[2017-12-10] Bitcoin Makes its Grand Entrance onto the Mainstream Stage

[Jgilpulg]

Many predict that this historic event will increase the number of participants and capital in the cryptocurrency market. For example, financial institutions and their vast amounts of dollars can now start trading Bitcoin.

https://bitcoinist.com/bitcoin-makes-grand-entrance-onto-mainstream-stage/

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[Jree247]

Will be interesting to see how governments across the world respond to the rise of (unregulated) Bitcoin. 

[Argoo]

Will be interesting to see how governments across the world respond to the rise of (unregulated) Bitcoin. 

If bitkoyn will grow unregulated in its value, and then also sharply fall in price, and this movement will be repeated, governments of different countries will be forced to restrict bitokoy in circulation in order to protect their economies from unbalancing. Therefore, in order to grow and develop as a financial instrument integrated into the economy of most countries, we need to ensure that bitkoyn grows smoothly and its volatility is not so great.

[Jree247]

Will be interesting to see how governments across the world respond to the rise of (unregulated) Bitcoin. 

If bitkoyn will grow unregulated in its value, and then also sharply fall in price, and this movement will be repeated, governments of different countries will be forced to restrict bitokoy in circulation in order to protect their economies from unbalancing. Therefore, in order to grow and develop as a financial instrument integrated into the economy of most countries, we need to ensure that bitkoyn grows smoothly and its volatility is not so great.

Is it really possible for governments to regulate Bitcoin?

[Carlton Banks]

Will be interesting to see how governments across the world respond to the rise of (unregulated) Bitcoin.  

If bitkoyn will grow unregulated in its value, and then also sharply fall in price, and this movement will be repeated, governments of different countries will be forced to restrict bitokoy in circulation in order to protect their economies from unbalancing. Therefore, in order to grow and develop as a financial instrument integrated into the economy of most countries, we need to ensure that bitkoyn grows smoothly and its volatility is not so great.

Money is a economic good, like anything else. Economic goods are traded on markets.

Controlling markets isn't capitalism. If you're in favour of communism, where markets and economics are all controlled, Bitcoin is not for you.

Talking about governments controlling Bitcoin or any other cryptographic currency is futile, they were designed to be resistant to interference. Capital is the strongest force that can be employed in the Bitcoin market, not government stealing or violence. That's what makes Bitcoin so valuable, and also so controversial.

[digodk]

Money is a economic good, like anything else. Economic good are traded on markets.

Controlling markets isn't capitalism. If you're in favour of communism, where markets and economics are all controlled, Bitcoin is not for you.

While I do agree that trying to control bitcoin isn't good (if not futile) and also not capitalism in its purest concept, I understand that communism in its purest concept also does not rely in a central government, rather being decentralized and run by the people.
I think that government systems that are run by a big, fat, central institution that dictates every aspect of people's lives are rather an unhealthy form of socialism.

Not related to the topic, but it's an interesting discussion.

[Harlot]

I think it has done it way before it was priced 15,000$ or more. Bitcoin has been into the mainstream stage ever since it got above the 3,000$ ever since then major CEO of companies like JP Morgan are commenting about its growth and how it is a bubble, even the infamous Jordan Belfort have something to say bad about Bitcoin. The growth right now simply pushed its awareness to more people and made them think if they can still ride and get a huge profit out of it, right now the only thing I see that are road blocks for its growth is the government's intervention and also its volatility.

[1Referee]

right now the only thing I see that are road blocks for its growth is the government's intervention and also its volatility.

Governments can't do much other than to regulate the market in a way they feel comfortable with, maintain some sort of control, have people pay their due taxes, etc. If everything points in that direction, the government won't form an obstacle at all. You have to look at it from the perspective that Bitcoin as being the new kid on the block, needs to accept the fact that the government won't sit back and let it take over everything. I am perfectly fine with regulations as long as they are fair and allow Bitcoin to grow further, and currently, this is exactly the case. If governments wanted to stop Bitcoin, or at least 'minimize' it, they should have gone all in with their efforts years ago - it's too late now.

[Lieldoryn]

Will be interesting to see how governments across the world respond to the rise of (unregulated) Bitcoin. 

Probably nothing interesting in this reaction is not. You can rest assured that the government will deal with bitcoin. I don't believe in allegations that the government will agree ever to legalize bitcoin. I think that will increase control over the exchange of bitcoin for Fiat, and will attempt to tax such transactions the highest taxes.