Cryptoman55227 (OP)
Newbie
Offline
Activity: 18
Merit: 0
|
|
April 12, 2018, 07:39:13 AM |
|
It can increase the trust and even help, but the current regulations (or attempts) are damaging the crypto reputation more than anything else. In another hand, accepting to be regulated may lost the credibility of any project.
In terms of trading volumes, in my opinion it will be just related to what I was saying above. If more trust are put in cryptos, more people will buy, so more volumes and so higher prices.
In your opinion, how can people trust crypto?
|
|
|
|
setialovers
Member
Offline
Activity: 812
Merit: 11
|
|
April 12, 2018, 07:43:39 AM |
|
worldwide regulatory bodies are looking to set legal guide rules to regulate crypto markets which will limit ICO. Do you think that this will increase the size of crypto markets since it will increase trust, or would it decrease the size of crypto since the number of ICO will go down I think if cryptomarket regulate by government, it will increasing daily volume. I am believe that because if government issuing regulation, investor will more be confident with cryptocurrency because before that, many negative news about cryptocurrency
|
|
|
|
Budugbass
|
|
April 12, 2018, 07:51:50 AM |
|
I'm more loud, that it will have more positive effects to cause an increase and the existence/popular of crypto in many countries. And of course with that.., maybe scams activity will decrease and more and more people believe in the ICO they choose to give a boost their sense of trust.
|
|
|
|
Happiest
Member
Offline
Activity: 207
Merit: 22
|
|
April 12, 2018, 08:05:30 AM |
|
Most of many investors of cryptocurrency thinks that regulation its a bad thing, that it premit the government to take control and manipulate cryptocurrency, especially bitcoin. But that's not it. With regulation, there will be less scam and fraud going on in the blockchain technology. Most ICO are setting up scammy projects to lure people into investing in tokens which will turn out to be shitcoins but with regulations, this will be less.
|
|
|
|
BrewMaster
Legendary
Offline
Activity: 2114
Merit: 1293
There is trouble abrewing
|
|
April 12, 2018, 12:45:22 PM |
|
Crypro without regulations at first.. It's hard to say yes or no on both situation. regulations may eliminate scams such as ICOs and as a result it may decrease the volume that goes into them, for example it can practically make ETH useless because there will be so little ICOs left to invest none of which are pumpable!
Btw ICO's are needed for development, some of them offered us unique possibilities in crypto world and if there are scam projects, people have to think more before they invest in anything. Ethereum is great creation and to my mind that reason can't affect it because this coin has a lot of another positive sides. well, first of all before ICOs and before devs asking to get paid to develop, everything worked fine and there were unique possibilities in crypto back then and projects were a lot better! secondly i don't know any ICO that has actually done something. i would like to hear about an old one (like a year old) that is now doing what it promised. regarding ethereum i have to say the only thing "great" that it did was to bring popularity to smart contracts but it did it in a terrible way on a bad platform.
|
There is a FOMO brewing...
|
|
|
Harrisonimo
|
|
April 12, 2018, 01:19:08 PM |
|
worldwide regulatory bodies are looking to set legal guide rules to regulate crypto markets which will limit ICO. Do you think that this will increase the size of crypto markets since it will increase trust, or would it decrease the size of crypto since the number of ICO will go down I believe most traders are humans; even the robots are patterned by humans giving them instructions on actions to take given a market trend. Most decisions taken are with respect to traders' reactive behaviors. So, in view of a well regulated market, this will definitely have a positive influence on the volumes of trade experienced in the Cryptocurrency markets.
|
|
|
|
Austin Alexis
Newbie
Offline
Activity: 50
Merit: 0
|
|
April 12, 2018, 01:21:16 PM |
|
The biggest issue current from speaking to people regarding crypto is the lack of regulation and the phrase that keeps popping up is the wild Wild West! This is bound to scare any serious and retail investors away for the time being
|
|
|
|
hugeblack
Legendary
Offline
Activity: 2660
Merit: 3918
|
|
April 12, 2018, 02:56:43 PM |
|
The regulation has positive and negative aspects: positive: Get rid of scam cryptocurrencies: After the huge rise in the price of the Bitcoin we saw a lot of currencies and ICOs campaigns that have damaged its reputation. Dispose of useless cryptocurrencies: If we need the cryptocurrencies, this does not mean we need more than 1000 coins and tokens. Reduce the price of ether: Since most of the tokens depend on it, it will also increase the demand for cryptocurrencies that can not be traced like Monero.
negative prices drop: These currencies will lose one of its most important advantages (decentralization). Reduce price volatility: going to be stable currencies like gold
|
|
|
|
1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
|
|
April 12, 2018, 03:40:01 PM |
|
Dispose of useless cryptocurrencies: If we need the cryptocurrencies, this does not mean we need more than 1000 coins and tokens. Reduce the price of ether: Since most of the tokens depend on it, it will also increase the demand for cryptocurrencies that can not be traced like Monero.
It might turn out to affect Bitcoin as well. People don't think things through properly. While I am not at all a fan of Ethereum or any other altcoins aside from Monero, they actually play an important role within the entire crypto ecosystem. Ethereum's growth resulted in people using Bitcoin to either buy themselves in these tokens early on, or to trade them on-exchange at a later stage. And that's just Ethereum with its ICO thingy. If we look at the global altcoin market, and regulations making sure exchanges as Binance (non fiat exchanges) increase the demand for Bitcoin to trade it against altcoins, it significantly helps in taking possibly hundreds of thousands of coins off the regular Bitcoin market. Binance alone has a trading volume of over 200,000BTC in the last 24 hours! Less demand for altcoins and tokens means less demand for Bitcoin.
|
|
|
|
godzillarekt007
Full Member
Offline
Activity: 266
Merit: 106
Floki Robot
|
|
April 12, 2018, 04:56:08 PM |
|
Dispose of useless cryptocurrencies: If we need the cryptocurrencies, this does not mean we need more than 1000 coins and tokens. Reduce the price of ether: Since most of the tokens depend on it, it will also increase the demand for cryptocurrencies that can not be traced like Monero.
It might turn out to affect Bitcoin as well. People don't think things through properly. While I am not at all a fan of Ethereum or any other altcoins aside from Monero, they actually play an important role within the entire crypto ecosystem. Ethereum's growth resulted in people using Bitcoin to either buy themselves in these tokens early on, or to trade them on-exchange at a later stage. And that's just Ethereum with its ICO thingy. If we look at the global altcoin market, and regulations making sure exchanges as Binance (non fiat exchanges) increase the demand for Bitcoin to trade it against altcoins, it significantly helps in taking possibly hundreds of thousands of coins off the regular Bitcoin market. Binance alone has a trading volume of over 200,000BTC in the last 24 hours! Less demand for altcoins and tokens means less demand for Bitcoin. Counter: Bitcoin's demand will be driven higher by institutional players who otherwise aren't getting in due to crappy unregulated exchanges. If there demand can off set the demand lost by altcoins then this is no big deal. Of course that is a big what if but I think we stand a better chance carrying on with some regulation than without any. I don't want a ton of oversight, but some is certainly welcomed at this point in time.
|
|
|
|
LeGaulois
Copper Member
Legendary
Offline
Activity: 2940
Merit: 4101
Top Crypto Casino
|
|
April 12, 2018, 09:18:20 PM Last edit: April 12, 2018, 10:29:14 PM by LeGaulois |
|
@dothebeats @exstasie @leonair @Cryptoman55227
I said it because, cryptocurrencies (and Bitcoin specifically) were/was created to avoid any regulation from government and the current banking system. Not to create a store of value, a speculative asset or a currency, but still to be controlled by governments/banks.
If you look at who were the first people to take part in the project they are all part of the cypherpunk and anarchist movement, these are the real origins of Bitcoin. Disturb the governments and banks for a political and a social change (without the need for a riot, war, etc...) Accepting regulations with cryptos is like finally to admit that the dream for a currency outside the traditional system is definitely not possible. The real crypto dream is destroyed. If today you accept regulations, in 5 years you will accept to see cryptos issued by banks only, because you think it's better, safer, or any other reason...
So then the privacy/cryptography/anarchist/true cryptos advocates/average user not considering crypto as a speculative asset (ie: someone more interested in the uses case than the money you can make from it) well, the real bitcoiners you know, don't really accept to see cryptos regulated and may lose faith in the purpose. You can check yourself, you rarely find a cryptographer advocate here. As I said the real crypto dream is destroyed.
Cryptocurrencies and cryptography are all about privacy-enhancing technologies. Where is your privacy if institutions, banks, and governments can still see what you're doing with your money? There isn't any. You can call it cryptos, pokemons, or rainbows if no privacy then it's not really useful.
Cryptos don't help to prevent illicit activities,(The same way debit card technology failed to prevent it) consider what is now becoming popular "privacycoins" and the demand will increase a lot. Just to tell you Monero is a baby compared to some technologies used in privacycoins.
This was the reason I posted "accepting to be regulated may lose the credibility of any project." Imagine a privacycoin telling we want to be regulated! People will watch like this => (0.o)
I also said the opposite while saying it can help and yes I do admit this is inconsistent. Unfortunately, we read too many times in the news which knew how to talk badly about Bitcoin on every occasion. What was the mainstream opinion? Oh, Bitcoin is wrong, it's a criminal currency. Getting some regulations is like getting an approval from the government and so maybe change the mind of people and so more people adopting crypto. But what regulations are acceptable or not is something difficult to talk about.
Ah, see yourself and compare with fiats. With all the regulations we have (such as limit withdraw weekly, explanation needed when you need 1500$, this, that and again this) Does it help to prevent frauds and other criminal activities? No there are more frauds than ever. As you know, in the old time money didn't exist, no coin, no card, no bank, people used to trade only. I need 5 apples, you need 5 tomatoes, you then exchange 2 tomatoes for 2 potatoes etc. Then sugar was the currency then gold... During this time, fraud existed. So do we need to regulate apples, tomatoes, and underwear?...
|
|
|
|
bobo012
|
|
April 12, 2018, 09:58:25 PM |
|
worldwide regulatory bodies are looking to set legal guide rules to regulate crypto markets which will limit ICO. Do you think that this will increase the size of crypto markets since it will increase trust, or would it decrease the size of crypto since the number of ICO will go down It will not decrease trading, it will however decrease volatility. It is normal for new assets. don't worry, everything is ok with crypto. It is here to stay and we will be seeing much more of it in the future
|
|
|
|
aeternus
|
|
April 12, 2018, 10:48:41 PM |
|
worldwide regulatory bodies are looking to set legal guide rules to regulate crypto markets which will limit ICO. Do you think that this will increase the size of crypto markets since it will increase trust, or would it decrease the size of crypto since the number of ICO will go down I think that at first the regulation is going to have the effect of decreasing the trading volumes of cryptocurrencies because there are going to be a significant amount of people that are not going to accept this, but as time passes I think we are going to see an increase in that activity because there are going to be many institutional investors that are going to feel safer to invest in a bitcoin.
|
|
|
|
hualangktsld841
|
|
April 12, 2018, 11:38:03 PM |
|
The acceptance of supervision is a step that must be taken for the development of encryption. Only under moderate supervision can the community grow more long, and only in this way the community will expand. Regulation means recognition by policy. In this regard, Japan is already in the front of the encrypted world.
|
|
|
|
daarul50
Legendary
Offline
Activity: 1596
Merit: 1034
|
|
April 12, 2018, 11:39:26 PM |
|
I am more inclined that crypto will increase when given special regulation. Regulation and taxes will give more confidence to investors and trust can boost the price of crypto in the future. The number of ICO project frauds could destroy the reputation of crypto and restriction regulation of an ICO project could narrow the chance of such fraud. Two things that would be possible when regulation is really set for the crypto market. First, building trust to invest in crypto and rising will follow that trust. Second, crypto holders who want to avoid a tax of a regulation then they will run away by selling all of their crypto assets and causing the price of crypto to decrease.
|
|
|
|
TheClownSong
|
|
April 12, 2018, 11:42:24 PM |
|
worldwide regulatory bodies are looking to set legal guide rules to regulate crypto markets which will limit ICO. Do you think that this will increase the size of crypto markets since it will increase trust, or would it decrease the size of crypto since the number of ICO will go down Regulation in cryptomarket is important to protect investor. With regulation, i am believe that volume on cryptomarket will increasing because peoples will more confidence to investing their money and investment institution will start to investing their funds
|
|
|
|
Indrawan77
|
|
April 13, 2018, 12:02:32 AM |
|
I think it depends on the regulation, at one side it can increase the price, once it's regulated its mean crypto become legal and this will increase people's trust, there will be alot of people try to invest in crypto, at the other side some people invest in crypto because it is anonymous, once it regulated we will be forced to submit kyc documents, and of course crypto will be taxed, this will make people to rethink again to invest in crypto
|
|
|
|
cahbagus555
Member
Offline
Activity: 756
Merit: 12
|
|
April 13, 2018, 12:09:52 AM |
|
With regulation, people will not thinking about crypto is scam again and it will attracting peoples to investing their money. Beside that, with regulation, financial institution can investing their funds because the bound by regulation and that will make cryptomarket volume increasing
|
|
|
|
Sadlife
|
|
April 13, 2018, 12:32:10 AM |
|
If a country ban's an ICO i think it would affect the price of the crypto market for a short term as long as people has internet they can find ways to invest and find those ICO's. And the number of bitcoin forums, sites who has many crypto enthusiast are growing. So banning ICO in one country wont affect crypto currencies for a long term.
|
▄▄▄▀█▀▀▀█▀▄▄▄ ▀▀ █ █ ▀ █ █ █ ▄█▄ ▐▌ █▀▀▀▀▀▀█ █▀▀▀▀▀▀▀█ █ ▀█▀ █ █ █ █ █ █ ▄█▄ █▄▄▄▄▄▄▄▄█▄▄▄▄▄▄▄█ █ █ ▐▌ ▀█▀ █▀▀▀▄ █ █ ▀▄▄▄█▄▄ █ █ ▀▀▀▄█▄▄▄█▄▀▀▀ | . CRYPTO CASINO FOR WEB 3.0 | | . ► | | | ▄▄▄█▀▀▀ ▄▄████▀████ ▄████████████ █▀▀ ▀█▄▄▄▄▄ █ ▄█████ █ ▄██████ ██▄ ▄███████ ████▄▄█▀▀▀██████ ████ ▀▀██ ███ █ ▀█ █ ▀▀▄▄ ▄▄▄█▀▀ ▀▀▀▄▄▄▄ | | . OWL GAMES | | | . Metamask WalletConnect Phantom | | | | ▄▄▄███ ███▄▄▄ ▄▄████▀▀▀▀ ▀▀▀▀████▄▄ ▄ ▀▀▀▄▄▀▀▀▀▀▀▀▀▀▄▄▀▀▀ ▄ ██▀ ▄▀▀ ▀▀▄ ▀██ ██▀ █ ▄ ▄█▄▀ ▄ █ ▀██ ██▀ █ ███▄▄███████▄▄███ █ ▀██ █ ▐█▀ ▀█▀ ▀█▌ █ ██▄ █ ▐█▌ ▄██ ▄██ ▐█▌ █ ▄██ ██▄ ████▄ ▄▄▄ ▄████ ▄██ ██▄ ▀█████████████████▀ ▄██ ▀ ▄▄▄▀▀█████████▀▀▄▄▄ ▀ ▀▀████▄▄▄▄ ▄▄▄▄████▀▀ ▀▀▀███ ███▀▀▀ | | . DICE SLOTS BACCARAT BLACKJACK | | . GAME SHOWS POKER ROULETTE CASUAL GAMES | | ▄███████████████████▄ ██▄▀▄█████████████████████▄▄ ███▀█████████████████████████ ████████████████████████████▌ █████████▄█▄████████████████ ███████▄█████▄█████████████▌ ███████▀█████▀█████████████ █████████▄█▄██████████████▌ ██████████████████████████ █████████████████▄███████▌ ████████████████▀▄▀██████ ▀███████████████████▄███▌ ▀▀▀▀█████▀ |
|
|
|
Bitfling
Member
Offline
Activity: 602
Merit: 10
|
|
April 13, 2018, 12:39:55 AM |
|
It can increase the trust and even help, but the current regulations (or attempts) are damaging the crypto reputation more than anything else. In another hand, accepting to be regulated may lost the credibility of any project.
In terms of trading volumes, in my opinion it will be just related to what I was saying above. If more trust are put in cryptos, more people will buy, so more volumes and so higher prices.
It give investor confidence to investing their money. Regulation in cryptomarket is needed if we want cryptomarket more growing. With regulation from government, people will not thinking scam anymore
|
|
|
|
|