If regulation never comes

[Argoo]

In any case, states will be forced to regulate the activities of people in the field of cryptocurrency. This process has already begun, but it cannot be fast. It will take some time to complete it. Cryptocurrency is a completely new financial asset and the states simply did not know how to classify it and what to do with it. Gradually, states begin to understand the nature of cryptocurrency, a general concept of an approach to it is being developed. The cryptocurrency market is gradually growing, and therefore, states will be forced to turn their attention to it.
On the other hand, abuses in cryptocurrency have reached alarming proportions. Hackers, thieves, and scammers cause billions of dollars worth of damage to people. These are common crimes, albeit in a new field. They require a quick reaction from states.

[asriloni]

If regulation never come anytime sooner can we protect ourselves? how can we protect ourselves from crypto monsters hiding in disguise, especially bounty projects coming into crypto space with full force, any ideas ? I know many are going to say we should do better research before promoting projects, is there any strict blows we can give these monsters by ourselves ?

Regulations will be on the long time processing and this can be sort out in the near future. Projects are keep spawning the market and we can see the effect of it as volatile keeps spreading. Ive been here for a long time, its not bad so far actually cause before there are more than a lot of projects doesn't even got listed and no liquidity but now it improving. I just hate that too many projects are keep starting though they dont have any use case or real application.

We should not expect a lot from the regulation to be created for crypto especially, We have seen how difficult for some big service related to the bitcoin trade contract like ETF to apply the license to the regulators.
Remember crypto is a decentralized and that means if we can build self-regulation and why do we need to see the regulation for crypto must be issued by the lawmaker as soon as possible?
Some people may argue if this will be related to the adoption from the institutional and public but remember to create a regulation for a new thing needs a lot of time.
We have seen some countries have been working with the regulation that will be applied for crypto but remember each country has a different level and perspective of regulation.

You can still protect yourself from the scammers or any criminals as long as you are only following the trusted services like IEO that has already made by big exchange site to avoid the ICO scammer. The problem is how we can create more awareness and education for newcomers because of the newcomers just like gold that will help the adoption of crypto.

[Burogh]

In any case, states will be forced to regulate the activities of people in the field of cryptocurrency. This process has already begun, but it cannot be fast. It will take some time to complete it. Cryptocurrency is a completely new financial asset and the states simply did not know how to classify it and what to do with it. Gradually, states begin to understand the nature of cryptocurrency, a general concept of an approach to it is being developed. The cryptocurrency market is gradually growing, and therefore, states will be forced to turn their attention to it.
On the other hand, abuses in cryptocurrency have reached alarming proportions. Hackers, thieves, and scammers cause billions of dollars worth of damage to people. These are common crimes, albeit in a new field. They require a quick reaction from states.

Agree that the regulatory process will not come quickly. This process takes a long time because for the government, cryptocurrency is a new thing in the economic world. Many considerations from the government to regulate it because there are many coins on the market that are not securities

[Periodik]

If regulation never come anytime sooner can we protect ourselves? how can we protect ourselves from crypto monsters hiding in disguise, especially bounty projects coming into crypto space with full force, any ideas ? I know many are going to say we should do better research before promoting projects, is there any strict blows we can give these monsters by ourselves ?

In the level of this forum, there is a certain degree of openness. Although some scam projects are red-tagged, there is really no paid staff or moderator that looks every single project coming in. If we want this forum to be cleaned up from these scams, everyone has to do his part. Especially bounty hunters, whose primary purpose in promoting a certain project is income, they are to be more careful and investigative in their research. You don't need to find protection from somewhere else, give it to yourself. Everybody can do it if they exert enough effort.

[J1mb0]

If regulation never come anytime sooner can we protect ourselves? how can we protect ourselves from crypto monsters hiding in disguise, especially bounty projects coming into crypto space with full force, any ideas ? I know many are going to say we should do better research before promoting projects, is there any strict blows we can give these monsters by ourselves ?

Try to participate in IEO projects released on reputable exchanges like Binance, bittrex, or Huobi. Trying to learn and improve your knowledge is also a way to avoid scammers. Practice protecting your money before we have specific rules.

[Dart18]

IEO comes in after that.
The creation of it is because of that reasons that you told.
But that is only for new coins.
Investors are still buying coins which are from ICO and I dont think they know about IEO by now.
Better that we spread the news too so that avoiding it next time will be easy. Show them the difference of it with ICO.

[skarais]

Try to participate in IEO projects released on reputable exchanges like Binance, bittrex, or Huobi. Trying to learn and improve your knowledge is also a way to avoid scammers. Practice protecting your money before we have specific rules.

Participating with IEO on famous exchanges might sound good.  Investors are interested because the exchange status usually has the confidence of many people.
Many people now jump into IEO because they know the potential and are safe to invest.  But still must be remembered, all risks must always be considered.

[akirasendo17]

regulations is bad for crypto it will make a lot of limitations for crypto to grow and the market chance to grow is slim
since regulations will put crypto in a position wr there is no room for growth, since its being regulated it is also not consider as decentralized since it is control by the government, there will be laws and that will make investors think twice and it will be the end for crypto, people loves freedom thats what people want

[cybernetik7]

People made huge money with very small investments and nobody paid the tax. We're talking about systems that release mariujana to get tax. Of course, regulations will come. Dont worry!

[tenakha]

If regulation never come anytime sooner can we protect ourselves? how can we protect ourselves from crypto monsters hiding in disguise, especially bounty projects coming into crypto space with full force, any ideas ? I know many are going to say we should do better research before promoting projects, is there any strict blows we can give these monsters by ourselves ?

How we continued without regulation so far, will continue to do so. We want regulations according to their good aspects but it may even be possible that the other side of it can take us away from this trade. If the regulations are against price volatility there will be those who leave. There are hundreds of new people here who want to be rich in a few days.

[boltz]

Regulation will come now matter what as this cannot continue like this but until then enjoy the times. In my country Cryptocurrencies are already taxable since spring of 2019 so a lot of people currently don't withdraw in Romania and they go to Malta where they can withdraw without problems and also decentralized seems to have increase volume and traders.
Personally I have nothing against regulations but I hope it won't affect the price to stable at a current value at this is not bitcoin, we still needs volatility.

[sodiik]

Don't be easily tempted by the project that offers great rewards. Because of the project I think fraud. There are things we have to do to avoid getting hit by fraudulent projects. Research and analysis of various aspects should be undertaken.

Regulation is indispensable as it can protect investors and everyone who works on a project. But I am sure if the regulations applied to the existing ones will surely be a new problem. Like KYC because every project definitely wants personal data. And the regulation will not make this crypto anonymous.

[7788bitcoin]

If regulation never come anytime sooner can we protect ourselves? how can we protect ourselves from crypto monsters hiding in disguise, especially bounty projects coming into crypto space with full force, any ideas ?

Do you think it is very difficult to protect yourself from investing in all the scam projects out there  . Just stop investing your money in any projects that offers big returns and without any proven team behind it, if you are able to restrict those urge you really do not need any regulation. Since you are talking about bounties there is nothing you can do about it as people like you can be fooled easily if they offer big returns  .

[Roidz]

Without regulations governing cryptocurrency certainly does not cause special effects for developers of ico or ieo who commit fraud and of course we also do not know where they are using funds obtained from investors, whether for project development or the funds are used for things that are negative, such funds can be used for illegal purposes such as money laundering or funding for crime, because indeed transactions that occur in cryptocurrency cannot be traced.

[jostorres]

If regulations is absent in this space we will never know who are the bad guys here. Our first defense should be thorough research and investigate before we invest in anything, this forum alone has good people helping exposing scams preventing scammers from luring victims.  

We need that regulation badly because without that regulation, there is no way that decentralization can fully function properly because all those bad guys would keep taking advantage of it to scam lots of people. But with regulation, most of the bad guys would get hunted down by the authority which will reduce the level at which scam goes within the system.

The challenge here is that is government too willing to give in to the decentralization of the coins when they know that it will take power off them a little, so they rather prefer to embrace and regulate centralized coin. If regulation never comes for decentralized coins, I just wish we can personally come up with ideas that will help decentralized coins like bitcoin and some of these privacy coins like Monero.

[kram31]

If regulation will never come then we will still have the shortage in demand on the market.
Regulation will make more country accept bitcoin, once this happen we will have mo merchant and local store to accept the coin.
That is the movement we need to have to gain more demand.

[Wintersoldier]

If regulation will never come then we will still have the shortage in demand on the market.
Regulation will make more country accept bitcoin, once this happen we will have mo merchant and local store to accept the coin.
That is the movement we need to have to gain more demand.

In that case, it can also filter out scam projects out of cryptocurrency space, in which many of us is tired of waiting. Actually, for me, regulation will also be a hindrance to implement how good a cryptocurrency is, especially if it possesses some characteristics and capabilities that might threaten the government, it will be hard for a project or crypto to react its desired goal.

[HK88]

I always corner every team and project developer through a number of questions, just like those who fool us especially with the sweet promise ..
and conversely as investors we must know how to avoid or make them look like fools. with some important questions that are difficult for them to answer, it's one of the criteria for a garbage project.

[X-ray]

I always corner every team and project developer through a number of questions, just like those who fool us especially with the sweet promise ..
and conversely as investors we must know how to avoid or make them look like fools. with some important questions that are difficult for them to answer, it's one of the criteria for a garbage project.

That's usually what people should do when trying to expose such a project it'll all revealed when the developers themselves got no idea about the project they are trying to develop in term of technicality and what they know is just spouting some baseless promises which usually too good to be true. Even the developers of a garbage project usually hesitant about answering question making it hard even for the community themselves to ask even the simplest question there is.
However it's undeniable that regulation could also solve that problem with just one step which is releasing the right regulation so there's no need of additional effort.

[Hippocrypto]

If regulation will never come then we will still have the shortage in demand on the market.
Regulation will make more country accept bitcoin, once this happen we will have mo merchant and local store to accept the coin.
That is the movement we need to have to gain more demand.

In that case, it can also filter out scam projects out of cryptocurrency space, in which many of us is tired of waiting. Actually, for me, regulation will also be a hindrance to implement how good a cryptocurrency is, especially if it possesses some characteristics and capabilities that might threaten the government, it will be hard for a project or crypto to react its desired goal.

There might be a disadvantage on some particular instances, but I don't think that will hinder every opportunities that cryptocurrency is usually involved. If you're just doing it legally which is in line with government's vision towards economic growth, then we have nothing to worry all about.