Does Regulation Attempt affects the Bitcoin Price? - page 2.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: Kakmakr on February 21, 2018, 12:25:05 AM

The regulations only have a influence, when governments come with unrealistic and unfair regulations. A government can be Bitcoin friendly, but their regulations can be so restrictive that it suffocates Bitcoin's adoption and growth.

A typical example of this was the BitLicense that was introduced in New York. It was very complicated and expensive and it created a barrier to entry for many small busineses. A lot of those businesses left New York for more Bitcoin friendly states.

There news about strict regulations, will most definately have a negative affect on the price.

100% agreed. With all the hacking taking place, causing users to lose their money, I reckon the government would be given no choice but to overregulate the cryptospace to create a secure but a very restricted cryptospace environment.

Read this, I reckon the Japanese government will not take this sitting down any further.

A system error at a Japanese cryptocurrency exchange saw a user attempt to make off with a huge amount of bitcoin, according to reports.

The Zaif exchange, operated by Osaka-based Tech Bureau Corp., saw the brief glitch last week which enabled traders to make crypto purchases for free, according to Reuters.

As customers realized the situation, a number attempted to make the most of the 20-minute window for free coins. One, according to the Asahi Shimbun, even placed a order for bitcoin worth 2,200 trillion yen ($20 trillion) at the time; then moving to quickly sell it again.

Tech Bureau Corp. announced yesterday that the incident had occurred on Feb. 16, detailing that seven customers had obtained cryptocurrencies at zero cost.

Full article https://www.coindesk.com/customer-tries-to-withdraw-20-trillion-in-crypto-exchange-glitch/

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: Kakmakr on February 21, 2018, 12:25:05 AM

The regulations only have a influence, when governments come with unrealistic and unfair regulations. A government can be Bitcoin friendly, but their regulations can be so restrictive that it suffocates Bitcoin's adoption and growth.

A typical example of this was the BitLicense that was introduced in New York. It was very complicated and expensive and it created a barrier to entry for many small busineses. A lot of those businesses left New York for more Bitcoin friendly states.

There news about strict regulations, will most definately have a negative affect on the price.

Well you're right. Regulation news that seek to restrict btc too much is a kind of fud that may have big effect in general. Though i think it's inevitable that there will be restrictions because government's won't be too comfortable about an entirely independent market. We just wpuld have to ride these tides it seems

anzhanbei1214068

jr. member

Activity: 166

Merit: 1

Yes, when South Korea controlled bitcoin for a while, prices fell back, and when India controlled the currency, prices fell.

After a period of market adjustment. Now bitcoin is growing steadily.

Everything looks good now.

sumangs

full member

Activity: 644

Merit: 101

The regulations from a certain country could affect bitcoin's price when the volume of its bitcoins is high. So, the regulation occurs in the USA had a great effect on the price of bitcoin. I think some countries also regulate it until the bitcoin's price goes lower than $10k.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

The regulations only have a influence, when governments come with unrealistic and unfair regulations. A government can be Bitcoin friendly, but their regulations can be so restrictive that it suffocates Bitcoin's adoption and growth.

A typical example of this was the BitLicense that was introduced in New York. It was very complicated and expensive and it created a barrier to entry for many small busineses. A lot of those businesses left New York for more Bitcoin friendly states.

There news about strict regulations, will most definately have a negative affect on the price.

lamacchia

jr. member

Activity: 342

Merit: 4

LUCRETOKEN.COM

yepp Regulation Attempt affect the Bitcoin Price because the regulation will have an impact on supply and demand. while supply and demand will greatly impact on price and bitcoin fluctuations.
If someone suddenly sells all his Bitcoin, then the price will go down (supply increases). otherwise if someone suddenly wants to buy a lot of Bitcoin, then it has contributed to the amount of Bitcoin demand, so the price will move up.

h0lybyte

hero member

Activity: 924

Merit: 511

The process of imposing regulation on bitcoin always have somewhat negative impacts, at least a number of enthusiastic people face distress but the situation rather becomes firm later when they seek alternate ways of trading.
Like we know how deep the price dipped when china imposed banned on exchanges, but later it came on right path though

warning_btc

member

Activity: 378

Merit: 11

Decentralized Digital Billboards

Its depended from how crypto will be regulated, if this regulation accepts big restrictions yes price going back again for the time when peoples find the new ways to fool system

charlotte04

full member

Activity: 504

Merit: 102

Quote from: amsiran_irene on February 20, 2018, 08:29:09 PM

I consider myself as newbie to crypto currency, i observed that if there is news regarding regulation of Bitcoin the price fallback will follow.

Yes, I think that it will give a great impact if there is any regulation that is going to happen, but of course many people will be taxed if it does happen.

leland orser

member

Activity: 196

Merit: 10

The Experience Layer of the Decentralized Internet

That's true, most of the time some regulation of bad news will lead to the whole encryption money markets are in a big losses, and all sorts of FUD about regulation can also lead to the sharp drop in price, but most of the time, when the regulation after the bad news to come out of that is the best time to buy.

Viellefox1025

newbie

Activity: 54

Merit: 0

Bitcoin is under a supply and demand basis fro determining its price. So any news/speculations has a direct proportionate relationship with the demand. Also the impact of the news depends on how many people were able to be affected to have a significant effect on the market.

GC2263

newbie

Activity: 64

Merit: 0

definitely affect the price. whatever news from the government or regulator will have an impact on the price regardless of its bitcoin/crypto, stock market, property etc. a good news will push the price up where confident level increases resulting in higher take-up rate. a bad news will have a reverse effect.

If u are in trading, getting an early piece of good news can help having a head start.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: amsiran_irene on February 20, 2018, 08:29:09 PM

I consider myself as newbie to crypto currency, i observed that if there is news regarding regulation of Bitcoin the price fallback will follow.

it was mainly timing that led to "regulation news" causing a drop in price. otherwise the same news is usually around and price is not affected by it at all. that is how news always works!

and to answer your main question, regulation attempts can go either way. it depends on what those attempts are. for example Japan also regulated bitcoin and ever since they did that price started rising from $1000 and reached $4000+. you see not all regulations are necessarily bad, they can actually help with bitcoin's adoption or they can slow it down.

Digitalbitcoin

hero member

Activity: 1568

Merit: 502

Quote from: amsiran_irene on February 20, 2018, 09:57:10 PM

Thanks for the responses, In short government should respond to it in a positive way and the investors should embrace it, for sustainability in the long-term approach.

Yes off course. As who makes governments and for whom made governments. And answer is people. If people are looking out for innovative change which is really revolutionary then why should government creates barriers. Rather I would like to say governments from all over world have to consider possibilities of adoption of blockchain technology for better and convenient future.

amsiran_irene

jr. member

Activity: 196

Merit: 1

Thanks for the responses, In short government should respond to it in a positive way and the investors should embrace it, for sustainability in the long-term approach.

Digitalbitcoin

hero member

Activity: 1568

Merit: 502

According to specifications of Bitcoins, decentralization is the most admirable technology used to controls overall flow and circulation of generated coins. Bitcoin also have limited supply so I don't think Bitcoins will be regulated. Better, government will try to find out solutions for it. Increasing demand and limited supply will skyrocket price of Bitcoin globally. And Bitcoin will gain more popularity in coming future, which will directly affect and impact on price of Bitcoin against fiat.

rollingstorm45

member

Activity: 448

Merit: 17

so true
regulations and restrictions may affect BTC prices to fall, as investors from related countries will not want to keep more coins

while the adoption of the government will actually make people compete to buy the coin and make BTC as part of their lives

limmousine

sr. member

Activity: 546

Merit: 251

frankly the regulation of a country is very important, because the government's goal is very good to protect its citizens from fraud. it's just that some media and scammers manipulate the news into a serious problem. we also misunderstand and panic to respond.

fuer44

sr. member

Activity: 1680

Merit: 262

Although little, but the impact on bitcoin prices. because all countries will refer to one country that provides regulation on bitcoin. and that usually affects the price.

JL421

hero member

Activity: 812

Merit: 510

Regulations are a good thing people consider it bad for bitcoin but in today's world many government are against bitcoin and many have even banned it. With regulations being set it ensures safety of new investors , ensures that investors don't have to worry about a ban and panic sell
Check what japan did , it helped bitcoin a lot

Topic: Does Regulation Attempt affects the Bitcoin Price? - page 2. (Read 416 times)