Bitcoin Forum

Since the last dot.com bubble many people stop trusting the government and bitcoin was born which offers decentralization, i think this is a big difference from dot.com because if you ask me what dot com bubble was i'd say is simply a rising asset that no one have no position in, but now that we are all hoping for regulations which ultimately will involve the government isn't it a big mistake?
Share your thoughts ....

I think that any cryptocurrency associated with the government is just digital money. Cryptocurrency is more than just the ability to pay without using fiat money for me. Cryptocurrency is freedom from the control of banks and the government over my wallet.

Belief me I actually don't want government involvement in crypto at all but there is no way governent won't interfere because of lack of regulations plaguing crypto, because of the FREEEDOM given to us by the power of blockchain many bad people are using the technology to hurt others, the solution is regulation whether you like it or not

I am thinking same like you. Government shouldn't involve in cryptocurrencies world. Gov's wants to control everything. It is in its nature. They have to know everything, control and regulate it. Let the people learn what is cryptocurrencies, how can we use it, is it safe or not... Then we won't need any crypto regulation already.

I think dot.com bubble is very similar to many altcoins that are currently in this market. at its core, it is one and the same and that is why we must clearly understand what projects we should invest our money

I think the bitcoin will remain the king of this market beside ETH and very few altcoins, and many altcoins will become did in near future.

it is not a big mistake, because basically the price of cryptoqurrency is very volatile so that the rise and fall of coin prices on the market is reasonable. Regarding the regulation, it only depends on how the government sends a message to the public that the adoption of crypto is really needed for further crypto development. thus the market can bounce back from this difficult time.

At least dot coms have real usecase and user base. Crypto still dont have widht range of merchants and users. Specualtion is still main use case. Thats the main problem

I agree with you, it's about crypto not about the government. if we involve the government to adopt the crypto market it's impossible, not to mention the pros and cons of the general public who don't know anything about the crypto industry, but I believe that blockchain technology will develop much better in the future.

Consider crypto is very familiar with its decentralized and it's a big mistake hoping for the involve of the government. Crypto is very similar like dotcom bubble. Remember about the government is a centralized entity that wanna take over anything that they are not interesting to see that. Crypto will be centralized if the government will be involved through its regulation

I think governments can not have full access to all available projects especially decentralized coins and privacy coins, only centralized coins or exchanges will be affected, projects like ripple was built with centralized in making so it will be very easy for government to take over such projects

.com bubble was much bigger than crypto and right new we hardly need regulations to make new people invest into crypto currencies. Every second new project is a scam, old crypto currencies are losing in price every day, it is not so attractive for potential investors.

regulations will not guarantee risk of loss. Therefore, the rules in the crypto market need not be enforced, because cryptoqurency itself has nothing to regulate even from then until now. crypto goes over time, I am sure the market will not die and crypto still has a chance to rise from this bad situation.

Dot com bubble hit the world during the 90's and similar to this several incidents have taken place in the past. Another one being the tulip bubble, following this people was much into controversy about bitcoin during the previous bull run stating it to be a bubble. By the same time there were people who strongly opposed it stating it as a wave of growth which might get slow down but the growth won't gets stopped. Same as that we've been getting universal support and growth continues. With Bakkt it gets elevated to next level and won't be termed bubble anymore.

The main reason people attach bubble to cryptocurrency is in its use case as they fear government will never approve it over fiat currency because it is hard to control. Also, the fact that it is unregulated means it is currently being used for illegal transactions which further proves to the doubters that crypto will end up being a bubble as government has enough reasons to ban it

I will take a small sample, if the government can eradicate project fraud in this market, of course I would strongly agree if you want to involve the government. but unfortunately that is not possible, so the government cannot regulate this market. and now we are seeing market correction, after the price of bitcoin has jumped in the last 2 years and now the market is the opposite. but according to the analysis of crypto 2020 is a glorious year like 2017. And hopefully that will really happen

Sorry but I think the other way around.  Without government regulations, many people will fall on scam.  I have seen those actions, scam company exploitinig cryptocurrency having no legalities to operate since their reason is that it is decentralized.  I am into freedom but if it gives more negative impact than positve ones, it is better to have the goverment to step in.

People are too lazy to learn and criminals exploit this, at least with the government regulation around, these criminals will have a 2nd thought in doing their crimes.


Having the government to regulate things means a way for people to check in if the project is a scam or not, something like guidelines in investing into a cryptocurrency startup/project.  And if ever they scammed people, with their registration, the perpetrators can  be apprehended and be jailed.

I am not sure what is called bubble in crypto. We assumed it as bubble but it is not actually considering the movement that is ongoing now and still pending in most of the altcoins.

Bubbles are typical for economy. Economy works in cycles thanks to quantitative easing. So it is natural that every price growth is followed by price fall. If you understand cycles, you can buy low and sell high.  :)

Cryptocurrency is independence, that is why most people use it. In any case, the government wants to dominate everything itself, it can't work here and that is the first reason people prefer to use crypto world, here is much comfortable than there. To be frank, the government use their power to remain their egotistical interests, the only the world of them.  The bubble can pop if something serious news left the marks on the minds of the crypto investors. The quantum computers are the biggest threats against the reliability of the Bitcoin but the timing is unknown to the many investors. The technology never gets old, it always becomes stronger than previous versions.

IMHO we'll see mix opinions and thoughts about it. But crypto isn't really meant to have that but if there is no choice, who we are to stop them? Although the gov't can't stop or interfere unless they will implement a forceful law to the people who are into crypto.
For which, I doubt they will.

Yeah government involvement has both positive and negative effects so i have neutral opinion about it and secondly i think gevernments of all major countries will soon start developing their own stable coin which will be fully regulated and taxed so the real decentralized cryptos like btc and eth will gain even more value and demand because of their truly decentralized nature and being free from control of any govt or institutions.

Personally I think the crypto has a very wide advantage ! In the sense that seemingly you control your friends at will either to buy or sell . Even though crypto needs to be regulated need it to put things in order . Buy yet our freedom is at stake .

The dotcom bubble can't be the same as the other Ponzi scheme balloons, I don't think the crypto bubble will pop one day. The deflationary price feature of the Bitcoin is the big plus in this illustration. The trillion-dollar market cap may raise such concerns but it is too late calling the small arm of the financial market as "bubble".  The crypto traders don't go all in the single coin because of the FUD which can be the reason for sudden price dump. Crypto prices are under attack with the FUD when the market is in the bull trend mode. 

The crisis character of capitalism also combined with this fake news and the technology world will not see the financial crisis first time if ever the bubble comes to the end. The hidden hand rule is the name of the economy's central bank which determines the supply, demand depending on the market situation.

Good answer. Indeed, a huge number of ICO and IEO who simply took the money of investors are no different from dotcoms.But if we are talking about top altcoins, then naturally this is a revolution for investors compared to dotcoms.

It definitely is a big mistake. Unfortunately our kind of opinion is no longer very popular in Crypto community.
Regulation would automatically transform a cryptocurrency in fiat currency. Should we then still call such a currency a cryptocurrency?
People who don't understand what Blockchain is all about don't care too much.

I think people wants a decentralized financial system free from manipulation by the centralized entitys such Banks thats why they choose to support Bitcoin and other cryptocurrencies. im not againts in any government regulation and i think it was badly needed to be regulated in order to protect the investors hard earned money from the scammers im favor in regulation as long as it will not hurt the true purpose of the crypto-industry.

It is surely a mistake to an extent but WD need it is better that we get the crypto space regulated even if it will have element of decentralization than to have scammers destroy the crypto space entirely. You look at it, it is because of lack of regulation that scammers are able to use the crypto space to dupe people and then do scot free with it without being apprehended, and then still come back again to carry out the same atrocities over and over again.

I know that government involvement would really make us to lose some level of decentralization, but I think that can still be controlled using bitcoin. We might have lots of centralized coins being introduced after regulation but bitcoin will always remain a decentralized coin.

We can't stop the government from regulating the crypto market, and let's admit we need it for crypto to look legit.
People judge an investment legit and good when there is a support from the government and although they will regulate crypto, I don't think they will be able to control it.
 
Yes, it's different because we own our position here, once we hold bitcoin, that's ours and we can even hide it in our wallet without giving the government a chance to freeze it. This is a decentralized asset, it's quite different from other form of investment so let's be positive with its future although government are getting involve here.

I think by having regulations from the government, we will see bitcoin become a legal thing in the government's side. The public will also know that the government supports bitcoin, and they will not think that bitcoin only used for the illegal thing. They will see that bitcoin offers them a new way to make money from the internet so they can try to join like the other people. That will also help bitcoin to become famous than today.

this will happen. every year, people will learn more about Bitcoin and more and more opportunities for its application will appear. a few more years (5-10) and we will see the massive adoption of bitcoin 8)

Buble that happens to dotcom can happen to cryptocurrency if every new project appears without a clear product. In my opinion, with the existence of a pump and dump project, buble could have happened but seeing the dominance of bitcoin that is above 60%, I think the cryptocurrency market value is still within safe limits because the value of altcoins that don't have products becomes small

I think the government is using Bitcoin to do illegal activities and we cannot know this. The market is anonymous and we don't know who transferred it, so Bitcoin is always the choice for the bad guys to do this. In the near future the Crypto market will soon legalize and that's when we will be in a lot of trouble because they will soon track down where our money comes from.

I think the regulation is good to make crypto become legal as long as the government doesn't interfere with the process of trying to control the market. With the regulation, they can know people who are using crypto from transferring the money from the exchanges to their bank account. And if somehow, that person doing illegal business, then the government can track them down or chase them.

The government can trace the money from the bank account that already sent out to another account, and if the government was suspicious with the transaction, they can ask that person and clarify about the transaction. Well, that is only what I am thinking so far because with regulation from the government, I think we will get protection from the law and we can use crypto without afraid of making an illegal thing.

nothing anyone can control bitcoin and altcoin, because they are decentralized.
goverment just create regulation for this sector for using crypto in their country like in my country, not really control them as all.

We could hope that will happen in less than 5 years from now so bitcoin can be known as a legal thing in the governments. Yes, I see that every year, the number of people who learn more about bitcoin still increase and it only needs to wait for the right time for the bitcoin to explode. And if there is nothing wrong happens, we could see that it will come in a short time.

You have a point there, I have never seen it this way because I have been worried about the way government is planning their own cryptocurrency, they will actually create a stable coin, which indirectly mean that people can still use both government's stable coin and still use bitcoin for their anonymous transaction, and really, government coins is going to be centered ion centralization, and only bitcoin would still remain the most decentralized coin that we have in the market, and I think that this will really make bitcoin have more value.

It is even a good thing that they are creating their own coin, it will at least divert their attention from the hatred they have for bitcoin, and they would not think of coming together to declare ban on it.

Even if we don't hope for it, regulation will happen as there's no such thing as not regulated here when the market is already as big as a billion of dollars market. The government's job is to protect the investors and the users of crypto, they won't be able to carry out their function without regulating the market.

I believe it's not a mistake since the market is already slightly regulated now and we see some good progress especially on exchanges where there's less fraud now. Let's embrace this changes as we need this, let's comply to what the government requires us and then we can see a consistent growth for the crypto market.

I am also not against legal regulation.
However, not does this contradict the basic principles of cryptocurrencies - decentralization and anonymity?
Or, probably, it will be something new, let's call it, for example, legal cryptocurrencies.

If people are speaking about regulations, they mostly think about total control over the whole crypto market. What we really need is some instance that can control the legitimacy of ICO projects that are going live to reduce the amount of scams.

Yes it is crypto has a lot of advantages but at the same time crypto has so many disadvantage that needs to be solved. Crypto doesn't need to be regulated but it just need to get legalization. The fact that the regulation will make crypto becomes centralized. This is the big problem in the crypto and you can see how okex was following south korea regulation.
Crypto is too early to be regulated and that needs more time. Im thinking about just try to leave crypto grow with its nature.

It contradicts the intention of being anonymous,  though there's no way that everyone will continue using the system that have a big market value without the interfering of the government, both for right regulations or to also have a good control with how things are getting bigger with this market.

Government will ensure its position having a much higher knowledge to incorporate its ruling to prevent more people from their jurisdiction being victimized by scammers.

Personally, I think that so far any cryptocurrency is tied to the dollar, since you can not live without cashing out money from the cryptocurrency with the money that you will be able to pay. So far, cryptocurrencies are still inconvenient to use in full.

Input regulation and then maybe it will just become another digital currency and will not move much anymore.
I guess traders wont like that to happen and so is investors who are putting everything in crypto currency just so to see a big profit to come.

There are different views and opinions about this.
I say go for it. But not to the extent that the government will have much control.
Pick bitcoin instead to avoid it.

Any market is somehow reminiscent of the bubble. In order to make the stock traders are constantly manipulated prices and drive them up. But this need not be afraid, most importantly that you were able to determine when the market is saturated and it is necessary to fix their profits. The market in the future again will start pumping.

That's right, the essence of decentralized can fade. Cryptocurrency develops and functions as a niche. The legality of the government is an official acknowledgement that cryptocurrency can be used properly, however, as with many things in this world, it is always likely to be used as a tool of crime, as many fear.

Cryptocurrency still can not use fully. But it already spread all over the world and try to involve in every part of the world. Still few government try to know about cryptocurrency and tolerate about it. Crypto needs to be legalized, so no worry anymore.

We are the cause of our own problems in the crypto universe in a sense that the rate at which scam projects and hacks have been on the increase is way too much for the government to sit back without protecting its people. Regulation of crypto may send it into the hands of some centralized bodies to make crypto not attain its fully decentralized nature as we know BTC and most of the cryptos to be. If crypto was to be operating without scams ad hack attempts, I think the government wouldn't have any point to come in to save its people because some people think crypto was made on grounds to still from people who have little knowledge on crypto.

At the beginning of 2017, everyone saw how easy it was to make money in the cryptocurrency market. I think that we have not such a fatal end to date.

The whole economy system works in cycles (bubbles). Now I see a bubble on stock market and on real estate market, while cryptocurrencies are at the beginning of the growth cycle.  ;)

We should never compare the dot com bubble to Cryptocurrency, the comparison is very far and vague, this is an evolving technology that are being adopted by companies and new products and services are now evolving around Cryptocurrency, Cryptocurrency is now ten years old and there are still so many things to explore here.