it would end up creating better days ahead than bad.

At least, it makes it become a legal entity and the whole FUD being created by people like the OP will die down as every investor start seeing crypto-space as something worth looking into without the fear of the government clamp down.

Not necessarily bad news.

We don't know yet what they are actually going to come out with to regulate bitcoin and other cryptos, so it's currently purely speculation. It could be just an extension of what most countries are already doing into other countries.

I still don't get why people panic so much over basically nothing. Traders seem to dread regulation and every time a new regulation comes out, the price takes a hit. People should start realizing that bitcoin will exist and can be traded no matter how strict regulations become.

Crypto addressed in G20 is a big success for crypto lovers as per my opinion. However, G20 is going to regulate crypto and not going to ban since there are so many transparency is there in terms of usage in crypto compared to fiat. Every block for transaction is stored for validating and verifying who and when it happened, this way they could possibly control usage of crypto by criminals and terrorists rather than uncontrolling currency usage by them till now.

I believe this is not a bad news.  A country trying to regulate bitcoin means they wanted to use and accept the cryptocurrency and wanted to have at least control for the protection of its citizen.  Let us say they are after for the tax but this mean, merchants all over that country will recognize bitcoin as legit and will definitely flourish the bitcoin economy.

This line here "The discussions on regulation at the G20 could see cryptocurrencies suffer from another massive drop in value." I feel this kind of news reporting is bias! Sounds as if they know the conclusion of what will come from this but they forget these digital currencies are the future and FYI regulators have spoke in favour of these new digital currencies as reported by recent news sources.

trully is mate,op's mindset will die soon together with hes Fud ,theres always question in my mind that until now its harder for me to understand,what this peple get from doing or creating this kindof issues?would th benefits from this?unless they are paid by those whalers whos making lots of profit when this dip happens

It makes sense when there are body of governments and even G20 that will regulate cryptocurrency. It will gain popularity and trust for crypto's and I think this is actually an advantage to all of us who are looking to better number of adopting countries.

Tune in this coming July.
https://cryptoslate.com/g20-crypto-regulation/

Dear sjefdeklerk, rivaling is a bad news, expected, but bad. It was expected that bankers would like to impose their centralism in this high potent technology..... but "regulation"..... it's been some now since I am trying to fight this nonsense.

You can get more informed about the difference between regulation and prohibition in this topic I created earlier: https://bitcointalk.org/index.php?topic=3117357.msg32275612#msg32275612 (https://bitcointalk.org/index.php?topic=3117357.msg32275612#msg32275612)

Better regulation and better usability will inevitably lead to more investments and attract traditional investors who will bring some serious money in this world. They started to enter at the end of last year, but they are still being drawn back by bad security and user-non-friendliness.

 

Why do you think that people with big money are attracted to bitcoin by its regulation. I think it's absurd. Easy access to Fiat is only interested in small depositors. There are many of them but their share in bitcoin capitalization is very small. Therefore, we see panic at any major sale of coins. It seems to me that any regulation can only push people away from bitcoin.

I will accept having regulations for crypto rather than seeing a ban imposed on it which is more harmful for the market. G20 meet was a influential meet which could decide crypto future and coming out with regulation seem to be best step for the while, it may cause a drop in the price for some time but over the whole it will help market to grow.

Criminals no matter what will always be criminals. Either way if bitcoin exist or does not exist they can and will always makes transactions. And im not saying the government is clean everyone can be a candidate for criminality. A lot of entities are just clinging to this idea per se just to kill bitcoin because it could get in the way of their personal interest. For me generally if bitcoin is helping people why focus on the negative side?

That is who he is as he is always busy looking for negativity in everything and I wonder how he keeps coping in the real life if everything that pertains him is negative. I do not know when regulation becomes something that is a problem. Japan has been regulating for a while now and the cryptocurrency space in Japan is doing absolutely well and if at least someone wants to gain attention with bad news, he should try as much as possible to be sensible with it.

It seems some people always allow themselves to get blinded by FUD mongers like the OP until they miss the right thing. Op already missed it a long time ago and apparently has nothing to offer, so I believe whatever comes from him should be taken as nothing. Regulation like 1Referee rightly said is not a problem and in fact I believe it would give the cryptocurrency space a breathable atmosphere for going forward and if OP cannot see that, then I wonder why he is here.

History. Big investors never enter markets that are going wild, they have more money then we do because they are not letting anything to chance while investing big.....

Why's this a bad news? I mean, if you ask me, them wanting to regulate bitcoin and crypto is a good sign that they'd see potential in it and would like to keep it but of course it'll need some regulations. If they were that much against crypto, they'd just ban it and that would be that. So this is pretty good news overall.