WHY PANIC? Regulation talks are positive

[Pursuer]

panics have never been solely because of some news like regulation news, etc. but instead they have always been a combination of causes which lead to a big effect called panic sell.
for example when the price is falling and the dumping is going on thanks to the initiators of the dump or the whales, and panic sellers see it then read some news about some regulations, bans, hacks, etc which may as well be completely irrelevant to bitcoin, they start panicking then. and that panic is what causes the big dumps to happen and price to go much lower.

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[sandos]

yes, i agree with you. the G20 conference announed that they wont ban or control cryptocurrency. this is really a good news for the market and you can see now, most coins have increased about 10% value. I believe all things will be ok soon

[fulmetal08larz]

For BTC and other cryptocurrencies to become the new financial system of the future, it needs to be embraced by the people and gain their trusts. The regulators need to give the people their freedom for their wealth, but without control, it could somehow be abused by the criminals and money launderers which couldn't entirely be eliminated but can be minimized. Regulation is necessary for something that is out of control and the blockchain technology is a very powerful tool to decrease criminal activities.

[Hernandez44]

Becuase of the major currency price drop so that public panic . on the other hand fb google also banned crypto add it also the another negative hype for market. son in this situation panic sell increase thats why i think market fall . i hope  Regulation talks are positive  it also need to improve market situation.

[joebrook]

yes, i agree with you. the G20 conference announed that they wont ban or control cryptocurrency. this is really a good news for the market and you can see now, most coins have increased about 10% value. I believe all things will be ok soon

They also said that Bitcoin and crypto currencies posses no real threat and I believe that’s why most panic sellers have currently stopped selling but I would have appreciated it if they had sold all their bitcoins because they are so stupid.

[dzelenyanskiy]

I am sure that tomorrow, no specific decisions will be made at the G20 summit, they will agree to work out certain concepts and meet after a certain time, for example, in the summer. And the market will again be in a state of uncertainty. And it will not be good either for bitcoin or bad.

[bitbunnny]

Well it depends on the level of regulation. If they severely restrict who can transact or even outlaw bitcoin then we could be in trouble. Banning or restricting ICOs would also have a negative impact because a lot of the money transacted inc cryptos is being fueled by ICO investment etc. If suddenly they become a heavily restricted market with KYC regulations etc then a lot of them will die off or find it hard to get investors.

Well, I don't agree. Majority of countries don't have any intention to outlaw Bitcoin. But they want to regulate it to give more security both to users and to businesses and to control illegal activities. Regarding ICOs I also that the goal isn't ban but to be honest among ICOs there are many scams so their regulation would actualy help with protection.
Bitcoin is changing, it's get more regulated, at some moment KYC rules will also be introduced but I still don't think this will harm Bitcoin, just the opposite.

[Loveaaronbaby]

People are in a bit of a panic at the moment, talking about regulations and bans on crypto, perhaps they don't understand all of the information coming out about the G20 or they simply don't read and just assume.

So far, the talks coming from European countries, Japan, the IMF and the likes are all on the same page, it's a positive technology that needs soft regulation so it can grow and develop, they've even stated a ban would be the worst outcome to this and no one is pushing such an agenda, from my take they want it to succeed yet they're just concerned about money laundering, the whole talks seem to be focused on how to prevent money laundering without restricting the growth of this technology, the head of the IMF Christine Lagarde is saying the same technology blockchain uses to authenticate transactions can also be used by regulators to track movements and prevent laundering or illegal activity, I've said before in other threads that a more open DLT or a way to track it would actually make bitcoin harder to launder than fiat, you would have a complete track record of the movements from each transaction, something which is impossible with a bit of paper and something you would expect to see in any future currency, more reading here:

https://www.coindesk.com/imfs-lagarde-track-cryptos-with-blockchain-to-fight-fire-with-fire/

Other countries have said regulation is required at an exchange level, requiring ID checks to purchase/sell crypto, where I live this is already in place and it works fine, I can buy and sell crypto freely just like the non regulated countries and all I had to do was provide ID, if you use this for illegal activity then you'll suffer, but are we really concerned about these people? I'm not one bit.

Between ID requirements and monitoring of transactions, does this really change anything? Sure, it'll shut up all the FUD about it being banned and what not, for people who are trading it or using it for legal activities not one thing will change for you, this just ensures the longevity of crypto, it's something WE NEED, it will also bring a ton more security to your assets, if some one hacks your wallet and moves bitcoin around 20 times it won't matter, the history of each transaction will bring it back to the thief and they'll pay the price.

To think we'll have this free for all currency with no regulation is crazy, it's inevitable, the outcome could of gone 2 ways, countries trying to ban it or countries trying to track it, you've got the head of the IMF saying it's positive technology and we just need to control laundering, why are people reading this as negative news and creating panic?

Anonymous coins will be the grey area here, I couldn't care if regulation comes in where exchanges are no longer allowed to list these coins, I would much rather see stability and longevity than the desire for anonymous transactions.

Once these measures come in nothing can stop it, you're now sitting at a chance to get in cheap, I know people who won't go near it due to it's lack of regulation, once it's regulated it'll blow up and we will see a ton more people jumping on with confidence.

So what do you all think? Other news like google and facebook banning ICO ads is meh at best, who cares, this impacts nothing other than another reason to FUD.

Yes, I don't know why bitcoin continues to fall today. There is no bad news about bitcoin today. I think the regulatory negotiations are good news. I now suspect that whales are betting against bitcoin.

[UCHCHILD]

panics have never been solely because of some news like regulation news, etc. but instead they have always been a combination of causes which lead to a big effect called panic sell.
for example when the price is falling and the dumping is going on thanks to the initiators of the dump or the whales, and panic sellers see it then read some news about some regulations, bans, hacks, etc which may as well be completely irrelevant to bitcoin, they start panicking then. and that panic is what causes the big dumps to happen and price to go much lower.

News Plus other factors combine make the uptrend or down trend of bitcoins. I think G20 can be a big life to the down falling of the crypto market and can be a good source on injection to boom the price.

[biboy]

panics have never been solely because of some news like regulation news, etc. but instead they have always been a combination of causes which lead to a big effect called panic sell.
for example when the price is falling and the dumping is going on thanks to the initiators of the dump or the whales, and panic sellers see it then read some news about some regulations, bans, hacks, etc which may as well be completely irrelevant to bitcoin, they start panicking then. and that panic is what causes the big dumps to happen and price to go much lower.

News Plus other factors combine make the uptrend or down trend of bitcoins. I think G20 can be a big life to the down falling of the crypto market and can be a good source on injection to boom the price.

That is right, why we are panic when we should not. Don't take life too seriously, make if a habit to stay positive all the time especially here in cryto, we need bitcoin in our life so therefore we need to unite as one, if not then we will end up broke in the end so be positive and stay calm always.

[idgaf007]

People are generally afraid of what they don't know, Regulations could give a negative sentiment in the market for a quick period because alot of people would be afraid in what will happen next but after a while they will realize that there are some benefits in regulating bitcoin. It has it pros and cons. We want freedom but we also want to make the image of bitcoin more legit so that we can push forward in making it the main currency in the world.on the other side This would be like a game of chess, I think right now some people are already ahead of the game and that would mean making some decisions based on their vested interests. Well in the end Ireally hope bitcoin regulations and changes would be for the better.

[Wahyu aep]

most people panick and throw their coins because of the G20 and all the FUD around this event, it is highly unlikely that they will take at least 5 minutes of their time to read about the benefits that regulators can bring to the crypto market, meaning panicked sellers (and whales, can not forget the shorted whales) will continue to hit the price. At least you're trying to raise awareness It's really something I do not understand. Some of these powerful countries are beginning to give you good news about bitcoin. The news that came indicates that the future of cryptocurrency is bright and I still do not know where people get all these fake news and cause them to panic.

[Dannaey]

Some people are just overreacting and been carried away by FUDs spreading all over the internet. They do not analyze carefully the facts. They do not read between the lines yet jump right away to the conclusion. I guess we should all be positive.

[gambitcoin53]

regulation is really needed, so bitcoin can be widely move around the globe and not just a specific country that is open to cryptocurrencies, the idea of these talks and information dissemination proves that bitcoin have a big potential in terms of growth and making its way to open consumers. regulating bitcoin is better than banning it. it means that IMF and other leaders are seeing long term advantages of using crypto. as what they say, it will not compromise the nature of being decentralized, it will limit only on exchange sites, and this is inevitable, whether we like it or not, for us to convert it to any fiat, exchange sites are needed. what they limit is the transactions by tracking the movements and they cannot know from whom the funds came from. so, chill out guys. 

[Jonsnowstark]

Yes indeed theres no need to panic. Im seeing this very positively as well. I think most of the issue the government has against bitcoin is it can be used in crimes like money laundering because of pure anonimity of transactions. The government only want to make sure everything is legit when dealing with bitcoins. And with tge bans from facebook google and now twitter. Im seeing it in a positive way as we. These bans only promote minimizing fraud or scams which are very evident since the surging interest of the public towards cryptocurrency. People sometimes panic over nothing, sometimes we need to trust in the system.

[BlockchainPromoter]

I think this diversion has achieved the purpose of spreading panic. Not everyone reacts like this.

[cryptojohnstone]

The problem government have is that they already have regulation. But how do they apply these existing regulations to these brad new assets. This is the global problem because the currency is so new.

[Crypdon]

There is no reason why they couldn't list anonymous or privacy based coins, exchange transactions are trackable and meets all the kyc requirements. It's only direct coin to coin transactions that can't be traced so anonymous payments would be made outside of exchanges instead.

[SeniorRalap]

People are in a bit of a panic at the moment, talking about regulations and bans on crypto, perhaps they don't understand all of the information coming out about the G20 or they simply don't read and just assume.

So far, the talks coming from European countries, Japan, the IMF and the likes are all on the same page, it's a positive technology that needs soft regulation so it can grow and develop, they've even stated a ban would be the worst outcome to this and no one is pushing such an agenda, from my take they want it to succeed yet they're just concerned about money laundering, the whole talks seem to be focused on how to prevent money laundering without restricting the growth of this technology, the head of the IMF Christine Lagarde is saying the same technology blockchain uses to authenticate transactions can also be used by regulators to track movements and prevent laundering or illegal activity, I've said before in other threads that a more open DLT or a way to track it would actually make bitcoin harder to launder than fiat, you would have a complete track record of the movements from each transaction, something which is impossible with a bit of paper and something you would expect to see in any future currency, more reading here:

https://www.coindesk.com/imfs-lagarde-track-cryptos-with-blockchain-to-fight-fire-with-fire/

Other countries have said regulation is required at an exchange level, requiring ID checks to purchase/sell crypto, where I live this is already in place and it works fine, I can buy and sell crypto freely just like the non regulated countries and all I had to do was provide ID, if you use this for illegal activity then you'll suffer, but are we really concerned about these people? I'm not one bit.

Between ID requirements and monitoring of transactions, does this really change anything? Sure, it'll shut up all the FUD about it being banned and what not, for people who are trading it or using it for legal activities not one thing will change for you, this just ensures the longevity of crypto, it's something WE NEED, it will also bring a ton more security to your assets, if some one hacks your wallet and moves bitcoin around 20 times it won't matter, the history of each transaction will bring it back to the thief and they'll pay the price.

To think we'll have this free for all currency with no regulation is crazy, it's inevitable, the outcome could of gone 2 ways, countries trying to ban it or countries trying to track it, you've got the head of the IMF saying it's positive technology and we just need to control laundering, why are people reading this as negative news and creating panic?

Anonymous coins will be the grey area here, I couldn't care if regulation comes in where exchanges are no longer allowed to list these coins, I would much rather see stability and longevity than the desire for anonymous transactions.

Once these measures come in nothing can stop it, you're now sitting at a chance to get in cheap, I know people who won't go near it due to it's lack of regulation, once it's regulated it'll blow up and we will see a ton more people jumping on with confidence.

So what do you all think? Other news like google and facebook banning ICO ads is meh at best, who cares, this impacts nothing other than another reason to FUD.

I think the price of bitcoin is unstable and it will crash at any time. Its price changes are not determined by the quality of a message. The news has little impact on bitcoin. So don't judge the price of bitcoin by the good or bad news.

[Doge dealer]

i don't think anyone is really panicking i think the media is trying to let us think that people are panicking when the general populace really isn't. Bitcoins is such a good currency that even if regulations were to be brought to the table once they cant be circumvented we the people would accept and work with them to ensure we can still use our coins. If you notice you learn about these panic situations in the media you b hardly hear it from the mouth of the general populace . no one is panicking cause by now we have a good enough idea of what to expect from bitcoins including its potential to rise and fall however this "panic agenda" is being pursued by the media and not the bitcoin community.