Will bitcoin Die because of global Regulations? - page 23.

Gotumoot

sr. member

Activity: 1372

Merit: 261

Quote from: Rooster101 on July 10, 2018, 06:43:24 AM

Quote from: connexus on July 08, 2018, 07:05:48 AM

Of course not Bitcoin would still be in the market no matter what no one can stop it even of the government regulates it. Bitcoin will continue to be in the market for as long as the people would support and invest on it.

You're right bro, bitcoin can weather all kinds of challenges that lies ahead. While regulation is inevitable in many countries, some of them are are planning to create a kind of regulation that is friendly to all cryptocurrencies. This cryptocurrency-freindly regulation will only monitor transactions in the exchanges and protect the virtual currency users from any kind of scams and illegal uses of bitcoin and other cryptocurrencies.

Yes thats right, bitcoin will not die just because governments regulates it, unless they will change bitcoin characteristics, from decentralized to decentralized, from volatile to constant, but i dont think bitcoin will let this things happen. If they want to regulate bitcoin, they should let it be that way, i mean let it be a decentralized and volatile. They are the ones who should follow bitcoin want, not bitcoin follow governments wants.

karinaloren

newbie

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There are many countries that are imposing bans on bitcoin, but there are also so many countries that are switching on the green light for them! Regulations can kill the crypto but I think that it won't happen. I hope so.

assyla

full member

Activity: 319

Merit: 100

Quote from: ronypro on January 16, 2018, 10:09:52 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?

I think it is a big no, we can say that there are lots of countries that ban the bitcoin at their places but there are still coubtrues that believing and embracing the fact that bitcoin will be our next world currency.

gesdan

full member

Activity: 616

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bitcoin can die only if the all country in the world is making a regulation that makes bitcoin is illegal, so there are nobody can access the bitcoin site, wallet, and all things that related with bitcoin. but I think it wouldn't happen because as we can see that there are a country that supports bitcoin and develop bitcoin in their country

Lalendrayasas

newbie

Activity: 39

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A desolate day with crypto advertise, red flooding announcement board.

I think this is a troublesome time for financial specialists in light of the fact that the law is changing step by step. However, for the individuals who need to accumulate this is a decent chance to purchase.

bozo1

newbie

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I do not think this will lead to the death of crypto-currencies. Because crypto usage can only be done with the internet, so long as the internet is still there and there is still a big country that supports crypto and I think the bitcoin regulation will only benefit him.

Tikey

member

Activity: 361

Merit: 10

I think that bitcoin can not die because of global regulation. Although this was supposed to be anonymity. Regulation is not bad. Especially if it is a settlement of Ico projects. Perhaps global rules will strengthen bitcoin and make it acceptable around the world. More people will trust Bitcoin. Less will be scammers in the crypto world. Bitcoin is a lifesaver in places like Venezuela. Now he officially accepted in some of the developing countries. Already nothing is going to shake the bitcoin.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: Zaibraid on July 10, 2018, 07:25:57 AM

If indeed there is a global regulation governing bitcoin maybe bitcoin will be easily controlled. But, to date no official party has the right and is able to set the bitcoin. So far, I have never heard of a global regulation that regulates bitcoin, I just heard that there are regulations or state policies that set bitcoin is limited to the country. This bitcoin belongs to us and the control is on us so no official party has the right to interfere with bitcoin affairs.

That's right there's still no regulations that will control the whole system, though government can create their own ruling about this system from their respected territory, each countries have their owned opinion about this new currency, some banned and some allowed, we can't extend to that as far
as bitcoin is concerned, people still continue and believers are not moving out knowing that it will never die.

Zaibraid

member

Activity: 420

Merit: 10

If indeed there is a global regulation governing bitcoin maybe bitcoin will be easily controlled. But, to date no official party has the right and is able to set the bitcoin. So far, I have never heard of a global regulation that regulates bitcoin, I just heard that there are regulations or state policies that set bitcoin is limited to the country. This bitcoin belongs to us and the control is on us so no official party has the right to interfere with bitcoin affairs.

weiweianll

newbie

Activity: 168

Merit: 0

The complete blockade of Bitcoin is not only strongly opposed by a large number of Bitcoin participants, but also causes social problems. This is not the case in a democratic country!
Bitcoin regulation is currently facing many difficulties, and there are still many regulatory problems to be solved!

Betty10

newbie

Activity: 126

Merit: 0

People actually are becoming wiser now, and they are willing to take their destiny in their hands. Bitcoin will never die as long as it is a decentralized currency. The believers of bitcoin are not going to back down, so regulation can not kill bitcoin.

matej451

member

Activity: 203

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With regulation i'm sure whole crypto may loose it charm and volatility should be lower when regulated. Still i think regulation is needed for whole world to adopt BTC and actually become useful in real life not only for trading.

biskitop

full member

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Merit: 104

I hope it does not happen because it can affect demands on crypto and could make the market crash again.

Rooster101

sr. member

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Merit: 256

Quote from: connexus on July 08, 2018, 07:05:48 AM

Of course not Bitcoin would still be in the market no matter what no one can stop it even of the government regulates it. Bitcoin will continue to be in the market for as long as the people would support and invest on it.

You're right bro, bitcoin can weather all kinds of challenges that lies ahead. While regulation is inevitable in many countries, some of them are are planning to create a kind of regulation that is friendly to all cryptocurrencies. This cryptocurrency-freindly regulation will only monitor transactions in the exchanges and protect the virtual currency users from any kind of scams and illegal uses of bitcoin and other cryptocurrencies.

[ProTrader]

sr. member

Activity: 644

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I believe Bitcoin will not die because of regulation. It is a good indication that bitcoin will hit the financial industry. I also think that regulation will be make bitcoin more acceptable once there is already a clear regulation in using cryptocurrency.

Aponkye1

member

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Merit: 10

Well i don't think bitcoin would die because of certain regulations that certain governments and organizations are putting in place. I guess this would rather strengthen bitcoin because all that most crypto enthusiasts want it for bitcoin to be legalized and if this vision is going to be accomplished then certain measures have to be put in place to regulate bitcoin especially its volatility.

Jaci

member

Activity: 219

Merit: 10

In a couple of months, too many cryptocurrency experts and too many people thinking about Bitcoin will be dead in a short time but his prediction is not working properly, still now Bitcoin not die. I think Bitcoin never will die. You know what? USA support Bitcoin and Microsoft company buy a huge amount of Bitcoin so it can’t possible to die Bitcoin for global regulations.

sri.bima

sr. member

Activity: 602

Merit: 250

I do not think Bitcoin will simply die out with the rest of the government forbidding it, if it becomes a platform for the ease of life of the wider community and as a positive thing it is society that will support Bitcoin itself. You can not say that the government can abandon a very popular thing like the unregulated. Rule will come, Only if btc will be able to curb the way out of these norms then it will only be said as currency or global environment but yes it will have negative effect for once and very bad impact later on.

coinnumber

jr. member

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Quote from: Techfrog on July 08, 2018, 03:18:41 PM

Why it would happen? i think that bitcoin is very strong at the moment and everything is good, i do not see any reason to see it dying or disappearing from here. The best thing that you can do is just to stop trying to spread fud in here, that is the best thing

Yes are agree with your opinion, many people here speak so much bad about bitcoin and the entire cryptocurrency at large which is discouraging those that don't ideas about cryptocurrency and makes them to believe that cryptocurrency is a scam products. As for the death of bitcoin I don't believe bitcoin will ever die because the more technologies advance the higher bitcoin goes since more people and coming in and believe on cryptocurrency the demands will always get high.

honey8

newbie

Activity: 21

Merit: 0

For sure it will not. Rather bitcoin will become more stable and stronger and people will start investing more actively.

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