How regulation affects the crypto price - page 4.

Wysi

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Quote from: michellee on January 24, 2020, 09:21:45 AM

I only think about the tax when the regulations for the cryptocurrency is accepted because that is the way for the government to take more income from the people. Although it will hard to find the people who used cryptocurrency, they will get the info by searching with the banks. But with the regulations, people will believe in crypto, and they will invest in crypto too. That will make the crypto more popular so that many people will join the crypto world.

Regulating crypto will definitely pool in more investment from a group of users but at the same time, crypto will lose its core value of being anonymous as well as no third party involvement clause. This will keep scammers at bay but early adopters might leave due to restrictions and tax, I think it's better for us if the crypto is unregulated as it was created for the same purpose.

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I only think about the tax when the regulations for the cryptocurrency is accepted because that is the way for the government to take more income from the people. Although it will hard to find the people who used cryptocurrency, they will get the info by searching with the banks. But with the regulations, people will believe in crypto, and they will invest in crypto too. That will make the crypto more popular so that many people will join the crypto world.

audaciousbeing

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Regulations at this point is something that I expect to have a negative effect on price in the short term because it puts a leash on various activities that have been responding to the uncontrolled and unsubstantiated increase in the price of bitcoin to the loss of many who were only attracted to the price in the first instance. It also come with some level of accountability in the industry to show that its no longer free for all. At the same time it shows to individuals who are all about scamming activities that someone is watching and they are ready to make you account for your action in the crypto space. Eventually, it will bring sanity to the market and growth would be one that can be defended.

travwill

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Quote from: ReiMomo on January 22, 2020, 02:40:26 PM

Based on what I have understand, it will have an effect because if the government will regulate crypto it means they had full control on the cryptos, also the demand and supply of the crypto will be effected because as what I have said they will control on it for the monetary reason. Probably it will the same price in your local currency which is very cheap. That is why it is good for crypto if it will remain anonymous.

Doubtful understanding. Cryptocurrency is primarily valued because it is almost impossible to take control of. Of course, you can create artificial restrictions for its movement, but states will be able to block its flow and transactions between users all the same. Therefore, with all the desire to take control of it, it won’t work out, and regulatory methods are needed only to remove taxes from cryptocurrencies.

angrynerd88

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Regulations affect the price either directly or indirectly.The regulation in favor of crypto increse the adoption and the massive adoption raise the demand which push the price high.
Regulations against the crypto bound the user to buy and sell restricted and acces to crypto become more difficult and users of crupto like traders and investorsunable to make transactions freely,It results the low volume in exchanges and affect the price of crypto.

AniviaBtc

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Quote from: jostorres on January 23, 2020, 11:07:44 AM

Definitely, because of so many regulations the price drops and that is sad however price can recover, price can always go higher, yet the regulations and people it brings can't be achieved without them.

Do you think that regulation will just because the price continuously increases? Come on, if you really read some articles, they stated that as the industry rapidly advances, the the more the regulation will exist. That's why it is very challenging to hold digital assets. They hinder someone to hold crypto because they want to have a share when they know people uses it.

Quote from: jostorres on January 23, 2020, 11:07:44 AM

Knowing what the crypto regulations is always better compared to not knowing if you are in legal zone or doing something illegal.

That's very risky, you also need to know if you're location is safe and secured. If it is illegal for your place to have access in cryptocurrency, then you're accountable for the consequences that you'll take. Being knowledgeable about crypto regulations are very important, most especially when you are willing to risk your digital assets just to work and use crypto wisely.

Harriti

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For me, I think the regulations don't have too much influence on the crypto market. I have seen the US and Chinese governments issue a series of detrimental rules for cryptocurrency but the price is only affected by a few. It seems our market doesn't need to worry too much about regulations. In some countries, there are restrictions on prohibiting crypto transactions in any form, but we can still sell coins for fiat money at some deepweb markets. There are many ways to trade undetected. The government doesn't seem to be in control of this crypto market, so you should be comfortable with FUDs on crypto markets.

TitanGEL

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Regulations can be a factor and also can be a catalysts in the price movement of the bitcoin. There will be a huge effect if most of the government will create regulations about accepting it in their country. It will create demand that can boost the price of bitcoin, we all know that the price of bitcoin is relying on supply and demand. The more the demand, the supply is less that can lead to an increase to its price.

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Why many people afraid for investing with bitcoin and altcoin? there are not regulation rule with bitcoin in some country and make many citizen never trust and believe for bitcoin become good investment assets, but when government have allow bitcoin as legal currency payment I think give chance and way for many people trusted with bitcoin and altcoin.

jostorres

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If we could move beyond the regulations difficult approach of the crypto prices we could also see that it also increases the adoption rate. Definitely, because of so many regulations the price drops and that is sad however price can recover, price can always go higher, yet the regulations and people it brings can't be achieved without them. Now that we have more and more regulations everywhere around the world, we also have more people using bitcoin for regular stuff as well.

Knowing what the crypto regulations is always better compared to not knowing if you are in legal zone or doing something illegal. Mass adoption will come thanks to regulations around the world, we can't expect everyone to go into crypto world not caring about what the governments will think.

Shasha80

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In my opinion, the existence of new regulation related to cryptocurrency will greatly affect the development of crypto prices. We all
knowing the government's biggest wish is to regulate the circulation of crypto so that it can be controlled by the government.And if it
becoming reality will make crypto lose its identity. There is no decentralization anymore, so this will reduce demand crypto and cause
the price of crypto to drop dramatically. Because in my opinion it will be difficult to find the similarity at any time the wishes of the
government and cryptocurrency.

merchantofzeny

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I haven't looked up the data but from what was in the article, it seem to be a minimal decrease in usage. Why there would even be a decrease is understandable.

Imagine buying plenty of crypto and then your government out of the blue shuts down all local exchanges. Your crypto left in them could disappear or you'll have a hard time retrieving them and those you kept in other wallets you'd have fewer ways of cashing out. It's only natural for people to be cautious whenever they hear about impending regulations.

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Quote from: awik p on January 22, 2020, 11:28:27 PM

Quote from: asus09 on January 22, 2020, 09:02:22 PM

Quote from: Distinctin on January 22, 2020, 07:36:34 PM

Either we like it or not, still the government would like to impose rules and regulations that crypto/and crypto holders must abide with.
That said regulation has always and been a big factor for every market change. I know we feel bad with it as it tends to price manipulation but we have nothing to do but rather to accept that SEC has a big role in here.

Regulation could give bigger effect how to make bitcoin and altcoin back to higher price, when government agree for making bitcoin as legal transaction payment many people will trust their assets with bitcoin and altcoin as investing way, but if government never allowed and have good regulation for bitcoin become legal transaction just few people want to invest with bitcoin.

with the regulation, it means that mass adoption will occur, so that the use of bitcoin will increase. with increasing usage, it increases demand, so this will have a good impact on bitcoin. on the other hand with the regulation, investors will feel safer to invest

but cryptocurrency should not be controlled by anyone because if cryptocurrency is set like that it will make the government able to master cryptocurrency and it will have a negative impact on the life of cryptocurrency in the future. I read the whitepapert from bitcoin which states he made bitcoin because he wanted to create a digital currency that could not be regulated by anyone, including regulations from various countries.

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Quote from: julius caesar on January 20, 2020, 11:56:13 PM

They cannot regulate the price of it since no one can control the cryptocurrency. All they can do is to possibly control the market price by just hoarding it so that the volume in the current exchange will not go up. We all know that the higher the volume, the higher the possibility that the price of it will go down.

On the other side of the coin, i think regulations would help in starting to build public trust in crypto. One thing that holds people back is that it's free for all, including hackers and scammers. Majority are used to the security government insurances that banks provide. Crypto is probably more secure yes, but you won't be able to make the public immediately believe that. Government support would definitely back confidence up but here is where regulations will come in.

drlukacs

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The rules also depend on their severity and the degree of influence also depends on the power of some countries. If the United States or the European Union, for example, hated cryptos and introduced new laws to European citizens, then it was time for our markets to be affected the most. And for individual governments, I don't feel it has too much effect. In Vietnam, we have many laws that prohibit trading with crypto but exchange intermediaries have made it easy for us to trade. not even showing up on social media will be convicted. So we should not be too worried about the rules.

ajiz138

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as long as cryptocurreny is still anonymous I think government regulations or financial legal entities will not be so influential. The exception is for countries that have adopted crypto as a legal payment instrument to assist real shrimp. I still remember the regulations for the obligation to use KYC applied in various ICOs and until now it still applies, we all know that this started with government interference because there have been many cases of loss caused by scammers.
It can be imagined if from 2015 projects were not born that deceived many people, then I don't think legal parties will emerge, financial institutions interfere with crypto affairs which crypto is not real but the impact is very real felt.
And lately as I have seen in the OP article, it will indeed feel the impact of global regulations regarding crypto that affect the current crypto prices. It's all back again because of the many cases of money laundering with crypto brokers as a place to store their money.

awik p

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Quote from: asus09 on January 22, 2020, 09:02:22 PM

Quote from: Distinctin on January 22, 2020, 07:36:34 PM

Either we like it or not, still the government would like to impose rules and regulations that crypto/and crypto holders must abide with.
That said regulation has always and been a big factor for every market change. I know we feel bad with it as it tends to price manipulation but we have nothing to do but rather to accept that SEC has a big role in here.

Regulation could give bigger effect how to make bitcoin and altcoin back to higher price, when government agree for making bitcoin as legal transaction payment many people will trust their assets with bitcoin and altcoin as investing way, but if government never allowed and have good regulation for bitcoin become legal transaction just few people want to invest with bitcoin.

with the regulation, it means that mass adoption will occur, so that the use of bitcoin will increase. with increasing usage, it increases demand, so this will have a good impact on bitcoin. on the other hand with the regulation, investors will feel safer to invest

romero121

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Regulation on the usage of cryptocurrencies surely makes positive impact over the market. Whenever there is regulated usage of cryptocurrencies people show interest on making use of it. Countable number of countries have shown interest and not yet regulated perfectly. This can also make firms to pay in terms of bitcoin to the employees. More the usage more will be the growth which is a unwritten truth that's been experienced on various things.

asus09

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Quote from: Distinctin on January 22, 2020, 07:36:34 PM

Either we like it or not, still the government would like to impose rules and regulations that crypto/and crypto holders must abide with.
That said regulation has always and been a big factor for every market change. I know we feel bad with it as it tends to price manipulation but we have nothing to do but rather to accept that SEC has a big role in here.

Regulation could give bigger effect how to make bitcoin and altcoin back to higher price, when government agree for making bitcoin as legal transaction payment many people will trust their assets with bitcoin and altcoin as investing way, but if government never allowed and have good regulation for bitcoin become legal transaction just few people want to invest with bitcoin.

travwill

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Quote from: ReiMomo on January 22, 2020, 02:40:26 PM

Based on what I have understand, it will have an effect because if the government will regulate crypto it means they had full control on the cryptos, also the demand and supply of the crypto will be effected because as what I have said they will control on it for the monetary reason. Probably it will the same price in your local currency which is very cheap. That is why it is good for crypto if it will remain anonymous.

Doubtful understanding. Cryptocurrency is primarily valued because it is almost impossible to take control of. Of course, you can create artificial restrictions for its movement, but states will be able to block its flow and transactions between users all the same. Therefore, with all the desire to take control of it, it won’t work out, and regulatory methods are needed only to remove taxes from cryptocurrencies.

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