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Topic: Bitcoin Problems: Lack of regulation creates a risky environment. - page 3. (Read 601 times)

newbie
Activity: 126
Merit: 0
What rule do you mean? What are government regulations? I think nobody can manage bitcoin even though it comes from a great institution. If what you expect is a rule to ensure security for users and bitcoin holders, I think the main thing we should see is the security of the wallet key. The thoughtful and responsible thinking of every bitcoin holder and user is also necessary to avoid abuse and crime.
full member
Activity: 379
Merit: 100
I think it is always dangerous. Here it is important to have faith and to really study the market to keep abreast of all the events and understand what is happening. If you believe and go to the end, do not take into account the various rumors, you can be surely making a profit.
hero member
Activity: 826
Merit: 523


Regulating of bitcoin means literally confining it because regulations in one way or another will only be in the interest of established business leaders, and this opposes the essence of the Blockchain. What should be really taken into account is how to develop creative ways regarding mining bitcoin which is a process that consume a massive amount of energy. 





newbie
Activity: 100
Merit: 0
It is in the public interest to institute some common sense regulations, especially when dealing with exchanges. Exchanges need to be held yo high standard when it comes to security and the protection of crypto assets. They also need to be held responsible for market manipulation that might occur and to ensure that all trading is fair.
full member
Activity: 392
Merit: 137
The lack of regulation is freedom. There are always risks in everything. But a free person is aware of this and takes responsibility for the decisions taken. Regulation is a responsibility on regulators. They may not always be able to keep you safe, but they will take your freedom for good. You need this? It seems to me that the current crisis of cryptocurrencies is largely due to the tightening of the policy of regulation of this market.
jr. member
Activity: 168
Merit: 1
For me the lack of regulation is not the one who creates a risk environment. The one who creates a risky environment is the people who invested the Bitcoin and the lack of regulation does not affect the Bitcoin to become risky. For me the bitcoin can play his part very well and it does not affect anything, it only become risky when the person who want to invest on bitcoin have only a few knowledge about bitcoin. So it will not be risky for them they should study and learn first the bitcoin so they will know what to do with the bitcoin when they invest on it already.
jr. member
Activity: 196
Merit: 1
I do not think to impose such regulation could fix the problem involving the risk of bitcoin. I believe that the people investing bitcoin should understand the behaviour of bitcoin in the crypto market to lessen the risk. I believe if they do understand how bitcoin works, definitely these people could somehow feel safer then with their investment. People should not be dictated by their emotions before making decisions especially during bear markets.
legendary
Activity: 1946
Merit: 1137
i think that the lack of regulations is only giving people more scams at the moment, like all those bastards that scam on telegram channels about icos.

regulations will not solve that problem ever. it is not capable of doing it.
as long as the system is open source and free to use, there will be a lot of scammers who create shitty ICOs to scam others, and there will be lazy developers who want money who will create other type of shitty ICOs to scam people in a different way. in the end whether it is an obvious or non-obvious scam they are all doing the same.
the people (investors) themselves should be more careful and not invest in ANY ICO ever.
legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
While this may seem like the case right now, regulations can only go so far and can only help for so long. There is a time when regulations go too far, sometimes meaning to go too far, in an attempt to cripple something through regulatory action. I could, without a doubt, see governments funded by bankers (politicians funded by bankers really) doing this in order to kill bitcoin so it doesn't hurt the big banks at all. I've thought time and time again if the banks ever have an INKLING that bitcoin is going to hurt them in the lease -- they're going to kill it INSTANTLY.

That's the way it goes.
member
Activity: 163
Merit: 10
i think that the lack of regulations is only giving people more scams at the moment, like all those bastards that scam on telegram channels about icos.
full member
Activity: 434
Merit: 100
Regulation is not needed for bitcoin but some other parts of cryptocurrency really needs to be regulated. Bitcoin is a decentralized currency and is doing really just fine but greed will always come in and some want to have control over it. Many have seen it for avenue to enrich themselves and looting others while at it. Am talking about ICO in articular which the craze for it keeps increasing rapidly. So i believe that regulation is really needed in that space.
sr. member
Activity: 812
Merit: 250
It is true that the lack of regulation makes it all out of control and it is very risky for the future and I think all rules must be made for future success.
Well the system itself has many advantages and disadvantages when we're talking about regulation. Lack of regulation makes bitcoin so good because it allows many people to do whatever benefits them. On the other hand with this kind of situation many will take advantage because they can do something with other people.
member
Activity: 336
Merit: 14
A lot of people did well on bitcoin for almost a decade without regulations. Just need to be extra careful. Extensive research and background checking is a must. Not against regulation. Bitcoin will not become mainstream without regulation.
hero member
Activity: 2590
Merit: 644
The regulation for bitcoin will come in the future for sure because the government are now taking a look for the cryptocurrencies and bitcoin is the representative of the cryptocurrencies so when they get interested in adopting bitcoin then they will just accept it and put a regulation into it.
hero member
Activity: 1092
Merit: 501
One of the large problems of Bitcoin as well as the other value-based blockchain network.
Regulation will kill bitcoin because its main goal - decentralization - will be compromised.
After we hear that this or that country tried to regulate bitcoin its price always goes down - and that's a very bad signal.

Regulation is not going to kill bitcoin what it can kill it is if governments are effective at applying the regulation, as an example in my country we have similar laws like those in most countries against major crimes but the reason criminals do not respect those laws is that almost no one gets caught and sentenced by their actions, so criminals do whatever they want with impunity, if the regulations imposed by governments are not followed and no one is punished those regulations will mean nothing.
newbie
Activity: 42
Merit: 0
Risky probably for those that just jump in suddenly and not knowing what they are investing in.
newbie
Activity: 182
Merit: 0
Yes,  Smiley there are no such regulations in bitcoin. But that doesn’t creates Sevier problem. It doesn’t make the investment  Huh risky and the investor face no problem for this as per I believe.  Roll Eyes
member
Activity: 364
Merit: 13
I think I would not agree with that, what ever btc made (about their regulation) are being supported by the community so it means it don't have something lacking and risky is normal in all cryptos buy not with the btc environment.

The community have not completely accepted this. That's why every news about the regulations, cause the price to be heavily changed.
member
Activity: 275
Merit: 10
We offer our Service
I think I would not agree with that, what ever btc made (about their regulation) are being supported by the community so it means it don't have something lacking and risky is normal in all cryptos buy not with the btc environment.
hero member
Activity: 900
Merit: 503
One of the large problems of Bitcoin as well as the other value-based blockchain network.
Regulation will kill bitcoin because its main goal - decentralization - will be compromised.
After we hear that this or that country tried to regulate bitcoin its price always goes down - and that's a very bad signal.
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