Bubble and Crypto | Bitcointalksearch.org

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Quote from: Mighty_crypt on September 13, 2019, 04:10:25 AM

Since the last dot.com bubble many people stop trusting the government and bitcoin was born which offers decentralization, i think this is a big difference from dot.com because if you ask me what dot com bubble was i'd say is simply a rising asset that no one have no position in, but now that we are all hoping for regulations which ultimately will involve the government isn't it a big mistake?
Share your thoughts ....

We should never compare the dot com bubble to Cryptocurrency, the comparison is very far and vague, this is an evolving technology that are being adopted by companies and new products and services are now evolving around Cryptocurrency, Cryptocurrency is now ten years old and there are still so many things to explore here.

silverleafy

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The whole economy system works in cycles (bubbles). Now I see a bubble on stock market and on real estate market, while cryptocurrencies are at the beginning of the growth cycle. Wink

leetcoiner

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Quote from: Koobtcgal on September 18, 2019, 08:49:03 PM

We are the cause of our own problems in the crypto universe in a sense that the rate at which scam projects and hacks have been on the increase is way too much for the government to sit back without protecting its people. Regulation of crypto may send it into the hands of some centralized bodies to make crypto not attain its fully decentralized nature as we know BTC and most of the cryptos to be. If crypto was to be operating without scams ad hack attempts, I think the government wouldn't have any point to come in to save its people because some people think crypto was made on grounds to still from people who have little knowledge on crypto.

At the beginning of 2017, everyone saw how easy it was to make money in the cryptocurrency market. I think that we have not such a fatal end to date.

Koobtcgal

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We are the cause of our own problems in the crypto universe in a sense that the rate at which scam projects and hacks have been on the increase is way too much for the government to sit back without protecting its people. Regulation of crypto may send it into the hands of some centralized bodies to make crypto not attain its fully decentralized nature as we know BTC and most of the cryptos to be. If crypto was to be operating without scams ad hack attempts, I think the government wouldn't have any point to come in to save its people because some people think crypto was made on grounds to still from people who have little knowledge on crypto.

imoet

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Quote from: Mighty_crypt on September 13, 2019, 04:10:25 AM

Since the last dot.com bubble many people stop trusting the government and bitcoin was born which offers decentralization, i think this is a big difference from dot.com because if you ask me what dot com bubble was i'd say is simply a rising asset that no one have no position in, but now that we are all hoping for regulations which ultimately will involve the government isn't it a big mistake?
Share your thoughts ....

Cryptocurrency still can not use fully. But it already spread all over the world and try to involve in every part of the world. Still few government try to know about cryptocurrency and tolerate about it. Crypto needs to be legalized, so no worry anymore.

gundala

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Quote from: Reid on September 17, 2019, 09:23:28 AM

Input regulation and then maybe it will just become another digital currency and will not move much anymore.
I guess traders wont like that to happen and so is investors who are putting everything in crypto currency just so to see a big profit to come.

There are different views and opinions about this.
I say go for it. But not to the extent that the government will have much control.
Pick bitcoin instead to avoid it.

That's right, the essence of decentralized can fade. Cryptocurrency develops and functions as a niche. The legality of the government is an official acknowledgement that cryptocurrency can be used properly, however, as with many things in this world, it is always likely to be used as a tool of crime, as many fear.

Ben Shedly

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Any market is somehow reminiscent of the bubble. In order to make the stock traders are constantly manipulated prices and drive them up. But this need not be afraid, most importantly that you were able to determine when the market is saturated and it is necessary to fix their profits. The market in the future again will start pumping.

Reid

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Input regulation and then maybe it will just become another digital currency and will not move much anymore.
I guess traders wont like that to happen and so is investors who are putting everything in crypto currency just so to see a big profit to come.

There are different views and opinions about this.
I say go for it. But not to the extent that the government will have much control.
Pick bitcoin instead to avoid it.

Skroojee

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Personally, I think that so far any cryptocurrency is tied to the dollar, since you can not live without cashing out money from the cryptocurrency with the money that you will be able to pay. So far, cryptocurrencies are still inconvenient to use in full.

Golftech

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Quote from: ivaf on September 17, 2019, 04:12:22 AM

Quote from: freedomgo on September 17, 2019, 12:59:26 AM

Even if we don't hope for it, regulation will happen as there's no such thing as not regulated here when the market is already as big as a billion of dollars market. The government's job is to protect the investors and the users of crypto, they won't be able to carry out their function without regulating the market.

I believe it's not a mistake since the market is already slightly regulated now and we see some good progress especially on exchanges where there's less fraud now. Let's embrace this changes as we need this, let's comply to what the government requires us and then we can see a consistent growth for the crypto market.

I am also not against legal regulation.
However, not does this contradict the basic principles of cryptocurrencies - decentralization and anonymity?
Or, probably, it will be something new, let's call it, for example, legal cryptocurrencies.

It contradicts the intention of being anonymous, though there's no way that everyone will continue using the system that have a big market value without the interfering of the government, both for right regulations or to also have a good control with how things are getting bigger with this market.

Government will ensure its position having a much higher knowledge to incorporate its ruling to prevent more people from their jurisdiction being victimized by scammers.

X-ray

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Quote from: tunapa on September 13, 2019, 04:52:41 PM

Personally I think the crypto has a very wide advantage ! In the sense that seemingly you control your friends at will either to buy or sell . Even though crypto needs to be regulated need it to put things in order . Buy yet our freedom is at stake .

Yes it is crypto has a lot of advantages but at the same time crypto has so many disadvantage that needs to be solved. Crypto doesn't need to be regulated but it just need to get legalization. The fact that the regulation will make crypto becomes centralized. This is the big problem in the crypto and you can see how okex was following south korea regulation.
Crypto is too early to be regulated and that needs more time. Im thinking about just try to leave crypto grow with its nature.

coaprotet

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If people are speaking about regulations, they mostly think about total control over the whole crypto market. What we really need is some instance that can control the legitimacy of ICO projects that are going live to reduce the amount of scams.

ivaf

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Quote from: freedomgo on September 17, 2019, 12:59:26 AM

Even if we don't hope for it, regulation will happen as there's no such thing as not regulated here when the market is already as big as a billion of dollars market. The government's job is to protect the investors and the users of crypto, they won't be able to carry out their function without regulating the market.

I believe it's not a mistake since the market is already slightly regulated now and we see some good progress especially on exchanges where there's less fraud now. Let's embrace this changes as we need this, let's comply to what the government requires us and then we can see a consistent growth for the crypto market.

I am also not against legal regulation.
However, not does this contradict the basic principles of cryptocurrencies - decentralization and anonymity?
Or, probably, it will be something new, let's call it, for example, legal cryptocurrencies.

freedomgo

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Fully Regulated Crypto Casino

Even if we don't hope for it, regulation will happen as there's no such thing as not regulated here when the market is already as big as a billion of dollars market. The government's job is to protect the investors and the users of crypto, they won't be able to carry out their function without regulating the market.

I believe it's not a mistake since the market is already slightly regulated now and we see some good progress especially on exchanges where there's less fraud now. Let's embrace this changes as we need this, let's comply to what the government requires us and then we can see a consistent growth for the crypto market.

RealMalatesta

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Quote from: bigcash2011 on September 13, 2019, 04:42:18 PM

Yeah government involvement has both positive and negative effects so i have neutral opinion about it and secondly i think gevernments of all major countries will soon start developing their own stable coin which will be fully regulated and taxed so the real decentralized cryptos like btc and eth will gain even more value and demand because of their truly decentralized nature and being free from control of any govt or institutions.

You have a point there, I have never seen it this way because I have been worried about the way government is planning their own cryptocurrency, they will actually create a stable coin, which indirectly mean that people can still use both government's stable coin and still use bitcoin for their anonymous transaction, and really, government coins is going to be centered ion centralization, and only bitcoin would still remain the most decentralized coin that we have in the market, and I think that this will really make bitcoin have more value.

It is even a good thing that they are creating their own coin, it will at least divert their attention from the hatred they have for bitcoin, and they would not think of coming together to declare ban on it.

ethereumhunter

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Quote from: JCviggen on September 16, 2019, 07:04:16 AM

Quote from: ethereumhunter on September 16, 2019, 06:50:11 AM

I think by having regulations from the government, we will see bitcoin become a legal thing in the government's side. The public will also know that the government supports bitcoin, and they will not think that bitcoin only used for the illegal thing. They will see that bitcoin offers them a new way to make money from the internet so they can try to join like the other people. That will also help bitcoin to become famous than today.

this will happen. every year, people will learn more about Bitcoin and more and more opportunities for its application will appear. a few more years (5-10) and we will see the massive adoption of bitcoin Cool

We could hope that will happen in less than 5 years from now so bitcoin can be known as a legal thing in the governments. Yes, I see that every year, the number of people who learn more about bitcoin still increase and it only needs to wait for the right time for the bitcoin to explode. And if there is nothing wrong happens, we could see that it will come in a short time.

Inu.Guren

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Quote from: vycl87 on September 13, 2019, 07:39:27 AM

Quote from: joseyphil82 on September 13, 2019, 07:36:00 AM

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I am thinking same like you. Government shouldn't involve in cryptocurrencies world. Gov's wants to control everything. It is in its nature. They have to know everything, control and regulate it. Let the people learn what is cryptocurrencies, how can we use it, is it safe or not... Then we won't need any crypto regulation already.

nothing anyone can control bitcoin and altcoin, because they are decentralized.
goverment just create regulation for this sector for using crypto in their country like in my country, not really control them as all.

pieppiep

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I think the regulation is good to make crypto become legal as long as the government doesn't interfere with the process of trying to control the market. With the regulation, they can know people who are using crypto from transferring the money from the exchanges to their bank account. And if somehow, that person doing illegal business, then the government can track them down or chase them.

The government can trace the money from the bank account that already sent out to another account, and if the government was suspicious with the transaction, they can ask that person and clarify about the transaction. Well, that is only what I am thinking so far because with regulation from the government, I think we will get protection from the law and we can use crypto without afraid of making an illegal thing.

novaprime

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Quote from: ethereumhunter on September 16, 2019, 06:50:11 AM

I think by having regulations from the government, we will see bitcoin become a legal thing in the government's side. The public will also know that the government supports bitcoin, and they will not think that bitcoin only used for the illegal thing. They will see that bitcoin offers them a new way to make money from the internet so they can try to join like the other people. That will also help bitcoin to become famous than today.

I think the government is using Bitcoin to do illegal activities and we cannot know this. The market is anonymous and we don't know who transferred it, so Bitcoin is always the choice for the bad guys to do this. In the near future the Crypto market will soon legalize and that's when we will be in a lot of trouble because they will soon track down where our money comes from.

Lexurdania

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Quote from: Mighty_crypt on September 13, 2019, 04:10:25 AM

Since the last dot.com bubble many people stop trusting the government and bitcoin was born which offers decentralization, i think this is a big difference from dot.com because if you ask me what dot com bubble was i'd say is simply a rising asset that no one have no position in, but now that we are all hoping for regulations which ultimately will involve the government isn't it a big mistake?
Share your thoughts ....

Buble that happens to dotcom can happen to cryptocurrency if every new project appears without a clear product. In my opinion, with the existence of a pump and dump project, buble could have happened but seeing the dominance of bitcoin that is above 60%, I think the cryptocurrency market value is still within safe limits because the value of altcoins that don't have products becomes small

Topic: Bubble and Crypto (Read 382 times)