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Author Topic: Bitcoin Breaks Out to Recent Highs as Regulatory Concerns Diminish  (Read 125 times)
FXTradingPro (OP)
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July 25, 2018, 01:12:34 AM
 #1

Bitcoin price breaks out from a recent trading range. Part of the reason for the breakout is that we are starting to see a clearer regulatory picture when it comes to crypto.

https://forexmarketslive.com/bitcoin-breaks-out-to-recent-highs-as-regulatory-concerns-diminish/
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July 27, 2018, 01:54:36 PM
 #2

Yeah the progress so far is not far from the regulation news around. And I'm beginning to think that the out of August will be positive for cryptocurrency.

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hugeblack
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July 30, 2018, 12:27:25 PM
 #3

Regulation will make Bitcoin more stable and less prone to extreme fluctuations.
The recent highs could be due to optimism over the rise of bitcoin over the essence of the news "Bitcoin ETF or regulation."
Since the beginning of this year, there has been a lot of negative news, so the price rebounded quickly as soon as the optimism of the price rise, and therefore the price dropped when there were rumors of a decline in price "ETF rejects."

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July 30, 2018, 01:11:27 PM
 #4

Regulation will make Bitcoin more stable and less prone to extreme fluctuations.

Mind explaining how exactly?

Great example of how regulations aren't very effective when it comes to avoiding fluctuations, are the flashy tech stocks such as Facebook, Tesla, AMD, etc.

The only reason why they don't fluctuate as severely as Bitcoin, comes from the available liquidity, but even that liquidity wasn't enough to prevent Facebook from tanking ~20% in a matter of hours, making it lose $120 billion in market cap value. Even Wall Street itself was shocked about what happened since it is the first time a stock lost that much value that quickly.

All these articles stating that the relatively mild fluctuations of this year are due to regulations are straight bs. We have had even more stable phases back in 2015 and 2016 and there were no regulations back then. Roll Eyes
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July 30, 2018, 01:34:13 PM
 #5

Mind explaining how exactly?

One possible reason I see would be the entry of institutional money. Lack of clarity in regulation is always cited as one of their concerns about entering the market. Some average joes may also share that concern.

If we assume that clearer regulations would alleviate these concerns, it could very well lead to a bigger market, which is usually more stable. Lots of theoreticals in there, but I personally believe it to be very plausible.

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July 30, 2018, 02:04:22 PM
 #6

Mind explaining how exactly?
For example but not limited to:

 1. Effect on demand: Just like what happens with gold governments can impose a lot of restrictions before buying.
 2. Minimize excessive enthusiasm: Control of news affects supply and demand directly and hence the price. Governments can also intervene to buy large quantities that create stability.
 3. Highlight Price: I believe there is a price manipulation that has enabled Bitcoin to reach $ 19,000 if Bitcoin regulated we will not see you like those heights.

I'm not saying that regulations make Bitcoin stablecoin but will not repeat what happened at the end of 2017.

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July 30, 2018, 03:50:55 PM
 #7

Mind explaining how exactly?
For example but not limited to:

 1. Effect on demand: Just like what happens with gold governments can impose a lot of restrictions before buying.
 2. Minimize excessive enthusiasm: Control of news affects supply and demand directly and hence the price. Governments can also intervene to buy large quantities that create stability.
 3. Highlight Price: I believe there is a price manipulation that has enabled Bitcoin to reach $ 19,000 if Bitcoin regulated we will not see you like those heights.

I'm not saying that regulations make Bitcoin stablecoin but will not repeat what happened at the end of 2017.

I think you are overestimating the amount of control a government can exercise on price levels and arguably even on market manipulation. Sure, the latter might become less brazen but I doubt it'll ever be gone for good, especially in a globalized market such as ours.

I do think a clearer regulatory framework could lead to an increase of stability by virtue of increased liquidity alone, but I doubt Bitcoin will reach the stability (or, "stability", depending on how look at it) of blue chip stocks anytime soon though.

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July 30, 2018, 05:38:51 PM
 #8

Regulation will make Bitcoin more stable and less prone to extreme fluctuations.

Mind explaining how exactly?

Great example of how regulations aren't very effective when it comes to avoiding fluctuations, are the flashy tech stocks such as Facebook, Tesla, AMD, etc.

The only reason why they don't fluctuate as severely as Bitcoin, comes from the available liquidity, but even that liquidity wasn't enough to prevent Facebook from tanking ~20% in a matter of hours, making it lose $120 billion in market cap value. Even Wall Street itself was shocked about what happened since it is the first time a stock lost that much value that quickly.

All these articles stating that the relatively mild fluctuations of this year are due to regulations are straight bs. We have had even more stable phases back in 2015 and 2016 and there were no regulations back then. Roll Eyes
Well said and i dont know why some people do tell or say that regulation will make bitcoin for its price to be stable and less prone to extreme fluctations?
There would be no such changes regulated/accepted or not, price volatility would be still the same. This is why institutional investors wont really easily make decision if they would decide to
get in or not because of the things they do saw about fast incoming and outgoing of billions of dollars in a short span of time.

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July 30, 2018, 07:15:36 PM
 #9

Regulation will make Bitcoin more stable and less prone to extreme fluctuations.

Mind explaining how exactly?

Great example of how regulations aren't very effective when it comes to avoiding fluctuations, are the flashy tech stocks such as Facebook, Tesla, AMD, etc.

The only reason why they don't fluctuate as severely as Bitcoin, comes from the available liquidity, but even that liquidity wasn't enough to prevent Facebook from tanking ~20% in a matter of hours, making it lose $120 billion in market cap value. Even Wall Street itself was shocked about what happened since it is the first time a stock lost that much value that quickly.

All these articles stating that the relatively mild fluctuations of this year are due to regulations are straight bs. We have had even more stable phases back in 2015 and 2016 and there were no regulations back then. Roll Eyes
I won't disagree with you that they don't fluctuate as much but they still do, just recently we saw that Facebook dropped down from 20% of its value even with a good earning report this shows that even tech companies are affected with the fluctuation. What a regulated market would look like is it will bring more control in the market. For example if the market is panicking they can order the exchanges to halt all kinds of trading and order them back in to resume trading when the panic has died down, this would look like it is bad but a market panicking is more bad to the economy.
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August 01, 2018, 05:03:18 PM
 #10

In order to understand why regulations don't matter in this specific case, we have to look at how fundamentally broken and amateur-lead all the current exchanges are.

It's not that institutions are waiting for regulations and clarity to start digging into this market. JPMorgan as largest bank in the world has already bought Bitcoin for some of its clients, but through private deals. Other larger parties such as Goldman Sachs have done it too, again through private deals. It's a lack of trust and professionalism that makes them avoid dealing with exchanges. I can't blame them for that since I don't trust any exchange either.

The only way for institutions to really enter this space and provide much needed liquidity is to have other institutions operate an exchange, or wait for Nasdaq or NYSE to open up and allow Bitcoin to become a tradable asset, which might take years.

The liquidity ratio today is exactly the same as how it was back in early 2013 when I bought my first coins.
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