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Topic: How do you feel about market regulation? - page 10. (Read 3055 times)

member
Activity: 350
Merit: 11
This is just my thought, cryptocurrency market cap already reach more than 300billions dolar and its involving big money and involving many people in various country, regulation on cryptomarket is a must because it will at less to protect peoples money from being fraud
the digital currency market is only one so all the bitcoin users around the world come together in one market and so far the market regulation I do not think there is nothing burdensome there will only be different in each country that is about the use of bitcoin for the market there are that are allowed and some are not .
sr. member
Activity: 2366
Merit: 305
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There are no specific regulation has been set up in crypto world apart from the regular KYC check which is followed on most exchanges now a days. Apart from this each country which accepted crypto has regularized crypto in their land but there is no common regulation passed or under process as of now. There should be a common code of conduct for crypto market is my opinion.
full member
Activity: 263
Merit: 100
I feel calm and pacific just because this is far not the frst time happening with me, and I predict that this is far not the last time going on
full member
Activity: 364
Merit: 100
There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.

Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.

What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?

Rage

Market regulation for me is just fine, paying transaction fee's means you are paying your taxes and the government should not even complain about that because cryptocurrency today is helping different peoples life.
member
Activity: 296
Merit: 13
There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.

Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.

What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?

Rage
I do have the same fear. Regulating bitcoin will contradict its very nature of peer to peer and direct transactions without any third party intervention. It is so good to know that bitcoin allows us full control and suddenly government would wanna manipulate. It will definitely change the system and will limit the and usage and advantage to the benefit of the regulators.
full member
Activity: 406
Merit: 100
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There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.

Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.

What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?

Rage
actualy all of us is different vision or thinking  about this regulation in bitcoin and we respect each other opinion,but in my thought there is advantages and disadvantages if this regulation of digital currency will be implemented,definetly the positve impact of this if bitcoin is become regulated that all transaction will be transparent and the procesing fee of all trading exchange should be equal and the government will be benefited of the income tax of cryptocurrency investment that can be used in some  infastracture project while the negative impact of this that maybe the pump situation of all crypto coins would be stopped due to have a regulated law  in cryptocurrency incrementation. 
newbie
Activity: 24
Merit: 0
This is just my thought, cryptocurrency market cap already reach more than 300billions dolar and its involving big money and involving many people in various country, regulation on cryptomarket is a must because it will at less to protect peoples money from being fraud
member
Activity: 588
Merit: 11
There are many kinds of market regulation and I think that any government should impose a fair cryptocurrency regulations and should be focus on protecting the investors from scams and other illegak activities involving bitcoin or any cryptocurrencies. Strict regulations can't attract many investors because trading or exchange activities are limited.
full member
Activity: 532
Merit: 101
There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.

Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.

What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?

Rage


no! no! no! bitcoin should not be regulated. it is very impossible as well. as we all know government will always find a way to sow what we plant, it shouldn’t work that way in bitcoin.
I am not agree with you as for me it is yes, yes and yes, now almost everywhere we need bitcoin as bitcoin is best source to pay for goods and it is allowing us to involve investment and trading with bitcoin, now my government is showing really positive attitude towards regulation of bitcoin and same as my place many more are accepting the worth of bitcoin which will keep on increasing so bitcoin regulating as globally is now certain.
i think government will not turn a blind eye to the development of cryptocurrency technology. of cryptocurrency will be able to prosper society so i think later there will be clear market regulation from government
full member
Activity: 1008
Merit: 101
There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.

Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.

What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?

Rage


no! no! no! bitcoin should not be regulated. it is very impossible as well. as we all know government will always find a way to sow what we plant, it shouldn’t work that way in bitcoin.
I am not agree with you as for me it is yes, yes and yes, now almost everywhere we need bitcoin as bitcoin is best source to pay for goods and it is allowing us to involve investment and trading with bitcoin, now my government is showing really positive attitude towards regulation of bitcoin and same as my place many more are accepting the worth of bitcoin which will keep on increasing so bitcoin regulating as globally is now certain.
sr. member
Activity: 1274
Merit: 261
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   Government is centralized system, Bitcoin is decentralized. Governments will be able to regulate Bitcoin only within
its boundaries, or they can try, internet is free for all if you know how to access it.
   Now government can look at Japan and to see how they did it. Japan is a good example how that should be done.
With knowing what kind of government there are in the world, we can presume that some will be soft to Bitcoin, other`s
will be strict.
   I think governments should be open to new technologies like Blockchain is. I hope my government will start to think
soon about it, for now they didn`t gave any statements about Bitcoin.
newbie
Activity: 149
Merit: 0
There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.

Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.

What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?

Rage


no! no! no! bitcoin should not be regulated. it is very impossible as well. as we all know government will always find a way to sow what we plant, it shouldn’t work that way in bitcoin.
legendary
Activity: 2170
Merit: 1427
It seems to me that after a while, when the crypto currency will become more legal in most countries, then the impact on the market will be even greater. then other state-level players will enter into force, which will squeeze out crypto-currencies from the market of ordinary users.

That will definitely happen, and I am sure this process has already started. In no shape or form do I think the peak of last year was genuine. It was nothing more than an artificially created hype (likely funded by institutions) in the runup to the future markets that would be going live. The massive correction afterwards is where the so called squeeze out happened.

People don't realize it, but they are in this market before institutions, which isn't something that happens frequently. It probably won't ever happen again, so praise yourself for owning Bitcoin. Selling coins means handing over your coins to the elite that will sell you back only a fraction of the coins you sold in recent times, but for the same amount of fiat. Don't feed the elite that you are trying to avoid in the regular economy. Wink
legendary
Activity: 2044
Merit: 1115
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You can regulate the circulation of bitcoin inside the country and the procedure for its exchange and use on exchanges, exchangers, banks, etc. You can regulate the procedure for its taxation, ICO. This is entirely permissible. However, one should not allow states to try to regulate the basic principles of the existence of bitcoin - decentralization, relative anonymity, confidentiality and some other of its technical characteristics.
It sounds terrible man. Market regulations are not good for they will limit the services Bitcoin offers. Government would be able to alter the prices or the supply of the coins and might even implement tax on earnings that comes through Bitcoin. Having said that, I feel very bad about it but I hope the government has no intention of entering the crypto market or implementing any kind of regulations.

"Market regulations are not good for they will limit the services Bitcoin offers." Market regulations are inevitable and necessary. There are far too many scammers who have stolen far too much money in the absence of regulated exchanges. There may be a small decrease in service providers who won't go into business because of the regulations, but this is a small price to pay for providing confidence and accountability in the system.

"Government would be able to alter the prices or the supply of the coins..."  False. The government wouldn't and couldn't do this. To suggest they could is to announce you don't understand how Bitcoin works.

"... and might even implement tax on earnings that comes through Bitcoin." Hate to be the one to break this to you, but this is already in place. You are required to pay tax on your Bitcoin earnings, both in terms of earnings and capital gains.
member
Activity: 336
Merit: 11
Market regulations today is just fine because most of the people are still investing a huge amount or using markets to hold their coins, it only means that the security is still improving.
I am not sure how regulation will improve the security of bitcoin, even with all the regulations, if an exchange is hacked you will end up loosing all your coins unless the exchange is insured. I would like to see a market without much regulation but it is bound to happen one time or another, so i expect the regulations to come into full effect in a couple of years globally.
It seems to me that after a while, when the crypto currency will become more legal in most countries, then the impact on the market will be even greater. then other state-level players will enter into force, which will squeeze out crypto-currencies from the market of ordinary users.
hero member
Activity: 1426
Merit: 506
Market regulations today is just fine because most of the people are still investing a huge amount or using markets to hold their coins, it only means that the security is still improving.
I am not sure how regulation will improve the security of bitcoin, even with all the regulations, if an exchange is hacked you will end up loosing all your coins unless the exchange is insured. I would like to see a market without much regulation but it is bound to happen one time or another, so i expect the regulations to come into full effect in a couple of years globally.
full member
Activity: 378
Merit: 100
When Football meets Crypto
There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.

Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.

What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?

Rage

The market regulations is fine for me, the transaction fee's is just decent in order to compensate the security and that is the reason why there are banks today who are getting popularity, its all because of their security system.
jr. member
Activity: 196
Merit: 1
It's hard to say what will happen if some law are going to be approved on the government, laws that provide security on investors is good and some laws to make sure ICO project is legal and not going to scam is also better.
newbie
Activity: 47
Merit: 0
Will never happen…!!!!!

Bitcoin, which is part of the crypto world, will never allow the involvement of a third party in this case we call it a governing government because of its decentralized nature.

I strongly believe that if any intervention the government will think only to take their profits without thinking of the benefits of its users by taking part in the form of "TAX", this is what Bitcoin users do not want and will have an impact on reducing the number of Bitcoin Users.

sr. member
Activity: 1582
Merit: 352
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There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.

Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.

What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?

Rage
I think the best thing is that the government will leave the system as is it is because Bitcoin is in a decentralized blochain technology based system that does not requires regulation. Governments wants to control everything here in this world and that is against our privacy and rights. They should only regulate ICO's not Bitcoin system as a whole because it is so impossible to happen.
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