Bitcoin must be regulated!

[IndigoRed]

I agree. Only with some level of regulation can mass adoption of bitcoin take place. Regulation could be a good thing. It could mean order and protection. It could ensure a seamless and organized system we all could trust. That’s important, right?

[bitterdog]

This is necesarry now because bitcoin involve huge money and the possibilities is that the bitcoin that we may hold may not have any value any more for its equivalency to fiat money are already secured in the owners system pocket. Our trust is slowly degrading for what we had on the current market even the huge investors are already withdrawing their money on bitcoin. And it does not help with small scale investors so there should be a preventive measure to be undertaken but hey where are the team? Common people like me does not even know who owns bitcoin and who are the team composing of bitcoin. If the system needs advancement they should create a remedial for the current market like having another promotion to get more investors. With the attitude of the market price manipulator right now there is no guarantee that bitcoin market price could recover. There is no action being taken and i do not if the team are so selfish with their business on this system they created. Are they only milking the investors? Obviously if this is their ideals then i will not expect bitcoin will last long.

In some aspect, i think your opinion is still can be considerated again, but if we try to remember what the initial goal of creating bitcoin, bitcoin is built up based on the decentralized system which means there will be no governments or institutions that will regulated bitcoin.

[BIOX]

I strongly believe that BTC shouldn't be regulated. It is a centralized currency and this feature is unique. Of course there should be special laws that can control the usage of BTC in different spheres of our life

[KonstantinosM]

I strongly believe that BTC shouldn't be regulated. It is a centralized currency and this feature is unique. Of course there should be special laws that can control the usage of BTC in different spheres of our life

No, it is a decentralized currency. And bitcoin, like most things is regulated in many ways by many different countries. Under fair regulation practices, bitcoin would thrive, under no regulation bitcoin would thrive and under strict regulation meant to destroy bitcoin, bitcoin would probably survive.

That being said, I don't think bitcoin must be further regulated. It's genuinely too early for that.

[maloibtc]

I can say that btc isn' t regulated now and it is considered its biggest advantage, I don't know whether it is possibe to enjoy the same advantages later if it becomes centralized. That's why i think we need to enjoy it now

[Keyboard PC]

I don't think bitcoin needs regulation too much because for the most important circulation of bitcoin it is purely a movement of buyers and sellers so regulations should not be needed but some countries regulate the circulation of bitcoin.

[saruxanyan]

when something becomes global, it attracts attention from the side! bitcoin has become one of the most popular payment systems! now we are faced with a restriction and with regulation! so that new investors enter the crypto market, then state regulation is necessary! as well as support and legalization of bitcoins all over the world!

[mensahkkofie]

There will surely be a time, when there will be some form of regulations in bitcoin and the various Cryptos. Governments all over the world, always want to have some form of control in almost everything that happens in their country.

[South Park]

You should know the fundamentals of BTC first. BTC is such crypto currency that is not centralized precisely no bank, government or any other institute cannot control it. Only the user has all the control over his own btc .

Exactly people come to this market thinking they are just investing in something that can give them a lot of profits and when that is not the case they begin to ask for regulations, bitcoin not only is a currency it is a tool to resist censorship, if the banks around the world decide that they do not want to deal with you then you had no way to send money all over the world but now bitcoin gives you that chance.

[Dimon 12]

I think btc is evolution) Everything will be changed soon, everything will be regulated and we will see it in the next 10 years! As soon as the last btc is obtained and it settles down) btc will become stable and there will not be such volatility if they want to replace money! I suggest that everyone begin to be preempted to a new reality and find solutions and solutions to problems! We study new conditions)

[lsafronova095]

I am very strange to hear from the author of this post that bitcoin needs to be regulated. This contradicts its main advantage, anonymity and decentralization. You can not bind bitcoin to the chain, this is just what many States want, but you can not do this. All are equal owners of this crypto property.

[abbywem]

This is necesarry now because bitcoin involve huge money and the possibilities is that the bitcoin that we may hold may not have any value any more for its equivalency to fiat money are already secured in the owners system pocket. Our trust is slowly degrading for what we had on the current market even the huge investors are already withdrawing their money on bitcoin. And it does not help with small scale investors so there should be a preventive measure to be undertaken but hey where are the team? Common people like me does not even know who owns bitcoin and who are the team composing of bitcoin. If the system needs advancement they should create a remedial for the current market like having another promotion to get more investors. With the attitude of the market price manipulator right now there is no guarantee that bitcoin market price could recover. There is no action being taken and i do not if the team are so selfish with their business on this system they created. Are they only milking the investors? Obviously if this is their ideals then i will not expect bitcoin will last long.

I hope you don't believe this and are just typing stupid stuff to get your post thread count up.  Why on gods earth do you want regulations.  The big money will flow in just fine once things are more established.  The only reason you want regulations is because that's what the media planted in your head.  They will make sure to keep the market down long enough to have fools like this poster begging for rules so he can have big money bail out his shitty trade. 

[gidaahmad]

Now, every country has different rules for Bitcoin. And of course regulations are made to limit the use of Bitcoin in a country. Bitcoin has not been fully regulated in all countries.

[suzanogbomo]

Bitcoin was designed to be peer-to-peer, away from a central controlling body, regulating bitcoin could suppress the original intent for having it. Government  may tamper with liberty it gives

[Docnaster]

I like the response of the many people here in this thread and basing on the comment i read looks like it is indeed true that bitcoin does not needed any government regulations and we should work on our own not letting the government doing our business. They have no business with our system and that the fact they should not stepped in or if they want to then they should not implement regulations instead they should do a safety measures for the those who invested on bitcoin.

How do you expect Bitcoin to achieve corporate adoption without being approved by the governments? Do you think corporations are rogue entities that like playing around with regulations and participating in greyish behavior? The answer is no. Regulations preceeds corporate adoption, and hence regulation is the key to a much larger market overall. The only people that don't want regulation are the idiots who can't see the bigger picture.

[Sadlife]

Whales aren't withdrawing their just trying to bring the price lower so they can buy and reinvest. There are even price manipulation that is happening in exchanges and cover ups like hacks but the truth is the data breaches is not enough to explain why the price is dumping in a large amount.

[Nurul_]

that's true and I really agree. but until now no one can control or regulate bitcoin. even we cannot predict the movement of the bitcoin price chart bro. therefore it's very difficult to manage bitcoin

[spyda5556]

Ok so first of all I see Bitcoin/ Cryptocurrency as a movement and a revolution. A "smarter" form of currency and blockchain as a technology with wide spread application of use particularly interesting is the system of checks and balances/ record keeping that it creates. I don't believe that cryptocurrency can be stopped its widespread implementation is present and growing and developing all over the world and because of that any entity that resists or delays it's implementation will eventually conform to prevent from becoming obsolete and being left behind in innovation.

[MTNAX]

Are you sure that if bitcoin is regulated the profit of bitcoin will be the same as it is today? I think if bitcoin is properly regulated the profits that we get cannot be maximized, it might be lower than what we get today. We also cannot be free to look for big profits, I don't think bitcoin needs to be regulated if we still want to make a big profit.

[South Park]

I am very strange to hear from the author of this post that bitcoin needs to be regulated. This contradicts its main advantage, anonymity and decentralization. You can not bind bitcoin to the chain, this is just what many States want, but you can not do this. All are equal owners of this crypto property.

The good thing is that no one is going to listen to him, governments are going to try to regulate bitcoin, there is no doubt about it but the developers are never going to change the code to make the life of governments easier and since code is law in this market then it does not matter, but more than ever I really think we need a DEX that works soon, so we can exchange our coins without having to use centralized parties.