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.