Topic: Regulating body for cryptomarket (Read 229 times)
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In stock market the one control in the price of stocks is the country Stock Exchange, how about in crypts who regulating the price of the altcoins in the market? Who set the ceiling price of the altcoins? Who tell that this particular coins are worth of this?
At first, You have to know that this is a decentralized platform for virtual currency exchange. So there is no authority for regulating on this system. we know that every stock market is involved or regulated by a authority body but this is the totally different issue.
So far I know that there is authority body who defines the ceiling price of an altcoin. you can get informed from the particular white paper of related altcoin and then you may decide you should you do regarding investment or buying anything for the trading or saving purpose.
Here is a news update:
Most VISA/Mastercard credit cards are now blocking bitcoin(alt coins) purchase on Coinbase. This happened this last week I expect more regulations soon from other regulators. Fidelity VISA Credit card still allowing purchase on Coinbase. I can confirm BOA, Capital One, Citi and Chase are no longer allowing purchase on coinable for Alt coins.
This is a way the Banksters care try to handy cap use from purchases. Strange, your credit card blocking you from making a purchase.
Most VISA/Mastercard credit cards are now blocking bitcoin(alt coins) purchase on Coinbase. This happened this last week I expect more regulations soon from other regulators. Fidelity VISA Credit card still allowing purchase on Coinbase. I can confirm BOA, Capital One, Citi and Chase are no longer allowing purchase on coinable for Alt coins.
This is a way the Banksters care try to handy cap use from purchases. Strange, your credit card blocking you from making a purchase.
In stock market the one control in the price of stocks is the country Stock Exchange, how about in crypts who regulating the price of the altcoins in the market? Who set the ceiling price of the altcoins? Who tell that this particular coins are worth of this?
The crypto market by default is to be decentralized where nobody has control ovr the happenings of the market where the price of coins are reflections of the attitude of market participants and nothing else. But today, we have decided to alter that model ruled by profit and creating the right to decide the happenings in the market artificially in ways such as following "expert traders" for market signals, creation and joining of pump and dump groups, following Twitter handles for hints on a particular coin etc. This individually or collectively, decides what happen in the market.
That regulatory body will be contradicting to cryptocurrency system which is a decentralized one and besides who can do that? everything is done by the blockchain technology so that body will just be useless, people or group that will try to do that just want to manipulate the trading of cryptocurrency at its finest.
The whole idea about free market is that the people decides the price for the coins.
The price is being decided by the free market- for how much people are willing to sell it and how much people are willing to pay for it.
I believe that it would be impossible to regulate a coin that is being traded in a free market, but the whole market can be regulated by countries( countries can decide that they ban bitcoin countries and to close all of their local exchanges.
The price is being decided by the free market- for how much people are willing to sell it and how much people are willing to pay for it.
I believe that it would be impossible to regulate a coin that is being traded in a free market, but the whole market can be regulated by countries( countries can decide that they ban bitcoin countries and to close all of their local exchanges.
The regulation is not visible yet and this is the reason it seem that every single coin finds itself to the market with unverified whitepaper which as expected by the end of the day, wont get close to the earlier stipulated level.
It's impossible any control until the anonymity will exist.
Its possible and its happening in the crypto market, regulations are coming and certain whales or group of people that are altogether planning something can control.The only way would be to ask an ID to have an address, but in this case there would be the need of a central authority.
May be in the future.
I don't know what's the connection of asking an ID when it comes to manipulating or regulating the market. May be in the future.
In stock market the one control in the price of stocks is the country Stock Exchange, how about in crypts who regulating the price of the altcoins in the market? Who set the ceiling price of the altcoins? Who tell that this particular coins are worth of this?
No one really regulates crypto because its decentralizes. That is why government are against it because its can easily be manipulated by a group of people from behind. The price is really base on supply and demand including bitcoin and all other altcoins (mined or pre-mined, AFAIK).
So it's really chaotic out there, that's why traders took advantage of wild price swings. You can either do short trading or long term hold, depending on your goal.
In stock market the one control in the price of stocks is the country Stock Exchange, how about in crypts who regulating the price of the altcoins in the market? Who set the ceiling price of the altcoins? Who tell that this particular coins are worth of this?
this is the difference bitcoin with other stock exchanges.if the other can be controlled by one country!
bitcoin is different, bitcoin prices can only be set by the investors,
more investors come in to adopt (buy) bitcoin, this will keep the price going up. because bitcoin has a limited supply
In stock market the one control in the price of stocks is the country Stock Exchange, how about in crypts who regulating the price of the altcoins in the market? Who set the ceiling price of the altcoins? Who tell that this particular coins are worth of this?
There is no particular authority governing the price of cryptocurrencies as the price variations is mostly based on supply and demand in the market. Unlike traditional stock exchanges, there is always a noticeable difference in price from exchange to exchange and this is seen due to the decentralized model of cryptos which allows various services to list prices for coins as they wish.
It's impossible any control until the anonymity will exist. The only way would be to ask an ID to have an address, but in this case there would be the need of a central authority.
May be in the future.
May be in the future.
how about in crypts who regulating the price of the altcoins in the market?
There's no one that regulates the price of altcoins but the well known game is that it is "manipulated" by the whales.Who set the ceiling price of the altcoins?
Its basing on the total supply in circulation and market cap so do the math.Who tell that this particular coins are worth of this?
Investors and anybody who is believing that coin is good for investing so its an open discussion to tell if this or that coin is worth of that price or worth to invest and hold. The crypto market is anarchic by definition: a regulating authority would be a centralized one, and centralization is against crypto philosophy.
I agree, but with so many scam in the last time, I think that a kind of control will be needed.
Now crypto market is a real far west.
The crypto market is anarchic by definition: a regulating authority would be a centralized one, and centralization is against crypto philosophy.
In stock market the one control in the price of stocks is the country Stock Exchange, how about in crypts who regulating the price of the altcoins in the market? Who set the ceiling price of the altcoins? Who tell that this particular coins are worth of this?
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