Bitcoin needs Regulation to save itself from Forex traders!

[cuddaloreappu]

http://www.nasdaq.com/article/recent-big-bitcoin-drop-looks-like-a-squeeze-that-could-be-a-huge-problem-cm434773


"Even when mining is completed and all Bitcoin are in circulation, at a $200 exchange rate, that represents a market cap of $4.2 billion. That is a big number, but to a forex market that turned over $5.3 trillion each day in 2013 it is a drop in the ocean. BTC will be just too easy to push around."


" regulation of some kind to protect what is still a very young market before the traders kill it."



So bitcoin has to increase in price many fold in order to enter forex markets and reach greater heights! but with a bitter pill regulations?

[RodeoX]

If bitcoin needs our regulation to live, then let it die.

No forex trader can "push me around". You have to allow that and I don't. 

[manselr]

Satoshi never wanted regulations, it defeats the purpose of Bitcoin within itself. Satoshi was a libertarian and wanted free market, its the point of Bitcoin, regulating it makes it just fiat 2.0.

[RodeoX]

Satoshi never wanted regulations, it defeats the purpose of Bitcoin within itself. Satoshi was a libertarian and wanted free market, its the point of Bitcoin, regulating it makes it just fiat 2.0.

The thing is, it is already regulated. We want some regulation or it would be to risky to use. My hope is that the Cap-Gains tax is all we get. Nothing in the economy goes completely unregulated, what matters is what regulation.

[findftp]

If bitcoin needs our regulation to live, then let it die.

^ this.

If you want regulation, chose some other form of currency/investment.
Bitcoin is all about free unregulated markets if you ask me.

[Netnox]

I don't think it's possible for Bitcoin to become big if it doesn't get regulated is it?

[gadman2]

There is a huge assumption that bitcoin will be 200$ in 150 years.

[The One]

What is the point in talking about regulation when no one says what kind of regulations.

Bitcoin participation is voluntary so either buy/mine bitcoin or go elsewhere where politicians can hold your hands and supply you with free nappies.

[riptide]

What is the lesser of the two evils? Let the Forex traders manipulate Bitcoin or the government?

[NeuroticFish]

There is a huge assumption that bitcoin will be 200$ in 150 years.

That would be very good for .. the dollar
But meanwhile Bitcoin has to find its place and stop falling from there. Then it will become the currency we expect from it.

[oblivi]

What is the lesser of the two evils? Let the Forex traders manipulate Bitcoin or the government?

It's not even forex traders mainly I think. It's probably lots of the very early adopters that have tons of BTC and then learned to trade and set fake walls to manipulate the market. Im sure a lot of forex traders got in as well but lots of rich BTC people didn't had previous trading training.

[CBG81]

If bitcoin needs our regulation to live, then let it die.

amen to that 

[pereira4]

There is a huge assumption that bitcoin will be 200$ in 150 years.

You've missed like 40 zeroes on there.

[serje]

Seriously now! Do you know what Forex is?

It is a fantasy! Forex doesn't exists!

Go and buy BTC or gold or EUR or anything on Forex and then try to cash them out! You can't! Why? Because Forex is a game! And what happens there is after real life! Not the other way around!

Imagine if everyone would start buying BTC on Forex now... do you really think the price will go up? no fucking way! Wanna know why? Because Forex is a joke!

[bitcoin_purist]

There is a huge assumption that bitcoin will be 200$ in 150 years.

You've missed like 40 zeroes on there.

Hyperinflation FTW!

[WTrader]

If bitcoin needs our regulation to live, then let it die.

No forex trader can "push me around". You have to allow that and I don't. 

Sure I am certain you can direct the market as you choose. Of course, your own portfolio will outplay and fool all those forex traders

Unless you are talking from a non-IMF, non-global nation state as the president or something, please keep your bullshit to yourself

[RodeoX]

If bitcoin needs our regulation to live, then let it die.

No forex trader can "push me around". You have to allow that and I don't. 

Sure I am certain you can direct the market as you choose. Of course, your own portfolio will outplay and fool all those forex traders

Unless you are talking from a non-IMF, non-global nation state as the president or something, please keep your bullshit to yourself

I have done well trading all sorts of things. I did not do well by listening to others or considering their actions. I buy what I believe in and what I understand.

[Gleb Gamow]

http://www.nasdaq.com/article/recent-big-bitcoin-drop-looks-like-a-squeeze-that-could-be-a-huge-problem-cm434773


"Even when mining is completed and all Bitcoin are in circulation, at a $200 exchange rate, that represents a market cap of $4.2 billion. That is a big number, but to a forex market that turned over $5.3 trillion each day in 2013 it is a drop in the ocean. BTC will be just too easy to push around."


" regulation of some kind to protect what is still a very young market before the traders kill it."


So bitcoin has to increase in price many fold in order to enter forex markets and reach greater heights! but with a bitter pill regulations?

Squeeze?

The last handful of weeks we've all witnessed the price of oil falling, with the price of petro at the pump now at levels not seen in years. Yet, when I visited two grocery stores the other day, I noticed that milk and eggs went up considerably. I ask a stocker what's the deal, whereupon she replied that most everything in the store had increased in price. Sure enough, over 90% of food stuff I normally purchase had all increased in price.

Talk about squeeze! This doesn't make sense.

[medUSA]

Back in the 1980s when I started in Forex, squeezes like that were extremely common ... <snip>... It happens far less now.

Stronger regulations about market rigging have removed the possibility of collusion, and the sheer size of the modern Forex market has made it difficult, if not impossible, for somebody to crash a level on their own in most traded currencies.

The Bitcoin market, however, is another story. The reason is simple, but it does hint at a problem that Bitcoin will have in the future unless the price really jumps: The market just isn't big enough to protect itself.

I have to agree with the article that the bitcoin market can be manipulated too easily at the moment. Our only protection so far is bank forex traders and fund managers may not be allowed to trade bitcoins (yet). We do not wish to see government regulations, so we just have to wait for market cap to rise and protect ourselves.

[gustav]

The marketcap is so shit because the inflation takes 5500$ from the market at this price every 10 minutes

Just think about it. Bitcoin is broken at the fundamental level with its irrational distribution logic. It's useless as store of value and extremely volatile thanks to 8% inflation right now.

Regulations is not what it needs. What it needs is being replaced with a coin that's capable of maintaining its value.

All money that's pumped in bitcoin bleeds out again immediately.