Shasha80
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January 23, 2020, 09:37:54 AM |
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In my opinion, the existence of new regulation related to cryptocurrency will greatly affect the development of crypto prices. We all knowing the government's biggest wish is to regulate the circulation of crypto so that it can be controlled by the government.And if it becoming reality will make crypto lose its identity. There is no decentralization anymore, so this will reduce demand crypto and cause the price of crypto to drop dramatically. Because in my opinion it will be difficult to find the similarity at any time the wishes of the government and cryptocurrency.
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jostorres
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January 23, 2020, 03:07:44 PM |
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If we could move beyond the regulations difficult approach of the crypto prices we could also see that it also increases the adoption rate. Definitely, because of so many regulations the price drops and that is sad however price can recover, price can always go higher, yet the regulations and people it brings can't be achieved without them. Now that we have more and more regulations everywhere around the world, we also have more people using bitcoin for regular stuff as well.
Knowing what the crypto regulations is always better compared to not knowing if you are in legal zone or doing something illegal. Mass adoption will come thanks to regulations around the world, we can't expect everyone to go into crypto world not caring about what the governments will think.
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Xxmodded
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January 23, 2020, 04:19:02 PM |
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Why many people afraid for investing with bitcoin and altcoin? there are not regulation rule with bitcoin in some country and make many citizen never trust and believe for bitcoin become good investment assets, but when government have allow bitcoin as legal currency payment I think give chance and way for many people trusted with bitcoin and altcoin.
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TitanGEL
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January 24, 2020, 09:57:13 AM |
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Regulations can be a factor and also can be a catalysts in the price movement of the bitcoin. There will be a huge effect if most of the government will create regulations about accepting it in their country. It will create demand that can boost the price of bitcoin, we all know that the price of bitcoin is relying on supply and demand. The more the demand, the supply is less that can lead to an increase to its price.
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AniviaBtc
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January 24, 2020, 09:59:46 AM |
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Definitely, because of so many regulations the price drops and that is sad however price can recover, price can always go higher, yet the regulations and people it brings can't be achieved without them. Do you think that regulation will just because the price continuously increases? Come on, if you really read some articles, they stated that as the industry rapidly advances, the the more the regulation will exist. That's why it is very challenging to hold digital assets. They hinder someone to hold crypto because they want to have a share when they know people uses it. Knowing what the crypto regulations is always better compared to not knowing if you are in legal zone or doing something illegal. That's very risky, you also need to know if you're location is safe and secured. If it is illegal for your place to have access in cryptocurrency, then you're accountable for the consequences that you'll take. Being knowledgeable about crypto regulations are very important, most especially when you are willing to risk your digital assets just to work and use crypto wisely.
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angrynerd88
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Hodlers Network
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January 24, 2020, 11:03:29 AM |
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Regulations affect the price either directly or indirectly.The regulation in favor of crypto increse the adoption and the massive adoption raise the demand which push the price high. Regulations against the crypto bound the user to buy and sell restricted and acces to crypto become more difficult and users of crupto like traders and investorsunable to make transactions freely,It results the low volume in exchanges and affect the price of crypto.
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travwill
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January 24, 2020, 12:07:36 PM |
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Based on what I have understand, it will have an effect because if the government will regulate crypto it means they had full control on the cryptos, also the demand and supply of the crypto will be effected because as what I have said they will control on it for the monetary reason. Probably it will the same price in your local currency which is very cheap. That is why it is good for crypto if it will remain anonymous.
Doubtful understanding. Cryptocurrency is primarily valued because it is almost impossible to take control of. Of course, you can create artificial restrictions for its movement, but states will be able to block its flow and transactions between users all the same. Therefore, with all the desire to take control of it, it won’t work out, and regulatory methods are needed only to remove taxes from cryptocurrencies.
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audaciousbeing
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January 24, 2020, 12:50:26 PM |
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Regulations at this point is something that I expect to have a negative effect on price in the short term because it puts a leash on various activities that have been responding to the uncontrolled and unsubstantiated increase in the price of bitcoin to the loss of many who were only attracted to the price in the first instance. It also come with some level of accountability in the industry to show that its no longer free for all. At the same time it shows to individuals who are all about scamming activities that someone is watching and they are ready to make you account for your action in the crypto space. Eventually, it will bring sanity to the market and growth would be one that can be defended.
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michellee
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January 24, 2020, 01:21:45 PM |
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I only think about the tax when the regulations for the cryptocurrency is accepted because that is the way for the government to take more income from the people. Although it will hard to find the people who used cryptocurrency, they will get the info by searching with the banks. But with the regulations, people will believe in crypto, and they will invest in crypto too. That will make the crypto more popular so that many people will join the crypto world.
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Wysi
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January 24, 2020, 03:14:20 PM |
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I only think about the tax when the regulations for the cryptocurrency is accepted because that is the way for the government to take more income from the people. Although it will hard to find the people who used cryptocurrency, they will get the info by searching with the banks. But with the regulations, people will believe in crypto, and they will invest in crypto too. That will make the crypto more popular so that many people will join the crypto world.
Regulating crypto will definitely pool in more investment from a group of users but at the same time, crypto will lose its core value of being anonymous as well as no third party involvement clause. This will keep scammers at bay but early adopters might leave due to restrictions and tax, I think it's better for us if the crypto is unregulated as it was created for the same purpose.
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pikkie
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January 24, 2020, 04:04:27 PM |
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I only think about the tax when the regulations for the cryptocurrency is accepted because that is the way for the government to take more income from the people. Although it will hard to find the people who used cryptocurrency, they will get the info by searching with the banks. But with the regulations, people will believe in crypto, and they will invest in crypto too. That will make the crypto more popular so that many people will join the crypto world.
Regulating crypto will definitely pool in more investment from a group of users but at the same time, crypto will lose its core value of being anonymous as well as no third party involvement clause. This will keep scammers at bay but early adopters might leave due to restrictions and tax, I think it's better for us if the crypto is unregulated as it was created for the same purpose. I think it's not only that because when there are clear regulations on the use of cryptocurrency it will have a good impact on the price of cryptocurrency that will buy more and be used for everyday transactions so cryptocurrency will grow rapidly and will create everything into digital.
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imutlinda
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January 24, 2020, 04:32:19 PM |
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I only think about the tax when the regulations for the cryptocurrency is accepted because that is the way for the government to take more income from the people. Although it will hard to find the people who used cryptocurrency, they will get the info by searching with the banks. But with the regulations, people will believe in crypto, and they will invest in crypto too. That will make the crypto more popular so that many people will join the crypto world.
Regulating crypto will definitely pool in more investment from a group of users but at the same time, crypto will lose its core value of being anonymous as well as no third party involvement clause. This will keep scammers at bay but early adopters might leave due to restrictions and tax, I think it's better for us if the crypto is unregulated as it was created for the same purpose. I think it's not only that because when there are clear regulations on the use of cryptocurrency it will have a good impact on the price of cryptocurrency that will buy more and be used for everyday transactions so cryptocurrency will grow rapidly and will create everything into digital. the regulations of a country will allow more crypto users in the region and can potentially have price growth in the market. and when regulations already exist, the development of crypto in these countries will be even more advanced compared to countries that have not yet implemented regulations, due to limited access.
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mersal
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January 24, 2020, 05:03:35 PM |
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Regulations affect the price either directly or indirectly.The regulation in favor of crypto increse the adoption and the massive adoption raise the demand which push the price high. Regulations against the crypto bound the user to buy and sell restricted and acces to crypto become more difficult and users of crupto like traders and investorsunable to make transactions freely,It results the low volume in exchanges and affect the price of crypto.
Regulations doesn't actually means restricting the crypto usage completely so it has positive as well as negative effects on the cryptocurrencies but regulation will increase the adoption and also more and more countries will follow if a developed country regulate the cryptocurrency usage so and long time it has positive effect.
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huige007
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January 24, 2020, 05:15:52 PM |
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I only think about the tax when the regulations for the cryptocurrency is accepted because that is the way for the government to take more income from the people. Although it will hard to find the people who used cryptocurrency, they will get the info by searching with the banks. But with the regulations, people will believe in crypto, and they will invest in crypto too. That will make the crypto more popular so that many people will join the crypto world.
Regulating crypto will definitely pool in more investment from a group of users but at the same time, crypto will lose its core value of being anonymous as well as no third party involvement clause. This will keep scammers at bay but early adopters might leave due to restrictions and tax, I think it's better for us if the crypto is unregulated as it was created for the same purpose. It was created with unregulated nature and it will remain the same. Yes it would be beneficial for both the market and users if it would stay the same as people are already overburdened by the huge taxes the governments have implemented over everything. If it would be regulated by someone it would lose the attraction and value it has achieved uphill now.
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cutesgirl
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January 24, 2020, 05:35:37 PM |
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Regulation is the most effective way how to make bitcoin have higher price, looks when some country make only good news with bitcoin will be accepted and discuss at the public economic world give make price on the top and could increase more than 30%, how come if bitcoin really get regulation in one country become legal currency digital payment?
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dunfida
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January 24, 2020, 09:25:26 PM |
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Regulation is the most effective way how to make bitcoin have higher price, looks when some country make only good news with bitcoin will be accepted and discuss at the public economic world give make price on the top and could increase more than 30%, how come if bitcoin really get regulation in one country become legal currency digital payment?
No it wont happen.! Bitcoin might be adopted on a certain country but doesnt mean that it would become its legal currency for digital payment.I would rather believe that e-fiat would be consider that time. Regulation do somehow opposes Cryptos existence yet we know that Decentralization on what matter most but we need to have some acceptance and support from government to open up gateway for people to recognize generally but we know this isnt always the case because we have seen that most of them do really opposes cryptos existence.
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meliodas
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January 25, 2020, 10:45:21 AM |
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If there will be a regulation for the cryptocurrency, the prices of almost all of the cryptocurrencies will go up high because the people will see it as a good news since the government is acknowledging the value and use of the cryptocurrency. I am wishing this type of scenario for a long time for the major countries and also to the growing countries so they can rise up fast.
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wildan88
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January 25, 2020, 11:10:38 AM |
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I only think about the tax when the regulations for the cryptocurrency is accepted because that is the way for the government to take more income from the people. Although it will hard to find the people who used cryptocurrency, they will get the info by searching with the banks. But with the regulations, people will believe in crypto, and they will invest in crypto too. That will make the crypto more popular so that many people will join the crypto world.
Regulating crypto will definitely pool in more investment from a group of users but at the same time, crypto will lose its core value of being anonymous as well as no third party involvement clause. This will keep scammers at bay but early adopters might leave due to restrictions and tax, I think it's better for us if the crypto is unregulated as it was created for the same purpose. It was created with unregulated nature and it will remain the same. Yes it would be beneficial for both the market and users if it would stay the same as people are already overburdened by the huge taxes the governments have implemented over everything. If it would be regulated by someone it would lose the attraction and value it has achieved uphill now. like in my country the regulation is only to take tax from crypto users, but they forbid using crypto as a means of payment, this will be a burden for us. we do not get any benefit from the regulation, unless it becomes legal and free to use, it will be useful and will many new people are interested in crypto because it already has regulations.
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Janation
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January 25, 2020, 11:25:16 AM |
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I think it would not be affected in some sort.
I mean, if a country regulated to never use Bitcoin in their country that means they can just stop accepting Bitcoin but still, a user can access his Bitcoin wallet, transact Bitcoin to his friends or other people, he can still even trade at that point since they can't just block all of the sites where they can trade and sell their Bitcoin. The only problem there is how will they be able to send or convert their Bitcoins into their fiat.
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Eternad
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January 25, 2020, 11:29:28 AM |
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If there will be a regulation for the cryptocurrency, the prices of almost all of the cryptocurrencies will go up high because the people will see it as a good news since the government is acknowledging the value and use of the cryptocurrency. I am wishing this type of scenario for a long time for the major countries and also to the growing countries so they can rise up fast.
People believes too much in government, so if regulation happen they will thought of it as legal and they will feel safer since government backed it's rules, without them knowing that it will also adds too much tax and limits on the now existing crypto performance. But will sure get adoption more.
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