WILL BITCOIN BE REGULATED ON THE LONG RUN?

[KWP]

The rate at which bitcoin is surging high is alarming, each day there is a thousand increase.Am not sure if bitcoin has any regulation.If anything can make it take a step back a little, it will most likely be a fundamental analysis. Although i started crypto late but i dont think its too late to reap benefit from it.

what are your thought about the bitcoin on the long run?

[btcton]

I am not sure what kind of regulation you are talking about. There isn't really any way to regulate Bitcoin itself. If you are talking about regulating companies that accept and transact in Bitcoin, then yes, there are and there will certainly be more regulations in place. The U.S. government, for example, seems to already be regulating exchanges that handle Bitcoin just as if it were real money. Two examples that come to mind are Coinbase and Bittrex, both exchanges that I have used before. Coinbase allows for dollar-cypto exchanges and as such, they were forced to hand over information to the government and follow KYC regulations. This isn't really shocking considering that holding dollars is no different than being a customer's bank. What was surprising, however, was that Bittrex was forced to do the same even though they do not enable customers to deposit or withdraw, or even exchange to and from fiat. The fact that they are now required to follow KYC regulations means that the government sees the value of Bitcoin; perhaps not as a currency but as an asset, but valuable regardless. So to answer your question, yes, Bitcoin regulation is and will continue existing.

[Yakamoto]

The rate at which bitcoin is surging high is alarming, each day there is a thousand increase.Am not sure if bitcoin has any regulation.If anything can make it take a step back a little, it will most likely be a fundamental analysis. Although i started crypto late but i dont think its too late to reap benefit from it.

what are your thought about the bitcoin on the long run?

I'd put money down on governments starting to fan out and trying to go after those who are earning large sums from Bitcoin very soon, there is no way that they're going to ignore the sheer amount of money that's going into and out of Bitcoin, the IRS and similar institutions around the world will be starting to take a look into some of the people that aren't necessarily paying their taxes, and that's probably going to result in some relatively intensive regulations for exchanges and online wallets, but not necessarily anything for Bitcoin itself beyond receiving tax classifications.

[stripykitteh]

The rate at which bitcoin is surging high is alarming, each day there is a thousand increase.Am not sure if bitcoin has any regulation.If anything can make it take a step back a little, it will most likely be a fundamental analysis. Although i started crypto late but i dont think its too late to reap benefit from it.

what are your thought about the bitcoin on the long run?

It is not possible for anyone to regulate Bitcoin when there is a large amount of people using the coin.

[bitart]

The rate at which bitcoin is surging high is alarming, each day there is a thousand increase.Am not sure if bitcoin has any regulation.If anything can make it take a step back a little, it will most likely be a fundamental analysis. Although i started crypto late but i dont think its too late to reap benefit from it.

what are your thought about the bitcoin on the long run?

It is not possible for anyone to regulate Bitcoin when there is a large amount of people using the coin.

There's no need to regulate Bitcoin itself or the blockchain system itself. It's enough now to regulate the end points of the bitcoin ecosystem where the bitcoins are exhanged into fiat money (e.g. exhanges, merchants, bitcoin payment processors, bitcoin debit card issuers etc...) For now, you can hardly use your bitcoins when you don't want to get fiat involved in the transaction. Of course, you can buy some things, usually online stuff or some kind of electronic devices (PCs, phones, etc...) but you can't use your bitcoins at the groceries shops. So if you want to use your bitcoins for everyday stuff, you will fall for the regulation sooner or later. On the long run, there's a chance that people will use bitcoin for everyday intrapersonal transactions, and in that case regulations will not necessarily apply.

[bitbunnny]

With such high price more and more people are interested in Bitcoin each day. This fact are also aware governments and central national banks so they probably have the attitude that Bitcoin should be regulated as soon possible. And regulation doesn't necessary mean pure centralization and control, this can also bring some benefits to Bitcoin.
Somehow I think that Bitcoin system isn't ready for mass adoption yet and something should be done soon. If regulations can help with that I'm not sure either but community should make some moves soon.

[fiulpro]

Its somehow is already being regulated by the government government , the banks, some big whales and companies like CME thus a long term regulation is for sure possible if done from behind the doors.
As far as legal Regulation is considered It cannot be regulated at all because its DECENTRALIZED!
One cannot move forward and deny the very first foundation of bitcoins.

[beskid]

If bitcoin is attempted to adjust, even at the end points of consumption, then it will go into the shadows and will be used for shadow operations. So, very low bitcoin will not fall. Moreover, it has guaranteed support of 7000 dollars to date.

[Anonylz]

There is no way that it can happen, and tell me, why are you so worried about it?

I am always seeing tons of this kind of topics everyday, and they all are saying almost the same "is bitcoin going to be regulated or taxable?"

The answer is yes, but only in a few countries, the most important ones, like China, the US, Russia, and so on.

But in the 3rd countries bitcoin doesnt need to be regulated, because no one is able to afford to buy a bitcoin in there

(In most 3rd countries a bitcoin is worth more than 20 wages)

[Mike Mayor]

I think that you would only pay tax if you went from bitcoin to fiat. Because money would be in your bank account so you would need to pay capital gains tax. Capital gains as far as I can understand is less then a monthly wage/jobs tax which is about 22%-40% (depends how much you earn and where you live) capital gains is about 21% or something. That's as far as I can understand.

I don't know he they will deal with you guys a Ferrari with your Bitcoins directly. Perhaps you would pay tax on the cost of the car no matter where the money comes from?

[Jahreer]

yes, some govermens will ban BTC at all (like Nepal & Indonesia and so on).
other countries will regulate all the BTC-related financial services and companies (most of them)
but some of them will probably act as crypto-tax-havens, neutralising the efforts of first two  

[mabell943]

Yes the company and management of bitcoin can regulate this business activity in a long run. Since they execute excellent performance in the public they receive lots of awards and achievement that increases their popularity; through this there is no such thing that they cannot achieve.

[LodisMcguire]

If government jump in to bitcoin business,then it will be regulated
They will not miss the opportunity to make an income from it
And if they can't get the support,then they will ban it