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Topic: Adoption or Regulations why way is better for bitcoin ? - page 5. (Read 986 times)

sr. member
Activity: 490
Merit: 250
The issue that mentions Bitcoin and other crypto are just schemes and untrustworthy because they are illegal, and many countries forbid Bitcoin to cause big doubts in the minds of new investors, so Bitcoin and other cryptocurrency needs to be regulated in advance so that adoption will run smoothly because of the trust of new investors,so that we can see mass adoption will be fast.
legendary
Activity: 2576
Merit: 1043
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I think adoption is way better because if many people will use bitcoin in the next years, the government of different countries will follow regulating it.

This Bitcoin ETF is just another step into the Bitcoin's massive adoption. If this will be approved, this can be a reason to the rise of the price of bitcoin. If not, then it can go lower than the key support.
newbie
Activity: 252
Merit: 0
well to be honest I can't compare this two things, their results and systems both are very different from each other so I would say that you should gather information about them so that you can choose on your own that which one is better for you
newbie
Activity: 112
Merit: 0
Definitely, adoption is better for bitcoin at first. If mass adoption happens then automatically regulation will take place. But if regulation is started before adoption then it can be both positive or negative for bitcoin.
full member
Activity: 406
Merit: 100
Adoption of Regulations will better for bitcoin because by the adoption of regulations a lot of new investors will entering in this market, those are not interested before due to fear of fraud in absence of any regulations. It increases the demand for bitcoin and helps to make a new high of bitcoin.
sr. member
Activity: 672
Merit: 251
Adoption is probably the better. I can't see any regulations during the first 5 years of bitcoin. Only adoption of people were present and look at the growth, it is strong right? So, adoption is clearly the better way.
member
Activity: 840
Merit: 40
Both are required as adoption requires some regulations because it is a digital currency and those who adopt it as a payment require some rulings as per their country laws. If it is adopted then it will be regulated and it will change the whole market scenario and a huge demand come out from new investors.
legendary
Activity: 3542
Merit: 1352
Both scenario will surely help bitcoin succeed however, the most plausible one is the mass adoption first, regulations follow. Governments only regulate certain type of asset class/investments if it see that public attention towards it is high. If people already adopt bitcoin right before regulation, there's a solid foundation for survival, regulation only strengthens the masses' confidence about it. Whereas in the opposite scenario, no one would dare touch bitcoin if regulations and taxes are already in place; no one would take hefty profits and no one would be interested as it would seem like bitcoin is just like stocks and derivatives, only with a sassy name.
newbie
Activity: 126
Merit: 0
I think adoption is better than regulation for bitcoin. Too much regulation can destroy an economy, though there has to be some regulation in the economy. Bitcoins should be adopted by a huge number of people, it will be better for the economy.
newbie
Activity: 252
Merit: 0
I think adaption offers bigger impact on crypto market rather than regulation. Regulation shrinks the opportunities but adaption increases opportunities. So in my opinion adaptation is better than regulation
sr. member
Activity: 784
Merit: 314
in my opinion, this is indeed 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 indicates that bitcoin has a place. This is a step that must be done in my opinion.
full member
Activity: 434
Merit: 103
Thinking on the higher plane of existence.
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 ETF proposal is an effort to increase Bitcoin adoption among investors and the gradual adoption of Bitcoin, in general, is the result obtained from various efforts, I can't compare it because efforts and results are two interrelated things



Same opinion bro, regulation is just an action of the government to protect its citizen from different scams from crypto industry. Well, at first, we can see that it will effect negatively on price but in the long run it may do good because the government itself will endorsed cryptocurrency to its citizen and thus promoting mass adoption.
newbie
Activity: 62
Merit: 0
There is little chance of mass adoption of bitcoin without any regulation since people fear that they might lose their money. Imposing regulations on bitcoin will surely increase safety and trust but the regulations should be kept to a minimum. If we get the ETF approval then we’ll see a huge volume increase in bitcoin which might result in a higher price.
legendary
Activity: 3248
Merit: 1402
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The ETF isn't a government related affair, but it will allow institutional investors to participate in bitcoin trading. Regulation will help mainstream adoption by providing a legal framework so really both is needed to succeed
That's right. I think we should separate regulation and control. While both involve some institutions intervening, the former creates the legal basis for operations and partial price manipulation and the latter presupposes complete price manipulation and possession of at least significant supply. Futures contracts are basically also a way a regulating bitcoin, and this involves serious price manipulation, because the real price is not even taken into consideration. ETF approval is a way to make investments purely legal and the price is supposed to be approximately what's on the market. Btc control is not possible at all, because even a legislation forbidding to use bitcoin doesn't mean that btc will really not be used or anything. And the marketcap of btc is so huge that buying a control package seems close to impossible.
sr. member
Activity: 980
Merit: 250
Adoption through regulations is the best way to get a lot of new investors in this market as many people are not entering this market because of no regulation if any fraud happens. Regulations create huge value for bitcoin as demand grows significantly but supply is shorting day by day.
newbie
Activity: 32
Merit: 0
From economical asset perspective of course it is better for bitcoin to be adopted from the side of regulations, ETF`s etc. But from the perspective of a technology it would be better for goverment to leave crypto alone
legendary
Activity: 1624
Merit: 2481
Definitely adoption.

Bitcoin never was meant to be regulated by the government.
Satoshi created bitcoin as a currency to be independent from any government or governmental regulated financial system.

Regulations may bring in new investors. This might drive up the price (short term). But for bitcoin to really succeed and be an established currency around the world, mass adoption is needed.
Regulations can help here, but are definitely not required.

Adoption without regulation can work pretty well. But regulation without adoption won't let bitcoin succeed in the long term.
member
Activity: 532
Merit: 15
Mass adoption is the key Smiley
copper member
Activity: 294
Merit: 1
Both adoption and regulation in this order is good for the overall success and continous growth of cryptocurrencies.
More user participation would increase adoption and regulation will build trust and confidence.
member
Activity: 448
Merit: 10
I don't know what a big impact it will have on crypto if bitcoin ETFs are approved but what I think is now that bitcoin needs good news from ETF proposals to make the price rise again
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