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Author Topic: Bitcoin Problems: Lack of regulation creates a risky environment.  (Read 415 times)
Omega Weapon
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July 17, 2018, 03:38:32 PM
 #101

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.
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July 17, 2018, 03:51:17 PM
 #102

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.



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July 17, 2018, 04:03:32 PM
 #103

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.

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July 18, 2018, 10:26:32 AM
 #104

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.

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July 18, 2018, 10:59:49 AM
 #105

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.
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July 18, 2018, 11:05:14 AM
 #106

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.
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July 18, 2018, 11:09:27 AM
 #107

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.

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July 18, 2018, 03:11:04 PM
 #108

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.
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July 18, 2018, 03:16:01 PM
 #109

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.
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July 20, 2018, 12:02:46 PM
 #110

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.

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July 20, 2018, 01:01:59 PM
 #111

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.
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July 22, 2018, 03:01:25 PM
 #112

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?

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July 22, 2018, 03:04:05 PM
 #113

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..
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July 22, 2018, 03:10:26 PM
 #114

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.
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July 22, 2018, 03:35:00 PM
 #115

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.
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August 01, 2018, 07:41:54 AM
 #116

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
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August 02, 2018, 05:50:11 AM
 #117

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.

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August 03, 2018, 04:37:18 AM
 #118

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.
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August 03, 2018, 04:51:24 AM
 #119

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.
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August 03, 2018, 05:48:42 AM
 #120

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.

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