Bitcoin Forum

Joseph Stiglitz, the Nobel Prize-winning former chief economist of the World Bank, Nouriel Roubini and Kenneth Rogoff were in unity in claiming that Bitcoin’s value could drop to just $100 after being "regulated into oblivion".
However experts from trading platform Blocktrade.com and LoyalCoin stressed that "REGULATION WILL NOT MAKE BITCOIN PLUMMET TO $100. It will not kill off cryptocurrency but will in fact be vital to crypto's growth. It will be essential to the adoption of cryptocurrency on a global scale. And will encourage more businesses to start taking the emerging technology seriously. The key issues affecting cryptocurrency, like security and volatility, can be rectified through regulation". [https://www.businesscloud.co.uk/news/regulation-will-not-make-bitcoin-plummet-to-100]
 
I've read this somewhere; The currencies that succeed, are not those that circumvent the state, but rather those that are legitimised by the state.
But it is a known fact that, Bitcoin is a decentralized digital currency. Free from government interference and manipulation.
Does this mean that Bitcoin, being the most popular and most sought after cryptocurrency, still cannot be considered a successful currency?
How can regulation help Bitcoin along with other cryptocurrencies? Will it benefit the investors as well?
Your thoughts guys...

Regulation is a legal basis for determining how Bitcoin can be used. With the regulation, everything related to bitcoin will have a clear rule.
With things like this, investors can make decisions, when regulations support the development of Bitcoin, it will make investors more convinced to invest in Bitcoin.
For me regulation is an urgent matter, when everything has been regulated then everything will be much better.

Before, I can see regulations as somewhat detrimental to the growth of bitcoin due to the unjust implementations made by the governments, but now it seems that they are slowly trying to level with the masses and actually listens to the pleas made by people. Also, regulations somewhat protect people from getting screwed by scammy services and organizations that uses bitcoin and cryptocurrencies as media for their nefarious doings. Overall, regulations for bitcoin and cryptocurrencies somewhat shaped the scene into a nice form which people and services see as somewhat inviting.

Depends.
If it's about bitcoin as a currency then legalized bitcoin could invite more users, then in effect would increase its value.
If it's about bitcoin as an illegal scarce collectible, then the scarcity, difficult to get, risk to store, would also increase its value. Well, it's more like stolen Mona Lisa.

I'd prefer the first option.

Nouriel Roubini or however it's spelt it's a notorious nocoiner of the highest grade, he has been missing on Bitcoin for ages now, it's similar to the case of Peter Schiff, all of these guys have been aware of Bitcoin since it was a couple of dollars, they never bought so became eternally salty at it. He will always find the bear angle of things.

Regulation is unavoidable because that is what governments do. What do you expect, that they will allow money laundering and so on through Bitcoin? don't be deluded.

What we know is that they allowed Futures and Bakkt and ETF are going to be approved eventually. So if they wanted to crush Bitcoin they would leave it at Futures and continue suppressing the price, and not allow bullish products like these (again im assuming the will eventually pass.. maybe they don't)

Anyway the value of Bitcoin is that it works irrespective of what governments have to say about it. For me this makes it incredibly undervalued, for others that can't fathom something has value on it's own without government approval it has no value.

Agree. Price will eventually go up, but decentralization is risked here depending on how the government will regulate it. But I guess it will be difficult even if they want to make Bitcoin as a "scarce asset", as people can just make a ton of wallet and then do P2P. It's better for them to accept it openly (either as money or commodity) and start taxing people when they buy/sell/use Bitcoin.

Btw, I don't care what those guys said (either Noubini or whatever). Their words are difficult to be taken seriously considering their past. I wonder how people still consider his opinion seriously after he called Bitcoin will crash numerous times but eventually, it reached new ATH, multiple times.

the $100 statement is simply bullshit along the lines of same FUD that they have been spreading about bitcoin. so don't pay attention to these types of statements that much. the fact is bitcoin is designed in a way to be censorship resistant and that means nothing can stop it. all they can do is to slow down the adoption but evidence in multiple countries that banned bitcoin (the ultimate negative regulation) shows they could not prevent people from buying bitcoin. so in case of bad regulations that are preventive the price may fall but it won't go near as low as $100! worst case scenario if US and Europe ,... banned bitcoin it would drop to $2000 and then continue to rise to probably even gain more value.

and that is not happening, we are seeing how every country is adopting bitcoin and how their regulations is actually leading to bitcoin price rise. take Japan for instance. their regulation led to one of the biggest bitcoin rallies of the past 10 years.

Both the possibilities were there, to me growth happens without any fail. Even if the price falls upon regulation same as that mentioned by Nobel winning economist, it'll recover. On the other side as trading platforms suggested it is a must for bitcoin to get adopted in the global scale. Now when we take a survey it'll clearly indicate a large percentage of common people standing away from cryptocurrency just because of fearing legal issues. If the same gets resolved automatically they'll contribute to bitcoin with their involvement. I believe regulation is much more beneficial than decline in growth.

For the whole encrypted money market, 2018 is undoubtedly a very difficult year. After the market reached its peak, the SEC repeatedly delayed ETF's decision, and a large number of project parties panicked to sell ETF... In the second half of 2018, it was almost negatively brushed. With the global economic downturn, Bitcoin ushered in its first 10-year birthday. Apart from Bitcoin, what other hot spots are worth noticing in 2019? These five hot spots may become an important factor affecting the market this year!

I. Bakkt and Bitcoin Futures

Physical delivery, through the contract function, can truly protect the security of Bitcoin spot storage; it will promote the popularity of Bitcoin as a payment method, which is conducive to the global circulation of Bitcoin; and promote the entry of institutional investors by providing safe and regulated custody services. Thus, Bakkt and its Bitcoin futures are paving the way for many institutions to enter the market, which will have a huge impact on the market and promote the maturity of the encrypted money market.

II. Lightning Network

According to the statistics of monitoring website 1ML.com, the number of accessible nodes in lightning network has reached 5019, up 16.83% from last week, while the number of trading channels has reached 17205, up 36.9% from last week. As a real-time, low-cost, scalable sub-chain system for bitcoin trading, lightning network is growing at an "alarming rate". At present, it still has the defect of "centralization" which is criticized by the outside world. However, the number of lightning network channels will continue to grow in 2019, and there will be more application scenarios of micro-payment.

3. Stabilized Currency

Overall, there are more than 50 stable currencies circulating in the market, and the most widely accepted and least volatile stable currencies are basically born in large companies with backgrounds, backed by relevant government audit institutions. For the existing stable currencies, most of them are still facing industry challenges, especially in transparent auditing, industry endorsement and other aspects, there are congenital technical barriers. In 2018, the stable currency began to rise. By 2019, the stable currency will experience elimination and integration. A new round of shuffling will be carried out. The stakeholders will be growing and the issuer's ability to solve technical problems will be enhanced. Therefore, the stable currency will still be able to survive and develop considerably.

IV. Regulatory system and norms

How to regulate encrypted currencies has always been a global problem. In 2018, different countries'attitudes can also be seen in the news. In response, the G20 has proposed a FATF standard, an international body to address global financial crime, with the aim of improving transparency in the regulation of digital money. The first set of rules on tightening monetary regulation will be issued in 2019. Undoubtedly, once FATF standards are issued, they will inevitably affect the global market pattern in 2019. Investors'rights and interests are guaranteed, and regulation will become an example to follow. This is also an extremely important step towards the maturity of encrypted currency.

Five, STO

STO can basically be linked and anchored to any form of investment and assets, including stocks or commodities. Now more than 20,000 STO issuers are queuing up to issue their own securitization certificates, which will create a trillion-scale market. Therefore, STO may replace 1CO in 2019, even if not completely, but the replacement ratio will be considerable.

It is often said that "last year's regrets will become the bedding of this year's surprises." In fact, there are still many hot spots to pay attention to in 2019. In addition to the above five points, there are ETF, DApp, anonymous currency and so on, which may become the key to turning the situation around.

Bitcoin is currently the most successful Crypto currency and it is regularly circumventing government control. <State surveillance and Capital controls.>

In many countries Bitcoin is not a legal currency and it is not legitimised by the state, but it still cross their borders and people are still trading bitcoins on the street.

Regulation will not stop Bitcoin crossing borders or being used on the Black markets and Dark markets or being shifted to countries where it is legal tender.  ;)

regulations, if you wash away the buzzwords is this in simplicity:
1. gives a business a shiny sherrifs badge to look professional and an authority of trust. while letting the business police its customers
2. it allows businesses to get away with certain civil crimes by letting them push the crime onto someone else
3. it does not allow a customer to police a business. even though the business is the one holding the funds/product/asset of the customer

regulating bitcoin does not help decentralised independent people. it just helps make businesses and custodians look professional while hindering users utility.

regulations should not be promoted. but instead at worse consumer protections should be promoted whereby allowing independent people to police the custodians/businesses that take funds of users.

I can understand people like Roubini whose economic views are strong. But their economic views are based on the economic structures of today and the past. His ideas for the future are just the guess.

Maybe he can get right. But we're all confident that Bitcoin and Cryptocurrencies are completely new formations. It is very difficult to make economic foresight. Remember the first discovery of the money ... It was difficult to follow up until the banks came out. But with the introduction of banks and legal records, economic life has become completely different.

Regulation of btc might help as many institutional investors would be interested in buying btc if there are concrete regulations.

Until then, price will continue to be manipulated by big whales and news.

you are just referring to bad sources and it is a normal thing to be confused after reading a huge amount of nonsense that has been circulating in the bitcoin related news sites which only care about creating some clickbaits so that they can earn more money as people read their crap regardless of what they are doing to the system itself!

the thing about bitcoin is that it is decentralized. and that is not just a buzzword that we use. it is a very important concept. and that essentially means that regulations are meaningless for something that is decentralized.
but a big part of bitcoin's usage is its usage by the companies, businesses and merchants and they can be regulated. so regulations are only affecting them. and they affect the adoption. so if they aren't regulated, the adoption will go on at a slower pace and if there is regulation and more merchants adopt bitcoin then the adoption will grow faster and with it the price will go faster.
this means that lack of regulations is not going to cause a price drop!

this is the banksters mentality trying to force it on others and trying to convince everyone that if things aren't controlled by them, then they should automatically fail.

but 10 years of bitcoin history and decentralization without regulation or government intervention has already proved that we do not need them or their regulations.

the thing is THEY have to adapt with bitcoin not the other way around. so their regulations should comply with bitcoin not bitcoin comply with their regulations.

I do not think crypto being regulated will make the price drop. When it is regulated. everyone will have clear understanding of how to use it and what can be used for and most importantly a lot of businesses will make use of it more especially those people that have interest but they are scared that since it is not regulated it is dangerous. I think reason why people doesnt want it to be regulated is that they do not want government to know the source of their investment

I think that regulation could benefit Bitcoin a lot. Some believe this would cause price drop, centralization, loss of users support but I don't think this is the case. Just the opposite, regulation could bring legal background and support to Bitcoin and more adoption, especialy by businesses.
Some say that Bitcoin was functioning even before regulation. That is true but in order to Bitcoin survive and make progress it should develope and grow further and I think regulation could help with that.

I believe that regulation is beneficial and one way to boost mass adoption. If we are against it then we can't achieve this milestone and the adoption that we dream of, before many people are scared using Bitcoin for it is used deep web transactions but now it is totally different people begin to realize and regulators craft organic laws to protect and gain investors confidence over Bitcoin and crypto investments.

The point that they want Bitcoin to regulate is a good one because they are now into it and they know that it has something that must be regulated or else they will regret it later, I see more of a positive side on this matter.

Who knows what will happen to Bitcoin after regulation, it depends to whatever extent each government would want to regulate it but one thing is for sure it will never go back to $100 because we all know most of the regulated things on this world are soaring high in terms of price.

bitcoin cannot be regulated. only the cryptocurrency indexation and advertisement can be regulated, plus the usage of fiat style token.

bitcoin is defined in its code.

its idiotic that people ask this question at all.

No matter the regulation, people will keep using it without restriction and there'll always be an illegal use in the dark web.
It's the same with fiat money with only difference that in order to use fiat in illegal activities and get away with it, most of the times you need to be rich.

What can hopefully get regulated is the price manipulation and the exchanges' responsibilities.

• If for example USDT is not regulated, then exchanges can "print" unlimited USDT and buy unlimited BTC.
• If the same person can buy both Futures and actual Bitcoins in unlimited amounts, there's no escaping the price manipulation.
• If exchanges can do whatever they want, putting coins in maintenance out of the blue and calling "oops, we got hacked, bye bye" it's hard for trust to be built

If those 3 points were to be improved, I can see more "classic" investors getting into Bitcoin.

By the way... the solutions to all those points are very simple, I've though of doable regulations for all these points.

Without regulation, Bitcoin will stay somewhere in the dark. Maybe just dark web... For ETF to actually to live, regulation of Bitcoin will be needed.

Regulation is much more appreciated for alt coins, specially new ones. I am waiting for the day when regulator will put the rules out for ICO's and actually confirm tokens as securities. As an investor in an ICO/STO, I would than have an actual legal security. This means no more scams!

the government does not provide regulations internally, of course it will not be possible, the government will provide regulations outside or around the use of bitcoin. such as the presence of KYC or something like that is a form of regulation that might be applied. it might have a positive and negative effect

The regulation for bitcoin has three meanings, which are prohibited, legalized, and regulated based on local trade in that country. All of that is to protect consumers from price manipulation, but if it says bitcoin must go down $ 100 then at least the central bank must buy a large amount of bitcoin and then sell at a low price. But not always does the central bank do that, because it will make things worse. The good intention is that the country wants to eliminate market manipulation.

The reason why bitcoin is still not widely adopted is because it is not legalized in many countries. People tend to avoid using things that are not legal.
Regulation doesn't mean that bitcoin will be centralized but it means that there will be certain rules and restrictions of using it.
This doesn't take away the decentralization concept of bitcoin but it adds certain limitations to it. Also, if regularized, bitcoin will them be legal.
This will then make people to adopt to it and then probably be used throughout the world hence increasing it's price.

If you live in a country with a government, you must follow their law and the law is usually comprehensive. You just can't avoid regulation. Your government will implement it.

Beneficial, yes. Because many see it as an improvement and proof to Bitcoin's legitimacy.

Bitcoin has no room for regulation which was the sole aimed of it existence as a decentralized entity. The mainstream of this technology which is Bitcoin was built different from other currencies, that's why its anonymization will reject REGULATION from the government no matter how hard they push. Regulation will be applicable to other cryptocurrencies outside Bitcoin because other currencies has their CEO unlike Bitcoin with a faceless CEO.

But regulation will bring in institutional investors and there will be high in demand which will course the price of Bitcoin to soar. Just my own opinion.

I believe that regulation can be beneficial, many people, for lack of information, somehow find it "illegal," and in the media BTC or other cryptocurrencies are generally seen only as a form of speculation or money laundering. Few see potential as an investment, and perhaps with regulation the investor feels protected and encouraged to enter in this market.

Depends on what and how bitcoin is going to be regulated. If it brings some strict regulations and imposes policies that favors only the government, then it won't be beneficial to the community. Instead, it will end up being a centralized currency. There will be no difference between other digital currency and bitcoin. Now we don't what that, do we?

Regulation can have both good and bad effects. On the one hand, it can attract new users, but on the other hand it can bring strict rules that will create inconvenience for cryptocurrency users.

I don't think so,there is no concrete rule like protecting investors with strict regulatory authorities. Investor confidence index is down since 2017 because of scam issues which mainly happen in ICOs. Regulation will not bring any advantage for crypto community.

For me, I would say it would. Regulation can do a lot of things, and although it can surely tighten or add some sort of processes and mainly red tape to transacting cryptocurrencies, it can also add a protection cushion for those who use it. Part and parcel of regulating something is to protect it. And so, in turn, it's users will also be protected against scams or entities that may want to actually take advantage of others as compared to its current state wherein once something bad happens to you, you can't really run to anyone to seek help. So, I think it would be good.

It attracts some and scares others away. I don't like KYC and used to run away from exchanges that demanded too much. Some want you to make a selfie holding your ID or some other ridiculous things like going to a video conference with them to prove that it's you. I have not been asked for such things when I opened a bank account and suddenly exchanges are starting to demand it.

It will be depending on how strict will be the regulations, the regulations could attract more adoption, and in some case it could make the investors feel more secure about investing in bitcoin, to be honest we don't need any interference from the government, but bitcoin popularity already so big, so in order to grow bigger we need the government permit, actually bitcoin will grow better without any regulation

whenever i hear the word regulation , the first thing that comes thru my mind is strict rules .  im sure that other's also feel the same .


yes i agree on this but many users dont also like regulation and that include's me  . i guess other's will switch on unregulated crypto's if ever btc could finally be regulated  .


given that bitcoin popularity is already big  ,then why would we still need a regulation?  bitcoin can still grow on its own without these help of governments .  it just need to take some adequate time .

regulation is one form of recognition of a country on the product or currency that enters the country, obviously this is a huge advantage because bitcoin has been recognized in countries that implement the education. about the provisions usually in each country is different, if the country has supported then there will be convenience that we can use to use bitcoin in every sale transaction, but if the country rejects bitcoin as a currency then we can still use bitcoin as an asset.

Yeah it depends on some aspects such as what rules the government makes, when there are limitations in usage, maybe it will be detrimental to investors and users. but for required data verification, some users may still approve it, as long as bitcoin is legalized and many merchants will accept it, so that bitcoin is easy to use, its not a problem

regulation cant be applied on bitcoin, how? can you explain me that detailed?

and why should anyone have an interest upkeeping a regulation on "bitcoin" upkeeping regulation has costs.

this forum is full of noobs that have no idea how the world works

Regulation will give limited space for bitcoin and become not profitable when bitcoin could growing up, when have regulation bitcoin always at the same price and investor could not take profit more than 100% at the next time.

give me one concrete example

how to regulate bitcoin?

you want policement to lie publicly to everyone that its regulated?

everyone with mind knows its not egalitarian. its a powergrapsh and grasp for consumption capacities by concrete group of technicians.

in a time where there are a lot of abundand offered goods, but now a lot of people want to do that. and now they protect bitcoin with a corrupt cryptocurrency index.

not all investors though.
if anything the 2018 dumps shattered the illusions that many newcomers had about ICOs and altcoins in general and made them open their eyes and treat them with more logic instead of more emotions. in other words the "fake confidence" went away and people became more logical or simply exited the altcoin market due to large losses.
you are correct regarding regulations though.

Regulation introduces limitations, and limitation is not something people in the crypto space will be comfortable with due to the fact that its goes against the nature of  a decentralized platform or ecosystem. The main purpose behind the development of Bitcoin was to bring financial freedom and not limitations. Regulating Bitcoin makes it a centralized system which will be no different from how the banking sector operates. Bitcoin regulation will not bring anything beneficial,but  it will just be a hindrance to the solutions Bitcoin present to the financial space.

In order for dealers to start using Bitcoin in large quantities, they need the appropriate regulatory acts adopted by the state on the procedure for its use and interrelationships with tax services and auditing. Without this, the state will simply crush these merchants with its sanctions. Therefore, without clear rules and instructions from government agencies, traders will be afraid to introduce Bitcoin in their calculations. Without state regulation, Bitcoin can only further develop in the private sector, but it will not be widely used by business structures. Regulation by the states, which will mean the establishment of the order and conditions for the circulation of cryptocurrency in society, we need.

Just as you said in your submission that bitcoin is a decentralized virtual currency .
The decentralized structure of the bitcoin to my understanding is w-at makes it bitcoin, remove the decentralized structure and bitcoin will be like any other fiat currency.
Regulatory authority over bitcoin is good , but that would mean that the structure will have to be changed to centralized before that can happen.

no single currency worldwide is as vulnerable to Bitcoin and crypto as the Liberty Empire of the United states.

as soon as the us central bank becomes bankrupt, Bitcoin will get new liquidity issues, as new national currencies will gain, like EURO, or russian rouble.

Yes , regulation will be beneficial as it will make Cryptocurrencies more stable which would enable the whole functions of money such as being a store of value etc.
Regulation will bring about price stabilization and this will make so many potential investors who were turned off from investing because of the volatile nature of Cryptocurrency.
Unfortunately, if this happens, then bitcoin will no longer be bitcoin as the purpose for it's creation have been defeated .

Bitcoin may not be profitable anymore but at least its more safer. Bitcoin created not for the purpose of making money beyond 100%, no one know that it can happen before until the hype begings. There’s a pros and cons on regulating bitcoin, and we cannot say what its all about, not until it happen this will depend on the situation.

Everyone evaluates this to be good or bad according to their own interests. In my view, how Bitcoin is accepted when it was created, it should be the same until the end. These changes will cause the price to be like the others, if we wanted it to be, noone would be busy with the crypto trade. In addition, this regulation will facilitate the interventions of governments at any time.

Although many cryptocurrency users are not in support of regulations but regulations can actually influence the upward movement of the market. Regulations means the governments will legalize the usage of cryptocurrencies. With this, people in all countries will freely utilize the service of cryptocurrency and as we know already, increase in demand will definitely increase the value of the market.

I believe it is very useful and beneficial! regulation is one way access for the government of many countries adopt the cryptocurrency and bitcoin.
They need to be regulated and many people will allow to use this. Government need to be assure that they will still get the needs and security of its people!

Clear and legal rules that will help bitcoin's future develop sustainably, it is important to help us better understand the legal and usage.

you are right the success currency is the currency that legal in a country (there are policy on that country that will makes bitcoin and cryptocurrency become legal). if it can be reached, i think the price of bitcoin can rise up and more stable than before

Regulation of cryptocurrency may be different. Any legalization of cryptocurrency also includes its partial regulation, since it determines the order and conditions of circulation of cryptocurrency on the territory of the state. Such regulation of cryptocurrency will be useful for it, because it will allow it to develop and enter our life faster. We only need to beware of such regulation, which would change the principles of the existence of a decentralized cryptocurrency.

In my opinion regulation is needed everywhere, otherwise, there will always be types of abuses. Look at personal data for example, that have been sold during those years by everyone, starting from social media and affiliates, leaving so many doors opens to scammers to abuse uneducated weak audience.
Bitcoin has all it takes to be the official money of the internet.

Some of us can survive without regulation as we can "defend" yourself against frauds and malware. But what about the rest of the world? I think that more then regulation, we need education starting from elementary schools talking about the risks online, teaching the evolution of the Internet and educating the future generation of this digital world.

Bitcoin is probably only one sector that needs to be regulated to increase awareness and drive higher volumes. I believe as a result of it, the market cap will benefit.

I think crypto regulation is inevitable. Correctly you wrote that it will be necessary for global acceptance. There's nothing wrong with regulation. I think we'll check it out soon.

It is difficult to say what impact regulation can have for crypto. The main thing is not to overdo it. But I think it will help the cryptocurrency to scale more. Also, regulation will inspire confidence among investors and may cause a new flow of funds to the market.

In reality when governments make regulations on bitcoin, it's because to gain more control on it, not actually om bitcoin but how much user does exchanges have, where goes money and so on. In any way, if it's really beneficial or not, doesn't matter because it will happen anyway. At first there were no regulations because it had few users, news around bitcoin and crypto weren't loud and important.
To directly answer your question, for us regulation isn't good, because bitcoin is meant for protecting privacy and to be decentralized.

a big impact on the addition of active users and investors together with agreements that were immediately understood as yellow lights. But what happened next was a lot of irrefutable rules. But how much debate arises that there is no denying that regulation must exist to make greater speculation. The market will respond in their own way.

The only positive thing that can come with regulation is that we could have strict regulations on how to run the exchanges and the scams we see now can be eradicated as well as in my opinion we need a strict regulation on ICO as it was the major area in which majority of the scams takes place and the companies that collects these huge amount should produce their work progress after accumulating the amounts rather than social media hype and words.
Regulation can bring in institutional investors in the market which will rally the market upwards rather than going down.

Agree, I think regulation must be done, like it or not. bitcoin will continue to grow and spread, regulation will make bitcoin go up one level to a higher class, bitcoin will look official and more trusted, of course there will be pros and cons, that's a natural thing. but of course every regulation and rule can be changed accordingly with the agreement of each party..

I think you have read it dude, regulations are given only to centralized products, while decentralized technology, regulation will not be able to be applied as a whole, even if you do not follow the rules and regulations, you can still use bitcoin? what I mean is that regulation can be done outside of the bitcoin system itself

In theory yes, practically we shall see. Regulation will bring nore institutional investors and this should be beneficial for btc's price.

Some people already claiming this might spark a bull run. The desperation is real. But many big companies have already adopted blockchain and are heavily invested in the technology, and prices have continued to plunge.

For me in talking of Bitcoin alone then of course it will harm the market as legitimacy of the crypto users will be checked well making the illegal people to stay away from Bitcoin. These illegal people are using Bitcoin to hide their dirty money in which it will help to make the Bitcoin price to soar high but in talking of government then of course it will just making its people safe which is also considered  beneficial.

well jes but thats not regulating bitcoin thats regulating cryptos and ICOs

i have no problem with that, if its not going to be abused by billionaires to establish perfectionistic standards i cant pay for.

i still didnt got a single example how you want to regulate "bitcoin"

regards

I think I am not in favor of that. But, its acceptance is also close to the impossibility of such volatile prices.


I think we can call it "limitation". If governments make a decision for exchanges and if they use the limit for BTC exchange in this decision?

This is a bit scary to read. How will they even regulate Bitcoin?
 I thought Bitcoin was created to bypass the middlemen and such regulations? Well, what can I say.
All i know Is  that government regulation will render Bitcoin  useless. It will automaticay become another fiat currency

Bitcoin need space where could be free how ever bitcoin price, when bitcoin really at lower and dump we don't take regulation for bitcoin never be at lower price, we have keep bitcoin always free how ever price, when higher we can start selling but when bitcoin down we can re investing and buy back, its the way how to make bitcoin can be free without have regulation from any one or government.

The fact is they can't they just will ask for tax and don't worry what these currencies were using for,already fiat is controlled by government but still all the crimes were happening with the payment of those currencies so there is no regulation needed to make the nation crime free,they just have to make good good plan for ruling their country.

We do not know the true impact of what will happen if indeed there is a regulation on bitcoin. It will not be beneficial but I think that will have a negative impact on the use of Bitcoin which can be limited and can also have an impact on its value.

In my opinion, the regulation would help Bitcoin grow even further. Yes, it is a decentralized currency but that doesn't guarantee anything even if it is being used by many. Regulations would really help investors and users alike to clear some of their fears when using Bitcoin

Bitcoin is still one of the most popular digital currencies in the world. maybe now the regulation can provide the benefits of bitcoin as long as the regulation really facilitates bitcoin and other cryptocurrency. so I think this is a good step for bitcoin.

Bitcoin is the most popular crypto currency in the world and no other crypto currency will ever surpass it. Bitcoin and I think other crypto currencies are legal in our country but I think only us, a small number of people are using it since we are a third world country. No one really uses it since only a few people know it and capable of using it.

If Bitcoin had to go under regulations in order to be formalized and accepted by countries and there low I think it can be considered as important because one of the main reason why bitcoin haven't expanded and accepted by governments is because Bitcoin is considered as a uncontrollable asset which makes many politicians afraid to legalize it so Going under regulations to make it acceptable is certainly a good thing

That's the reason why many aren't much interested to be regulated and it have less support from the community. But we can't deny also that it could help to minimize fake projects and a way to be trusted by many investors. I know there is a huge change in prices once regulated and may taxes will strictly imposed but there is no need to worry for that cause it only give us benefits in return.

Is there even any possibility that it could get regulated by any countries? Bitcoin can always be used in the underground world and can be used in the mainstream world. And if we are going to talk about whether it is going to be beneficial to bitcoin, I don't think that something is going to be guaranteed. But I think bitcoin is still going to be volatile.

Regulation maybe can be beneficial in bitcoin or cryprtocurrency. But we don't know if later the regulation can make limit of crypto users or not.
As long the users of crypto can using their coins with fully function, then it will be good. The regulation doesn't always bad, sometimes it give advantages to the users.

Well of course there would be compromise if ever crypto will be regulated. But for me, regulation adds security to users and it leads to confidence in investors. Yes anonymity is good, but security can easily be compromised by hackers and scammers who by the way, are getting better as the years go by.

Regulation can create demand for bitcoins. By making them a means of paying taxes or closing major financial transactions, it provides legitimacy to the currency. That naturally diffuses knowledge, familiarity and demand for bitcoins across a wider swathe of people, breeding acceptance. This is essential. This increased demand in turn can help manage the volatile swings that typify bitcoin today. The currency’s volatility may be loved by speculators looking to claw profits, but businesses still file tax returns and accounts in dollars, euros and other mainstream currencies.

Making regulations might Bitcoin stay and work within a frame work and also it might makes some limitations for its users but any way regulations are essential for Bitcoin in order for it to be formalized and accepted by countries as a currency and one of the main reason why bitcoin haven't expanded and accepted by governments is because Bitcoin is considered as a uncontrollable asset which makes many politicians afraid to legalize it so Going under regulations to make it acceptable is certainly a good thing

limiting the amount of Bitcoin exchanges or quantities of Bitcoin used in exchanges,

well thats utterly useless

because the exchanges are in the internet, and are difficult to controll, so there is nothing that can be done about that.

and it would be an insignificant regulation, since it is still not benefiting labourers or companies, or social structures development.

-> another proof you bitcoiners are all just talking nonsense and have no idea about the deeper consequences of what you are talking about.

you know how regulation works:

it works with fear, the banks are regulated they have to do a swearing that they try to achieve certain goals, and have to calculate anytime with the police prosecuting them, thats how a state regulation works, how to apply something like that on bitcoin?

I do not think that regulation will give impetus to the growth of Bitcoin, the same is not compatible things, after regulation there will be no such price jumps.

it is not possible to regulate bitcoin.

In recent times, I have actually been able to read many articles which emphasize the benefits that regulation could bring to the crypto sphere. As attractive as that proposition sounds due to the sanity it will introduce into the crypto ecosystem, the thought of it has the potential to defeat the whole reasoning behind blockchain technology in general. The technology was built to be decentralized in every sense of the word and that leaves no space for regulation.

As much as I like the concept behind blockchain technology, I really hate to admit that a degree of regulation might be the only factor that truly brings about widespread adoption of cryptocurrencies.

It is possible, but cent percent regulation is unachievable. Regulation of bitcoin helps in the growth of bitcoin, even if it doesn't help in growth it won't lead to destruction. Because, the market has lot of users who are fearful about bitcoin as it is termed illegal in several countries. Such people will get into bitcoin without fear and explore more about it. This will widen the community and in such a way regulation will surely beneficial to bitcoin.

Bitcoin is thriving hard and one of its major features that has endeared users to it is it's decentralisation meaning that it's not under any regulations.
Although regulations has its benefits but bitcoin would collapses if any agency has a hold of it

Regulation of cryptos will end up ensuring their growth and widespread use at the end of the day. They will naturally loose its niche and become a more mainstream thing, with everyone being able and wanting to use them. Now, will that change the way that cryptos are used, who knows. Some believe this would cause price drop, centralization, loss of users support but I don't think this is the case, quite the opposite really, regulation could bring legal background and support to Bitcoin and more adoption, especially by businesses.

In my opinion regulation of bitcoin is necessary. What I understand when I say regulation is that Countries officilay recognize Bitcoin as virtual currency, that people in this world can buy bitcoin from every shop, from every Supermarket, and when they buy this Bitcoin (to buy what they want on the internet) they have to be certain that the value of the Bitcoin will appreciate as the Supermarkets prices appreciate.

 I am Romanian, 8 years ago I was buying with 50 Lei (approximately 16 Dollars in 2010) 10 - 14 kilograms of food from the Supermarket, today I am buying 4 - 6 kilograms of food from that supermarket and I am paying 160-180 Lei (approximatley 40 dollars). Thus today I am paying the Supermarket food with approximately 6x the price that it had 8 years ago.

People that pay with bitcoin have to be certain that when buying Bitcoin their Bitcoin will have the same (new and improved) buying capability in the next 20-60 years to come.

This is why Regulation is beneficial to Bitcoin.  

    

I tend to agree with you that if bitcoin will become regulated, the regulation will add more legality to bitcoin and more people will be freer to adopt bitcoin for their transactions and this will include institutions and other corporate bodies. But regulation will definitely run counter the concept and intention of the originators of bitcoin which they believe will address the unfair system in the financial world.

My thought is that bitcoin needs to be regulated! Regulations will bring the confidence of institutional investors on bitcoin and cryptocurrencies in general.  The scamming activities will be reduced if bitcoin is regulated and monitor by the governments.

Bitcoin is about DECENTRALIZATION. Without decentralization and regulation there is no value in it. But it was precisely by his anarchism that he conquered popularity.

Likewise,  it give us more confidence in putting our money into investing crypto since we knew that we are now protected by the government and we have claims if they would try to fraud us or even scam us.
Regulation will give safe for all crypto holder's but we don't know if our taxes will be fair for us.

In my opinion the regulations issued by a country are very influential on the development of bitcoin in the country. Because if the country issues a bitcoin regulation prohibited from being used in that country, it is certain that bitcoin will slowly die.
However, if the state states that bitcoin is free to use in that country, then bitcoin users will quickly develop and become a large financial industry because they carry out transactions without fear.

For me it is good to be legalize bitcoin but for sure it is next to impossible as this way availability of bitcoin will under controlled and people will have to pay high taxes and also they will have to use bitcoin only in limit,  so I think government will not provide legalization officially, they only can allow the use of bitcoin openly in common stores otherwise I think bitcoin is an independent currency.

It is extremely unlikely putting regulations over bitcoin and it will influence the bitcoin cost yet it will rather bring more speculator into crypto space.
There is apportion of financial specialist who is need to come and speculator into crypto space yet right now they dont know the eventual fate of bitcoin ETF. At the point when bitcoin is managed by all mean ICO will likewise get control board which will direct ICO against trick Project.
So Regulating bitcoin will make the crypto advertise progressively alluring to speculator.

I to this am ambiguous.Yes,on the one hand, regulation will attract a lot of money, but at the same time will scare away those who earn on the races of the course.In addition, I would not want the authorities of my country to know about the number of coins in my wallet.Personally, I'm against regulation.

The regulations are important in order to protect the bitcoin users from hackers and scammers. The regulations can benefit the bitcoin because it can help to increase its popularity.  For example, in my country the bitcoin is now legalized and there are now many regulations implemented by our government; people in my country are now interested to buy cryptocurrencies because they know that they are now safe in using cryptocurrencies.

Regulation is good in term of making the community less prone to scams and schemes. There will also be control with the coming of different kind of coin. The only  problem with this is that, the regulator might have personal interest and may cause complicated system with crypto. The only thing that should not be move in the system is the full control of the users over their funds and no one should intervene and take interest on it.

Regulations have enormous benefits for the direction of the development of cryptocurrencies is much better.
Regulations can make significant changes because it can help develop Bitcoin much safer and more secure.

yes, if the regulation really supports the development of bitcoin, or cryptocurrency, of course it will make a big profit. I think that will make a lot of people change their mind about bitcoin. the regulation also says that the government has recognized bitcoin.

- But do you think when bitcoin is under control from government regulations, we will be hard to relax and make money when stability is always the general rule of government, they will stop the pumps, we will not be able to operate in a positive way like now, the market is too stable that will not allow us to make a profit. In addition, we can see issues that bitcoin and crypto can create, the government will certainly have very strict regulations, and facing such tough regulations, many others may soon abandon this market because they are looking for financial freedom, not bound by government

We can't assure of its security cause it is eventually our individual responsibility as a holder of our coins.
It actually give us trust to invest in here cause we think that we are protected by the government and surely give assurance that they will save us away from illegal activities which causing more losses due to scam and frauds.

I think so, I hope many users support this, this is the first step for crypto exploration. in fact people are reluctant to use crypto if the government prohibits it? the government has a big influence. so regulation is very useful and needed for bitcoin

I believe so. For a currency to become widespread, lots of people need to accept it. Regulation can create demand for bitcoins. By making them a means of paying taxes or closing major financial transactions, it provides legitimacy to the currency. That naturally propagates knowledge, familiarity and demand for Bitcoins across a wider range of people, breeding acceptance. Some say that legitimacy is what Bitcoin really needs.
As more people embrace and adopt Bitcoin and governments worldwide accept it, the marketplace gains more liquidity, naturally decreasing Bitcoin’s volatility
Done intelligently, regulation can solve key problems that bitcoin is now facing in its efforts to become a proper currency.

It is very beneficial because the country that provides the rules gives a sense of comfort to the people of the country and also we do not violate the rules in the country because there are clear regulations about bitcoin

Governments acknowledgment is an absolute necessity through controls if btc requirements to develop later on with legitimate reception rate with presumed associations in light of the fact that no organization is eager to go out on a limb and join bitcoin with there center procedures
if governments won't sanction and formalize bitcoin use in there nations inside a lawful casing work with reasonable directions and that is the thing that numerous advanced money lovers wish to occur later on so they can proceed with bitcoin and different digital forms of money.

Regulation not yet have benefit for bitcoin, just giving bitcoin limited and hard to get higher price, always give bitcoin space for price is on higher or lower, when price of bitcoin lower we can buy but when higher we can sell.

I strongly believe in regulation of bitcoin but i do not have the enthusiasm for it, because in as much as regulation will increase the scalability of bitcoin and the confidence of investors we should also be careful not to compromise one of the major reason why crypto is popular which is the desire for people to take charge of their life away from the decentralized government system. please read this https://www.trudex.io/cryptocurrency-regulation-pros-cons/

Yes I think so, so that it will become legalize, coz some countries do not accept it in fact they banned it, but then its regulation must be beneficial for all and must be agreed opn otherwise it will not be called regulation and also there must be some guidelines to it before it implement.

So far I agree on this one since regulations are too harsh for the market now, and it cause panic to people. But still hoping for a more good regulations that is really in favor to cryptomarket and to those investors. More country will regulate this one soon, let’s see who has the better regulations.

in crypto, we can expect from governments that is guidelines imposing strict regulations may not be possible what japan government is doing the same thing every government should follow

I think that the Government and the General Bank do not want to be left behind with regard to Blockchain, because every day the technology is echoing in every corner of the world.

Nor can we say that everything is fine, because this technology is decentralized in nature, and these organizations do not want to lose power in any way, control can not have it here, and that is something very positive, the idea of ​​cryptos is that "Everyone you are welcome to the Crypto World "where there should not be any kind of control by Third Parties, where you have the right to manage your money without action or the hands of the governments or banks that demand the origin of your funds, and if they come from crypts, they do not accept and they have the power to block you.

The idea of ​​all this is that we manage our money as we want, without anyone limiting it. For these reasons, I do not think it's beneficial.

Regulations needs to be made in a way that gives mutual growth to the cryptocurrency users as well as the government that has provided with the legal support. As of now very few countries have legalized bitcoin as well other digital currencies, hope the market will pump high when more and more countries legalize the use of bitcoin and other cryptocurrencies.

At this point I think what is needed to move to the next phase is regulation. Everyone is careful of investing or participation and some people are even banned from participation because of this regulation issues. Only if cryptocurrencies want to see massive adoption and usage, then it needs to be regulated starting with bitcoin . To an extent it will reduce the volatility rate of cryptocurrencies.

Regulation is a corridor where something can be done or not done. So this rule will make activities run according to what the government wants.
For bitcoin regulation will be able to increase the number of users because there is a sense of security that bitcoin transactions are legal, or ownership of bitcoin is not prohibited. For countries that have banned bitcoin so far, regulation can be a way out, because the government's role in protecting its citizens from the loss of using bitcoin can be done.

Bitcoin has survived every tribulation since its inception and has brought great profit to its investors without the help of any regulation. This means that Bitcoin does not need regulation to make its service provision any unique. Bitcoin possesses the intrinsic factors which are capable of supporting its survival and betterment on the market.

I think regulation really be beneficial to bitcoin because when regulation come the use of bitcoin will be more function and many merchant and companies are going to accept bitcoin so the investors will have many option to deal on different bitcoin business. But on the other hand regulation has a negative effect in bitcoin investors. It is the tax and higher transaction charges.

it all depends on the regulations issued. when the regulation is burdensome to bitcoin, it could be that it is not useful for bitcoin, and it is the thing that drives bitcoin to become a dump. but, when the regulation does support bitcoin, of course it will be very profitable.

Regulation is not that bad. Bitcoin regulations makes it more less volatile. There were some people saying that this kind of activity when SEC wanted to regulate BTC, they refer this as a bad idea on bitcoin's growth. But, it is not bad, it will help bitcoins growth and more investors will come to market with this.

Seems like lots of name mentioned above to be an experts but the question are is this reliable? Do we really need to listen and be stressful on their speculation? My answer is not as they are talking only regarding to what they think will happen but nothing in assurance. For me bitcoin will conquer all of these negativity as long as we believe and trust this cryptosystem, from that we will achieved the top in no longer time

Regulations alone will not impact the long term price of bitcoin, but we will see more investment from the financial fund houses and it might increase the price, we need strict regulations when it comes to collecting funds and running of exchanges, but that does not mean that it will affect the market altogether, it just restrict the scammers to scam easily like they did in the past, with every security feature we are loosing our privacy and there is nothing that can be done.

Being regulated will gives a chance bitcoin to spread widely in all countries, and of course, it will make people open their eyes to see that bitcoin giving a chance to them to join and try to make money. But so far, we need to be patient to see that thing will happen and we don't have any idea when the government will make a regulation for bitcoin especially in every country.

You are right regulation will bring lots of benefits for Bitcoin. It will help bitcoin to spread in whole world. So we should wait for get regulation in all country.   

Actually not only for Bitcoin alone but for the entire market and as well us for crypto holders and investors. By this way, it will look more secured and could be more reliable investment which to see that government have their participation into this. Because of this, it will encourage investors to give their trust back again in crypto and putting it some more capital to start up. 

Cryptocurrency regulations will be beneficial to all parties in the cryptocurrency dealings such that users are no longer anonymous. KYC is needed in most crypto dealings. Scammers can easily be apprehended and will sanitize the crypto space in terms of scamming and other dubious acts.

I believe that regulation is necessary for bitcoin and for cryptocurrencies, especially if we want a massive adoption as a means of payment and the implementation of technology ... but the regulation should be permissive and adoptive, not restrictive because it does not benefit us (as China and other countries)

The moment sovereign treasuries begin to buy Bitcoin as reserve currency is the moment BTC explodes in value again.

BTC will gain widespread acceptance when governments recognize it as currency.

Central banks know this and that's why they don't want it to happen.

There will be advantages and disadvantages of course. First hand, with regulations, danger of using bitcoin in the black market will be mitigated, danger of money laundering through the use of bitcoin will also be avoided, trust of people to the matter will be increased as will as security but for others, too much of these and that are very unlikable. It will be a hassle for them to abide by those regulations so those who don't want it will not go into it.

Money laundering is already existed before crypto and so  we can expect it to be still happening in this new form of currency.
The good thing of being regulated, is we are building a trust and confidence with the investors whereas we could think that we safe enough in here casue we are already protected by the government. Only it happens that many individuals will taking advantage of being in anonymous and doing illegal activities.

If the regulations are like the others, they will be unnecessary. For example, the limits will be set for everyone, and any major decision will be announced thereafter. What is the point, if there is not enough buy order to pump the price?

Regulating Bitcoin will never be beneficiary to the Bitcoin ecosystem. It will rather present the opportunity for specific governing body to regulate the amount of Bitcoin in total circulation and also restrict people from sending huge amount of funds in Bitcoin. There will be an amount of Bitcoin people either sell or buy.

I agree, though money laundering might be one of the many reasons, but It wasnt the primary one.
Cryptocurrency like Bitcoin is a threat to the current banking system, and It is ironic to think that the banks has more laundered money than the whole cryptocurrency market cap.

In my view the regulated usage of bitcoin will surely get more users to get into the usage of bitcoin. Now the use of bitcoin in comparison to the traditional fiat all over the world is very very small. When we talk about bitcoin as a mainstream source we are need to achieve the userbase. To this regulation is a must, because even now people have don't have a right understanding as well thinks negatively. Just a legal support from governments for people to use it needs to be issued..

I dont believe that banks has laundered a money . how come they can laundered if they are already regulated ? Cryptos are the ones that are prone to money laundering , that is why kyc is invented to protect us . bitcoin regulation really is beneficial to the user and to the owner of the exchange/wallet  . kyc or regulation also have other useful feature such as filtering the abusers  .

I agree with you mate. Here in my country all local cryptocurrency exchanges are regulated by the central bank and we are now comfortable dealing with cryptocurrency investments or even use it for payment as our funds are secured from those exchanges that has plan to run away. Regulation can really be beneficial to Bitcoin and one of the good results that will happen is that adoption rate might rise.

This depends on the type of regulation that the government will impose in the future. If they implement strict rules and regulations including a reflection on the tax, this might stray the attention of investors and eventually following on its price in the market.

If they implement a feature wherein they support the growth and development of cryptocurrencies including a creation of job opportunities or an implementation of laws that is not prejudicial to its creation, then expect its price to increase.


This depends but the outcome will most likely be like this. Regulation from the government has its benefits but it may cause damage to investors. The problem would stem from its limited supply if they attempt to regulate it like gold.

Regulation will build some limits for Bitcoin. So that, it might not reach a certain maximum and fall under some minimum. Trading may become not so profitable, although, less risky.

I think regulation needed how to make our assets is safe and keep could holding for long time without worry our bitcoin and altcoin stole by other, but regulation for bitcoin price is not important.

Yes it is.
Although a small number of countries have restricted or banned Bitcoin, most countries allow Bitcoin to be used, while a patchwork of regulations having been put in place in different. The decentralized nature of Bitcoin makes it very difficult to enforce restrictions on Bitcoin, even in those countries that have banned it. Below, we have a look at the approach of a number of different jurisdictions.

Bitcoin itself cannot be regulated, but companies dealing in bitcoin can be - the latter will be critical for mass adoption. Regulation will bring necessary protections for consumers and investors.

As in the above quote regulations will bring necessary support to the consumers and the investors. When regulated we can see more common people getting into the blockchain technology backed bitcoin usage. Same like this it has got flaws, when regulated it will begin to function as a centralized asset which will ruin its value and growth.

Nice explanation, bitcoin is decentralized, it's just a currency having a value so we can determine how much we send or received.
The company that will be regulated are those who convert our bitcoin into fiat, as there could be a tax for that matter, depending on how the tax law in a certain countries. Regulation is not hard to understand, once the government decides to regulate crypto, they will send us guidelines to comply with.

We've through this since last year but the process will take so long and until now still in pending. Perhaps, some of us will get worried also if it become regulated cause possible we have to pay taxes as mandated by the government at it could lessen our profits. But for me, it never give to me a big deal as long as we are secured and not being abuse by the authorities.

Banks not laundered money? What world do you live in?  :D

https://euobserver.com/justice/144524
https://euobserver.com/justice/143456

Of course cryptocurrency is very prone to money laundering, I didnt mentioned it wasnt. Even the banks as you said were regulated, yet there are still undeclared transactions of large amount of money. You know why? Because criminals are making it look like its just a normal transactions without being detected.
I dont blame you if you dont believe in money laundering with the banks, because we all have our own opinion and views. And yes KYC verification is benificial to everyone in cryptospace, of course if you want to propose a regulation or law it would always be beneficial to everyone on the first look. What we want to point out here is the MAIN idea behind the purpose of regulating Bitcoin.

tbh, I think that guy just made this post to gain activity and points for his BTCT account :D

You are right though, the MAIN idea behind the purpose of regulating Bitcoin is in my opinion; Only old system trying to control the market like they do with everything else. Ppl in crypto community who advocate regulations mostly wnats so because they think that this will increase price of Bitcoin, which is totally opposite of what Bitcoin was created for. Bitcoin was created as a P2P currency for the people and not for banks or authorities to regulate and control it

absolutely!
government is not a threat.
it is the only way to adopt crypto and make it as popular as fiat.
if we still believe that governments are threats then we will not move from this point in crypto adoption

It sounds obvious to me that Joseph Stiglitz, Nouriel Roubini and Kenneth Rogoff seem to equate "regulations" to "restrictions" which may not be the case if things are done right. I am not a fan of regulations but I do believe some sort of government regulations especially as regard bitcoin being used as an investment vehicle (derivatives) could benefit bitcoin price and adoption. 

As bitcoin is unregulated most governments and big financial institutions don't take it seriously and don't want to adopt it in their financial systems. If it is properly regulated then the governments all around the globe would be encouraged to adopt it in their financial systems and it would also help mass adoption of bitcoin all over the world.

how we get benefits if bitcoin become regulated? I think of it is only a favor for the government bitcoin become regulated to get taxes and control like fiat money.
Bitcoin in my own view can growth without government regulation all we had to do is support bitcoin to introduce to the government how people in every community can give help to get decent profits to become legalized bitcoin in every country.

I also think like you, if bitcoin will be regulate then it is government currency and government will control it, now bitcoin is its own crypto currency then we have a chance to make money from it, it is our benefit, and when government will involve in it,
then how could we get benefit from it?
Mostly people think that if government regulate it then bitcoin will be secure, So its meant now bitcoin is not secure?

Very good point! Thats mostly what people failed to realize that the idea of regulating Bitcoin completely contradicts the idea of how Bitcoin was created. There must be no central authority to control Bitcoin, it must be decentralized. But, the government had pointed out a solid ground to put a regulation in Bitcoin, and thats something we couldnt do anything about lol. Neverthless, youre absolutely correct with your thoughts regarding this issue.

That's correct, regulations are often misunderstood and most of the people think that regulation does not bring goodness to the crypto industry. Imagine a world without any kind of regulation and everything is unregulated it will bring huge chaos in the society. In my personal opinion, we need some kind of regulation in the crypto industry to prevent frauds and scammers to spread all over, a regulation that will regulate those people that plans to start any fundraising whether it is an ICO, IEO, or STO. 8)

yes you are right, the existence of regulations will encourage mass adoption. but unfortunately the government is still considering it. they are too afraid to make regulations because they fear bitcoin threatens state finances.

If bitcoin will be put to regulation, it will somehow become stable in its value. Chances are if bitcoin is stable, it could be used as a currency and thus can be used to store your money similar to a bank. The possibility of bitcoin increasing in value is big as time goes by. But it is also true that bitcoin value could go down for sometime because those investors who waits for the rise and fall of the coin could be limited in numbers due to less returns as bitcoin values will become stable.  But as many people would be using it, it will again go up slowly and continuously until maybe for the next all time high.

absolutely, regulation is the only way to adopt btc and crypto in general.
regulation means more confidence of ordinary people in anything.

That's true, regulation from exterior and interior factors are beneficial not only for the flow of Bitcoins but also to maintain the wellness and equilibrium of rights in this community, with regulations we can expect systematic flow of trades and transactions, without regulation people will tend to over power their freedom here in crypto world, like what happened last 2017, there is no strict regulations yet when fake bounty campaigns are pursuing people with their kind words, which them to create scams projects and people are complaining about it and regulation such as KYC is invented, just like in gaming we often put our money into a win-win situation and sometimes it is hard for us to trust crypto casino which tend them to make regulations about their platform, and that's what I usually do whenever I play into an bitcoin casino which is  Vegas casino (https://vegascasino.io/casino/video-slots/crazy-bananas?utm_source=cccb) in which they perform fair regulation for me and playing variety of games that I love with proper moderation as well as enjoying their great deal of welcoming reward just for doing my deposit into it.

I think more positive things will come right, maybe for some decentralized and anonymous currency lovers, they will be disappointed
with that, but for other users, it's not a problem because it helps spread the bitcoin itself, and make more users to come

State regulation of cryptocurrency circulation within each state is very important for the further development of cryptocurrency. Without government regulation, the infrastructure for using cryptocurrency as a means of payment will not develop. Only when the state establishes the legal status of a cryptocurrency and determines the order and conditions of its circulation in society, and state authorities receive appropriate instructions in relation to the cryptocurrency, only then the whole system will work and the cryptocurrency openly be able to walk in society as a means of payment. Without legalization of cryptocurrency by states, it will continue to be mainly used as an investment tool, and without widespread use of cryptocurrency as a means of payment, its role will decline over time.

Well bitcoin as a digital currency has succeeded itself in terms of its purpose and use. But the point is that the users are doubt about the system and wants the system to have an approv from the government and an advise that the system is good. Just like other companies that accomplish first the requirements needed to operate the business. This for short called a s license.

So if this system would have a license to operate from the authorities then there is no way that users will going to be afraid in using the system. The adaptation will be highlight and to which bitcoin will be use in accordance to its purpose

I believe that regulation of crypto currency will strengthen the as oppose the view of those notable names you mentioned above. This is because, so many people are yet  to get into crypto currency mainly because it is not regulated by the government and as soon as such is done many people will start adopting Bitcoin and crypto currency in general.

The regulations will be important for bitcoin because with the governments make regulations of bitcoin, people will see the legitimate of bitcoin so they don't think the negative only, but they will think about the positive of bitcoin. So after they realize the benefits of bitcoin by learning on many sources, then they will accept bitcoin and will use bitcoin for making a transaction besides of transaction with fiat.

I also do think there is the need for government regulations in the crypto space in general, an unregulated environment is often filled with chaos and unpleasant news, once there are any form of government regulations in crypto, it will attract many by standers who are looking to be a part of this space but too afraid because of it's vulnerability, regulations will help to reduce the level of fake and scam projects we currently have around.

Agreeing that without the rules in crypto and bitcoin, this market is really risky and chaotic, especially we can face fraudulent projects but in return, we will have many opportunities to make a profit when no one closely controls this market. But if the government appears with regulations, the risk will be reduced, the projects will be more reputable but the market will start to stabilize under the administration of the government, we will no longer see giant pumps and dumps, all of which will only stop at a low level of stability and vibration

I don't believe that regulation will be beneficial to it. I am from a third world country that is regulating Bitcoin. For other people, it will be a good thing and I know they will be usually using Bitcoin but in reality, not that many are using Bitcoin in our country. A lot of people don't even know what crypto currencies is. So I think regulating is not that beneficial.

no in my opinion the regulation will not benefit bitcoin at all, btc was born as an anonymous alternative to fiat...

Bitcoin regulation is most important because of unregulated bitcoin many countries and mercent  do not want to accept as legal currency if the regulation be happen most of the countries accept bitcoin the its price will be growing day by day. so because of regulation people who hold bitcoin will be beneficial.

If the government gets involved in Bitcoin trading, then it can have both positive and negative impact. On the negative side, the crypto users may lose their anonymity, as the government agencies will make KYC mandatory. Also, the tax rules will be strictly implemented, and this can dig a deep hole in to the pockets of many of the users.

I can't say that bitcoin is fully regulated in my country but recently tax office issued guidance how to pay taxes on the profit from crypto trade.
After that already one company, business start up, started business with crypto, basically exchange between crypto and fiat so that people can pay different services with crypto but sellers receive money in fiat.
So, it seems that any kind of regulation is good for us :)

if the regulation suport bitcoin i think it will, but if there are the regulation that makes the bitcoin can't make somthing new i think it will not give the benefit for bitcoin, and bitcoiners. we all hope here that regulation about bitcoin in the future will makes big changes

Not all users will do kyc right? how does the government ensure that bitcoin users are the people of their country?
in my opinion, whatever the clause is from the government, legalization will still be useful for all of us

I am sure that the regulations issued by a country's central bank against bitcoin will have a big impact, because with the regulation it means that bitcoin users are legally protected.
Another impact is the increase in bitcoin users because of the calmness in conducting trade transactions so that there is no doubt that bitcoin is getting wider and the price will be even higher.

A regulation will have a positive impact on the development of digital currencies. regulation is very necessary because with the regulation there will be a public trust and this will be a good start for the future increase in the price of the digital currency.

in my opinion, with the rules, bitcoin will be more developed and successful and can prevent the use of bitcoin for criminal acts such as money laundering and drug purchases. regulated by the government is the process of bitcoin transactions rather than going up and down in value or the amount of bitcoin circulating. so that bitcoin remains decentralized but has rules for the use and bitcoin investors to be more secure and comfortable.

This is the idea of regulation. Regulation wanted bitcoin to be regulated and as far as regulation is concern, it will help bitcoin to not be connected to money laundering and other bad acts. And by regulation, this will help bitcoin to have a massive adoption in the future. Since, it is not linked on bad acts.

i think with the regulation for cryptocurrency it might make bitcoin or cryptocurrency easier to legalize in the area, so if it has been legalized then people
will know about bitcoin and may also be interested in buying it so bitcoin will be more popular

It will change the view of the people about bitcoin, at the early stage, they think bitcoin is an dirty online money, it's not a usual money and it's use for money laundering or illegal activities online. Things will change once regulation step up, because this means that the government recognizes crypto and they regulate it to punish abusers and protect real users.

When you say regulations there is a.point I will always want to be clear with, because bitcoin as a decentralized currency if and when regulated two thing may happen to it. Is either the government will have control on how it activities are run within they jurisdiction or the government will be at the central of it operations, but to say bitcoin will lose it decentralized nature to the government that is not possible. And if bitcoin is regulated that will only result into one thing for the market that is legitimacy the people will have confidence in bitcoin.

It's hard to tell in advance which country will regulate Bitcoin in some specifuc way. But I think most of countries would make positive regulation that would give Bitcoin legal framework and some limitations, of course, but will not ban it or put it on the nargins of financial world so I think that regulation could really benefit the Bitcoin.

I think regulation of bitcoin would be beneficial in the struggle for mass adoption.
Regulating it means making it stable to serve efficiently as a medium of exchange for goods and services.
But in the other way round, it won't be beneficial to investors because regulation takes away the power of volatility .
It is the volatility that makes it attractive for investment purposes.

Yes regulation of bitcoin can be beneficial for mass adoption ....this is because I would be more stable and so people will start accepting it as a payment medium for purchasing goods.
But I do not think that same would be said of investors..... because a stable bitcoin can not give profit.

I think so too. When that happens, it'll probably start a snowball effect of adoption since people will have increased confidence in a regulated system. Even with all the positive effects of a decentralized, anonymous currency like bitcoin, people will feel more secured if they think they have somewhere to run to in case things go wrong and that regulations are implemented to prevent that from happening.

Some of them think that with some regulations it will be control by government but I have no idea how they can manage the blockchain. But with some regulations, may be its price will be slowly become stable. You can see past records and compare it when bitcoin is not regulated yet, and you can see how their exchange dropping and spiking without any pattern. For now, it has a better pattern so people can trade it with a better profit

I would say yes. Regulation would definitely improve the security of our money against fraud and scam since the government would acknowledge crypto related complaints. It means wide acceptance of the government. Holders would enjoy more facilities and businesses that accept cryptocurrency. I just hope that the government wouldn't abuse holders with ridiculous taxes. 

..yeah that's right..if government will be involve in the crypto world,,then no one is excempted in paying tax..all people earning in crypto should mandatory pay their taxes,,but the questions is,how much will be the calculation of crypto tax that will be implemented??

- Of course, the regulation will improve a lot of problems in the bitcoin world and crypto because the government is the one who wants to manage things well and provide safety for people, and want to encourage people to participate in something, ensuring a good environment is something that they cannot lack. However, because these criteria, they will probably maintain the price of bitcoin at a stable level because they always know that bitcoin fluctuations, it can greatly affect and create chaos, and that will not be safe for users, they need to limit and prevent it

Yes, absolutely. In my country I know about a lot of people who wouldn't touch bitcoin because it is unregulated and is illegal to transact in fiat to buy/sell crypto. This is a barrier to a lot of people who don't want harrassment or do rounds of court just for putting in some money into bitcoin. If it was regulated, I am sure that barrier to entry will no longer be there and we would have lesser number of scams, like fiat does.

It's sad that this community seems to favor regulation. If I'm Joe baby boomer, I don't want to do KYC, I'll just use my visa card, thank you very much. A lot of millennials will feel the same way, but a percentage will be okay with it.

Why did I learn about bitcoin? To get around how the US and other governments have pressured Visa and Mastercard not to process gaming site transactions. If bitcoin were regulated in a similar way, it would be useless to me except as a greater fool theory investment. I'm not saying btc is only useful for gambling (in fact I recommend you just hold onto them rather than risk them) but many uses are to get around current regulations. If my btc is taxed, I need an Id record everytime I spend it, I would just use US dollars when I travel, why go through the hassle?

Bitcoin could be worth in the low trillions (market cap) without any regulations. We don't need or want the government involved. The Gold bugs weren't a bunch of idiots in the mid 2000s, their theory was sound. What they failed to realize is that the government regulates the gold market and they were simply not going to allow Gold to go to the moon to compete with the dollar and euro. I felt we were headed for a crash once Wall Street got involved and my gut instinct was correct. So if you want more red tape, post lots of messages whining about market suppression of BTC by fake derivative instrument sales and other actions, then sure, cheer on the regulations.

Honestly if goverment have a thought to regulate cryptocurrency then cryptocurrency will gone from its character, especially in anynomous character. Indeed, regulations from some countries will give a lot of effect in order to all people knows bitcoin and they will use it without any cares. But for the thing of scam/fraud, government has nothing to do with it, still has a lot of way for the scammer to try another ways to slip up subtly and swindey everyone with seductions that hasn't yet comes.

The only way I see regulation being of any benefit is if #1 BTC transactions could somehow become reversible. Someone gets hacked and they can prove it, the funds can be tracked down and returned. Personally I don't think it is needed, after getting hacked once I learned my lesson, and although it isn't impossible it could happen again, I've spread my funds through several wallets with strong security.

#2 Would be if BTC becomes a reserve currency. The USD or Euro or both crash, there's a big conference, and world powers decide they are going with bitcoin. I think this is quite far fetched. While I believe the Ripple people are practically cult like dreamers, they do have a better case were something like this to happen.

Otherwise, regulations just make USD/Euros more attractive for travelling and Visa cards are much easier for everyday transactions. You don't have to pay a premium to buy BTC and you actually get cashback. And if someone steals your identity there's a good chance you'll get your funds back.

People here are SORELY underestimating how the relative privacy and lack of regulations has made bitcoin into a giant.

The reason I wouldn't go all in on bitcoin now is because I see two risk #1 overregulation causing the masses to either lose or never adopt interest in it. #2 Would be another coin with superiority technology, marketing and is more plugged in with the system taking over. As I've said in a previous post I think if btc dies anytime in the next ten years, crypto dies with it, so I think number 1 is our biggest risk.

If anyone on here has any power in governments, please discourage governments from getting involved, except perhaps to shut down bogus cloud miners and other obvious scams like bitconnect.

Regulation will increase bitcoin security from criminals because there is legal protection for bitcoin owners based on regulations issued by a country. Actors of bitcoin crime can be charged by law.
The plus side is that more and more are using bitcoin because they are no longer afraid of being considered illegal. Bitcoin transactions will be available evenly throughout the world so people treat bitcoin as a currency in general.

I think if Bitcoin on the regulation and set out in a statutory Government then society will increasingly believe and will make them dare to become investors Bitcoin, because if one day happen to their investment fund fraud then they (community) would be able to sue the Government.

I think its needed. Especially now that its growing and there are reports of crimes and spams. Basically its somehow directly affect the usual flow that it had. But as this business grows, regulations need to be implemented to regulate its flow.

there are many pros and cons of this action. Regulation can surely rectify many huge problems such as security issues, theft control and exchanging coins for illegal goods in the tor network. but on the other hand, our privacy will be compromised and bitcoin will be in control of government, and something which was made against government can be said that if government tries to take over it still they won't have the complete control over the network as because the blockchain is controlled by the miners and the price is controlled by whales and other traders.

Regulation can be beneficial to bitcoin because it will help bitcoin to get more people into its cryptocurrency space because people will trust bitcoin more because they know that it is regulated and they will no longer believe to the people who are keep on saying that bitcoin is a scam and it is not a good investment.

I think regulation would be extremely beneficial for bitcoin as it will be much more accepted in public and for uses around the globe. Regulation would make bitcoin a recognized currency for the mass to use.

Regulation can be good for Bitcoin and the whole cryptocurrency industry as regulation can mean that Bitcoin will be integrated into the financial ecosystem and not anymore considered to be illegal. In this case, regulation can be opening up a bigger market for Bitcoin. This is fact what we should be wishing and working for. I am sure that those in the government are open to the many ideas and suggestions by those in this industry so they can come up with acceptable terms and conditions.

well done, good! That's right, regulation is the determinant of Bitcoin games here. Without the regulation of Bitcoin it will only be like this, it will not develop, many people will ignore and do not want to know about bitcoin if the regulation does not accompany it. This is the same thing as a business entity which without permission and regulations from the government will be categorized as illegal. And no one wants to deal with illegal business.

dont worry about bitcoin regulation,

bitcoin cant be regulated, neither to damage it and nor to spread/upvalue it.

everyone claming something else is just a liar, or agenda driven gimmick be it a pro bitcoin agenda troll or anti bitcoin agenda troll.

bitcoin is neutral except when it comes to mining. there the POW nature/regulation of bitcoin is visible.

I do not think that regulation will make the price of Bitcoin cheaper, even if it goes down not because of more regulation to the market that is waiting for a reaction to what will happen after the regulation is set. I see a decline in Bitcoin prices due to large investors taking advantage of the newly issued regulations to make the market panic until finally prices down.

It depend on the kind of regulation a government would want to impose in their country. If the government chooses to have a restrictive regulation, its people can't able buy or trade bitcoin without the approval of its central bank. But if a regulation is designed to protect the people from any scams, money laundering, drug trafficking and other illegal activities, it will be beneficial to bitcoin and other cryptocurrencies that under it. A group of wealthy nations has already planning to create a worldwide regulation for bitcoin and I believe that a lot of people will be benefitted from this once it is fully implemented.

Cryptocurrencies don’t need regulations by the government because it will kill the main concept of decentralization. They appeared and were developed without any help or assistance from governments. In other word, all achievements of Bitcoin and other Cryptos are possible on itself not thanks to regulations and authorities.
I hope to not see much regulation through governments. By regulation I'm referring to turning Cryptocurrency into a new stock market where government forces certain rules to be followed, and tracks and taxes profits and so on. The hard reality of this world is that you have obligation towards power.

Regulation is what will bring in the traditional stock market investors.  They are still scared to enter this market but once more regulation is brought in they will start putting their money in.

I agree with that. It is true that most of the stock investors are afraid of bitcoin because they think that they will just lose their money if they will start investing to it because of the volatility and other matters but if the regulation will start to be implemented in bitcoin then they will surely change their mind and they will try to ride the wave of bitcoin by investing their money into it.