Topic: Regulations only for BTC to increase in FIAT value? - page 3. (Read 640 times)

Bitcoin is the mother of altcoin will be have positive effect for all of altcoin price if bitcoin have regulated and allowed in many country for transaction payment,by allowing bitcoin as transaction payment will be more easy to get much profit with altcoin.

Eventually bitcoin regulations can make the price go up. Since the government is regulating bitcoin, then this will give high adoption of bitcoin from the world. Regulation can make bitcoin not used in some sort of drugs and illegal activities.

A best reason why this market should be regulated well. We believe on this and if the government support this one we know its going to be a good services. But i guess we are far from this, so far we are doing good despite of no regulations. The value of bitcoin will be more expensive when this happen, its possible.

Different States and government will eventually have their own policy as regarding bitcoin operations, this is not to alter the original vision of the bitcoin, which off course can't be altered. We have seen many unregulated, unregistered exchanges trading bitcoin and using such platforms in conducting IEO and some other business, and sometimes few of these exchanges get hacked or the owners just  vanished to into the thin air leading to scam, all these have caused untold emotional trauma to both traders and investors, fearing to invest in the future. The government need to roll out frame works about Cryptocurrency in other to protect investors from scammers and some other elements.

It can be a factor that we can consider for the bitcoin price increase, but obviously there are still a lot of factors.


The very disadvantage of bitcoin is that it is mostly being used for illegal activities, therefore through regulations the government can somehow take control of the bitcoin market flow within their territories. By that being said it will/might lessen the problem. If bitcoin is being regulated tho, it can really affect how bitcoin user's actions and that is exactly the main reason why most of the bitcoin users doesn't liked it. (Full control = No  Freedom)

Just like what is currently happening to China, government can really be so toxic sometimes especially if it involves money.

There are certain loopholes tho for the current government regulations for the different countries. Most of the concerns are tax evasion and you can easily hide your wealth(by the power of all mighty bitcoin)

But the government has pointed out a very solid ground to regulate Bitcoin. Everything might be slowly changing but it doesnt mean it will affect the price in a negative way, although the government might not only thinking about AML, as they could also monitize cryptocurrency by putting taxes in every transactions made in the exchange. Neverthless, it'll also help to the mass adoption of Bitcoin.

This virtual currency trading company, considers the discovery of bitcoin as revolutionary because there is no body or state that regulates it. Because it uses P2P networks, transactions between users occur directly without involving third parties, such as banks or other institutions.

I can't agree. Regulation of Bitcoin would give it legitimacy and sone legal security which would also lead to biger adoption, especially by businesses. Regulation doesn't affect decentralized nature of Bitcoin so there is no need for fear. Consequently positive regulation could affect also the positive corrections of price.

The decline in price of bitcoin within the 2018 bearish market made many to believe that regulations will bring more adoption of bitcoin which will lead to price recovery and increase, but that is just a speculation and has no basis. Because what make bitcoin unique in both operation and price is it decentralized nature and the freedom from government involvement.

we urgently need regulations


Because it's true


No, it is necessary to improve every crypto market. Let's put things in practice:

- you have $ 30,000 and you want to buy bitcoin, depending on the country where you live, you will have a lot of headaches to buy bitcoin, the banks of many countries create barriers for people who want to buy bitcoin. But if all the countries in the world legalized bitcoin, then people would easily buy bitcoin using their bank accounts.

- This:

My Bittrex account has been disabled.

Yobit Scam withholding 10BTC

MERCATOX BTC WITHDRAWAL

Hitbtc.com is a scamsite- beware

BiteBTC.com disabled my account for no reason

Would you use those exchanges after you know what I've posted? But if we had laws overseeing the exchanges, then we would not have many cases like these and the exchanges would be doing good services


People on the internet when they have a little power become very arrogant, this is more than clear looking at the crypto world. so it is better to trust the police and the courts and for this we need clear regulation.


access to justice and security. if I'm going to buy Bitcoin, then I should have my bitcoins. If I am robbed then I can report the case to the police and get justice. We can not allow exchange owners to be anonymous and have anonymous addresses... where and how will you complain if you are stolen?

and to conclude, I will show the most serious case:

Lost blockchain.info wallet id, support ignores me (0.05 bounty for help)

let's assume that Mr. Z was someone very wealthy and kept many bitcoins in the wallet of blockchain.com, and Mr. Z says to his wife and children: "The day I die, take the document that proves that I died and give to the support of the blockchain.com that they will deliver you all my bitcoins ". What do you think will happen on the day that Mr. Z die? the wife and children would deliver the documents to Blockchain.com support and Blockchain.com support would ignore them.

Yes, every day it becomes more evident that the crypto world is full of irresponsible, childish service providers and we urgently need laws. for serious and responsible people to enter this market

Just remember that not everyone is invested in Bitcoin to use it as a alternative currency. A lot of people are simply invested in Bitcoin for it's speculative value and the possibility for some huge profits and it is mostly those people that are promoting the introduction of government regulation.

They want to attract institutional capital investments, because they know it will have a significant impact on the price and institutional investments require a lot of regulation, before it can be invested into speculative assets or commodities. 

because if bitcoin is not regulated by the government and the authorities, bitcoin can change the world economy which initially China and America controlled the world economy with the use of dollars in most of the world now Japan that controls the world economy because bitcoin from Japan is more widely used throughout the world

the talks about regulations and the way certain people think it is positive have only started in 2018 when price was going down  and everyone was becoming desperate thinking there is no way price can go up because it was the first time they were seeing a bubble. so they started looking for excuses that may increase the price, including regulations, ETF, SEC approval in general and a lot of silly things like that.

the fact is bitcoin was created in a decentralized way and its whole purpose is to not need any kind of regulations by any government in the world. so it is meaningless to talk about I!
at the same time regulations can affect the adoption and consequently the price of bitcoin. we have seen different cases of it. for example the Indian and Chinese restrictive regulations have slowed down the adoption while being incapable of stopping it and at the same time Japanese and... regulations have helped speed up the adoption and contributed to the huge rise of 2017.

I agree "Bitcoin regulation wont stop illegal activities, those who want to do illegal activities basically do not care about the law. Far away before bitcoin was launched, illegal activities were done using fiat money. "

We only need the permit from the government, we actually don't need any regulation, bitcoin p2p transaction is the greatest transaction system, unfortunately not all governments are fond of this idea, they don't want something that they can't control, so in order to become big we need the government's permission and regulation also could increase the investors trust level

A regulation would not be in the currency itself, but in the market that surrounds it. For example, regulate the exchanges, where all will charge documents, limits, and so on.

what you are saying is true  . so in short regulation really help the price of bitcoin to go up  . regulation also have other good effects such as combating some frauds and scamming  .  combating abusers in the form of kyc  and others ...  however some says that regulation kills the anonimity of bitcoin and othe cryptos because it exposes us our identity like for example in the form of kyc we are requested to give our id's and selfies  .   regulation can be both good and bad   . 

Most people believe that if something is regulated by the government, it is safe. So in this instance, if crypto is properly regulated, those who have doubts about crypto will at least change their views about it. This will usher in greater adoption for cryptocurrency. Regulation will not affect p2p transactions.

There is a possibility of making some regulation without damaging concept of decentralization and p2p transaction. Experts may find some way to make crypto currencies user friedly and flexible and everybody may enjoy advantages of this kind of regulations.

There can be some regulations on the process to avoid such fraud transactions, related to illegal trades just like what OmegaStarScream mentioned at the very first post. Exchanges are mandated to comply with these regulations.

But for each individual, we are still good for p2p deals that no one can interfere. Since there's an outflowing money in the market, regulators would come and seek the interest out of it. In every emerging market, regulations do really come but this won't break bitcoins main character as decentralized cryptocurrency. They want to regulate the market that comes on their jurisdiction.

And that mindset when there's regulation, price will increase, you cant remove that. Once the gov't says it's a good type of store of value and it's legal, people who doubted it will come and try it.