Bitcoin Forum

Cryptocurrencies have seen it's all time high on Dec 2017.  People went crazy buying and selling cryptos.  Some made a lot of money and some have lost.  But most of them didn't know what are cryptocurrencies.  Hence, when the media published FUD, many weak hands started to cash out at loss... crashing the market.  This is why, do not invest in what you don't understand.  The government cannot ban blockchain from existing in this world.  It is a form of technology and it is stupid for someone to ban technology.  However, they can regulate the cryptocurrencies that are used to fuel the blockchain ecosystem.  How can regulations happen?


1. Classifying crypto as either a legal form of tender or an asset.
2. Monitoring all the ICOs and banning the scams.  Public money are being raised, government should interfere to protect investors.
3. Putting an end to any shitcoins/projects.  De-listing them from the exchange.
4. Keeping an eye price on manipulation and stopping all the pumps & dumps.
5. Income tax/capital gain tax.  This depends on how is crypto being classified.

All the 5 points above will have more good than bad.  Crypto market cap is less than $1 trillion while stock market is $70 trillion.  With more good coming into crypto, it will be a safer place for investment and this will attract more money.  With more money and less scams/shitcoins, investors will only focus on putting their money on legit and good project and when there is more money, price will definitely moon.  I believe this will happen within 2 years.  So get rid of all your shitcoins, hold the good ones and stay positive.  We are the early investors in cryptocurrencies, be patient and wait until it becomes mainstream. 



   

If you are negative - we can't see you in this forum because you would sell all your crypto already and has no beleive in crypto's bright future and big profits ;)
We all beleive in positive regulations because we are in crypto

Many people looking positively on regulations, maybe they look forward for the legal security and safety on their life in cryptocurrency because, because until now a lots of people are fear and uncentainty doubt about cryptocurrency business.

you are confusing 2 things here.
first is that a lot of the newbies who bought didn't know what cryptocurrencies are and that is why we saw the "big rises" not the falls. the falls was because of the bubbles, when all these newbies with no understanding of anything started pouring their money in altcoins they never knew they were investing in a pump and dump scheme and now they are getting dumped on.

they first have to regulate exchanges. and even if they do that, when it comes to altcoins and ICOs there is always decentralized exchanges that nobody cares about regulated exchanges. that is one of the reasons some exchanges are resisting regulations because they know they may lose their customer!

again nothing can be done about this. and if they remove pump and dumps from altcoin market it will die for at least a year until all the current altcoins are purged and new projects come out.

I have been supporting the regulatory efforts of the government in protecting investors and ensuring transparency in blockchain technology. We must understand the apart from the threats the governments and financial institutions perceive from blockchain to their control, it is necessary to regulate them so that many things won't go out of hand. Unscrupulous fellows would certainly take advantage of unsuspecting investors.

Only people with criminal intentions are afraid of regulations. Government recognition will inspire confidence among prospective investors.

Like I told some of my friends, all these regulations happening in cryptos will make cryptos more stronger and better in the future, it will allow more established institutions that easily enter into the space and invest a huge sum in the space. Regulation will make cryoptos better friends,

I strongly agree on point 2 that governments should organize ICO, select and screen ICO Projects from ICO team data about team identity, home / company address, clarity of project content offered, essential to prevent fraud and protect investors.

I aslo subscribe to this regulations as long as it is not going to stiff out the space, I know for sure there are some people looking into the space and thinking if I am not going to be protected there is no need to entering this space. When this is clarify, we will likely see more money entering the space than before

You should ask yourself if regulating scamcoins/shitcoins and non-viable projects will have a positive effect in the end, when right now is the time to make big earnings from those same projects. A shitcoin can still be the best coins when it comes to speculation. If all is regulated, it will become low risk, low yield.....not sure if this means the whole MC will come even close to the stock market MC. Also, removing all those shitcoins, would mean an even lower MC.

I am all for regulations, but only to ensure scam ICO's are not that easily pulled off again.

I hate regulations out of fear by governments on how to control money circulation.

i think with regulation of investors will be safer in investing the money, will eventually increase the price of coins and competition will be healthier because it minimizes scam of ico

Not really, those people don't care much if they know how to move between cryptocurrencies. For instance they are more likley to use private coins such as zCoin, XMR and many others and if they want "safe spot" they can move to some stable coins and thus they don't even have to go throguh banks and regulations at all when they can keep everything in crypto

Most of them are a beginners in the crypto currency world that didn't know about investing in crypto. But I fully believe the power of crypto currency that  it may be the way to change the world in the future and gave a lot of opportunity to many people.

I don't agree, cryptocurrency is a positive impulse for IT sphere but it won't change the future and it won't bring any extraordinary new opportunities

I am highly in favor of the rules for Cryptocurrencies. If it does, it will make the market more stable, volatility will be controlled ... The value of the currencies will increase. Besides, it will limit the scams that affect the general market.

I am rather sceptic about regulations. Authorities do not have deep knowledge of the market, so it will not help to avoid scams.

I also think that regulations have big advantages and it will bring more security into the sphere of crypto

I am not fan of regulation because first of all, cryptocurrency existed without laws and regulation. But right now, as the government see that the people has a potential become a millionaire in cryptocurrency, they implemented a law & regulation in crypto. Hence, I think it will now becomes a barrier for us to be successful. Imagine, you will pay taxes that you will get from bounty campaigns only. But it regulating cryptocurrency is better than banning it to our country. If the government regulate it, there is a possibility that we can gain and store our cryptocurrencies rather than if they will ban it in us. Unless, the government will not ban the crypto in your country, we must be glad because we have an opportunity to be part of growing industry.

I really think Scams will always happen even if the government regulated the Cryptocurrencies, And ICO's that has been used by scammers we are not really safe by something like this you can not know the developers minds and their purpose in making their ICO's and just like in the Regular currency even if the government regulated it there are scam and ponzi that are happening so what's the difference in regulating Cryptocurrencies.

It is very nice to scrutiny because it is indeed very important. This application will give you a big profit on the investment and I think it's good for investors who have long or novice this concept is very good.

I'm also positive about regulations, as it'll attract big investors. Most of my friends are afraid to invest in crypto just because it's not legal yet. Of course, regulations mean that we'll loose anonymity, but it's not a big deal for me. I'm ready to pay taxes being sure that my funds are safe and protected.

You all talking about some fantastic scam killing regulation but the only thing that regulation brings is cleaning the market of useless dead coins

I agree some of them are newbies buying coins that they even dont know what's with the project or a company. They just know they will benefit from it. Actually i am too positive on regulations.

I am for regulations too. Even if they say there is no control because crypto is decentralized, i could say there still is. So a regulation is best to make sure we are not played by sharks to pump and dump and then at the end of the day we lost and they gain so much. Icos need to be regulated because thre has been many of them created without a clear project in line.

I have similar point of view. Regulation sounds bad, but it can give more positive signals than negative. Also government regulation means that large investors can use cryptocurrency as financial instrument without any problems.

Regulations is for the betterment of the crypto currency world. With these,maybe the trust rating of crypto will get higher. So, in effect, there will be lots of investors like to join crypto currency.

For a long term vision to sustain this cryptocurrency market there should be a regulation applied to designated categories of cryptocurrencies like for tax regulation, proper identity of the investor and the project team. Regulation brings a positive outcome of cryptocurrency investment don't think about the negative issues about the government even millionaires from a legitimate businesses had follow regulations too then why is it hard for us to follow the millionaires good governance if we want to follow the footstep of being a millionaires someday in this crypto world.

In my own perspective, I am positive with those regulations. But we can't deny the fact that the cryptocurrency existed without regulations or laws. I think it seems like the government see that people can be a millionaire or has a potential to be a millionaire so that they implemented regulations and it's a good and a safe way for us who are in this.

Monitoring ICO's will make the most positive effect on the crypto world. You can't even fund raise for charity without permission from the authority. It should be same for the ico's. Huge amount of money collected by investor but barely they used as they described. Investors become dissatisfied with the situation and FUD everywhere. Whenever we get rid of shit coins, it will be much more safe place for investors to invest.

Maybe in the future people will accept regulation because it cast a bad image in cryptocurrency industry in general and this is one of the main reason why countries are banning Bitcoin, if there are regulations we can be sure that only true and legit profit will be able to launch ICO.

Regulations seems to make one feel secured. Yes, if this is integrated into cryptocurrency, it will curb so many mishaps and i feel investors, will feel safe and secured to invest into any ICO. The rate of scam will be reduced. It also increase the number of investors.

I'm also support regulation of cryptocurrency specifically in ICO to avoid scammers and to protect investors from theft. It really needs a regulation in order for other investors to join the cyrpto and became the main stream of financial industry like stocks.

For people who lose a lot of money because of ignorance about the crypto market, they will re-learn to invest if the regulation can be realized,,
About taxes, whether the perpetrators of crypto would sit around discussing taxes..? And, After the 5 points are on the run, whether Bitcoin or Altcoin remain anonymous..?

I also think that regulations will be good for crypto. This is because the reason why majority is still not investing in crypto is because they are worried about laws. If there are proper laws and regulations, they will also start investing.

Recognition is a vital step in global adoption. If regulations will bring a great deal of attention toward crypto and new investors.

I think so too. They will always find a way to make money so long as people including the investors who wants to be anonymous.  Even those projects where the developers are known and had exposed their linkedin profiles had scammed still. We just can't control people from doing it because when it comes to money, the greed will always win for those who had intentions. But over all, I think regulations will help the future very much.

Regulating this crypto will always be positive for all in the sense that regulating doesn't mean harming,for me it is guarding the safety for us all and I think this is our shield against scams so if this will happen we become untouchable to those greedy people doing scam in this crypto world.

This takes away the anonymity and decentralized nature of Bitcoin. Why would people want to invest in currencies when they know the government is controlling them and they would not get such crazy returns. Also, a lot of people who are active in this market do not really have the maturity to trade. They are just kids who are playing with money. This is another reason why people make so much money here. They play with their minds.

There is truth in your opinion, but I think that regulation is not needed today, because the crypto-currency world should be based on this, of course we understand that integration is necessary for integration, but then what is the meaning of crypto currency? Is that they are limited and only?

The main thing why crypto worked for everyone regardless of who they are is that crypto isn't bound by regulations. your points are sensible and it really takes away worries such as legalities but all of these  things are also the things that will hold unnecessarily crypto down.

Regulations do matter but most of the countries in the world are silent on Bitcoin and cryptocurrencies. This is also better than coming up with some harsh or incomplete regulations like Indian government and central bank did to users.

You really say the truth. The authorities are not competent in the field of cryptocurrency and they can not properly address any issues in the crypto market, so I think it's a matter of making a special body that will control the ICO and there must be professionals working there.

Govt. Regulation might be good but will surely be against the decentralized nature of blockchain