Can REGULATION Really Be Beneficial to Bitcoin?

[deppil]

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

I think you have read it dude, regulations are given only to centralized products, while decentralized technology, regulation will not be able to be applied as a whole, even if you do not follow the rules and regulations, you can still use bitcoin? what I mean is that regulation can be done outside of the bitcoin system itself

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[killat]

In theory yes, practically we shall see. Regulation will bring nore institutional investors and this should be beneficial for btc's price.

Some people already claiming this might spark a bull run. The desperation is real. But many big companies have already adopted blockchain and are heavily invested in the technology, and prices have continued to plunge.

[marcbitcoins]

For me in talking of Bitcoin alone then of course it will harm the market as legitimacy of the crypto users will be checked well making the illegal people to stay away from Bitcoin. These illegal people are using Bitcoin to hide their dirty money in which it will help to make the Bitcoin price to soar high but in talking of government then of course it will just making its people safe which is also considered  beneficial.

[KingScorpio]

To put it as short as possible. Regulation could decrease scams and increase trust

well jes but thats not regulating bitcoin thats regulating cryptos and ICOs

i have no problem with that, if its not going to be abused by billionaires to establish perfectionistic standards i cant pay for.

i still didnt got a single example how you want to regulate "bitcoin"

regards

[farosa]

Can REGULATION Really Be Beneficial to Bitcoin?

I think I am not in favor of that. But, its acceptance is also close to the impossibility of such volatile prices.

how to regulate your "beloved" Bitcoin

I think we can call it "limitation". If governments make a decision for exchanges and if they use the limit for BTC exchange in this decision?

[Ucy]

This is a bit scary to read. How will they even regulate Bitcoin?
 I thought Bitcoin was created to bypass the middlemen and such regulations? Well, what can I say.
All i know Is  that government regulation will render Bitcoin  useless. It will automaticay become another fiat currency

[xabre]

Bitcoin need space where could be free how ever bitcoin price, when bitcoin really at lower and dump we don't take regulation for bitcoin never be at lower price, we have keep bitcoin always free how ever price, when higher we can start selling but when bitcoin down we can re investing and buy back, its the way how to make bitcoin can be free without have regulation from any one or government.

[jrrsparkles]

This is a bit scary to read. How will they even regulate Bitcoin?
 I thought Bitcoin was created to bypass the middlemen and such regulations? Well, what can I say.
All i know Is  that government regulation will render Bitcoin  useless. It will automaticay become another fiat currency

The fact is they can't they just will ask for tax and don't worry what these currencies were using for,already fiat is controlled by government but still all the crimes were happening with the payment of those currencies so there is no regulation needed to make the nation crime free,they just have to make good good plan for ruling their country.

[mitchr4]

We do not know the true impact of what will happen if indeed there is a regulation on bitcoin. It will not be beneficial but I think that will have a negative impact on the use of Bitcoin which can be limited and can also have an impact on its value.

[meanwords]

In my opinion, the regulation would help Bitcoin grow even further. Yes, it is a decentralized currency but that doesn't guarantee anything even if it is being used by many. Regulations would really help investors and users alike to clear some of their fears when using Bitcoin

[Kocret02]

Bitcoin is still one of the most popular digital currencies in the world. maybe now the regulation can provide the benefits of bitcoin as long as the regulation really facilitates bitcoin and other cryptocurrency. so I think this is a good step for bitcoin.

[FlightyPouch]

Bitcoin is still one of the most popular digital currencies in the world. maybe now the regulation can provide the benefits of bitcoin as long as the regulation really facilitates bitcoin and other cryptocurrency. so I think this is a good step for bitcoin.

Bitcoin is the most popular crypto currency in the world and no other crypto currency will ever surpass it. Bitcoin and I think other crypto currencies are legal in our country but I think only us, a small number of people are using it since we are a third world country. No one really uses it since only a few people know it and capable of using it.

[Sithawaka]

If Bitcoin had to go under regulations in order to be formalized and accepted by countries and there low I think it can be considered as important because one of the main reason why bitcoin haven't expanded and accepted by governments is because Bitcoin is considered as a uncontrollable asset which makes many politicians afraid to legalize it so Going under regulations to make it acceptable is certainly a good thing

[Altero]

This is a bit scary to read. How will they even regulate Bitcoin?
 I thought Bitcoin was created to bypass the middlemen and such regulations? Well, what can I say.
All i know Is  that government regulation will render Bitcoin  useless. It will automaticay become another fiat currency

That's the reason why many aren't much interested to be regulated and it have less support from the community. But we can't deny also that it could help to minimize fake projects and a way to be trusted by many investors. I know there is a huge change in prices once regulated and may taxes will strictly imposed but there is no need to worry for that cause it only give us benefits in return.

[sehoon]

Is there even any possibility that it could get regulated by any countries? Bitcoin can always be used in the underground world and can be used in the mainstream world. And if we are going to talk about whether it is going to be beneficial to bitcoin, I don't think that something is going to be guaranteed. But I think bitcoin is still going to be volatile.

[H1N1]

Regulation maybe can be beneficial in bitcoin or cryprtocurrency. But we don't know if later the regulation can make limit of crypto users or not.
As long the users of crypto can using their coins with fully function, then it will be good. The regulation doesn't always bad, sometimes it give advantages to the users.

[gabmen]

Regulation maybe can be beneficial in bitcoin or cryprtocurrency. But we don't know if later the regulation can make limit of crypto users or not.
As long the users of crypto can using their coins with fully function, then it will be good. The regulation doesn't always bad, sometimes it give advantages to the users.

Well of course there would be compromise if ever crypto will be regulated. But for me, regulation adds security to users and it leads to confidence in investors. Yes anonymity is good, but security can easily be compromised by hackers and scammers who by the way, are getting better as the years go by.

[niceboy999]

Regulation can create demand for bitcoins. By making them a means of paying taxes or closing major financial transactions, it provides legitimacy to the currency. That naturally diffuses knowledge, familiarity and demand for bitcoins across a wider swathe of people, breeding acceptance. This is essential. This increased demand in turn can help manage the volatile swings that typify bitcoin today. The currency’s volatility may be loved by speculators looking to claw profits, but businesses still file tax returns and accounts in dollars, euros and other mainstream currencies.

[Sithawaka]

Regulation can create demand for bitcoins. By making them a means of paying taxes or closing major financial transactions, it provides legitimacy to the currency. That naturally diffuses knowledge, familiarity and demand for bitcoins across a wider swathe of people, breeding acceptance. This is essential. This increased demand in turn can help manage the volatile swings that typify bitcoin today. The currency’s volatility may be loved by speculators looking to claw profits, but businesses still file tax returns and accounts in dollars, euros and other mainstream currencies.

Making regulations might Bitcoin stay and work within a frame work and also it might makes some limitations for its users but any way regulations are essential for Bitcoin in order for it to be formalized and accepted by countries as a currency and one of the main reason why bitcoin haven't expanded and accepted by governments is because Bitcoin is considered as a uncontrollable asset which makes many politicians afraid to legalize it so Going under regulations to make it acceptable is certainly a good thing

[KingScorpio]

Can REGULATION Really Be Beneficial to Bitcoin?

I think I am not in favor of that. But, its acceptance is also close to the impossibility of such volatile prices.

how to regulate your "beloved" Bitcoin

I think we can call it "limitation". If governments make a decision for exchanges and if they use the limit for BTC exchange in this decision?

limiting the amount of Bitcoin exchanges or quantities of Bitcoin used in exchanges,

well thats utterly useless

because the exchanges are in the internet, and are difficult to controll, so there is nothing that can be done about that.

and it would be an insignificant regulation, since it is still not benefiting labourers or companies, or social structures development.

-> another proof you bitcoiners are all just talking nonsense and have no idea about the deeper consequences of what you are talking about.

you know how regulation works:

it works with fear, the banks are regulated they have to do a swearing that they try to achieve certain goals, and have to calculate anytime with the police prosecuting them, thats how a state regulation works, how to apply something like that on bitcoin?