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Author Topic: Will bitcoin Die because of global Regulations?  (Read 3993 times)
ronypro
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January 16, 2018, 03:09:52 PM
 #1

Frist China want to ban all the foreign exchanges in their country.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/

then France Creates Working Group for Cryptocurrency Regulation
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013

then German Central Bank Director: Crypto Regulations Must Be International
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international

Also India already setup a board for crypto regulation.

What is happening all over the world?Something whats soul purpose is to be decentralized will eventually be centralized?

How much do you think a global regulation on crypto will affect the overall market in this year?

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January 16, 2018, 03:35:55 PM
 #2

Frist China want to ban all the foreign exchanges in their country.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/

then France Creates Working Group for Cryptocurrency Regulation
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013

then German Central Bank Director: Crypto Regulations Must Be International
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international

Also India already setup a board for crypto regulation.

What is happening all over the world?Something whats soul purpose is to be decentralized will eventually be centralized?

How much do you think a global regulation on crypto will affect the overall market in this year?


See something which has a market of more than 750B USD market capitalization is deemed to have involved a lot of people from the market. You can't say that govt. can leave such a huge popular thing unregulated. Regulations will come. Only if btc will be able to curb its way out from such norms then only it will be said as a global currency or environment but yes it will have a negative effect for once.
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January 16, 2018, 04:33:28 PM
 #3

I don't think global regulation of bitcoin will kill the bitcoin, it will rather strengthen and more reliable, global regulation of bitcoin, is what the world is waiting for, to make the bitcoin a hot currency, and universal acceptable.
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January 16, 2018, 04:45:46 PM
 #4

Hi,

I don't think this will lead to the death of crypto-currencies... but indeed it is worrying.
It is also quite logical because many governments are aware that bitcoin (and other crypto) can be a threat to the centralized control banks currently have.

Here, the list you are giving simply shows that now they are aware they must act. Internet and technical tools are evolving faster than most regulations. So they are lagging behind, they understand it may be a problem, so they try to react.

Eventually, if transactions from fiat currency to bitcoin (and other crypto) are simply banned... Well indeed, it will become quite hard to use it. However, quite luckily this will take time. So it is up to us to anticipate this and react consequently! Smiley

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January 16, 2018, 04:48:17 PM
 #5

A gloomy day with crypto market, red overflowing bulletin board.
I think this is a difficult time for investors because the law is changing day by day. But for those who want to hoard this is a good opportunity to buy.

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January 16, 2018, 04:58:04 PM
 #6

Frist China want to ban all the foreign exchanges in their country.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/

then France Creates Working Group for Cryptocurrency Regulation
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013

then German Central Bank Director: Crypto Regulations Must Be International
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international

Also India already setup a board for crypto regulation.

What is happening all over the world?Something whats soul purpose is to be decentralized will eventually be centralized?

How much do you think a global regulation on crypto will affect the overall market in this year?


See something which has a market of more than 750B USD market capitalization is deemed to have involved a lot of people from the market. You can't say that govt. can leave such a huge popular thing unregulated. Regulations will come. Only if btc will be able to curb its way out from such norms then only it will be said as a global currency or environment but yes it will have a negative effect for once.

Yes,Its obvious.At this moment I think that bitcoin doesn't create a great threat for Central banks(Another issue is in the case of commercial banks),But they think that this will be dangerous and they want to create regulations as in fiat currency are, But in my opinion this will be nonsense.at the same time Commercial banks trying to earn more and more cryptocurrency (for example in my country)
@And about global regulations,At the current stage there is no joint approach about virtual currency,despite the fact 3% of Goverments  are trying to create very strict,Local regulations to ''avoid'' risks.

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January 16, 2018, 04:59:56 PM
 #7

I don't think it will die. We are talking about global P2P networks. Governments can make as much regulations as they want but they do not have the means to enforce those rules and regulations without investing into a huge "global coin surveillance network" or seriously interfering with basic human rights. The only thing what they can regulate is cashing out for fiat.

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January 16, 2018, 05:07:21 PM
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I don't think global regulation of bitcoin will kill the bitcoin, it will rather strengthen and more reliable, global regulation of bitcoin, is what the world is waiting for, to make the bitcoin a hot currency, and universal acceptable.
Absolutely.Regulation is totally different from banning.Regulation is good for bitcoin's progress.If bitcoin gets regulated,more investors would invest in bitcoin as they would be totally out of fear of bitcoin getting banned by the governments.

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January 16, 2018, 05:08:19 PM
 #9

It can decrease the Crypto-Currencies power on short time period, but can't defeat it totally. Bitcoin is always adapting itself to the moment circumstances, and following this Bitcoin's pattern, all the others AltCoins do the same. And it's usually very hard to say why a dumping is happening, if there is a legit reason behind it, of if it's just traders acting on purpose, to play with currencies prices and make extra profit by these fluctuations caused by them, so probably the dump isn't leading the currency to die, it's not interesting for anyone.

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January 16, 2018, 05:23:16 PM
 #10

The regulation of bitcoin by different states can not harm it, if such regulation is not excessive, that is, it will not be directed at its prohibition. Bitcoin in any case, sooner or later, should have undergone government regulation, because the state can not pretend that it does not notice the walking on its territory of an expensive digital currency. Such regulation is both in Japan for the benefit of both people, and most bitcoin, and the economy of the country.

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January 16, 2018, 05:49:16 PM
 #11

regulation is a good thing, so many scams now
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January 16, 2018, 06:03:48 PM
 #12

All sorts of regulation of bitcoin by those countries is to try and protect their economies, of course bitcoin as a decentralized digital currency can hamper such countries monetary policies and tax evasion, whatever steps taken against bitcoin by those countries will only have little effect or impact on bitcoin due the huge capitalization of bitcoin.



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January 16, 2018, 06:53:21 PM
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I think the bitcoin will not lose or die just because of the global regulation. in fact the bitcoin needed the global regulation on what I read .Why is digital currency so appealing to miscreants? Cryptocurrencies are a recent phenomenon and – as with all new technology – it takes time for regulators to catch up. Bitcoin was the first to gain an international reputation as a digital currency that could be used to settle transactions after it was anonymously created in early 2009.
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January 16, 2018, 06:57:27 PM
 #14

Frist China want to ban all the foreign exchanges in their country.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/

then France Creates Working Group for Cryptocurrency Regulation
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013

then German Central Bank Director: Crypto Regulations Must Be International
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international

Also India already setup a board for crypto regulation.

What is happening all over the world?Something whats soul purpose is to be decentralized will eventually be centralized?

How much do you think a global regulation on crypto will affect the overall market in this year?


Maybe bitcoin price will hardly fall if it was controlled by the countries already we can see that there is very hard situation for crypto currencies which is caused by the China ban to crypto currencies what if all the countries shut down trading sites in their countries which means bitcoin will not die but the value will become zero.

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January 16, 2018, 06:59:29 PM
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That's silly.
Don't think it's a good idea to go against hackers.

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January 16, 2018, 07:00:00 PM
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have you ever dig sands under the sea? did you ever count the raindrops? this is what they want to do on that issue as we all know as long as people can make a way to do bitcoin they will do, even if it needs to ride a plane and move out of the country. this cryptocurrency will never stop!

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January 16, 2018, 08:42:34 PM
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have you ever dig sands under the sea? did you ever count the raindrops? this is what they want to do on that issue as we all know as long as people can make a way to do bitcoin they will do, even if it needs to ride a plane and move out of the country. this cryptocurrency will never stop!
You are correct but now the problem is if they ban fiat exchanges how can people use this for day to day use?
I am more concern about a global law than a particular regulation of a country like china.
Yes we all can skip chaina fud and move on.
But what if all the govt get together and agree upon something and push a law. Undecided Huh
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January 16, 2018, 08:50:48 PM
 #18

I don't think it will die . If bitcoin gets regulated,more investors would invest in bitcoin .it takes time for regulators to catch up
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January 16, 2018, 09:00:27 PM
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This is economics. Let's say supposedly they ban Crypto in most countries. We only need one country to support it and "this country" would realize there is a lot of money to be made and bitcoin would help their economy immensely (either tax exchanges, trades, mining etc.), so it's just not realistically possible in this money-driven world. There will always be one that will see benefit in this, because in the end it's all about the $.

What is funny though that everyone in crypto says, fuck the banks, they are scammers, they need to go, but if you think about it, bitcoin succeeded because people saw the easy way to become rich. Like the banks, everyone are the same.
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January 16, 2018, 09:01:36 PM
 #20

I don't think Bitcoin will die Smiley) There are a lot of trouble that Bitcoin need to get over before it can be accepted all over the world. It's really difficult and take really much time but no pain no gain so I think we just need to wait, support for Bitcoin at the moment Smiley

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