Global Regulations and wits impact on Price action

[alexclaye]

With regulations being implemented by all  the major economies around the world what kind of impact due you belive it will cause on Bitcoin price in 2018.

[ganlianshifu1]

I think the price of BTC will continue to rise in 2018.

First, the cost of mining BTC is getting higher, and BTC is getting less and less!

2018 is the breakout year of the development of the block chain. Many ICO need BTC to pay the crowd-funding!

Many countries pay taxes on BTC, and it is legal to recognize BTC.

If no big country declares BTC, BTC may be able to

[wxa7115]

With regulations being implemented by all  the major economies around the world what kind of impact due you belive it will cause on Bitcoin price in 2018.

It is difficult to know the overall impact of regulations since its effect can be both positive and negative, it can have negative effects by limiting adoption and by discouraging investments due to the new regulations, however it could have the opposite effect as well, with a set of laws in place institutional investors may feel safer since now they know exactly what to expect from governments and also by knowing that a ban is not going to happen so we may see more people investing in cryptocurrencies and adopting it, so like always we will have to wait and see.

[Hydrogen]

It took more than 10 years for the US federal government to pass obamacare or make a legislative attempt to reform healthcare in the USA. Hopefully political elements will be stalled by budgeting issues and political infighting to make progress on crypto regulation. Already we see the media publishing negative things about bitcoin and crypto to justify their negative slant. That could be an indication that any regulation that is introduced won't be fair, but rather will follow the same negative and unfair bias.

Regulation isn't likely to offer many benefits to crypto and could be one reason for the fall from $16k down to $6k early in 2018. Regulation is also an important topic which should have much discussion and debate from both sides. However sadly it seems most would prefer to stay in their echo chambers and never test their preconceptions or views.

[squatz1]

I mean yeah, but there really hasn't been much regulation on the global scale at all. Bitcoin isn't at the moment where it's going to be enough of an issue to bankers, governments, etc to the point where they're going to regulate it out of existence. We haven't hit that point yet but we will know when we do, because once we do we're going to be pummeled by regulation from every sort of entity ever. I assure you that governments will reign hell on all of us when/if we take control of some of their power in their currency.

Hasn't come yet.