Topic: Adoption or Regulations why way is better for bitcoin ? (Read 986 times)
Even if the public through electronic money without too much regulation, I think it would be better for the future of electronic money. Adoption is more important. Adoption increases market participation for investors while rules only complicate things. People will still have doubts about whether they will use it or not but when they know it is regulated, they will have worry-free and use it with great fun.
Now-a-days people's are afraid to come and investing in Bitcoin or other crypto currencies because they think here is no regulation and if any fraud will happen, then where they will go for justice. And according to me, adoption and regulations both are compulsory for this crypto industry. If these things imposed on crypto world then definitely we will see a lots of new investors will come to this crypto industry and because of this the huge volume will increase in crypto currencies price.
I think this is the only way to make crypto purely legal and become people fearless for investing in crypto's.
I think this is the only way to make crypto purely legal and become people fearless for investing in crypto's.
Adoption and regulations both are necessary for bitcoin development but adopting the bitcoin on a large scale will make the ways to regulate bitcoin and will help to increase market cap of bitcoin. But if the bitcoin is regulated first without being adopted on a large scale then it will constrain the government to set distortions in the bitcoin trading and people will look bitcoin as a suspicious thing and will easily concede against strong opposition. So, it should first be adopted on a large scale.
I think the ETF for Bitcoin will help the industry as a whole, although it hasn't been passed yet, but this approach and some of the regulatory measures for Bitcoin are designed to regulate the industry as a whole, which is good for the expansion of the Bitcoin community.
There has been so much FUD/FOMO lately about the bitcoin ETF proposals, debates on its merits and demerits, it makes me wonder. What is actually better for bitcoin, Is it some form of government regulations like ETF approvals or Gradual mass adoption of cryptos in general? What's your take?
Bitcoin should not be regulated because it is decentralized. ETF approvals only makes speculators of crypto manipulate the market.
It is better no government involved for cryptocurrency i think, because it is only causing some high volatility in the price of crypto.
Bitcoin might be decentralized, but systems that use it like payment processors aren't and are in fact the opposite. The ETF is a centralized system governed by a governmental body and that's what this is about. You've also got to remember Bitcoin is like being your own bank and whether we like it or not banks or those institutions that deal with cash payments are going to need regulating.
A few people may say that they are the government against the point that Bitcoin or electronic money should go all out against it. Bitcoin is destroyed or the list has been adjusted just for the sake of selfishness. They were not captured by Bitcoin's way of working, tuning Bitcoin and destroying its future
Cryptocurrency regulations in many countries is inevitable because the organization of wealthy countries like G20 has been planning to create a global regulation that is acceptable to their member countries. But it is possible to adopt a cryptocurrency while imposing regulation to any crypto exchanges if the aim is to protect the holders from scams and other illegal activities that uses cryptocurrencies.
Yes it is very necessary, this is to provide an opportunity to be able to maintain the stability of Bitcoin prices, and the future of Bitcoin clearly, with regulations, this shows that Bitcoin has a place. Therefore regulations must be brought to the practical level of using, string and transferring Bitcoin. That will happen with the importance and efficiency behind this excellent blockchain technology.
it is good if it will happen for the some countries. because if we adopt and regulate the bitcoin and allowed it to flow in our country i am sure that the bitcoin and government in each country will have an benefit for each other. i don't understand why they afraid of the bitcoin if they only regulate it they think about negative only but the positive effect they don't care There has been so much FUD/FOMO lately about the bitcoin ETF proposals, debates on its merits and demerits, it makes me wonder. What is actually better for bitcoin, Is it some form of government regulations like ETF approvals or Gradual mass adoption of cryptos in general? What's your take?
If we want Bitcoin to be what it was originally created to be, then we would not want government regulations. I think the main reason for the creation of Bitcoin was to have a means to store, send, or make transactions without any involvement from a government or bank. Obviously we already have some government regulations, but to stay true to the original intent, it should be completely decentralized and unregulated.
Yes it is very necessary, this is to provide an opportunity to be able to maintain the stability of Bitcoin prices, and the future of Bitcoin clearly, with regulations, this shows that Bitcoin has a place. Therefore regulations must be brought to the practical level of using, string and transferring Bitcoin. That will happen with the importance and efficiency behind this excellent blockchain technology.
There has been so much FUD/FOMO lately about the bitcoin ETF proposals, debates on its merits and demerits, it makes me wonder. What is actually better for bitcoin, Is it some form of government regulations like ETF approvals or Gradual mass adoption of cryptos in general? What's your take?
ETF Bitcoin adalah upaya untuk meningkatkan adopsi Bitcoin di kalangan investor dan adopsi Bitcoin secara bertahap, secara umum, usaha tidak akan membohongi Hasil
I don’t think it’s an either/or situation. I do believe regulation is a pre-requisite towards mass adoption. I don’t think regulation is meant to undermine crypto, but rather, it can create order and trust –which can serve as a solid foundation for this future global currency to exist.
In many cases, adoption brings good results and so Bitcoin ETF is not expected much because it may done for a large organization. I guess, it is hard to produce the same result for the general investors.
Both are beneficial for me, adoption of the whole world that it will legally use and the soft regulation on it so it will be great. If others will adopt the use of bitcoin and other crypto currency I am sure that the demand will be high and so thus the price, there's the point it should be regulated to maintain the good phase and who knows if that moment comes bitcoins price would slowly stabilize because it is regulated and bitcoin's quantity is limited, that is my opinion.
I think regulation is much better because we can't achieve so much a people adopting it if they still see it is not regulated. People will have still doubts on whether they will use it or not but when they know it is regulated, they will have worry-free and use it very gladly.
There has been so much FUD/FOMO lately about the bitcoin ETF proposals, debates on its merits and demerits, it makes me wonder. What is actually better for bitcoin, Is it some form of government regulations like ETF approvals or Gradual mass adoption of cryptos in general? What's your take?
Bitcoin should not be regulated because it is decentralized. ETF approvals only makes speculators of crypto manipulate the market.
It is better no government involved for cryptocurrency i think, because it is only causing some high volatility in the price of crypto.
There has been so much FUD/FOMO lately about the bitcoin ETF proposals, debates on its merits and demerits, it makes me wonder. What is actually better for bitcoin, Is it some form of government regulations like ETF approvals or Gradual mass adoption of cryptos in general? What's your take?
If the recent events are showing us anything is that bitcoin is not going to be adopted massively in either of the two options that you are giving, personally I think that bitcoin is going to be adopted once it becomes a necessity, many people do not see the necessity of something like bitcoin, they simply do not understand it, but in countries like Argentina, Venezuela and Zimbabwe they understand very well why they need bitcoin.And once a serious crisis strikes the world, one from which it is impossible to maintain the current status quo people will begin to look for answers to what it is happening and what to do to protect themselves, many will choose gold as they have done for centuries but there will be many that will choose bitcoin instead.
The majority will go for adoption instead of regulations. Adoption increases the participation in the market for the investors while regulations just complicates things further.
Even if the general public adopts cryptocurrencies without too much regulation, I think it would be better for the future of the cryptocurrency. However, there are two good and bad aspects of everything. Adoption is more important.
There are ETF proposal from government and it has also advantages and disadvantages if I take I would take the adoption it is better then the regulations.
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