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Author Topic: Will it be good for bitcoin if it will be regulated by the Goverment's  (Read 692 times)
jake zyrus
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September 29, 2019, 06:22:23 AM
 #41

I don't see the purpose of the government interfering with bitcoin and cryptocurrency. The nature of bitcoin is decentralized and it can function without the regulations of the government. If the concern is about scam and theft, I think it's our own responsibility to avoid it even without the help of the government. They just want tax and manipulation from here.

Dread Pirate Roberts
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September 29, 2019, 08:17:58 AM
 #42

regulations are not always good you know. there are a lot of cases where the regulations is actually harmful to the businesses and as a result to the overall adoption. for example the high taxation laws, invasive KYC implementations, restrictive and expensive licenses that the businesses would have to get before they could operate,... and a lot more.
so we can't really say if "regulation" in general is good or bad for bitcoin. we have to do a case by case study to see if that particular regulation by that particular government in that state is good or bad for the people.

Regulation is not always good for those who want freedom in managing their assets without certain restrictions. and also the actual regulation that should exist is to support the means of payment by crypto and make it easier for someone to make a transaction or payment anywhere with the smallest fee. and of course if a financial regulation about crypto exists. I think tax is also certain in bitcoin. is someone ready to pay tax for bitcoin that should be free of tax?
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September 29, 2019, 09:52:51 AM
 #43


let's take it piece by piece
Quote
there will be manipulations that will happen, where in you bought bitcoin in as higher price
There's always been manipulation and it was not stopped or will this ever stop even if there is regulation in place

Quote
i have a friend who put all he's retirement's money on bitcoin during the all-time high
believing the news that it will reach up to $50k only to find out and woke up that the market collapse

Blame your friend or whoever advice him to put his retirement funds to invest in Cryptocurrency, it's always been the old adage only invest what you can afford to lose if he follows this advice and he still invests he should not blame anyone even the market


Quote
some of my friends bought a miner then the next day they can't make any profit and the price of the miner
is so expensive,
Again not doing research and proper calculations, easiest way to lose your funds.




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September 29, 2019, 10:05:10 AM
 #44

I don't see the purpose of the government interfering with bitcoin and cryptocurrency. The nature of bitcoin is decentralized and it can function without the regulations of the government. If the concern is about scam and theft, I think it's our own responsibility to avoid it even without the help of the government. They just want tax and manipulation from here.

Correct,  being decentralized is the core essence of bitcoin and that make bitcoin unique.It will become messy when government comes in. Bitcoin means freedom, if its regulated then its lost its essence. There are cryptos also that is not open and government can join or develop their own, they should leave bitcoin alone and let it innovate and progress to its full potential.

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Leyss
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September 29, 2019, 12:04:00 PM
 #45

Regulation of cryptocurrencies by states is a necessary stage for its further development. Without legalization and regulation of this type of activity, fraudsters and thieves cannot be defeated. In the first half of this year alone, attackers stole more than four billion dollars. This is a very large amount. Without certain control from the states, this figure will grow and we will not be able to feel safe.
In addition, cryptocurrency must be integrated into a single payment system of states in order to go along with their national money. In any case, this must happen in order for it to be completely liquid.
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September 29, 2019, 12:19:01 PM
 #46

I'm not against regulation of Bitcoin and cryptocurrencies in general. Many are afraid that this might ruin Bitcoin and it's essence but I don't think so.
To my opinion regulation will protect Bitcoin users and define what is legal or not. Also, this might attract more businesses into Bitcoin because it will give them a legal framework and security. Regulation of Bitcoin might also open the door for Bitcoin and cryptocurrencies into traditional economy system.

Deborah Christine
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September 29, 2019, 12:52:01 PM
 #47

I think more jurisdictions regulate and clarify the legal status of crypto currencies, the crypto market will become much more stable but unclear regulations and direct bans by the government have proven to be dangerous for the crypto market when investors worry they will sell their bitcoin, thereby directing the market to a bearish situation.
Colt81
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September 29, 2019, 12:57:10 PM
 #48

In my own personal opinion, there will be an advantage for us bitcoin users if bitcoin will be regullated by the government that we can now use bitcoin in our daily lives and a lot of people will not be afraid to invest their money in bitcoin and other cryptocurrencies. But i think there will be disadvantage to it that it may involved to corruption that most of our transactions will have taxes and huge fees.
Dread Pirate Roberts
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September 29, 2019, 01:11:15 PM
 #49

No.Regulation by the government will make bitcoin have a lot of restriction and the usage of bitcoin will be decided by the government it could be good or bad depending on each decision the government will come up,maybe regulation may help reduce the volatility but do you think that it is a good thing or nah

I agree with you and also the regulation can also cause bitcoin to be taxed in a country. but many people expect bitcoin regulation in the hope that prices can soar much higher. but before discussing further it seems that will not happen because the trump itself had made a negative tweet about bitcoin before.
ballexplorer
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September 29, 2019, 01:19:39 PM
 #50


I believe that it will only be a matter of time before states introduce their own national digital currencies.
I don't think that can be good for the BTC. It will only be a marginal currency for a minority of the population.
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September 29, 2019, 03:59:15 PM
 #51

Regulations will have a positive impact in the investor since they feel that they are safe
when its regulated , there will be manipulations that will happen, where in you bought bitcoin in as higher price
and see it after a few hours go down imagine what it gives to the investors heart , they will be devastated
when they have found out that they don't have the money anymore,
for example i have a friend who put all he's retirement's money on bitcoin during the all time high
believing the news that it will reach up to $50k only to find out and woke up that the market collapse
also some of my friends bought a miner then the next day they can't make any profit and the price of the miner
is so expensive, but at the end of the day everything is risky so always think and plan everything before making a
move that will change you life forever
what do you think will the regulation bring forth to us?
I think it may lead to a good and bad outcome, regulating the usage of bitcoin such as making some laws about it may help the community to lessen and reduce the volatility of cryptos and also it may lead to corruption since it talks about money, so that I think government should discuss this deeply because cryptocurrency has a big impact to our economy and it can help to improve our community today.
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September 29, 2019, 05:56:55 PM
 #52

What is happening in my country about crypto, I'm not so sure if the government can set it up.
I listened to the news that the Government had provided information if Bitcoin was difficult to regulate.
Bitcoin does not have a standard price that can be set. So this Bitcoin can make you rich quickly, but you can also lose a lot of money. So it's too risky.
But the government is still doing research, but until now crypto can still continue to thrive in my country.
I believe if the government can make regulations on the crypto, I think all investors and members can get good security guarantees.

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ololajulo
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September 29, 2019, 06:04:24 PM
 #53

Government is struggling with the type of volatility in bitcoin and the 2017 bullrun give the whales so much concern to control it early. I beleive the price is liable to reach 50k with last pump but will large force to bring down the space. IMO the government gets a relief with the market dump. However, we a strong regulation for ICOs and IEO. That's where more concern should be  placed, criminal should be prosecuted and subsequent acts should be prevented.

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qwertyup23
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September 29, 2019, 11:32:55 PM
 #54

The reason for the creation of the blockchain is to free itself from the conventional way of handling our transactions- which is the manipulation and regulation by a third-party company. If something were to be regulated, expect it to be manipulated and controlled in areas that should be free instead.

If bitcoin were to be regulated by the government, its price would fall and be stable like any other investment mechanism. Its volatility will be lessen significantly and investors would shift their attention to a new method of investing. In addition, manipulation of the prices, supply and demand would most likely happen in the long-run if it were to be regulated at some point.
mr3dds
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September 30, 2019, 12:12:44 AM
 #55

I think some regulation will make everything about crypto better. Crypto-field is so open that any one can issue a token contract and start an ico, bounty, airdrop, and a lot of promises to revolutionize the industry, but very few know what they are doing. The rest are just wasting time.

Regulation can make this much better. Don't have a solid idea about how this regulation should be.
meanwords
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September 30, 2019, 02:36:58 AM
 #56

Regulation by the government is nothing but a nuisance to the public. I wouldn't want Bitcoin to be regulated as It will be restricted in some was. Bitcoin is built to be decentralized, to be owned by the masses not the government. Let's say Bitcoin is regulated, what good it will bring to us? will it help lessen the crime, I think no. I think Bitcoin will stay as it is but the movement of the people will be restricted.
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September 30, 2019, 03:12:01 AM
 #57

If this is the only way for us to be freed from the hands of governments who hinders us to grow bigger?the I would agreed on regulation because let’s admit the reality that this is what killing us.

Around the globe the fight against Bitcoin is growing and only few is gettin interested in adoption so why not just Go with the Flow .anyway the real question is HOW AND WHEN









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September 30, 2019, 03:53:05 AM
 #58

Regulations will have a positive impact in the investor since they feel that they are safe
when its regulated

Regulation of Bitcoin will never make investors feel safe. The main focus of regulation is to control the amount of Bitcoin sent or received by everyone on the blockchain network.  Regulation has the tendency of making the market value of Bitcoin to be static. Once it is static, profit margins also depreciate causing investors not to make any significant profits out of their investment...
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September 30, 2019, 04:10:19 AM
 #59

I do not find it bad if it is regulated in the country in which I live. If this is true for bitcoin's sake, too, to prevent scammers from being victimized, then, in my opinion, it would be nice to have a Mining rig even if the price of bitcoin dropped. , we just don't know when it will happen. Just keep in mind that selling us should be the right timing and the right purchase.
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September 30, 2019, 05:45:17 AM
 #60

Regulations will have a positive impact in the investor since they feel that they are safe
when its regulated , there will be manipulations that will happen, where in you bought bitcoin in as higher price
and see it after a few hours go down imagine what it gives to the investors heart , they will be devastated
when they have found out that they don't have the money anymore,
for example i have a friend who put all he's retirement's money on bitcoin during the all time high
believing the news that it will reach up to $50k only to find out and woke up that the market collapse
also some of my friends bought a miner then the next day they can't make any profit and the price of the miner
is so expensive, but at the end of the day everything is risky so always think and plan everything before making a
move that will change you life forever
what do you think will the regulation bring forth to us?

Well, the golden rule about investing is not to invest what you can't afford to lose. It sucks for people who have invested things like retirement money and alike, but Bitcoin's volatility was well-known from day one. As for the regulations, they will impact businesses that are using cryptocurrencies, and they will be able to provide some level of protection to investors, but they can't do much to control BTC, i don't think. That's the beauty of crypto, after all.

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