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Topic: Bitcoin needs Regulation to save itself from Forex traders! - page 2. (Read 1250 times)

legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
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.
legendary
Activity: 868
Merit: 1006
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.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
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. 
hero member
Activity: 756
Merit: 502
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?







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