Will bitcoin Die because of global Regulations? - page 21.

balamuda

member

Activity: 318

Merit: 10

Quote from: ronypro on January 16, 2018, 11:09:52 AM

Frist China want to ban all the foreign exchanges in their country.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/

then France Creates Working Group for Cryptocurrency Regulation
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013

then German Central Bank Director: Crypto Regulations Must Be International
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international

Also India already setup a board for crypto regulation.

What is happening all over the world?Something whats soul purpose is to be decentralized will eventually be centralized?

How much do you think a global regulation on crypto will affect the overall market in this year?

Global rules will not make bitcoin die, global rules can only make bitcoins fall low for some time, and bitcoin can still rise because bitcoin is the strongest. I do not think there's anything to worry about bitcoin, though it falls but in the future it's bound to get up.

satira4ka

newbie

Activity: 28

Merit: 0

May be because USA wants to use it only =)

swirox

newbie

Activity: 160

Merit: 0

I think it has more chance to die because of its volatility and it's current speed than because of regulations

Sampson7

newbie

Activity: 196

Merit: 0

The control of bitcoin by various states can not hurt it, if such direction isn't over the top, that is, it won't be coordinated at its restriction. Bitcoin regardless, at some point or another, ought to have experienced government control, in light of the fact that the state can not imagine that it doesn't see the strolling on its region of a costly computerized money. Such direction is both in Japan for the advantage of the two individuals, and most bitcoin, and the economy of the nation.

cellflash

newbie

Activity: 139

Merit: 0

Global regulation cannot defeat bitcoin.. Bitcoin will survive itself.. It was created or design to work without administration of politics or global regulation.. Although, global regulation can affect the cryptocurrency market, but cannot stop bitcoin..

yurekaa

sr. member

Activity: 574

Merit: 250

In my opinion. bitcoin will not go extinct despite many regulations issued by all countries that prohibit the use of bitcoins or prohibit transactions involving bitcoin. bitcoin will still exist when the demand continues and the bitcoin transaction is still running. so the economic turnaround continues.

addeqt

member

Activity: 196

Merit: 30

Nope, nope, no... Let me ask you something. Do a single country govern bitcoin? No, right and not even all of them. So bitcoin is unregulated let say about it, but even all of those country ban it, it will still be there alive. Bitcoin will never die, it is already in roots with the digital era. People using it from good purposes or bad will continue to support it. What more those company that invest millions of dollars just to setup their mining farm, their rig or trading firm. They are at the back, solid fundation that will never let bitcoin to die. If it die, those company will sure go down to ashes as well. And by the way, including this forum.

Frederickkk

newbie

Activity: 74

Merit: 0

I don't think something bad is happening to bitcoin and governments want to ban bitcoin. They only want to have more control and I think it is very good in long term for cryptocurrencies.I do not think those rules will tie the bitcoin objectively, the investors, the consumers in the market can be detached from the rules government. the presence of bitcoin provides unlimited freedom.

papa-tata

jr. member

Activity: 145

Merit: 3

if crypto user access is restricted not only btc affected, Altcoin can be the same, but users always have a unique way to access and transact in violation of government law. this is very concerning because we do not want crypto users punished or against government policy because their activities are considered illegal.

milandres0207

full member

Activity: 363

Merit: 100

Well, as I can see the reason behind that is for the sake of the people only and not to make bitcoin die, many people are now have a good life because of it, earning bitcoin, investing on it and holding for a long period of time is earning a big profit. This will just for the safeness of the bitcoin holder.

rob143

member

Activity: 138

Merit: 10

I do not think so, regulations are needed at some point if you are a government, of course, and we can not discuss much about this, of course that it is not good for the common investor, but it is irrelevant for most people in here, except the whales

marlonbatotoy

member

Activity: 182

Merit: 10

I dont think bitcoin will die if some country ban bitcoin or crypto because there is a country that crypto is legal and i know in the future some of country will realize the importance of crypto in other term.

MommyElsa

full member

Activity: 387

Merit: 100

No, bitcoin will not die because of that. Of course those regulations may help us to keep the crypto currency a strong one. It will help to make it more stable.

Vektrum

member

Activity: 420

Merit: 14

Bitcoin will sooner or later have to go through the regulatory stage in every state. Without this bitcoin will not be able to go officially in any country. Therefore, regulation is a normal process of its formation. Regulation alone can not harm it. It includes the definition of its status, conditions of circulation and, as a rule, the terms of taxation. The state can not change the principles of its activity vseravno.

Elachious12

newbie

Activity: 129

Merit: 0

Bitcoin will not die because of Government regulations but it will only affect it level of adoption, example assuming a government of a country kicks against bitcoin the citizens as well will be afraid to invest into it as such reduce the level mass adoption

Nabobs Robi

newbie

Activity: 210

Merit: 0

This is going to be extremely embarrassing, governments trying to reduce bitcoin adoption and failing at that, you cannot fight against the law of supply and demand if people want something they are going to get it and the demand for bitcoin will keep strong as long as fiat is nothing but a scam, and even if governments changed that I will still hold my bitcoin since they could always change their mind and put in place their current policies again. any regulation in crypto will not effect bad .i think global regulation will help bitcoin to reach in more people but definately some negative thing will come but btc will never die Smiley btc is future.

ELOCIN

member

Activity: 276

Merit: 10

W12 – Blockchain protocol

Bitcoin will not die because not all countries in the world are banning bitcoin. Even China's move to ban crypto doesn't stop bitcoin from growing and becoming the mainstream of cryptocurrencies. Bitcoin will continue to exists as long as people are utilizing it.

Golden Stake

newbie

Activity: 126

Merit: 0

I actually believe there are great brains and minds behind cryptocurrencies, most especially, the valuable ones like Bitcoin. I don't think global or local regulations will lead to the death of cryptocurrencies. It is also quite logical because many governments are aware that bitcoin (and other cryptocurrencies) can be a threat to the existing centralized control banks that currently operate.

Attempts to make it die forcefully will fail, I believe.

jaaeeeyyyy

full member

Activity: 434

Merit: 101

Quote from: ronypro on January 16, 2018, 11:09:52 AM

Frist China want to ban all the foreign exchanges in their country.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/

then France Creates Working Group for Cryptocurrency Regulation
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013

then German Central Bank Director: Crypto Regulations Must Be International
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international

Also India already setup a board for crypto regulation.

What is happening all over the world?Something whats soul purpose is to be decentralized will eventually be centralized?

How much do you think a global regulation on crypto will affect the overall market in this year?

If the government started to implement regulations they probably wanting to benefit from what bitcoin can give to every individual, therefore if they enter cryptocurrency they will surely implement things that will benefit bitcoin, the government itself and more probably the users. They will not do anything that will harm something with huge potential.

BitRo

full member

Activity: 289

Merit: 100

Semux BFT consensus algorithm

The probability that bitcoin will die because of the Regulations is very low. I think he will die because people are losing interest in cryptocurrency.

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