RivAngE
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What doesn't kill you, makes you stronger
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February 13, 2019, 10:38:20 AM |
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No matter the regulation, people will keep using it without restriction and there'll always be an illegal use in the dark web. It's the same with fiat money with only difference that in order to use fiat in illegal activities and get away with it, most of the times you need to be rich. What can hopefully get regulated is the price manipulation and the exchanges' responsibilities. - If for example USDT is not regulated, then exchanges can "print" unlimited USDT and buy unlimited BTC.
- If the same person can buy both Futures and actual Bitcoins in unlimited amounts, there's no escaping the price manipulation.
- If exchanges can do whatever they want, putting coins in maintenance out of the blue and calling "oops, we got hacked, bye bye" it's hard for trust to be built
If those 3 points were to be improved, I can see more "classic" investors getting into Bitcoin. By the way... the solutions to all those points are very simple, I've though of doable regulations for all these points. |
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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Perunex
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FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET
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February 13, 2019, 10:47:31 AM |
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Without regulation, Bitcoin will stay somewhere in the dark. Maybe just dark web... For ETF to actually to live, regulation of Bitcoin will be needed.
Regulation is much more appreciated for alt coins, specially new ones. I am waiting for the day when regulator will put the rules out for ICO's and actually confirm tokens as securities. As an investor in an ICO/STO, I would than have an actual legal security. This means no more scams!
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iMark
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February 13, 2019, 10:51:21 AM |
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bitcoin cannot be regulated. only the cryptocurrency indexation and advertisement can be regulated, plus the usage of fiat style token.
bitcoin is defined in its code.
its idiotic that people ask this question at all.
the government does not provide regulations internally, of course it will not be possible, the government will provide regulations outside or around the use of bitcoin. such as the presence of KYC or something like that is a form of regulation that might be applied. it might have a positive and negative effect |
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kaisa
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February 13, 2019, 04:07:57 PM |
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The regulation for bitcoin has three meanings, which are prohibited, legalized, and regulated based on local trade in that country. All of that is to protect consumers from price manipulation, but if it says bitcoin must go down $ 100 then at least the central bank must buy a large amount of bitcoin and then sell at a low price. But not always does the central bank do that, because it will make things worse. The good intention is that the country wants to eliminate market manipulation.
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pawanjain
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February 13, 2019, 04:33:14 PM |
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The reason why bitcoin is still not widely adopted is because it is not legalized in many countries. People tend to avoid using things that are not legal.
Regulation doesn't mean that bitcoin will be centralized but it means that there will be certain rules and restrictions of using it.
This doesn't take away the decentralization concept of bitcoin but it adds certain limitations to it. Also, if regularized, bitcoin will them be legal.
This will then make people to adopt to it and then probably be used throughout the world hence increasing it's price.
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andreibi
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Practising Hebrew before visiting Israel
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February 13, 2019, 04:36:27 PM |
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If you live in a country with a government, you must follow their law and the law is usually comprehensive. You just can't avoid regulation. Your government will implement it.
Beneficial, yes. Because many see it as an improvement and proof to Bitcoin's legitimacy.
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Becky666
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February 13, 2019, 04:47:56 PM |
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Bitcoin has no room for regulation which was the sole aimed of it existence as a decentralized entity. The mainstream of this technology which is Bitcoin was built different from other currencies, that's why its anonymization will reject REGULATION from the government no matter how hard they push. Regulation will be applicable to other cryptocurrencies outside Bitcoin because other currencies has their CEO unlike Bitcoin with a faceless CEO.
But regulation will bring in institutional investors and there will be high in demand which will course the price of Bitcoin to soar. Just my own opinion.
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r_victory
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February 13, 2019, 05:34:06 PM |
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I believe that regulation can be beneficial, many people, for lack of information, somehow find it "illegal," and in the media BTC or other cryptocurrencies are generally seen only as a form of speculation or money laundering. Few see potential as an investment, and perhaps with regulation the investor feels protected and encouraged to enter in this market.
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adzino
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www.Crypto.Games: Multiple coins, multiple games
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February 13, 2019, 08:17:54 PM |
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Depends on what and how bitcoin is going to be regulated. If it brings some strict regulations and imposes policies that favors only the government, then it won't be beneficial to the community. Instead, it will end up being a centralized currency. There will be no difference between other digital currency and bitcoin. Now we don't what that, do we?
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JPSelzer
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World's First Crowd Owned Cryptocurrency Exchange
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February 13, 2019, 09:12:51 PM |
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Regulation can have both good and bad effects. On the one hand, it can attract new users, but on the other hand it can bring strict rules that will create inconvenience for cryptocurrency users.
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PuertoLibre
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February 13, 2019, 09:19:57 PM |
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Once bitcoin may regulated probably it would temporarily fall down the price but in long run it could benefit the investor since there is a regulation that govern in bitcoin.
I don't think so,there is no concrete rule like protecting investors with strict regulatory authorities. Investor confidence index is down since 2017 because of scam issues which mainly happen in ICOs. Regulation will not bring any advantage for crypto community. |
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Xising
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February 13, 2019, 10:25:12 PM
Last edit: February 14, 2019, 12:26:21 PM by Xising |
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Joseph Stiglitz, the Nobel Prize-winning former chief economist of the World Bank, Nouriel Roubini and Kenneth Rogoff were in unity in claiming that Bitcoin’s value could drop to just $100 after being "regulated into oblivion".
However experts from trading platform Blocktrade.com and LoyalCoin stressed that "REGULATION WILL NOT MAKE BITCOIN PLUMMET TO $100. It will not kill off cryptocurrency but will in fact be vital to crypto's growth. It will be essential to the adoption of cryptocurrency on a global scale. And will encourage more businesses to start taking the emerging technology seriously. The key issues affecting cryptocurrency, like security and volatility, can be rectified through regulation". [https://www.businesscloud.co.uk/news/regulation-will-not-make-bitcoin-plummet-to-100]
I've read this somewhere; The currencies that succeed, are not those that circumvent the state, but rather those that are legitimised by the state.
But it is a known fact that, Bitcoin is a decentralized digital currency. Free from government interference and manipulation.
Does this mean that Bitcoin, being the most popular and most sought after cryptocurrency, still cannot be considered a successful currency?
How can regulation help Bitcoin along with other cryptocurrencies? Will it benefit the investors as well?
Your thoughts guys...
For me, I would say it would. Regulation can do a lot of things, and although it can surely tighten or add some sort of processes and mainly red tape to transacting cryptocurrencies, it can also add a protection cushion for those who use it. Part and parcel of regulating something is to protect it. And so, in turn, it's users will also be protected against scams or entities that may want to actually take advantage of others as compared to its current state wherein once something bad happens to you, you can't really run to anyone to seek help. So, I think it would be good. |
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pixie85
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February 13, 2019, 10:57:07 PM |
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Regulation can have both good and bad effects. On the one hand, it can attract new users, but on the other hand it can bring strict rules that will create inconvenience for cryptocurrency users.
It attracts some and scares others away. I don't like KYC and used to run away from exchanges that demanded too much. Some want you to make a selfie holding your ID or some other ridiculous things like going to a video conference with them to prove that it's you. I have not been asked for such things when I opened a bank account and suddenly exchanges are starting to demand it. |
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Indrawan77
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February 13, 2019, 11:31:45 PM |
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It will be depending on how strict will be the regulations, the regulations could attract more adoption, and in some case it could make the investors feel more secure about investing in bitcoin, to be honest we don't need any interference from the government, but bitcoin popularity already so big, so in order to grow bigger we need the government permit, actually bitcoin will grow better without any regulation
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shesheboy
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February 13, 2019, 11:44:30 PM |
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It will be depending on how strict will be the regulations, the regulations could attract more adoption, and in some case it could make the investors feel more secure about investing in bitcoin, to be honest we don't need any interference from the government, but bitcoin popularity already so big, so in order to grow bigger we need the government permit, actually bitcoin will grow better without any regulation
It will be depending on how strict will be the regulations
whenever i hear the word regulation , the first thing that comes thru my mind is strict rules . im sure that other's also feel the same . the regulations could attract more adoption, and in some case it could make the investors feel more secure about investing in bitcoin
yes i agree on this but many users dont also like regulation and that include's me . i guess other's will switch on unregulated crypto's if ever btc could finally be regulated . we don't need any interference from the government, but bitcoin popularity already so big, so in order to grow bigger we need the government permit, actually bitcoin will grow better without any regulation
given that bitcoin popularity is already big ,then why would we still need a regulation? bitcoin can still grow on its own without these help of governments . it just need to take some adequate time . |
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Bijikopi
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February 14, 2019, 12:04:40 AM |
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regulation is one form of recognition of a country on the product or currency that enters the country, obviously this is a huge advantage because bitcoin has been recognized in countries that implement the education. about the provisions usually in each country is different, if the country has supported then there will be convenience that we can use to use bitcoin in every sale transaction, but if the country rejects bitcoin as a currency then we can still use bitcoin as an asset.
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deppil
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February 14, 2019, 01:07:10 AM |
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Depends on what and how bitcoin is going to be regulated. If it brings some strict regulations and imposes policies that favors only the government, then it won't be beneficial to the community. Instead, it will end up being a centralized currency. There will be no difference between other digital currency and bitcoin. Now we don't what that, do we?
Yeah it depends on some aspects such as what rules the government makes, when there are limitations in usage, maybe it will be detrimental to investors and users. but for required data verification, some users may still approve it, as long as bitcoin is legalized and many merchants will accept it, so that bitcoin is easy to use, its not a problem |
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KingScorpio
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February 14, 2019, 01:21:51 AM |
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bitcoin cannot be regulated. only the cryptocurrency indexation and advertisement can be regulated, plus the usage of fiat style token.
bitcoin is defined in its code.
its idiotic that people ask this question at all.
the government does not provide regulations internally, of course it will not be possible, the government will provide regulations outside or around the use of bitcoin. such as the presence of KYC or something like that is a form of regulation that might be applied. it might have a positive and negative effect regulation cant be applied on bitcoin, how? can you explain me that detailed? and why should anyone have an interest upkeeping a regulation on "bitcoin" upkeeping regulation has costs. this forum is full of noobs that have no idea how the world works |
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alonelyorange
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February 14, 2019, 01:48:14 AM |
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Regulation will give limited space for bitcoin and become not profitable when bitcoin could growing up, when have regulation bitcoin always at the same price and investor could not take profit more than 100% at the next time.
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KingScorpio
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February 14, 2019, 02:07:20 AM |
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Regulation will give limited space for bitcoin and become not profitable when bitcoin could growing up, when have regulation bitcoin always at the same price and investor could not take profit more than 100% at the next time.
give me one concrete example how to regulate bitcoin? you want policement to lie publicly to everyone that its regulated? everyone with mind knows its not egalitarian. its a powergrapsh and grasp for consumption capacities by concrete group of technicians. in a time where there are a lot of abundand offered goods, but now a lot of people want to do that. and now they protect bitcoin with a corrupt cryptocurrency index. |
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