Topic: Bitcoin must be regulated! - page 9. (Read 2409 times)
Regulations is the hallmark that add value to individual and organization, I believe for Bitcoin to retain it's value and standard regulations will tend to give trust for more investors to come into the community and reduce scammers in the space.
This is necesarry now because bitcoin involve huge money and the possibilities is that the bitcoin that we may hold may not have any value any more for its equivalency to fiat money are already secured in the owners system pocket. Our trust is slowly degrading for what we had on the current market even the huge investors are already withdrawing their money on bitcoin. And it does not help with small scale investors so there should be a preventive measure to be undertaken but hey where are the team? Common people like me does not even know who owns bitcoin and who are the team composing of bitcoin. If the system needs advancement they should create a remedial for the current market like having another promotion to get more investors. With the attitude of the market price manipulator right now there is no guarantee that bitcoin market price could recover. There is no action being taken and i do not if the team are so selfish with their business on this system they created. Are they only milking the investors? Obviously if this is their ideals then i will not expect bitcoin will last long.
I feel sad you feel this way. I believe you should some time to do some research on bitcoin and cryptocurrency as whole. The basic ideology behind bitcoin and cryptocurrencies is decentralization. Please a little research will help you understand cryptocurrency.
There are a lot of advantages and also disadvantages too if bitcoin go under regulation and the worst part is if it become regulated then government can imposed tax on it.
Yes, I also think so, because without regulation the illegal use and scamming can never be stop and we will always become harmful.
Before answring this question I must say you should learn about bitcoin and blockchain system and I believe after that you can not say this any more.
All outside trade courses through banks or money houses, Once the stream of fiat to crypto and the other way around is overwhelmingly through trades, it will be less demanding to battle illegal conduct and guarantee assess is paid. Notwithstanding, for that the happen we first need banks to open records for trades.
I believe bitcoin can not be regulated because nobody can control it. Bitcoin is decentralized cryptocurrency. If it is regulated then it lost its basic core principle.
we do not need another centrally controlled entity as fiats, bitcoin is meant to provide alternative means of payment, peer-to-peer,without borders
I believe bitcoin can not be regulated because nobody can control it. Bitcoin is decentralized cryptocurrency. If it is regulated then it lost its basic core principle.
Regulating bitcoin makes no sense to me, there is nothing to be regulated, transactions are initiated by individual, does not need a body to confirm it, generating new bitcoins are also done independently
For simple and short buddy no single individual can regulate bitcoin. Many have tried but remains fruitless. No matter what happens the supply and demand of bitcoin will vindicate its regulation and nothings else.
what are you going to do if he's going to govern? the whole market is tied to speculation, and we make money on it
Actually bitcoin was not created for investment purpose. It was created just for transactions. But we people cheated it's main objective. And started taking advantage by making it as investment source.
And the prices were pushed up to 20k in 2017. Many new investors because of their greed to become rich overnight; entered this market when the prices were very much high. So naturally when the bulls withdrew themselves from the market the prices fell to the ground.
It is not the fault of bitcoin.
Also it's very nature is it's freedom. In can not be controlled.
Governments are trying to control it. But they can control when we buy it using fiat currency via Banks. Otherwise if are are already holding bitcoin they can not stop it's usage i.e. they can not stop buy services and goods via bitcoin.
And the prices were pushed up to 20k in 2017. Many new investors because of their greed to become rich overnight; entered this market when the prices were very much high. So naturally when the bulls withdrew themselves from the market the prices fell to the ground.
It is not the fault of bitcoin.
Also it's very nature is it's freedom. In can not be controlled.
Governments are trying to control it. But they can control when we buy it using fiat currency via Banks. Otherwise if are are already holding bitcoin they can not stop it's usage i.e. they can not stop buy services and goods via bitcoin.
I do not agree that bitcoin needs to be regulated all its charm in that it just is decentralized and is not regulated by any of the governing bodies
i think if it can be regulated by security and exchange commissions as part of regulations in the stock and fx market, then bitcoins can become a mainstream investment asset.
This is necesarry now because bitcoin involve huge money and the possibilities is that the bitcoin that we may hold may not have any value any more for its equivalency to fiat money are already secured in the owners system pocket. Our trust is slowly degrading for what we had on the current market even the huge investors are already withdrawing their money on bitcoin. And it does not help with small scale investors so there should be a preventive measure to be undertaken but hey where are the team? Common people like me does not even know who owns bitcoin and who are the team composing of bitcoin. If the system needs advancement they should create a remedial for the current market like having another promotion to get more investors. With the attitude of the market price manipulator right now there is no guarantee that bitcoin market price could recover. There is no action being taken and i do not if the team are so selfish with their business on this system they created. Are they only milking the investors? Obviously if this is their ideals then i will not expect bitcoin will last long.
Cryptocurrency has become one of the most sought topics of all around the world. Regulation and government interference is certainly the biggest challenge facing cryptocurrency today.Peraonally,I'm totally support of regulation of Bitcoin because Regulation is a good thing for bitcoin and will increase adoption. This is necesarry now because bitcoin involve huge money and the possibilities is that the bitcoin that we may hold may not have any value any more for its equivalency to fiat money are already secured in the owners system pocket. Our trust is slowly degrading for what we had on the current market even the huge investors are already withdrawing their money on bitcoin. And it does not help with small scale investors so there should be a preventive measure to be undertaken but hey where are the team? Common people like me does not even know who owns bitcoin and who are the team composing of bitcoin. If the system needs advancement they should create a remedial for the current market like having another promotion to get more investors. With the attitude of the market price manipulator right now there is no guarantee that bitcoin market price could recover. There is no action being taken and i do not if the team are so selfish with their business on this system they created. Are they only milking the investors? Obviously if this is their ideals then i will not expect bitcoin will last long.
Ever since I started to enter bitcoin, I have watched how it actually grow and begin to be internationally patronised in different countries. In my opinion, I do not think bitcoin regulation is necessary. I mean, for a this past few years bitcoin can stand alone and so doesni believe for this coming years it can still do the same.
regulation is still limited to KYC / AML, I am sure the government has not been able to make strong regulations and they are still preparing it very carefully, nothing can be fully regulated in the online world because there are always gaps that cannot be regulated 100%.
But if bitcoin is indeed desired to join a business that is connected with the government, then it cannot continue to run independently, I agree with the op in this matter.
But if bitcoin is indeed desired to join a business that is connected with the government, then it cannot continue to run independently, I agree with the op in this matter.
I did not quite understand what the author is talking about, but bitcoin needs regulation. This will give a new influx of fresh money into the cryptocurrency market. Otherwise, most people will not enter the cryptocurrency market, as they are afraid.
Not agree with you and after reading your article I just understand that you know nothing about crypto and bitcoin and also blockchain technology.
Bitcoin must get a regulation because when Bitcoin gets regulation, the level of trust in the digital currency will improve. As we know that there are still many people who have not been able to accept the development of digital currencies well, but when there is a regulation, everyone will be easier to use and understand digital currencies in the life of financial transactions every day.
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