Bitcoin must be regulated!

[jwcastle]

In my opinion for Bitcoin to go mainstream, it has to be regulated in some way. The average consumer barely understands the risks of using electronic money transfer services like Venmo, Zelle, Square, and the likes. With those services if you mistype a phone number or email address, it's very difficult to get your money back. And these services are part of banks that's under FDIC jurisdiction. Imagine if Bitcoin went mainstream without any regulations to protect the average consumer. People would be losing their Bitcoins everywhere! Obviously if you are reading this forum, you're not the average consumer. Think the average consumer as your grandma who still uses a flip phone.

[godfredmanu]

It won't be easy bitcoins to be regulated due to the the unknown transactions pointing to a particular entity. However if it can be regulated by security and exchange commissions as part of regulations in the stock and fx market, then bitcoins can become a  mainstream investment asset.

[pltgksl]

regulatation of which part of BTC? technology, conditions, rules, legals...

[bangkecol]

regulatation of which part of BTC? technology, conditions, rules, legals...

Much needs to be done to get acceptance from each country, primarily a clear regulation. And there is a section to control the circulation of bitcoin. This is what is still in the debate stage.

[yousuf5]

When Bitcoin is set by the government, it will be subject to regulatory restrictions by the government, which may lose some of Bitcoin's features. But I think one day Bitcoin will do this so that it can be accepted by the government, so that it can be used extensively, trust of people in it and business turnover will increase, ICOs will more fair and transparent, scams will decrease. That's why as I mentioned earlier whole the market should be strongly regulated.

[ETHtotheMOON1]

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.

sayings like your trust is slowly withdrawing and all investors feel the same is not true. Again just an emotional useless post from someone who has zero understanding of the market

[Okky ID]

Discussing about things like this will never end and get no result. We know that the nature of Bitcoin to be decentralized and no one can regulate it. When someone or an organization, or a country can regulate it, the originality or characteristic of Bitcoin will be over. So, what can be regulated? Who can use the Bitcoin, How to use the Bitcoin, and Where to use the Bitcoin. Those things are possible to regulate, but Bitcoin cannot.    

[untugede]

Isn't decentralized bitcoin that cannot be regulated by anyone, even the government will not be able to regulate it, it is the trust of many people who will be able to increase the return of bitcoin prices, and more and more people doubt the rising price of bitcoin, and the number of people who panic and sell some bitcoin they have will continue to make bitcoin reduce its price.

[anrian062]

I think that OP is pointing for "bitcoin to accepted in world(or some) government". With this point i think it is possible to achieve, even more it will become a huge advantage in this decentralized system. Bitcoin regulation in the way how to get, keep it safe and payment medium.

But. To regulate the core of bitcoin is nonsense.

[alexgreen8012]

The main foundation principle of bitcoin was decentralization and no regulation but looking at the current market manipulations and huge money involved, it seems regulation is imminent else small investors will incur huge losses regularly.

[dsaijz03]

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.

Eventhough there is no clear team behind bitcoin, it won’t fall down because of many people holds bitcoin. Nobody owns bitcoin nor it is controlled by somebody or government, it has it’s own market that bitcoin circulates and used by many users around the world and that is why bitcoin will not perish like a bubble.

[HeXecutor]

It seems to me somewhat stupid all the arguments about whether it is necessary to regulate bitcoin or not. It is necessary to realize the fact that bitcoin is almost impossible to control ... in this there is a sense of decentralization. So I'm getting a little ridiculous on this topic ... it's just fantasies that have nothing to do with reality

[Catch-22]

I wholeheartedly agree with this statement. Bitcoin must be regulated. It really depend on how a person defines regulation. For me, it’s just recognition by central banks and protection from scammers. Bitcoin will not become mainstream without regulations.

[RohiGabriel12]

There would be a negative and positive side of regulating Bitcoin. In the positive side atleast the people who are using this currency can be more secured in terms of liquidating it as an asset. However on the negative side, government may put too tax and lose what we can still benefit from it at this moment.

[Agnusdei12]

Regulating bitcoin had a good effect. This can be a form of acceptance in making digital money of a world currency as part of globalization. Bitcoins can now be liquidated and people who invest and use bitcoin or any crytocurrencies may now be protected by banks and government.

[Lazada]

Regulating Bitcoin is a must. If we just stay silent and Bitcoin doesn't get regulation then the development of digital currency can stop.
Regulations carried out by the government will also be very necessary because without regulations governing the circulation of Bitcoin, the price of Bitcoin will continue to experience price volatility.

[beniesyde]

How do you regulate it? if you do not ask that it be centralized, like fiat.
Centralizing Bitcoin will make it useless. we need regulation to monitor each bitmoin diagram and minimize the bitmo's criminal action, rather than stop high volatility or eliminate risk. and this is impossible.

By the way, if you are familiar with the stock market, you will find out that bitkoyn also fluctuates, and does better than many regulated stocks.
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[tokenjob]

BTC is impossible to be regulated because it is operated in a decentralised system, not on a centralized one.

[ZazaG7]

Looks like the value drop has you frightened a bit! No nation/legislative element could direct Bitcoin itself. They are attempting to, however the main thing they can do is manage how you get Bitcoin. We've seen this officially through KYC and different trades constraining this upon the clients. Be that as it may, too bad, Bitcoin really couldn't be directed. There is no chance to get for an element to "kill" Bitcoin as they improve the situation the share trading system when the cost is falling. Try not to try and stress over the cost, only hodl on. We will go bring down for the time being, yet long haul is still extremely bullish.

[rahimali]

BTC does not need to be regulated. There can be made certain adaptations but regulating is an impossible feat.