Policy intervention for Bitcoin? - page 2.

PilosopongTacio

jr. member

Activity: 308

Merit: 1

Quote from: 88jewel on April 24, 2018, 12:45:06 AM

Do you think the call for inquiry relative to bitcoin at the policy making body like the House of Representatives in the Philippines would help in determining the future of bitcoin and its price?

I only hope that they will tackle the issue very carefully and really understand how bitcoin works. If any unecessary information get mixed-up and suspicions and confusions join in the process, let's hope they won't have to ban bitcoin from the country. Aside from that, i hope they decide that people should be informed about these new changes in our era and they consider cryptocurrency as the future of transactions,payment and trading.

swissgang

full member

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Merit: 100

Quote from: jseverson on April 24, 2018, 04:15:56 AM

The call itself likely won't have any effect. The Philippine market is quite small, and is certainly nowhere near big enough to cause worldwide jitters like the G20 summit did.

The outcome probably could though, but you can't expect it to have the same effect as when big news drop from South Korea or pre-exchange ban China. Bitcoin has been fairly steady during the India and Iran bank bans, so I would guess it will take much more than bad press from a small country to move it.

I agree with you even India could not affect the market, Iran and The Philippines are little players in the industry. They will be only follower of other big counties in the industry which can affect the bitcoin.

jseverson

hero member

Activity: 1834

Merit: 759

The call itself likely won't have any effect. The Philippine market is quite small, and is certainly nowhere near big enough to cause worldwide jitters like the G20 summit did.

The outcome probably could though, but you can't expect it to have the same effect as when big news drop from South Korea or pre-exchange ban China. Bitcoin has been fairly steady during the India and Iran bank bans, so I would guess it will take much more than bad press from a small country to move it.

Pursuer

legendary

Activity: 1638

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Where is my ring of blades...

Quote from: 88jewel on April 24, 2018, 01:21:56 AM

Quote from: Pursuer on April 24, 2018, 12:50:38 AM

anything that is about bitcoin will have an impact on the future of bitcoin!
the difference is the result of the policies they decide to put in place for bitcoin. it can speed up the adoption of bitcoin and with it increase the price of bitcoin (like Japan last year) and also help the economy of the country.
or it be naïve and restrictive and slow everything down, mainly in the said country.

one inquiry talks about crytocurrencies being compared to "pyramid Scheme" which is a total non-sense. While the intention is noble, given the benefit of the doubt, but the problem is making them understand and that's probably one of the challenge to look into

well there is always that one idiot everywhere who is saying something like that. sometimes that idiot is a government employee. these days countries that decide to go against bitcoin won't succeed anymore because the adoption has already started everywhere. it may be small but it exists and it is growing. on top of that the bigger developed countries such as Japan, Germany,... have adopted bitcoin already so when one small country goes against the tide they are just making a dumb decision.

slashz9

full member

Activity: 1554

Merit: 101

I think everything will affect the development of bitcoin in the future, because I think it will not be prevented (as long as there is still an internet connection)
he will not die, I think if the state legalizes it will accelerate its development in a country, rather than vilify it that makes its development obstructed.

88jewel

newbie

Activity: 85

Merit: 0

Quote from: Pursuer on April 24, 2018, 12:50:38 AM

anything that is about bitcoin will have an impact on the future of bitcoin!
the difference is the result of the policies they decide to put in place for bitcoin. it can speed up the adoption of bitcoin and with it increase the price of bitcoin (like Japan last year) and also help the economy of the country.
or it be naïve and restrictive and slow everything down, mainly in the said country.

one inquiry talks about crytocurrencies being compared to "pyramid Scheme" which is a total non-sense. While the intention is noble, given the benefit of the doubt, but the problem is making them understand and that's probably one of the challenge to look into

CottonGuy

jr. member

Activity: 185

Merit: 5

Quote from: 88jewel on April 24, 2018, 12:45:06 AM

Do you think the call for inquiry relative to bitcoin at the policy making body like the House of Representatives in the Philippines would help in determining the future of bitcoin and its price?

It will always play a role when it comes to bitcoin since government nowadays are really interferring when it comes to crypto taxes and regulations.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

anything that is about bitcoin will have an impact on the future of bitcoin!
the difference is the result of the policies they decide to put in place for bitcoin. it can speed up the adoption of bitcoin and with it increase the price of bitcoin (like Japan last year) and also help the economy of the country.
or it be naïve and restrictive and slow everything down, mainly in the said country.

88jewel

newbie

Activity: 85

Merit: 0

Do you think the call for inquiry relative to bitcoin at the policy making body like the House of Representatives in the Philippines would help in determining the future of bitcoin and its price?

Topic: Policy intervention for Bitcoin? - page 2. (Read 241 times)