Cryptocurrencies are too young to let them go to free without any regulation. Over time, the need for this will be less, but now it is necessary
But I think the need for this will be more. Because more money and more people come to this market, more scam will be appeared. |
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Regulations have its own pros and cons. Regulations can be good to the crypto industry in the sense that it will win the acceptance of the governments and lead to the announcement of the legitimacy of cryptocurrency and as such increase the adoption of cryptocurrency.
On the other hand, regulations can lead to the destruction of the decentralized nature of cryptocurrency. With this, governments will have absolute control over the transactions involved in cryptocurrency.
In my opinion regulations must be done only for exchanges owners and those who are running ICOs. It shouldn't be applied to ordinary people. Otherwise, the main purpose of cryptocurrencies is ignored. |
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The government can track BTC owners through KYC because at KYC we are asked to state your identity and photos clearly, besides that through government exchanges can also track BTC owners.
But people can make peer to peer transactions easily. In this way, identities won't be disclosed. The owners of wallets are always unknown. Even if you withdraw your coins from an exchange to your personal wallet, it doesn't mean you are the owner of that wallet. You might pay to another person. |
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I think every year is repeated. And at the end of 2018 with new volumes will jump even higher than in 2017.
No. We cannot be confident about that. The price rose to about 1000 dollar in late 2013. Then it dropped to about 200 dollar. That price rise didin't repeat in 2014. 2015 and 2016 were also same as 2014. |
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Just wondering guys, you were all so confident we were in a strong bull market and would break 10k easily, looks like the opposite is becoming a reality and we're heading straight back to new lows.
When the price is rising, people think it is supposed to always rise. When the price is falling, they think it is supposed to always fall. |
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Good news, bitcoin transaction cost now is lower than we expected. This good news comes with a bad news. Dropping of transaction cost is caused by bitcoin itself, its value now is 6k so it means lower transaction cost now. Not like last december its price is so high.
The reason is not just bitcoin price fall. In December the trade volume was much higher than today and the network was so busy. |
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Bitcoin dominance has increased, But what has happened to bitcoin itself? Has the price risen? No, So bitcoin is also being threatened.
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All of them love bitcoin. They just create FUD to buy at lower prices. Now they want prices to be lower for some reasons.
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I also think the community has a big affect on bitcoin. But governments cannot be ignored. If we want bitcoin to be used in our daily life for our buys and sells, we need governments to accept it.
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I wondered about the hypocrisy among crypto investors. What at all does traders need from ETF regulations and endorsement for? Isn't cryptocurrency suppose to be a decentralized, if so , then why do we need a centralized authority decision to make things work for us.
And ETF doesn't change anything about the decentralization of the underlying asset. It's just another way for people to interact with it at an economic level. But ETF can bring many new investors into the marker. Also, the trade volume will rise. |
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you need the right regulation, but it should not be in the usual way to be implemented by banks, it should be a new mechanism, transparent and decentralized as a crypto currency, then it will help people, but if banks take possession of the power over crypto-currencies it will be utopian.
Bitcoin will be always independent from banks. Banks cannot control it. They might create a new cryptocurrency which is controlled by them. But that's not cryptocurrency. |
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Currently bitcoin marketcap reaches almost 50% of 1800 tokens and coins registered in coinmarketcap, this is certainly a strong indication that bitcoin does not have competitor coins so it dominates.
Yes, Bitcoin dominance is 50% now. This rate usually decreases when the prices is rising. This rate was 33% when bitcoin price was 19000. After the prices start to rise, everything is possible. |
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Crypto market is just another market as forex or stock market.
So people(mostly traders) control the market by buying and selling power.
But also ,as any other market there are whales in the market who have higher power than others.
There is a big difference with Forex and stock market. That's decentralization. |
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I do not think that the world is ready for crypto currency, because I see how the whole market is falling at the slightest bad news, too weak investors
The current price fall does not matter when we are talking about the use of bitcoin for buys and sells. Bitcoin price is volatile and it is not supposed to always fall. After it is accepted by all the countries, the price will be finally more stable. |
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Of course, we need to regulate digital money because we want the digital currency market to develop and grow, but we can't expect it to grow without trust. So, when digital money is regulated, people will trust it more, they will feel protected and safely join the digital community
Yes, regulations will bring many new investors. But if they are very strict, it will cause many people leave the market too. Till no, every news about regulations has caused prices to fall. But generally, I agree that we need regulations. |
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FLUCTUATIONS FLUCTUATIONS AND FLUCTUATIONS people why you all are not able to understand that these are the part of this market and what we need to do is that do not be panic and have to be patient regarding this situation in addition keep in your mind that now we all have to go with the flow.Moreover people say hold or sell so believe me guys the time will come when bitcoin market value shout-up again,do not loss hopes and stop asking others hold,sell or buy.Do what you find fit according to your own mind and market situation.
Yes, people should be patient and do not panic. But there many wise people earn more than hodlers. Good traders earn money at any time. No difference prices are rising or falling. |
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I would also choose bitcoin investment over bank statement as I don't want my money to just stick with its current value right now, I want it to earn, and in bank investment they would just give you minimal interest with your money not even at least 1%.
Like you I choose to invest in bitcoin than bank investment, cause my investment in bitcoin it will be grow in high profit than bank investment. Bank investment your investment here it will not gain high profit like in bitcoin cause the interest of bank investment is too small. But no body has signed a contract to give you that profit. You should also consider the risks. Many people invested in bitcoin to get rich easily. But they left the market after losing their money. |
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Bitcoin price was less than a dollar a day. At the beginning of 2017 the price was about 1000 dollar? Who did expect the price to reach 20000 dollar?
After the price reached 20000 dollar, there were many people waiting for 100000 dollar. What happened? The price dropped to 6000 dollar. Now the price is 7000 dollar.
So everything is possible. 100 dollar, 10000 dollar and 100000 dollar all are possible.
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Unlike many people, I believe regulations are good for Bitcoin and crypto. I understand it'll bring more stability and trust. The value, most probably, will go down and it'll cease to be that lucrative, but it's okay. You can't have both, so you'll have to choose between the profitability and stability.
I personally worry about the price fall whenever I hear a news about regulations. But that's for short term. Regulation is not that bad. I think, after regulations we will also see new jobs in cryptocurrecies world. |
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The fall of the price of bitcoin doesn't mean bitcoin is crashing. Bitcoin is a digital currency, which was developed to bring decentralization into transaction of goods and services.
Yes, that's right. Bitcoin can work even the price decreases to zero and you can make transactions. But people and also miners won't be interested in bitcoin and it will lose its supporters. |
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