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Bitcoin => Bitcoin Discussion => Topic started by: upyem2k on September 12, 2019, 08:43:01 PM



Title: IS THERE A REGULATORY BODY
Post by: upyem2k on September 12, 2019, 08:43:01 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.


Title: Re: IS THERE A REGULATORY BODY
Post by: Slow death on September 12, 2019, 09:14:59 PM
This question is very strange, it seems to me that you entered this market and never knew what is bitcoin and what its purpose was created. Answering your question, there is no regulator that controls the price, the price rises and falls depending on the demand. But why did you think there might be some bitcoin regulator? bitcoin is decentralized, I believe you have heard that word "decentralized" a lot


Title: Re: IS THERE A REGULATORY BODY
Post by: harizen on September 12, 2019, 09:38:47 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.

After over a year of lurking in the crypto world, you should understand by now what should be the closest answer to your concern, especially those factors why bitcoin price is increasing and decreasing.

How can you say these things if you don't have quite a knowledge about the factors responsible for bull and bear run or overall, the market situation.

I think the fall of demand and supply will definitely set in. And I even think that is what is done price is pumped. The investors buy the low price order and that leads to demand pull inflation which brings up the price.

Everyone that joined cryptocurrency community in the past two three years must have learnt that earning or making profits from cryptocurrency doesn't at all depend on the duration of hodling. It is a matter of Know the bear and the bull run and selling and buying at the appropriate time.

Just like you have stated your interest in investing in Bitcoin. But investing in altcoins token might be a mistake or loss of fund. Invest in Bitcoin and ethereum now that the price is cheaper to be able to make something reasonable in the time of the next bull run.


Title: Re: IS THERE A REGULATORY BODY
Post by: adzino on September 12, 2019, 09:46:47 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.
No, there are no regulatory body for bitcoin or ethereum. If they did exist, the said crypto currencies would no longer be a decentralized currency. The main factors that decide the price of the coins are us and the coins. By "us" and the "coins", I mean the demand for the coins and the supply for the coin. Bull run takes place when the price of the coin starts to rise rapidly due to high demand (because of some specific event or for no reason) and bear market takes place when the supply increases rapidly more than the demand. It happens randomly with no one deciding if a bear or a bull run will take place.


Title: Re: IS THERE A REGULATORY BODY
Post by: squatter on September 12, 2019, 10:30:40 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.

The traditional answer in a free market is "supply and demand." When buyers outnumber sellers, price rises.

Regulators usually aren't responsible for price movements, except where markets are controlled. One example would be the Chinese Yuan, which isn't a free floating currency like most fiat currencies. It's pegged to the US dollar by the Chinese government.


Title: Re: IS THERE A REGULATORY BODY
Post by: kawetsriyanto on September 12, 2019, 10:51:05 PM
Is there a regulatory body for bitcoin price?

As we know so far, Bitcoin is decentralized. So, no institutions regulate the Bitcoin price on the market.
It is already described here : https://en.bitcoin.it/wiki/Principles_of_Bitcoin

The traditional answer in a free market is "supply and demand." When buyers outnumber sellers, price rises.

Yes, exactly. Basically, the price of Bitcoin or Ethereum will depend on the supply-demand on the market. But we may consider another factor like pump-dump activity. Currently, this also determines how the values of crypto coins, including Bitcoin or Ethereum.


Title: Re: IS THERE A REGULATORY BODY
Post by: AmoreJaz on September 12, 2019, 11:35:07 PM
This question is very strange, it seems to me that you entered this market and never knew what is bitcoin and what its purpose was created. Answering your question, there is no regulator that controls the price, the price rises and falls depending on the demand. But why did you think there might be some bitcoin regulator? bitcoin is decentralized, I believe you have heard that word "decentralized" a lot

this is one of the reasons why a lot of crypto users are still ignorant of what is really going on around him.
And that is why several projects are banking on those type of users and make money out of them.
if you want to educate yourself, you can always read countless threads in this forum. or maybe ever heard of Google?


Title: Re: IS THERE A REGULATORY BODY
Post by: Duzter on September 12, 2019, 11:35:24 PM
The supply available to the increased demand due to the rising adoption that is taking place in large scale is the reason for the bull and bear trend. Along with this more factors constitute the growth happen on the positive as well negative direction. There is no regulatory body, which is the success for these assets to move free, else someone could've stopped it from reaching big values as well will restrict the fall beyond certain value.


Title: Re: IS THERE A REGULATORY BODY
Post by: malevolent on September 13, 2019, 12:56:51 AM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.

Supply & demand, but there is a conspiracy theory not without basis that Bitfinex/iFinex/Tether is partly responsible for the rise in Bitcoin price as they can easily create stablecoins out of thin air and use them to pump the price on their exchange and elsewhere.


Title: Re: IS THERE A REGULATORY BODY
Post by: carter34 on September 13, 2019, 01:50:54 AM
This question is very strange, it seems to me that you entered this market and never knew what is bitcoin and what its purpose was created.

I don't think Op is totally new here. Look at the activities, is like 350 and that is a lot of time. I wonder if those numbers activities wouldn't have given him/her close to a hero member had the merit system not introduced.
Maybe he is ijust gnorant of the question he asked.


Title: Re: IS THERE A REGULATORY BODY
Post by: Darker45 on September 13, 2019, 02:42:28 AM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.

Information is very abundant inside and outside this forum. All you have to do is to search a little, read a little, and understand a little. Well, the steps should have been "get to know the market" ==> "trade". It is odd if you "trade" ==> "get to know the market."

There is no regulatory body in the market. As they say, there is such a word as "decentralized." However, the market reacts in different degrees to developments within and without the market itself, news whether fake or not, whales, and so on. 


Title: Re: IS THERE A REGULATORY BODY
Post by: Little_king on September 13, 2019, 05:46:00 AM
We are yet to have regulatory body in one circle but some country do put innplacr a kind of regulation to put the blockchain technology in shape and fame for better use and staying out of scam for their jurisdiction sopport has many are dashing in to the air or blockchain with useless token to get rid of people hard earn which I think we still better of, if regulatory body will be establish.


Title: Re: IS THERE A REGULATORY BODY
Post by: BitBite5 on September 13, 2019, 05:55:22 AM
I always get surprised how little some people know about bitcoin. They don't make even slightest effort to get at least basic information and that is sad. But I guess they expect for profit to get into their hands right out of the blue.


Title: Re: IS THERE A REGULATORY BODY
Post by: Cityhunter123 on September 13, 2019, 11:13:40 AM
I would not like to have any regulatory body, but the fact that it will be unfortunately inevitable


Title: Re: IS THERE A REGULATORY BODY
Post by: joelsamuya on September 13, 2019, 12:23:03 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.

Bitcoin is not regulated and is not controlled by any group or mechanism. However, platforms like cryptocurrency exchanges and third-party platforms, for example, are now starting to be regulated by many governments and hence they are subject to the laws and policies of the country they are in. So the so-called bull or bear market can be the result of the complex demand and supply mechanism happening everyday.


Title: Re: IS THERE A REGULATORY BODY
Post by: Ucy on September 13, 2019, 12:31:10 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.

Simply demand and supply— More buyers cause the price to go up and more sellers cause the price to go down. This is unlike fiat that is pretty much regulated to keep price stable. In theory, fiat price is based on country's GDP but there's some inconsistencies in this. Probably does not apply to all countries.
Cryptocurrency could even be coded to behave like fiat


Title: Re: IS THERE A REGULATORY BODY
Post by: Ridwan Fauzi on September 13, 2019, 01:27:52 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.
Sometimes ago I read an article who stated that there is a stock in my country and meet increasing price around 1.320% for at least three months so as the government temporaly closes the stock to be traded. It looks like your question has the same with this case.

But there is something that you should know bitcoin is not like that, there is no party who regulated it and the price movement based on the user itself which mean if there is some people who buy then its price will increase. And also since bitcoin was designed as decentralized system so as the price movement won't be set by anyone.



Title: Re: IS THERE A REGULATORY BODY
Post by: ene1980 on September 13, 2019, 02:19:22 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.
Since you think that all the bull and bear market movement in any financial market is controlled by a regulatory body i have nothing else to say here  :P.
Regulatory body is meant to monitor any fraud in the market and if anyone is involved in the price manipulation they will be spending a long time behind bars, since there is no regulatory body in the crypto market, there might be manipulation by whales.


Title: Re: IS THERE A REGULATORY BODY
Post by: Artemis3 on September 13, 2019, 04:06:21 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.

Well this is the opposite of freedom and decentralization, exactly how a socialist mind would think: The free market cannot be free and needs the State controlling its price... Perhaps you are thinking floating bands or such by a central bank or something?

You cannot be more far from the truth. Bitcoin is absolutely free, and cannot be controlled. In fact, whatever someone is willing to pay for it in fiat or other altcoin, is absolutely unrelated to it. Bitcoin has nothing in its code that regulates any external factor such as price. And the only thing that regulates Bitcoin is its code, whats written in it, gets executed, nothing more, nothing else.

So to answer your question: No, there is none. Price is decided by the free market, the way it should be.

Bulls and bears will come as they please, to Bitcoin it doesn't matter. This will naturally decay into less volatility, over the course of a few more decades, just like gold has gone "boring" after centuries. Bitcoin is only 10 years old...


Title: Re: IS THERE A REGULATORY BODY
Post by: kryptqnick on September 13, 2019, 04:38:29 PM
This question is very strange, it seems to me that you entered this market and never knew what is bitcoin and what its purpose was created. Answering your question, there is no regulator that controls the price, the price rises and falls depending on the demand. But why did you think there might be some bitcoin regulator? bitcoin is decentralized, I believe you have heard that word "decentralized" a lot
A weird question from the op indeed. Of course, there's no regulatory body controlling the price dynamics. There are, though, other things, somewhat related to it. Firstly, there are regulatory bodies assigned by certain governments that are controlling cryptocurrency projects operating on their territories, require identification of crypto users from this country, etc. And there are also things that can affect the price. I think that the biggest impact comes from the news releases (both good and bad), then there are whales which might make a difference form time to me. But it's largely just us, the Bitcoin community, that set the price by trading.


Title: Re: IS THERE A REGULATORY BODY
Post by: serjent05 on September 13, 2019, 05:54:28 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.

As far as I know, there is no regulatory body for Bitcoin price.  The price depends on the demand of the people and mood of the market.  Bear market and Bull market still depends on the market sentiments that affect the demand of people.  Having no regulatory body is the reason why Bitcoin price is highly volatile since there is no one controlling it in times of upsurge or crash.


Title: Re: IS THERE A REGULATORY BODY
Post by: Lauren Smith on September 14, 2019, 05:00:39 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.

Actually yes, now that you ask. There is said to be a group of the elite which go into the forest with the bulls and bears and wear tinfoil hats which allows them to receive signals and tell what price bitcoin will be.
The problem happens when the bulls and the bears start wearing tinfoil hats too. This interferes with the natural course of things.
This info is top secret don't tell anyone.



Title: Re: IS THERE A REGULATORY BODY
Post by: jostorres on September 17, 2019, 07:19:35 AM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.
There is no regulatory body, and the factors responsible for the bull run are the bulls and the bears which we could interpret to law of demand and supply. Every time you see the bulls over power the bears and through their activities create high buy which causes fomo and in return make the price of bitcoin surge, that is when you see bull run, but when the buy power of the bulls are quite week and there is more money being withdrawn from the market than it is being put, you see us enter the bear market, which during bear market, people don’t put in money that much with the believe that the market is bad until they see a motivating factor like a little shut in price.

For now, I think that the demand of bitcoin is still quite low than the supply and that is why we have not seen bull run, so we need very big bulls to bring in big money to place a big demand at once.


Title: Re: IS THERE A REGULATORY BODY
Post by: yesyes18 on September 19, 2019, 09:17:26 PM
There is no need for a regulation for a market to have trading value. I mean it isn't a mandatory requirement. Moreover, the market moves nased on the factors of demand and supply. At times the super hypes also makes the demand very high. The dump and pumps are also influenced by big whales who have much Bitcoin and can move market.


Title: Re: IS THERE A REGULATORY BODY
Post by: Mandoy on September 20, 2019, 06:40:57 AM
Cryptocurrency does not have a center it is decentralized. There are no regulatory body whose job is to monitor and regulate the movement of the price in the market. Bitcoin and Ethereum as well as the whole cryptocurrency assets are all market based. Their value will depend on the buy and sell volumes and the price trend on the market. Thus its volatility is very rampant and wild sometimes but this is what makes cryptocurrency unique and loved by traders.


Title: Re: IS THERE A REGULATORY BODY
Post by: dentolas on September 20, 2019, 07:01:05 AM
where have you been???
since when the markets are regulated? isn't it supposed to be the law of offer and demand?
And if you speak about BTC........ it is decentralised my friend.... no point in going further...I think I am probably not understanding your question
have you even checked the charts for ETH and BTC since, let's say, 1 year back?


Title: Re: IS THERE A REGULATORY BODY
Post by: robelneo on September 20, 2019, 02:29:17 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.

The market is the one that dictates the price, it's no different from any investment and trading site, there is no regulatory body that monitors the price and I like it that way because there is a big possibility of all-time high but also the risk of going to the floor, since you're into trading, you should watch a lot of videos about the various market condition, you could lose a lot if you are ignorant of these factors.


Title: Re: IS THERE A REGULATORY BODY
Post by: coin-investor on September 21, 2019, 03:51:08 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.

There is no regulatory body and there should not be one, it's decentralized and anonymous, I think you should go back to basics on what and how Bitcoin and Cryptocurrency operate and it's underlying principles, go to Youtube and check videos there.
Bull run and bear operates in supply and demand, I wonder where are you trading and why you did not know this, this is basic of any trading platform.


Title: Re: IS THERE A REGULATORY BODY
Post by: Kakmakr on September 21, 2019, 04:00:27 PM
You do not need a regulatory body to create a bear or bull market. The Bitcoin price are determined by demand and supply in the open market and this market allows for the establishment of whales in the market, that can trigger bull and bear markets.

Bitcoin are not immune against manipulation from people with a lot of money and the early adopters of bitcoins has a significant amount of coins, which are being used to manipulate the markets. <Not all of them are doing this, but some of them have enough to do it.>  ;)


Title: Re: IS THERE A REGULATORY BODY
Post by: Artemis3 on September 21, 2019, 04:13:45 PM
There is no need for a regulation for a market to have trading value. I mean it isn't a mandatory requirement. Moreover, the market moves nased on the factors of demand and supply. At times the super hypes also makes the demand very high. The dump and pumps are also influenced by big whales who have much Bitcoin and can move market.

Not only it should not be mandatory, it is harmful. State intervention always do more harm than good. Do not believe in the illusion of socialism replacing the free market forces with their own bureaucracy, it never worked, and it never will.

The ups and downs are healthy, it shows the world the asset is free of intervention of any kind. There is nothing more dangerous than an artificially pegged asset to whatever someone in power decides it should be pegged to. Yes, including those so called "stable coins", very dangerous. You were warned.


Title: Re: IS THERE A REGULATORY BODY
Post by: betty11 on September 24, 2019, 07:40:12 AM
We don't have regulatory body, and I don't want them either, this is a decentralized system. If we need a regulatory to determine the price or market season, then it's a useless market because they will use it to their advantage. We the investors determine what happen in this space. It's our behavior that determine the various market season and movement.


Title: Re: IS THERE A REGULATORY BODY
Post by: Rahman11 on September 24, 2019, 08:20:45 AM
I think as decentralization no one can control over bitcojn price! It’sfully running by public and market demand, decentralised crypto-currency not can control by any power! 


Title: Re: IS THERE A REGULATORY BODY
Post by: Lalafell on September 30, 2019, 03:28:03 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.
Since bitcoin is a kind of money that used in virtual world or we can say it is part of cryptocurrency. Cryptocurrency are virtual money that are decentralized which means the government is not part of it, government have no power to rule it and make a regulations about the transactions in cryptos. So that we don't have any regulatory body in terms of making laws and guarding cruptocurrency.


Title: Re: IS THERE A REGULATORY BODY
Post by: teosanru on September 30, 2019, 05:16:02 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.
Is there any regulatory body for Forex market prices?? Don't they have bull runs or bear runs? Every market in the world no matter what works on the basic concept of demand and supply. There is always a commodity which may be a security of a utility in both cases it's value is determined by the demand and supply of that commodity and nothing else. I can't remember after 1935 that any regulatory body set a price of any major currency in the world. They are left to the world of demand & supply where the bull run starts when demand is increased and buyers raise the prices high and bear runs starts when supply is increased & sellers want to sell at any price.


Title: Re: IS THERE A REGULATORY BODY
Post by: SummerBliss on September 30, 2019, 05:40:28 PM
I have been wondering since I join bitcoin and ethereum trading. Is there a regulatory body for bitcoin price? If there is none, what are the factor responsible for both the bull run and the bear market.

Supply & demand, but there is a conspiracy theory not without basis that Bitfinex/iFinex/Tether is partly responsible for the rise in Bitcoin price as they can easily create stablecoins out of thin air and use them to pump the price on their exchange and elsewhere.

This is how world works, isn't it!
Everything happening around is happening in the way, rich and most popular wanted it to be. Cryptocurrencies which during their inception gave hopes that they will break this concept seem like they fell to the prey of rich and powerful too! Roger Ver decided to create his own version of Bitcoin, created Bitcoin Cash. Not only that, he did his best to pump BCH and dump BTC. His efforts were almost successful when BCH almost reached 80% of the price of BTC. Similarly, big exchanges like Bitfinex or Binance manipulate prices everyday through their malpractices, who knows.
Days were gone when Bitcoin was actually used to be decentralized.


Title: Re: IS THERE A REGULATORY BODY
Post by: bitbunnny on September 30, 2019, 05:46:44 PM
Obviously some users are missing elementary knowledge about Bitcoin.
Since Bitcoin is decentralized and independent from any government or authoriy there is no regulatory body. Price is determined by market, supply and demand ratio and some other factors that might be very subjective.
Also, if Bitcoin will be regulated that doesn't mean that there will be some central body, like national bank or something, that would define the price.