I believe so. For a currency to become widespread, lots of people need to accept it. Regulation can create demand for bitcoins. By making them a means of paying taxes or closing major financial transactions, it provides legitimacy to the currency. That naturally propagates knowledge, familiarity and demand for Bitcoins across a wider range of people, breeding acceptance. Some say that legitimacy is what Bitcoin really needs.
As more people embrace and adopt Bitcoin and governments worldwide accept it, the marketplace gains more liquidity, naturally decreasing Bitcoin’s volatility
Done intelligently, regulation can solve key problems that bitcoin is now facing in its efforts to become a proper currency.
Topic: Can REGULATION Really Be Beneficial to Bitcoin? - page 6. (Read 17884 times)
My thought is that bitcoin needs to be regulated! Regulations will bring the confidence of institutional investors on bitcoin and cryptocurrencies in general. The scamming activities will be reduced if bitcoin is regulated and monitor by the governments.
I think so, I hope many users support this, this is the first step for crypto exploration. in fact people are reluctant to use crypto if the government prohibits it? the government has a big influence. so regulation is very useful and needed for bitcoin Regulation is good in term of making the community less prone to scams and schemes. There will also be control with the coming of different kind of coin. The only problem with this is that, the regulator might have personal interest and may cause complicated system with crypto. The only thing that should not be move in the system is the full control of the users over their funds and no one should intervene and take interest on it.
Regulations have enormous benefits for the direction of the development of cryptocurrencies is much better. Regulations can make significant changes because it can help develop Bitcoin much safer and more secure.
It actually give us trust to invest in here cause we think that we are protected by the government and surely give assurance that they will save us away from illegal activities which causing more losses due to scam and frauds.
Regulation is good in term of making the community less prone to scams and schemes. There will also be control with the coming of different kind of coin. The only problem with this is that, the regulator might have personal interest and may cause complicated system with crypto. The only thing that should not be move in the system is the full control of the users over their funds and no one should intervene and take interest on it.
Regulations have enormous benefits for the direction of the development of cryptocurrencies is much better. Regulations can make significant changes because it can help develop Bitcoin much safer and more secure.
Regulation is good in term of making the community less prone to scams and schemes. There will also be control with the coming of different kind of coin. The only problem with this is that, the regulator might have personal interest and may cause complicated system with crypto. The only thing that should not be move in the system is the full control of the users over their funds and no one should intervene and take interest on it.
Regulations have enormous benefits for the direction of the development of cryptocurrencies is much better. Regulations can make significant changes because it can help develop Bitcoin much safer and more secure.
Regulation is good in term of making the community less prone to scams and schemes. There will also be control with the coming of different kind of coin. The only problem with this is that, the regulator might have personal interest and may cause complicated system with crypto. The only thing that should not be move in the system is the full control of the users over their funds and no one should intervene and take interest on it.
Regulations have enormous benefits for the direction of the development of cryptocurrencies is much better. Regulations can make significant changes because it can help develop Bitcoin much safer and more secure.
Regulation is good in term of making the community less prone to scams and schemes. There will also be control with the coming of different kind of coin. The only problem with this is that, the regulator might have personal interest and may cause complicated system with crypto. The only thing that should not be move in the system is the full control of the users over their funds and no one should intervene and take interest on it.
The regulations are important in order to protect the bitcoin users from hackers and scammers. The regulations can benefit the bitcoin because it can help to increase its popularity. For example, in my country the bitcoin is now legalized and there are now many regulations implemented by our government; people in my country are now interested to buy cryptocurrencies because they know that they are now safe in using cryptocurrencies.
Regulation of btc might help as many institutional investors would be interested in buying btc if there are concrete regulations.
Until then, price will continue to be manipulated by big whales and news.
I to this am ambiguous.Yes,on the one hand, regulation will attract a lot of money, but at the same time will scare away those who earn on the races of the course.In addition, I would not want the authorities of my country to know about the number of coins in my wallet.Personally, I'm against regulation. Until then, price will continue to be manipulated by big whales and news.
It is extremely unlikely putting regulations over bitcoin and it will influence the bitcoin cost yet it will rather bring more speculator into crypto space.
There is apportion of financial specialist who is need to come and speculator into crypto space yet right now they dont know the eventual fate of bitcoin ETF. At the point when bitcoin is managed by all mean ICO will likewise get control board which will direct ICO against trick Project.
So Regulating bitcoin will make the crypto advertise progressively alluring to speculator.
There is apportion of financial specialist who is need to come and speculator into crypto space yet right now they dont know the eventual fate of bitcoin ETF. At the point when bitcoin is managed by all mean ICO will likewise get control board which will direct ICO against trick Project.
So Regulating bitcoin will make the crypto advertise progressively alluring to speculator.
In my opinion, the regulation would help Bitcoin grow even further. Yes, it is a decentralized currency but that doesn't guarantee anything even if it is being used by many. Regulations would really help investors and users alike to clear some of their fears when using Bitcoin
For me it is good to be legalize bitcoin but for sure it is next to impossible as this way availability of bitcoin will under controlled and people will have to pay high taxes and also they will have to use bitcoin only in limit, so I think government will not provide legalization officially, they only can allow the use of bitcoin openly in common stores otherwise I think bitcoin is an independent currency. Bitcoin is thriving hard and one of its major features that has endeared users to it is it's decentralisation meaning that it's not under any regulations.
Although regulations has its benefits but bitcoin would collapses if any agency has a hold of it
In my opinion the regulations issued by a country are very influential on the development of bitcoin in the country. Because if the country issues a bitcoin regulation prohibited from being used in that country, it is certain that bitcoin will slowly die.Although regulations has its benefits but bitcoin would collapses if any agency has a hold of it
However, if the state states that bitcoin is free to use in that country, then bitcoin users will quickly develop and become a large financial industry because they carry out transactions without fear.
My thought is that bitcoin needs to be regulated! Regulations will bring the confidence of institutional investors on bitcoin and cryptocurrencies in general. The scamming activities will be reduced if bitcoin is regulated and monitor by the governments.
Likewise, it give us more confidence in putting our money into investing crypto since we knew that we are now protected by the government and we have claims if they would try to fraud us or even scam us. Regulation will give safe for all crypto holder's but we don't know if our taxes will be fair for us.
Bitcoin is about DECENTRALIZATION. Without decentralization and regulation there is no value in it. But it was precisely by his anarchism that he conquered popularity.
My thought is that bitcoin needs to be regulated! Regulations will bring the confidence of institutional investors on bitcoin and cryptocurrencies in general. The scamming activities will be reduced if bitcoin is regulated and monitor by the governments.
I tend to agree with you that if bitcoin will become regulated, the regulation will add more legality to bitcoin and more people will be freer to adopt bitcoin for their transactions and this will include institutions and other corporate bodies. But regulation will definitely run counter the concept and intention of the originators of bitcoin which they believe will address the unfair system in the financial world.
In my opinion regulation of bitcoin is necessary. What I understand when I say regulation is that Countries officilay recognize Bitcoin as virtual currency, that people in this world can buy bitcoin from every shop, from every Supermarket, and when they buy this Bitcoin (to buy what they want on the internet) they have to be certain that the value of the Bitcoin will appreciate as the Supermarkets prices appreciate.
I am Romanian, 8 years ago I was buying with 50 Lei (approximately 16 Dollars in 2010) 10 - 14 kilograms of food from the Supermarket, today I am buying 4 - 6 kilograms of food from that supermarket and I am paying 160-180 Lei (approximatley 40 dollars). Thus today I am paying the Supermarket food with approximately 6x the price that it had 8 years ago.
People that pay with bitcoin have to be certain that when buying Bitcoin their Bitcoin will have the same (new and improved) buying capability in the next 20-60 years to come.
This is why Regulation is beneficial to Bitcoin.
I am Romanian, 8 years ago I was buying with 50 Lei (approximately 16 Dollars in 2010) 10 - 14 kilograms of food from the Supermarket, today I am buying 4 - 6 kilograms of food from that supermarket and I am paying 160-180 Lei (approximatley 40 dollars). Thus today I am paying the Supermarket food with approximately 6x the price that it had 8 years ago.
People that pay with bitcoin have to be certain that when buying Bitcoin their Bitcoin will have the same (new and improved) buying capability in the next 20-60 years to come.
This is why Regulation is beneficial to Bitcoin.
Joseph Stiglitz, the Nobel Prize-winning former chief economist of the World Bank, Nouriel Roubini and Kenneth Rogoff were in unity in claiming that Bitcoin’s value could drop to just $100 after being "regulated into oblivion".
However experts from trading platform Blocktrade.com and LoyalCoin stressed that "REGULATION WILL NOT MAKE BITCOIN PLUMMET TO $100. It will not kill off cryptocurrency but will in fact be vital to crypto's growth. It will be essential to the adoption of cryptocurrency on a global scale. And will encourage more businesses to start taking the emerging technology seriously. The key issues affecting cryptocurrency, like security and volatility, can be rectified through regulation". [https://www.businesscloud.co.uk/news/regulation-will-not-make-bitcoin-plummet-to-100]
I've read this somewhere; The currencies that succeed, are not those that circumvent the state, but rather those that are legitimised by the state.
But it is a known fact that, Bitcoin is a decentralized digital currency. Free from government interference and manipulation.
Does this mean that Bitcoin, being the most popular and most sought after cryptocurrency, still cannot be considered a successful currency?
How can regulation help Bitcoin along with other cryptocurrencies? Will it benefit the investors as well?
Your thoughts guys..
However experts from trading platform Blocktrade.com and LoyalCoin stressed that "REGULATION WILL NOT MAKE BITCOIN PLUMMET TO $100. It will not kill off cryptocurrency but will in fact be vital to crypto's growth. It will be essential to the adoption of cryptocurrency on a global scale. And will encourage more businesses to start taking the emerging technology seriously. The key issues affecting cryptocurrency, like security and volatility, can be rectified through regulation". [https://www.businesscloud.co.uk/news/regulation-will-not-make-bitcoin-plummet-to-100]
I've read this somewhere; The currencies that succeed, are not those that circumvent the state, but rather those that are legitimised by the state.
But it is a known fact that, Bitcoin is a decentralized digital currency. Free from government interference and manipulation.
Does this mean that Bitcoin, being the most popular and most sought after cryptocurrency, still cannot be considered a successful currency?
How can regulation help Bitcoin along with other cryptocurrencies? Will it benefit the investors as well?
Your thoughts guys..
Regulation of cryptos will end up ensuring their growth and widespread use at the end of the day. They will naturally loose its niche and become a more mainstream thing, with everyone being able and wanting to use them. Now, will that change the way that cryptos are used, who knows. Some believe this would cause price drop, centralization, loss of users support but I don't think this is the case, quite the opposite really, regulation could bring legal background and support to Bitcoin and more adoption, especially by businesses.
Bitcoin is thriving hard and one of its major features that has endeared users to it is it's decentralisation meaning that it's not under any regulations.
Although regulations has its benefits but bitcoin would collapses if any agency has a hold of it
Although regulations has its benefits but bitcoin would collapses if any agency has a hold of it
I do not think that regulation will give impetus to the growth of Bitcoin, the same is not compatible things, after regulation there will be no such price jumps.
it is not possible to regulate bitcoin.
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