Bitcoin Problems: Lack of regulation creates a risky environment.

[kimjoo11]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

[dothebeats]

Risky for those who aren't keen on researching before placing their money on any investment. So far, I haven't seen an experienced trader get scammed or lost it all way back when there literally isn't a single regulation in place for bitcoin, so that means it's still on the end-user to see for himself where he is putting his money and whether or not he'll get scammed or not. Fair and just regulations are already being rolled out by several countries all around the world, so it could spell less worries for those who only invests mildly yet still want to profit big.

[alfs75]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

what do you means that bitcoin is lack of regulation?definetly its true that bitcoin price value is based on blockchain network,but saying thats its lack of regulation,i thinks i dont agree about it because,before this bitcoin created by nakamoto he organized this according to his structure and according to his creation,but if you means that's its not regulated throughout the world thats is nature of bitcoin because every country would not easily adopt the technology and  every government have its own rules,especialy this cryptocurrency  decentralized and volatility.

[zolfa]

I think that bitcoin is perfectly created by satoshi, but after bitcoin is left by satoshi and during technology continues to experience great growth, even many altcoins want to compete with bitcoin.

regulation and the bitcoin work system makes bitcoin passive because bitcoin is forced to update the system, but because bitcoin perfectly, bitcoin can survive until today.

[asdep]

the principle of blockchain is like that, and can not be forced to be managed. The blockchain teaches us to live without leaders, which determines everything about our lives is us alone.

[franky1]

regulations do NOT protect customers

regulations make businesses POLICE its customers.

what lacks is the understanding of due dilegance ((DYOR)do your own research)
and consumer protection which is separate from regulation.

what people think is if a business is regulated. then is a gold star to trust a business..
(remember the housing crises that was regulated. .. that proves regulations do not help mortgage customers)

consumer protections enforced on businsses need advocacy.. not regulation

[Phlaser]

I totally agree with you on this. We hope regulations set in on time to stabilise the market and gain more investors trust and confidence. No doubt, in due season all would be in place.

One of the large problems of Bitcoin as well as the other value-based blockchain network.

[bocyaj]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

Everything had his own advantage and disadvantage.If the government had regulate the crypto currency,many new traders will start to inverse in bitcoin and crypto currency.If the regulation of bitcoin is not made,we can expect huge raise in the price of bitcoin in a single day.

[Louise0910]

Due to digital currency is anew to regulators, the balancing act is made difficult due to pressure from both industry and advocates and detractors, as well as the fact that the industry is still relatively new. I'm looking forward to the near future BTC will be fully regulated.

[pooya87]

So far, I haven't seen an experienced trader get scammed or lost it all way back when there literally isn't a single regulation in place for bitcoin,

anybody who is a regular trader (not a once in a while making 1 trade per 2 months and withdrawing) has been scammed at some point in their journey by an exchange that ran away. we have had a couple of big ones in the past: Mt Gox, Cryptsy, Bitfinex, Bittrex,... a lot of traders have been on these platforms when they scammed them.

[libert19]

Nah, interference of regulations creates a risky environment. I say so because I have experienced it.

[Catch-22]

Risks are part of the business. Just need to be extra careful in bitcoin due to lack of regulations. People are complaining about scams and yet don’t want government intervention and hates KYCs. 

[MISERICORDAE PROJECT]

Bitcoin was founded on the premises of peer-to-peer utility currency without the need for regulations. However, currency traders with experience in fiats became involved and found it even more lucrative giving the fact that it was not regulated. Irresponsible actors took the advantage and created the risks in the ecosystem. This necessitated the need for government regulations, interventions, etc. and they are beginning to take effect.  It is simply a necessity to help vulnerable users.

Of course, the ideal case should be for the users of a peer-to-peer currency to regulate themselves and this is also beginning to take effect through currency/token swaping algorithms like shapeshift (shapeshift.io).  With swaping algos, you won't worry that an exchange platform has shutdown and with your bitcoins or other cryptocurrencies disappeared forever. With swaping algos, peer-to-peer cryptocurrencies will be self-regulating and the original foundation devoid of 'intervention' will remain nurtured.

[kastara]

What kind of problem do you mean, if I think everyone has their problem but they are trying to find information to get the solution of the problem they face. Keep the spirit of guys.

[salinaangel]

I think bitcoins performance is good in the market. Because peoples are happy with this project. But i think bitcoin have to take some initiative for release their weakness. After that they will do more better.

[annasadia]

I think bitcoin is not subjected to any sort of regulation. It is decentralized and cannot be regulated. It just can be governed and nurtured to grow fast. But it is beyond regulation and for this the price is volatile.

[zxrcoin]

This is true. Because of having no proper regulation, so many crime are made with cryptos. And this has made the system risky. So regulations and laws should be imposed to control the proper environment.

[MUSFIKAR]

Fair regulation has been launched by several countries around the world, so it can spell out a little attention for those who only invest a little but still want big profits. Bitcoin leads the Cryptocurrancy market so every coin has some pros and cons based on this you have to choose the good stuff.

[Queen Esther]

It's really being careful in decision making when it comes to bitcoin.Yes I agree that it's risky if tou do not think twice before you throw the dice.Do some research and understand the trend and the market of bitcoin.

[imstillthebest]

Fair regulation has been launched by several countries around the world, so it can spell out a little attention for those who only invest a little but still want big profits. Bitcoin leads the Cryptocurrancy market so every coin has some pros and cons based on this you have to choose the good stuff.

bitcoin cant be regulated because the government cant hold it. What can be regulated is that something that is centralized like fiats or any other payment method such as  paypal , payza , etc. Being regulated cant also give you a big profit if you are only investing a little because being regulated means the value can now be stable.

 

Re: Bitcoin Problems: Lack of regulation creates a risky environment.

I dont think it is a problem when bitcoin is not regulated infact it is also a blessing because we can be able to earn more due to the effect of volatility. We dont also  force to pay or charged by a tax because as what ive said earlier bitcoin is not regulated.

[jhache]

I guess trying to create a decentralized currency is going to have its problems. You cant have it both ways. One needs to do his own research and apply common sense to prevent himself from getting scammed. Also the regulations are going to come eventually, its just that Bitcoin isn't big enough for governments to consider it right now.

[leoliln45]

if its really a large problems then regulation will be stablished i believe, but the problem is, dicentralized currency are suppose to be that way. If we are careful eonough, we wont get harmd.

[Slow death]

This is true. Because of having no proper regulation, so many crime are made with cryptos. And this has made the system risky. So regulations and laws should be imposed to control the proper environment.

A great example is the case of exchange, daily or monthly are created new exchange anonymous and that has no licenses, physical office and as I said they are anonymous we do not know anything about the owners of these exchange, but we are talking about a business of millions of dollars ... how can someone complain if money is stolen by the exchange if the exchange is anonymous? how will a billionaire invest in an anonymous exchange? What guarantees will this billionaire have? so I agree with you that we need regulation, we need laws that protect investors and ensure that the exchange provides its services well

Nah, interference of regulations creates a risky environment. I say so because I have experienced it.

depends on the laws, if they are too hard they can be a problem, but at the same time it protects people

[voltagecrypto98]

I also think that this is a big problem. And it should be resolved as early as possible else in future thhe whole industry may suffer with a lot of scams.

[kojoannan]

Lack of regulations is the main problem of bitcoins and it keeps investors of bitcoins away. I don't blame bitcoins rather because it is clear of its anonymous features and trying to regulate it won't make it as it is now.

[bungsoh]

What kind of rules do you mean? If bitcoin will be set like fiat money then it is not possible. Rules can be applied only to the cryptocurrency carrier service provider. by requiring users to verify KYC and so forth. But if your Bitcoin or Crypto is stored in a wallet that is not an exchange wallet then who can know if it is yours?

[pixie85]

I guess trying to create a decentralized currency is going to have its problems. You cant have it both ways. One needs to do his own research and apply common sense to prevent himself from getting scammed. Also the regulations are going to come eventually, its just that Bitcoin isn't big enough for governments to consider it right now.

That's true. I always wonder why people bring up lack of regulation as a bitcoin's problem. You can have a regulated fiat currency that is contractually yours, but this contract can be broken at any time. Or you can have a currency that is 100% yours and can't be taken from you, but isn't regulated and you can't ask your government for guidance.

[vaughn125]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

Well, it is pretty obvious. And clearly, this is what most of the people that hate crypto currencies use to pin down this industry. Damn, this reasoning is so damn over used that if it could speak, it would be screaming for a break. But seriously though, if there is a risk, then be careful and adapt. It's that easy. Specially when there are a lot of benefits present.

[Sarastiche]

Regulation and policy development is what can create and enabling environment for the Bitcoin community, and also reduce the rate of scam in the space in order to enhance trust and ultimaltely ensure that more investors will come into the Bitcoin community

[Doterti]

Regulation and policy development is what can create and enabling environment for the Bitcoin community, and also reduce the rate of scam in the space in order to enhance trust and ultimaltely ensure that more investors will come into the Bitcoin community

It is a big problem in the bitcoin community especially in the system that creates hacks and bugs that can created a crash or unresponsive in progress.

[BitcoinNewbie15]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

This is exactly right. Lack of regulation creates a risky environment. So what does that tell you?

1. Regulation of Bitcoin is happening and only a matter of time

2. Regulation would bring less risk to investors, and with a legal framework in place, institutional investors can come in.

Once Bitcoin is regulated, I'm pretty sure the price will be much higher.

[TommyAMD]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

Yes, the risks are significantly higher in an environment where there is no legal regulation. But in the crypto world, any experienced investor goes to a competent risk, having well studied the crypto-currencies and the factors influencing them.

[luisowens]

Yes, there are no such regulations in bitcoin. But that doesn’t creates Sevier problem. It doesn’t make the investment risky and the investor face no problem for this as per I believe.

[cryptostardom]

This is a serious issue, there need to be some form of regulation in the community. This will ensure that all operations run smothly

[tonyjon]

Regulation is necessary for the government. They can't control it, so they don't like it. For many crypto enthusiasts and investors, this is not a problem. The only bad thing is that the industry now has a lot of scams that collect investor money and disappear - that's what undermines trust.

[availcrypto]

I don't think bitcoin is a risky platform. It is safe and secured as well as encrypted. Besides, the transactions are transaparent. That's why if any incident occurs, it will be clearly visible.

[deltameanschange]

the principle of blockchain is like that, and can not be forced to be managed. The blockchain teaches us to live without leaders, which determines everything about our lives is us alone.

what do you think is the longevity of this "self-regulation" of Bitcoin?

[robertcross07]

I think the crypto world is still in the revolution period. So it might take a more time to set the files of regulation. But it will happen unless it would be really risky for all of us.

[Dico88]

In some countries can give little attention to those who only invest a little and still want a big profit. Bitcoin can also lead the crypto currency market so every coin can have some pros and cons and you should be able to choose good items from the results of their project experience.

[xbl1008]

Its only natural for us to protect our hard earned money and for that the government bodies exist so that someone can be reported if such incident happened and this is been recorded for further study so if something may happened again in the future it can be solved right away and people responsible for it can be questioned fast.

[saurav111]

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.

[Christine Viveiross]

You can say that again. I think alike. But Bitcoin is too new for givernment to lay legal grounds for it. It may take time, but currently, when the goverment hasn't get it under control, investing in Bitcoin is kind of risky.

[Haniya Syed]

I coudn't agree with you more. Investors confront lots of problems due to the lack of government's regulation. For example, in stock market, which is regulated, if you try to manipulate stocks' price, you'll certainly get fined when discovered. As a result, the stocks' price is less volatile compared to Bitcoin, which the big whales can manipulate the price without fear of punishment.

[Eric Costaa]

Every coin has its two sides. It's undeniable that the coin market will be more stable and safer with the regulation from the government. More investors will put money into Bitcoin. On the other hand, without laws, we can expect an upsurge in price. However, I still hope that cryptocurrency will go under control.

[Gary Joness]

I have to say if Bitcoin goes under regulation, it's safer to invest. Scams and price manipulation are posing considerable risks that can be avoided with government's regulation. However, if you're invest in Bitcoin with full alert, it may be worth the risks.

[pancawati77]

Btc is lead the crypto market so every coins have some pros and cons based on this you have to pick good things but there are some problem that is lack of regulations but I don’t agree with it because btc have this highest priory to solve and takes care for customers.

Indeed, but that can be improved by the active regulation and work system of bitcoin. bitcoin can survive until now because there is always a huge growth and many altcoin also want to compete with bitcoin in a healthy manner.

[classictee]

Yes that's really the obstacles that is stop the crypto from growing faster than expected..... Though its popular but i believe it should be more popular than this if there is a measure or regulations set by the authority..

[Btcnaivie]

Yes that's really the obstacles that is stop the crypto from growing faster than expected..... Though its popular but i believe it should be more popular than this if there is a measure or regulations set by the authority..

Definitely I agree with you. If bitcoin have really set and create enough regulation in the blockchain for sure the volatility of the price today is not that bad.

[Alanpigi80]

Lack of regulation it's the pillar of a decentralyzed system. If we put regulations to bitcoin it will change. That's a plus and a malus of course. It's not as simple as it looks like, it's never simple, the only thing that we can do is hope in a brighter future

[cak imin]

Yes that's really the obstacles that is stop the crypto from growing faster than expected..... Though its popular but i believe it should be more popular than this if there is a measure or regulations set by the authority..

Definitely I agree with you. If bitcoin have really set and create enough regulation in the blockchain for sure the volatility of the price today is not that bad.

the problem of this regulation is very difficult to achieve. until now the bitcoin niali is still up and down drastically, it becomes the biggest risk of bitcoin. the possibility that regulate and make the regulation in this blockchain can be achieved bitcoin value will be more stable.

[ALI AKBAR]

Yes of course, the risks are significantly higher in an environment where there is no legal regulation. But in the crypto world, any adept investor goes to a competent risk. The only bad thing is that the industry now has a lot of scams that collect investor money and disapointed that's what undermines trust.

[BelieveInBTC]

More and more countries are determined to regulate cryptocurrencies. There are some countries which have really strict rules and want to get rid of them, but fortunately there are countries which support cryptocurrencies and encourage investors to move to their country. Without regulations investors will be afraid to buy Bitcoin because they are afraid that government might ban Bitcoin.

[LodisMcguire]

For a decentralized system like bitcoin,it's impossible to impart global regulation because everyone can access it individually.The risk that you're talking about is the responsibility of oneself,so it's necessary to have the knowledge of blockchain and cryptocurrency before you start.

[walemil]

The only issue I have with cryptocurrency regulation is the fact that it will breach freedom. Apart from this, I think regulations will eliminate scams completely. Scams in cryptocurrencies are supposed to be viewed with all seriousness so that people won't keep loosing money.

[billbear]

 I agree with the second Guy, you need to make your own deep research, before you would put your single $1 here, because otherwise you would be losing your money and complaining about the bad market state.

[Nelly.G0211]

I have read that Hoskinson thinks that Wall Streeters are going to invest dozens of trillions in crypto, right after the regulations are embraced. Top companies of crypto industry are getting ready to institutional investors. The biggest invest-company Susquehanna International Group works with the most popular virtual coins.
In my opinion, regulations will improve the level of consumer's protection, but it will definitely decrease the level of volatility of market.

[Omega Weapon]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

Maybe that is a problem for you but that is what we wanted from the beginning, besides regulations are only in place for those that should know better and should avoid to invest in this or any market to begin with, people of today want everything to come with a certificate that it is safe to use, you just have to take a look at any new device you buy and you will see all kind of warnings that any person with some common sense knows it should not be done and the same applies to crypto.

[SUDARMONO]

It is true that the lack of regulation makes it all out of control and it is very risky for the future and I think all rules must be made for future success.

[DreezHoly]

That's a sad truth but again cryptocurrency doesn't perform well on regulations, it was meant to be free, that's the whole essence, it's also a risky place for those not willing to pay keep attention on research and are rush to commit their money investing in scam projects

[rasp]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

Regulation will kill bitcoin because its main goal - decentralization - will be compromised.
After we hear that this or that country tried to regulate bitcoin its price always goes down - and that's a very bad signal.

[lekam0213]

I think I would not agree with that, what ever btc made (about their regulation) are being supported by the community so it means it don't have something lacking and risky is normal in all cryptos buy not with the btc environment.

[javadsalehi]

I think I would not agree with that, what ever btc made (about their regulation) are being supported by the community so it means it don't have something lacking and risky is normal in all cryptos buy not with the btc environment.

The community have not completely accepted this. That's why every news about the regulations, cause the price to be heavily changed.

[rileyhill]

Yes,  there are no such regulations in bitcoin. But that doesn’t creates Sevier problem. It doesn’t make the investment  risky and the investor face no problem for this as per I believe. 

[gerasimo]

Risky probably for those that just jump in suddenly and not knowing what they are investing in.

[Omega Weapon]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

Regulation will kill bitcoin because its main goal - decentralization - will be compromised.
After we hear that this or that country tried to regulate bitcoin its price always goes down - and that's a very bad signal.

Regulation is not going to kill bitcoin what it can kill it is if governments are effective at applying the regulation, as an example in my country we have similar laws like those in most countries against major crimes but the reason criminals do not respect those laws is that almost no one gets caught and sentenced by their actions, so criminals do whatever they want with impunity, if the regulations imposed by governments are not followed and no one is punished those regulations will mean nothing.

[DoublerHunter]

The regulation for bitcoin will come in the future for sure because the government are now taking a look for the cryptocurrencies and bitcoin is the representative of the cryptocurrencies so when they get interested in adopting bitcoin then they will just accept it and put a regulation into it.

[Nilda]

A lot of people did well on bitcoin for almost a decade without regulations. Just need to be extra careful. Extensive research and background checking is a must. Not against regulation. Bitcoin will not become mainstream without regulation.

[Ahimoth]

It is true that the lack of regulation makes it all out of control and it is very risky for the future and I think all rules must be made for future success.

Well the system itself has many advantages and disadvantages when we're talking about regulation. Lack of regulation makes bitcoin so good because it allows many people to do whatever benefits them. On the other hand with this kind of situation many will take advantage because they can do something with other people.

[dutchkay]

Regulation is not needed for bitcoin but some other parts of cryptocurrency really needs to be regulated. Bitcoin is a decentralized currency and is doing really just fine but greed will always come in and some want to have control over it. Many have seen it for avenue to enrich themselves and looting others while at it. Am talking about ICO in articular which the craze for it keeps increasing rapidly. So i believe that regulation is really needed in that space.

[cacvy3]

i think that the lack of regulations is only giving people more scams at the moment, like all those bastards that scam on telegram channels about icos.

[squatz1]

While this may seem like the case right now, regulations can only go so far and can only help for so long. There is a time when regulations go too far, sometimes meaning to go too far, in an attempt to cripple something through regulatory action. I could, without a doubt, see governments funded by bankers (politicians funded by bankers really) doing this in order to kill bitcoin so it doesn't hurt the big banks at all. I've thought time and time again if the banks ever have an INKLING that bitcoin is going to hurt them in the lease -- they're going to kill it INSTANTLY.

That's the way it goes.

[Herbert2020]

i think that the lack of regulations is only giving people more scams at the moment, like all those bastards that scam on telegram channels about icos.

regulations will not solve that problem ever. it is not capable of doing it.
as long as the system is open source and free to use, there will be a lot of scammers who create shitty ICOs to scam others, and there will be lazy developers who want money who will create other type of shitty ICOs to scam people in a different way. in the end whether it is an obvious or non-obvious scam they are all doing the same.
the people (investors) themselves should be more careful and not invest in ANY ICO ever.

[pimkobai]

I do not think to impose such regulation could fix the problem involving the risk of bitcoin. I believe that the people investing bitcoin should understand the behaviour of bitcoin in the crypto market to lessen the risk. I believe if they do understand how bitcoin works, definitely these people could somehow feel safer then with their investment. People should not be dictated by their emotions before making decisions especially during bear markets.

[clairdelune]

For me the lack of regulation is not the one who creates a risk environment. The one who creates a risky environment is the people who invested the Bitcoin and the lack of regulation does not affect the Bitcoin to become risky. For me the bitcoin can play his part very well and it does not affect anything, it only become risky when the person who want to invest on bitcoin have only a few knowledge about bitcoin. So it will not be risky for them they should study and learn first the bitcoin so they will know what to do with the bitcoin when they invest on it already.

[Coffee135]

The lack of regulation is freedom. There are always risks in everything. But a free person is aware of this and takes responsibility for the decisions taken. Regulation is a responsibility on regulators. They may not always be able to keep you safe, but they will take your freedom for good. You need this? It seems to me that the current crisis of cryptocurrencies is largely due to the tightening of the policy of regulation of this market.

[FXTradingPro]

It is in the public interest to institute some common sense regulations, especially when dealing with exchanges. Exchanges need to be held yo high standard when it comes to security and the protection of crypto assets. They also need to be held responsible for market manipulation that might occur and to ensure that all trading is fair.

[Robertqueen2]

Regulating of bitcoin means literally confining it because regulations in one way or another will only be in the interest of established business leaders, and this opposes the essence of the Blockchain. What should be really taken into account is how to develop creative ways regarding mining bitcoin which is a process that consume a massive amount of energy. 

[feverpitch]

I think it is always dangerous. Here it is important to have faith and to really study the market to keep abreast of all the events and understand what is happening. If you believe and go to the end, do not take into account the various rumors, you can be surely making a profit.

[ngamuk tok]

What rule do you mean? What are government regulations? I think nobody can manage bitcoin even though it comes from a great institution. If what you expect is a rule to ensure security for users and bitcoin holders, I think the main thing we should see is the security of the wallet key. The thoughtful and responsible thinking of every bitcoin holder and user is also necessary to avoid abuse and crime.

[BagzMM]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

We know that bitcoin is decentralized not governed by any political leader because it uses blockchain technology. It is really risky in the sense that every transactions is anonymous and market is volatile.

[Mpamaegbu]

Risky for those who aren't keen on researching before placing their money on any investment. So far, I haven't seen an experienced trader get scammed or lost it all way back when there literally isn't a single regulation in place for bitcoin, so that means it's still on the end-user to see for himself where he is putting his money and whether or not he'll get scammed or not. Fair and just regulations are already being rolled out by several countries all around the world, so it could spell less worries for those who only invests mildly yet still want to profit big.

The OP isn't only referring to Bitcoin. He meant the whole cryptocurrency stuff. Don't tell me you haven't lost any cash investing in an ICO that later went shitty or that you never bought already existing coin only for price to nosedive and you are currently bag holding that coin waiting patiently for price to revert? Come on, you weren't born a trader with that skill set. Nobody was. We all learn from experience. And I believe you too.

[TrumpD]

I agree, to this "topic statement", and I feel that there has to be some sort of regulation in this space, to bring some sanity to it at some point, but most importantly for people, institutions and or exchanges to be held accountable in cases where they should. However, there is every chance of the "very influential" to manipulate any sort of regulations to favor them, and not allow the market work naturally - this is something we have to guard against.

[ajuelnah akun]

What rule do you mean? What are government regulations? I think no one can give a rule against bitcoin even though it is a government or a big institution. If what you expect is security for holders or bitcoin users, I think the main thing to note is the security of your personal wallet key.
Wise responsibilities and thoughts are also required for every user and bitcoin holder to avoid abuse and crime.

[teterinal]

It was made to be decentralized and not be controlled by any authority.

It is just risky for those that do not have the effort to learn and get the necessary knowledge about bitcoin before investing. It's an SOP to get to know what you are investing in so that you won't loose your money . right?

[andreevaviktoriy77]

Now in this crypto market poured very large sums of money! There are so many large investors who want to enter this market, but they do not feel the safety of the crypto market! regulation of the crypto market we need, it will attract large amounts of investment! Regulation of the crypto market will allow us to move faster in the development of the global economy and the introduction of a crypto system throughout the world! Already now in many countries have begun the registrations of companies that attract investment, as well as working out new laws for new companies, as well as legalize bitcoin as a cash asset!

[ajpandey]

Thank you for the explanation.  It really helps the ones who are interested in Learning about Bitcoins. Am interested in Learning about bitcoin and Crypto trading, So I think this forum would be a great resource for me.

[ani4]

Risky for those who aren't keen on researching before placing their money on any investment. So far, I haven't seen an experienced trader get scammed or lost it all way back when there literally isn't a single regulation in place for bitcoin, so that means it's still on the end-user to see for himself where he is putting his money and whether or not he'll get scammed or not. Fair and just regulations are already being rolled out by several countries all around the world, so it could spell less worries for those who only invests mildly yet still want to profit big.

this.

people don't understand how radically crypto shifts the power back to the individual. But with power comes responsibility; we must be responsible for our security/provisions and research surrounding it all. If you're not knowledgeable about your own "assets", don't expect them to work well for you forever because you are the weak point in the structure.

[casternetwork]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

Certainly so. Bitcoin can make a profit, but Bitcoin can also take away all the assets we have. In fact, blockchain technology still has a lot of risks. If the blockchain collapses then Bitcoin will also disappear forever

[Victorycoin]

Lack of regulations is the main problem of bitcoins and it keeps investors of bitcoins away. I don't blame bitcoins rather because it is clear of its anonymous features and trying to regulate it won't make it as it is now.

You didn't mean to say that I suppose, because you ought to know better that Bitcoin was created to bypass the governments and its agents - the banks and all was well. Most governments, of course made some moves to ban Bitcoin and the recourse to regulation was merely an after thought,after they found Bitcoin cannot really be banned. Know for sure what majority of them had wished was an outright ban of Bitcoin and cryptocurrencies in general.

[TURBOCottonnmouth]

I hear, in some countries lack of crypto regulation promotes abuse of power on the part of law-enforcement agencies including theft of coins and mining equipment on the pretext of alleged support for terrorism.

[micle222]

All the things in technological advancement must be risky, just as it was with the time when James Watt invented the light bulb, many people say that his self is creating something risky.

Bitcoin is also created there is a risk, namely from the ups and downs of the price and the risk is not accepted by the crowd, but Bitcoin is created to be a pioneer of goodness in terms of financial transactions and ease in every sale and purchase.

[karinaloren]

In many countries the situation is really very unclear. It is obviously one of the most disappointing things about cryptocurrencies and Bitcoin as well. We need some regulations at least to feel protected. Nevertheless, I am afraid that the governments can introduce too strict regulations or even bans. That's why the issue of regulations is rather a controversial one.

[hxxxiu]

The lack of regulation of Bitcoin is not a problem. The existence of Bitcoin is not to be regulated. If such a rule is broken, what is Bitcoin and other French currency?...

[necessaryyou]

The rules are fair and are only being released by a number of countries around the world, but if you mean it is not regulated worldwide then it is the nature of bitcoin because every country will not be easy. Technology and all governments have their own rules, especially the non-coding and electronic money fluctuations.

[Flygonz]

In this statement that bitcoin problems lack of regulation creates a risky environment it is true if they lack of regulations there’s a possibility of more conflict or circumstances that the company will encounter.

[rumexx]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

Once  bitcoin is centralized and regulated  the essence of bitcoin is gone. Bitcoin will not be able empower the poor, will not be anonymous and once this happens the value will also go down in the market and may not be able to survive it.

[Veterock]

Any kind of regulation will destroy bitcoin as an idea!

[Omega Weapon]

A lot of people did well on bitcoin for almost a decade without regulations. Just need to be extra careful. Extensive research and background checking is a must. Not against regulation. Bitcoin will not become mainstream without regulation.

Bitcoin does not need regulation to become mainstream, do you think that governments are going to do all of that to help bitcoin? Of course not, what we need is that people realize the scam that is the economy and there is no better way to show that than the economy collapsing and that may happen in the next 5 years since the growth of the stock market happened because the FED kept pointing dollars but it seems that is over.

[daarul50]

In terms of economics, a regulation is indeed necessary in order to regulate in order to avoid chaos. However, decentralized bitcoins do run counter to a regulation so that it can not be made to regulate bitcoin. These regulatory issues will continue until agreement between governments around the world and bitcoin developers is not reached.

[12tribes]

lack of regulation is actually one of the reasons the bitcoin has seen some backlash and it is likely that as time goes on the conventional and acceptable businesses will come together to form a cabal and so place some regulations to protect them from the sharks out there at sea. Anybody can be anything but they are on the internet and this is actually a problem dealing with individuals or groups who may have little or no physical presence in reality.

[feverpitch]

Actually when you are saying about regulation then you will have to follow a centralized network. Without centralized network, regulation is not possible. So regulation of bitcoin will hamper the core principle of the blockchain technology as well as the crypto currency market. Bitcoin is successfully operating without regulation and it will continue to do so in future.

I agree with you because centralizing of Bitcoin can create manipulation inside out every country. First of all governments and businessman will be able to steal your money.

[Cody Blare]

YES. Very very RISKY..!!!

Price fluctuations are very huge in Bitcoins. The prices have fallen upto 50% in a single day.
It's a matter of minutes or hours in which you can see your savings plummeting or rocketing. Anything can happen.
So if you have an appetite of taking higher risks then definitely go for investing in Bitcoins, but you are light-hearted then this is not for you. Invest in safer options like Mutual funds.

[Carlos Hailey]

It's highly volitile. There have been major swings in prices. It's highly manipulated. There's no regulation governing it. It has no intrinsic value.

[Binugon]

Risky for those who aren't keen on researching before placing their money on any investment. So far, I haven't seen an experienced trader get scammed or lost it all way back when there literally isn't a single regulation in place for bitcoin, so that means it's still on the end-user to see for himself where he is putting his money and whether or not he'll get scammed or not. Fair and just regulations are already being rolled out by several countries all around the world, so it could spell less worries for those who only invests mildly yet still want to profit big.

As a virtual currency, bitcoin is stored in the form of digital files or known as wallet files. In use, the wallet file is similar to the cash register function. The digital wallet can also be hacked and stolen through malware. Not to mention the risk of hard disk content of bitcoin owners erased accidentally. More painful than cash, you lose all the contents of the wallet without being traceable to where it disappears.

[Virginia Nevess]

I think the same with you. I'm of the opinion that Bitcoin as well as other digital currency need laying legal grounds and regulating. Frauds and crimes discourage investors from putting money into Bitcoin. If governments impose rules and lay Bitcoin legal grounds, the trust in Bitcoin will be enforced.

[Frank Norwoodd]

Yeah, I agree with you. In case you are scammed money through Bitcoin and want to suit the scammer, it will be very difficult to solve because Bitcoin hasn't been laid legal grounds. No one knows whether it is a legal asset or not. But when governments get Bitcoin legitimized, you're likely to get money back. Therefore, with regulation, investing in Bitcoin become safer.

[yayat]

what regulations?
I think Bitcoin is created not to make rules, so there is no ruling leader who can be a monopoly of a price against the Bitcoin.

because the nature of Bitcoin is created to be owned by yourself and not set by others.

[frickshow]

Bitcoin regulation is necessary for peoples and markets so they can start adaption of bitcoins, but bitcoin is not risky for environment because experienced person know how to manage, bitcoins is a  volatile and decentralized currency also its price is depends on blockchain network,demands & supply. lose is depend where we invest or put our bitcoins.

[Rustamm]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

You would at least briefly outline the essence of your thoughts and what you are proposing for discussion. It is unclear why the lack of regulation of bitcoin creates a dangerous environment. First, the regulation of the crypto currency can be different, useful and not very much for it, and secondly, what dangerous environment is it? Will we fantasize about what you meant?

[Atila0712]

Agree, serious investors never enter in the market  where wild west laws are used and no security is guaranteed.
The process of wise regulations is taking much time and we are all damaged..

[awosesun]

Regardless of crypto regulations, i think each and every investor need an understanding, information and well research on the particular project they are investing their money on. Like someone pointed from one of the comment, you hardly see any any experience trader or crypto expert that have love money to scammer.

[inv_ker]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

Regulation and management of anythingsuch as bitcoin will really lead to a better understanding and results. But we are still waiting for that strict and fair regulation to be imposed.

[fernandoclause]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

the problem is the human itself because the bitcoin system has been designed with sophisticated, and can you fix your question, because for now I do not understand what you mean

[stayeduptolate]

One of the large problems of Bitcoin as well as the other value-based blockchain network.

I think this is the only issue why most of the people, large companies and most of the countries are now hesitating in investing in bitcoin, as we all know that there is no such proper authentic regulating body over bitcoin and thus there are no such proper regulations and thus a king many social defaulters to use bitcoin for illegal purposes like selling drugs, explosives, money laundering etc and thus creating risky environment and demotivating people not to invest in it.

[IndigoRed]

In my opinion, cryptocurrencies need some form of regulation. Especially if it would protect users and investors from getting scammed. I am all for any regulation, just as long as it doesn’t stifle the innovations of cryptocurrencies.

[royaljack200]

Having regulations definitely will make the crypto world more safe. Users will feel safer when they use bitcoins as a payment.  However, I don't know if having government intervention will be the best for cryptocurrencies. It may halt improvement and make progress slower.

[tronghai12345]

Keeps a good bunch of people away from bitcoins. No regulations mean it can be dangerous. Users aren't being protected from scams.
Bitcoin is decentralized and I don't think the government can easily regulate it.
It's also up to the user to be safe. Specially traders. Better do some research before deciding to trade.

[herrzinfakt]

Regulations are needed for added security. A unregulated market isn't very good for the community. There won't be any balance. This makes it very hard for companies to adapt to the use of bitcoin.
I wouldn't really want heavy regulations though. It's great we have bitcoins. That way the government do not have control over all our assets.