Regulations only for BTC to increase in FIAT value?

[alonelyorange]

Bitcoin is the mother of altcoin will be have positive effect for all of altcoin price if bitcoin have regulated and allowed in many country for transaction payment,by allowing bitcoin as transaction payment will be more easy to get much profit with altcoin.

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[Spaffin]

the talks about regulations and the way certain people think it is positive have only started in 2018 when price was going down  and everyone was becoming desperate thinking there is no way price can go up because it was the first time they were seeing a bubble. so they started looking for excuses that may increase the price, including regulations, ETF, SEC approval in general and a lot of silly things like that.

the fact is bitcoin was created in a decentralized way and its whole purpose is to not need any kind of regulations by any government in the world. so it is meaningless to talk about I!
at the same time regulations can affect the adoption and consequently the price of bitcoin. we have seen different cases of it. for example the Indian and Chinese restrictive regulations have slowed down the adoption while being incapable of stopping it and at the same time Japanese and... regulations have helped speed up the adoption and contributed to the huge rise of 2017.

If we speak of Bitcoin as money, and with a price that is thousands of times higher than any national money, no state can stand aside from the process of their circulation. The state will be forced to either ban them if they see a threat to their economy in them, or allow its circulation on its own terms. There is no third. If you try to resist this, the state will declare you a criminal, and you will be in prison. Therefore, it would be best if the state officially determines the legal status of cryptocurrency and the conditions for its circulation in the state. With such regulation, the cryptocurrency will be able to develop further, it will be able to spread to business areas, without regulating the business structure they will be afraid to use cryptocurrency.

[Ains_sama]

it is absolutely true that bitcoin should not need to be regulated by other parties or the government, and maybe the rules only aim at security.

[Ridwan Fauzi]

If you really newbie to this field, then you will feel when you intend to invest in bitcoin. The first thing thay you will consider is legality of bitcoin in your country, I confidence this thing is so important for you to know because this will make you comfortable when you invested it wuthout any fears to the government regulation next.

I found many times when invest in bitcoin then the goverment regulation are the most information that I waiting for especially in my country. You may right for those investors will have a purpose to it, goverment accept bitcoin and the price soar and make them reach. But in other side the regulation will make you believe to the bitcoin and have a confidence when the price goes down.

[senin]

Without regulation from the states that simultaneously legitimize their circulation in this state, the cryptocurrency simply cannot continue to develop. It will continue to be basically a speculative means, not a means of payment. In order for a cryptocurrency to be accepted for payment in various outlets, the state must create an appropriate legal framework, and this is achieved simultaneously with its regulation.

[Herbert2020]

Without regulation from the states that simultaneously legitimize their circulation in this state, the cryptocurrency simply cannot continue to develop. It will continue to be basically a speculative means, not a means of payment. In order for a cryptocurrency to be accepted for payment in various outlets, the state must create an appropriate legal framework, and this is achieved simultaneously with its regulation.

but so far the only things regulation in most countries have done was to impose hardship to adoption by taking outrageous taxes and add lots of limitations. not to mention that bitcoin is decentralized and it should always thrive no matter what the government says you should or shouldn't do with it. that is the whole point of creating bitcoin this way in first place.

[Harris Stevens]

The main reason is for the bitcoin to be adopted more easily as the government provides every individual to have a fall back by regulations rather than losing or being scammed as it is considered to be tech savy for laymens

[Noa_Amable]

Hi all!

People in this forum and in many other discussions are fast to talk about the 'need for regulations'.

Most of the times it is in connection to mass adoption and for price speculation ideas.

Is regulations really only for Bitcoin to increase in price? What about the whole idea about a P2P currency without governments and banks being involved as a middle man .... Regulations issued by authorities, is that not only for the old system to take control of this emerging p2p currency market? I dont know but why should Bitcoin be regulated by governments and other authorities according to you?

adoption and regulation is needed not only for price hike but also for its wide usage!
remember that

[Siren]

Dont know why people do forces out that thing about Bitcoin replacing Fiat yet this thing wont really happen even on our dreams.Traditional market would retain and as long there are
governments who do hold up, they wont really let those things to happen thats why dont really expect that this scenario would be plausible.Sad to say but in further for bitcoin to be recognized, regulation
is one of the ways.

Agreed on that mate,bitcoin will be the future currency but Fiat of paper money will remain as traditional transactions are in need of this mode of Payments

And besides cryptocurrencies needs being online means internet and electricity must be in action for the transactions be succeeded while traditional will not.regulation can be done for recognition but with our concent as crypto community,so the people of the government cannot take advantage of the situation

[timerland]

Hi all!

People in this forum and in many other discussions are fast to talk about the 'need for regulations'.

Most of the times it is in connection to mass adoption and for price speculation ideas.

Is regulations really only for Bitcoin to increase in price? What about the whole idea about a P2P currency without governments and banks being involved as a middle man .... Regulations issued by authorities, is that not only for the old system to take control of this emerging p2p currency market? I dont know but why should Bitcoin be regulated by governments and other authorities according to you?

No. Not all regulation is good, first of all. You could have regulation that essentially makes it extremely difficult for people to use bitcoin or use it to transact, which obviously hinders the growth of the network in certain countries.

Secondly, regulation doesn't mean that banks or governments become middlemen. The regulations are placed on third parties who use bitcoin as a means of exchange, not on the network itself. Since it is decentralized there is really no way of actually doing this, even if governments tried.

Positive regulation in a specific context that encourages businesses to adopt bitcoin, or to give out licenses to businesses could be beneficial, and as a result, lead to the value of BTC increasing in the short term as the markets generally over-respond. However, short term rise in value isn't the ultimate objective whatsoever.

[jademaxsuy]

Yeah it is a good thought of yours to regulate the p2p transactions to get away from using banks and other third party services. However, we should start first in bitcoin and later on we will be able to reach that point the same as with the other crypto especially if they will also submit an application for regulation and for adaption.

Though we know that it is not easy to meet the requirements but if this will push through then doing transactions using the P2P scheme would b e great and easy.

[bitcoin-shark]

i will always be against the regulation of the btc, is born to be anonymous, and i don't think it would influence its value in any way...

[Ezenwanyi]

I believe when we talk about regulation of bitcoin, we are talking about regulation of the whole cryptocurrency structure and not only about price stability as insinuated.
Icos can be regulated.
Cryptocurrency exchanges can also be regulated.
So it's not all about price.

[shoreno]

regulation can stabilize the value of btc  . so no ,  but regulation isnt only meant for this purpose  .  regulation also helps reduce scamming and other frauds  . this could be better done on ico and other crypto coins that are not yet established because this can give them a credibility .  regulation also helps people to gain trust and if they have trusted the project , more people are expected to invest  . this helps out the adoption to grow  .

regulation is trully beneficial but it think this kills the real purspose of cryptos which is being decentralized  .

[maldini]

Surely the price will soar higher, simply when bitcoin becomes a government authority means that the government has directly supported bitcoin and the public will start to know bitcoin. Bitcoin is more controlled, and crime can be minimized

[Ipwich]

Surely the price will soar higher, simply when bitcoin becomes a government authority means that the government has directly supported bitcoin and the public will start to know bitcoin. Bitcoin is more controlled, and crime can be minimized

That cannot be assured, it depends on the type of regulation, if this will not be approve by the community
because such regulation is not pro crypto, I doubt it will result to a positive effect in the price of bitcoin. Not because it's regulated
price will rise automatically, that always depends on the law within the regulation.

[Snaic]

i will always be against the regulation of the btc, is born to be anonymous, and i don't think it would influence its value in any way...

Regulation of Bitcoin and other cryptocurrencies is necessary for the cryptocurrency to continue to evolve. Bitcoin can do without regulation and legalization on the part of states, however, it will remain at the level of its use by individual citizens. For the mass adoption and use of the regulation is necessary. It is not necessary that the cryptocurrency will lose its anonymity. Regulation and legalization of cryptocurrency means the official determination of the status of cryptocurrency, as well as the establishment of the conditions of its circulation within the state by orders. However, of course, over time, due to the establishment of various additional restrictions, the level of anonymity of cryptocurrency will fall.

[Pumared]

If you set Bitcoin, a simple change will occur.  If you can not "move" with Bitcoin you will look for a currency that does this

[Wakhid Mukti]

Hi all!

People in this forum and in many other discussions are fast to talk about the 'need for regulations'.

Most of the times it is in connection to mass adoption and for price speculation ideas.

Is regulations really only for Bitcoin to increase in price? What about the whole idea about a P2P currency without governments and banks being involved as a middle man .... Regulations issued by authorities, is that not only for the old system to take control of this emerging p2p currency market? I dont know but why should Bitcoin be regulated by governments and other authorities according to you?

Regulations made by the government solely to oversee the circulation of BTC used for legal activities are not illegal. The term is that all transactions using BTC or activities related to BTC are legal. And the government cannot mix hands, in my opinion, the government actually gives free access to BTC in the region. The biggest role of the government will be supervising, not taking control.

And in my opinion, if the government legalizes and provides clear regulation on Bitcoin, the best impact is mass adoption and use of BTC as the mainstream of transactions. This will trigger price increases,

[Rufsilf]

Surely the price will soar higher, simply when bitcoin becomes a government authority means that the government has directly supported bitcoin and the public will start to know bitcoin. Bitcoin is more controlled, and crime can be minimized

Regulations will be a concrete proof that bitcoin will be at real but not in connection with fiat value. Bitcoin is a digital currency which might be a conflict of used with fiat in terms of payment system. But fiat will remain at its high position which it is still the most favorable currency to used at this time knowing that only few establishments where accepting cryptos.