Adoption or Regulations why way is better for bitcoin ?

[sandraonas]

There has been so much FUD/FOMO lately about the bitcoin ETF proposals, debates on its merits and demerits,  it makes me wonder. What is actually better for bitcoin, Is it some form of government regulations like ETF approvals or Gradual mass adoption of cryptos in general?  What's your take?

[Herlina]

There has been so much FUD/FOMO lately about the bitcoin ETF proposals, debates on its merits and demerits,  it makes me wonder. What is actually better for bitcoin, Is it some form of government regulations like ETF approvals or Gradual mass adoption of cryptos in general?  What's your take?

Bitcoin ETF proposal is an effort to increase Bitcoin adoption among investors and the gradual adoption of Bitcoin, in general, is the result obtained from various efforts, I can't compare it because efforts and results are two interrelated things

[avikz]

There has been so much FUD/FOMO lately about the bitcoin ETF proposals, debates on its merits and demerits,  it makes me wonder. What is actually better for bitcoin, Is it some form of government regulations like ETF approvals or Gradual mass adoption of cryptos in general?  What's your take?

Adoption is way better than regulation for cryptos. If adoption rate increases, regulations will follow. But if regulation jumps into forefront, adoption rate may or may not slow down. However, adoption here means mass adoption by the general people like us and not by the corporates. If we see a big corporate adopting cryptos strictly for other institutional investors, it may not have much impact on the market. The better impact will happen when we will see bitcoin or other cryptos are accepted in the general stores and small service providers. It will make bigger impact on the crypto market.

For the same reason, I don't have much hope on the proposed bitcoin ETFs which is pending for decision by SEC. These are made only for large institutional investors and not for common mass like us!

[virendarnagpal]

Every thing in this world has merits and demerits.  Every coin has two sides.  Every day has a night.  Dark after light and light after a dark.

So much regulations will definitely destroy anything like communist countries' economy was destroyed  few years back.  But there is none economy where nil regulation is there. 

Open countries like USA England etc also have certain regulations. 

It is better if the bitcoin is adopted by the masses and has minor regulations.

[Proo1947]

The adaptation is much better. Putting more regulations feels like the market is depriving the people from their own free will.

[pakhitheboss]

Adoption of Bitcoin is far much better than regulation. With regulation the chance of Bitcoins mass adoption will get saturated. Regulation will basically enable goverment to control crypto market to a certain extent.
But at the moment when you check the market you will see a lot of manipulation going on to control the price. regulation will remove that issue.
But if there is a mass adoption of Bitcoin and Alt coins then it will not be possible to create manipulation in the market.
This is my view, i may be wrong..

[Getmon]

The truth is that even if we are proclaiming to be pro-Bitcoin or cryptocurrency, only a handful can only say that they are anti-government to the point of saying that Bitcoin or cryptocurrency should go all-out against it. Only a few among us can say without flinching that whether or not the SEC would approve the ETF, they do not care a little. At the end of the day, we still want the governments and their agencies to acknowledge Bitcoin or crypto even if we do not agree with them trying to send the signal that they are more powerful.

[ice18]

Bitcoin and other cryptocurrencies needs to be regulated first inorder that adoption will going smooth many people think that crypto is just a scheme and not to be trusted as it is illegal like other countries stated but if it will be regulated then we can see the mass adoption will be fast.  

[libert19]

Some people consider Bitcoin as illegal, regulations will bring sense of security to masses, regulated thing can't be illegal.

[kasurnya]

The adaptation is much better. Putting more regulations feels like the market is depriving the people from their own free will.

absolutely right, isn't bitcoin created so that no third party interferes in the transaction.
but if that is only a tax regulation from the bitcoin holder I think that doesn't matter.

[davis196]

You can't compare adoption to regulation.It's like comparing apples with bananas.
Regulation means RULES,while adoption means USAGE of cryptocurrencies in daily life.
The rules can influence the usage of crypto in a good or in a bad way.You can't compare two things,if the first has impact over the second thing.

[btyco]

The ETF isn't a government related affair, but it will allow institutional investors to participate in bitcoin trading. Regulation will help mainstream adoption by providing a legal framework so really both is needed to succeed

[Rojer1928]

see the adaptation of bitcoin and cryptocurrency
much better. Placing more rules and people will be arranged then we can see the future adoption

[spadaccino]

Right now it's the only option I see for it to be stabilised. I mean com on, you can't be serious to start making think it's the same curriency as Fiat when you look at the chart..
Who the stupid will think it can be spent in a daylife situation?

Others might say it's a Scam, but all we need it to get more money in , and we need country to start stabilise by legalise it.

[Nguyen Anh Quan]

Some people consider Bitcoin as illegal, regulations will bring sense of security to masses, regulated thing can't be illegal.

[SyrulRamadhan]

I don't know what a big impact it will have on crypto if bitcoin ETFs are approved but what I think is now that bitcoin needs good news from ETF proposals to make the price rise again

[Nnedaddy1]

Both adoption and regulation in this order is good for the overall success and continous growth of cryptocurrencies.
More user participation would increase adoption and regulation will build trust and confidence.

[bitfocus]

Mass adoption is the key

[bob123]

Definitely adoption.

Bitcoin never was meant to be regulated by the government.
Satoshi created bitcoin as a currency to be independent from any government or governmental regulated financial system.

Regulations may bring in new investors. This might drive up the price (short term). But for bitcoin to really succeed and be an established currency around the world, mass adoption is needed.
Regulations can help here, but are definitely not required.

Adoption without regulation can work pretty well. But regulation without adoption won't let bitcoin succeed in the long term.

[ArmanShirinyan]

From economical asset perspective of course it is better for bitcoin to be adopted from the side of regulations, ETF`s etc. But from the perspective of a technology it would be better for goverment to leave crypto alone