Will bitcoin Die because of global Regulations? - page 27.

135cc

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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?

In my opinion regarding to this case, we can not deny that global regulation will also impacted the price of bitcoin. Moreover, there are some countries that banned bitcoin due to the security and risk factors, but if we say bitcoin will die because of global regulation im not agree with that. Because, although some regulation is disadvantages bitcoin but bitcoin will remain survive.

jpaul

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Well, as far as we have gone, Bitcoins has faced lots of regulations and bad publicity in the recent past and managed to survive them,This is an indicator of the quality of the coin itself, However,, Regulation is one of the biggest enemies of Bitcoins success potential as the coin Blossoms more in a free environment free from external disturbance, if its therefore heavily regulated then there are chances that the coin will struggle

Briella18

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It will not die, it will work and will be more acceptable, but more controlled by governments, so it will be altered and turn into different concept, I think.

Zainal-baguz

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not gan. because the bitcoin moves according to the design of the created application. can go up if there are buyers and positive news for bitcoin .

Margaretlove

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I believe in btc, if you have bought then you should believe in it. The government will not support it, but going against the crowd will have something they do not have.

Ambrosius

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Maybe it will directly impact on the decline in value and the market. Crypto currency will not be so easy to die unless all countries agree on it. But the deal of all countries is impossible, because it is difficult to regulate the cooperation of almost all users

marshalgino

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I don't think Bitcoin will die. Facebook has lifted the ban on cryptos:

https://www.independent.co.uk/life-style/gadgets-and-tech/news/facebook-cryptocurrency-ban-coinbase-bitcoin-exchange-a8418841.html

There are also rumors that Facebook will acquire coinbase and create its own cryptocurrency.

What ever Facebook has bought it raised to the stars. Look at Instagram. It's getting more popular than Facebook itself.

nysefloortrader

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btc positive regulation and ETF's coming will send us back to 20k , but wont happen till...late..late....very late in the year.

enjoy.

takadada

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There are lots of ways for the BTC to ignore these global rules, you see, it's strongly visible, if some Bitcoin rules are implemented, it means Bitcoin will be controlled, or even manipulative. But it does not mean the end of it. I am sure not to adjust Bitcoin or any other electronic money.

aryaadikariyansyahsuwarto

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if it is said to be dead it might be too harsh, I think bitcoin will suffer from the regulation, and that will result in bitcoin declining in price that is getting worse ..

FXTradingPro

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No, it will not die because of regulation there must be some balanced common sense regulations that do not interfere with the innovation.
One place where regulations are seriously needed is the security of the exchanges. The exchanges haven't been able to protect the individual trader from hacks. If governments like in Japan could come in and make sure that exchanges maintain a level of security that would be expected of any bank this would be progress for the crypto markets.

https://forexmarketslive.com/crypto-exchanges-have-a-security-problem-and-they-better-fix-it-or-else/

iiikkkxj

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I don't think any global regulations can make bitcoin dead.

But to prevent his progress in various areas where there is big investment potential - it can be

112tigra112

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Global things always will have troubles in the regulation with the crypto world. But as for my opinion, the Bitcoin would not die in near future. The market always finds ways to get development and passing of obstacles in this relations.

leviathon

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Every year you hear news about some country trying to ban Bitcoin but in the end Bitcoin is unaffected. We have been hearing for years now that China is going to ban Bitcoin but yet there is no such ban in place. Bitcoin is a decentralized currency and no matter how much some one tries to create FUD against it, Bitcoin is going to stay as it was before.

isabuhay

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It might get to that point, but it will take time. So before that time comes, its up to you how you react on that situation.

karman383

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Looking at something that has a market capitalization market of more than 680B USD is considered to have involved many people from the market. You can not say the governments around the world will be putting bitcoins to a halt. If the rules will come. Only if btc will be able to curb a way out of these norms will it only be said as a global currency or environment but yes it will have a negative effect for once. However, fortunately this will take some time. So it's up to us to anticipate this and react consequently!

ppifvtpu

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I do not think that global regulations will restrict the development of bitcoin, if appropriate regulation can make the community more stable.

Jacsnuffles

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Quote from: Snail2 on January 16, 2018, 12:59:56 PM

I don't think it will die. We are talking about global P2P networks. Governments can make as much regulations as they want but they do not have the means to enforce those rules and regulations without investing into a huge "global coin surveillance network" or seriously interfering with basic human rights. The only thing what they can regulate is cashing out for fiat.

I do agree with these. The government wants to regulate it for the security reason. And it will be difficult for them to ban Bitcoin completely. What you said is true, it will cost them so much money regarding this matter.

Joe103

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The reason most governments are calling for crypto regulations globally is because of the several frauds being perpetrated by some greedy and fraudulent elements particularly in the area of ICOs. A lot of people have had their funds stolen to these criminal elements. Maybe we already in the cryptocurrency community should look inward and see how we can reduce these fraudulent activities.

killat

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Bitcoin will not die, but its price can be seriously affected by regulations.

I think Japan is setting an example in every way on how countries should appreciate cryptocurrencies in its legal framework. In times when most of the policymakers are skeptical about the potential of cryptocurrency and some even considering it as a threat, Japan with all its swag is embracing cryptocurrencies wholeheartedly and Yahoo setting up a cryptocurrency exchange is just another example of that.

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