Bitcoin Problems: Lack of regulation creates a risky environment.

[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.

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[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.