Topic: Will bitcoin Die because of global Regulations? - page 55. (Read 4582 times)
Every country has its own regulations, not only China, but there are also other countries that are restricting holding ICO, blocking BitCoin, any cryptocurrency transfers, and regulating bitcoin's action. But in my point of view no countries can do it completely
Bitcoin can always overcome the pressure and negative news, even when big news like the biggest users of china banned bitcoin ago segwit issues and so just make bitcoin continue popular and prices skyrocket, I'm sure even though global regulation set or banned bitcoin then everything will not affect anything.
This further proves that the advantages of bitcoin can backfire to bitcoin. A decentralized system in bitcoin makes no one able to control bitcoin, on the other hand how the government will control a nation if the bitcoin itself can not be controlled. Then the global government regulation will have a big impact on bitcoin market even can make bitcoin die.
I think bitcoin has passed the test of time. So it's staying with mankind for long
Even they regulate on their own countries, bitcoin is still work on global range. Maybe they have control on their countries, but bitcoin still runs through the internet and they have no control. The circulating supply of bitcoin is not on any countries control. As long as this is not controlled by one of these so called "country", bitcoin will continue to run and prosper for the future days to come, at least that's what I hope.
Bitcoin is a first and famous decentralized cryptocurrency with a store value and the trasactions are made without a middleman , There has been regulatory move on Bitcoin and cryptocurrency market even though there was a regulatory move there have been a growth in the market. Bitcoin market rushes up when there is a regulations in Bitcoin so according to my concept Bitcoin will never die because of global regulations. Those who doesn't know the blockchain technology predicts that Bitcoin will die of global regulations .
of course not, when there is a regulation for bitcoin the bitcoin price will be very high and it is certain that many buy bitcoin because bitcoin has become legal with regulation for bitcoin.
I know that global regulation will be a big factor to bitcoin in the near future that they will make some policies and regulations to make it more useful to everyone but I do not think so that it will kill bitcoin, bitcoin will be a huge thing for us in the future.
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?
See something which has a market of more than 750B USD market capitalization is deemed to have involved a lot of people from the market. You can't say that govt. can leave such a huge popular thing unregulated. Regulations will come. Only if btc will be able to curb its way out from such norms then only it will be said as a global currency or environment but yes it will have a negative effect for once. 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?
Yes,Its obvious.At this moment I think that bitcoin doesn't create a great threat for Central banks(Another issue is in the case of commercial banks),But they think that this will be dangerous and they want to create regulations as in fiat currency are, But in my opinion this will be nonsense.at the same time Commercial banks trying to earn more and more cryptocurrency (for example in my country)
@And about global regulations,At the current stage there is no joint approach about virtual currency,despite the fact 3% of Goverments are trying to create very strict,Local regulations to ''avoid'' risks.
hard to imagine that bitcoin will die because of regulation. i think regulation is good for bitcoin progress, it will not kill bitcoin. If bitcoin gets regulated, more investors would invest in bitcoin also bitcoin will more be growing.
bitcoin is decentralized . it is distributed throughout the world . the government cannot ban it . it can trade freely through the internet . some countries now control the exchanges . but decentralized exchanges have become popular . the government's influence on bitcoin will be getting smaller and smaller
With South Korea attempting to regulate crypto, of which the primary appeals to it, was that it was anonymous, immutable, permission less, and global, by regulating it to the point of making it non-anonymous, over and above the tax regulations, what will other countries feel bold enough to try within their own countries to regulate crypto?
Honestly speaking we should admit that global regulations can kill bitcoin. We all know that some of the countries already kill bitcoin or banned it to their country. Just imagine that if all the countries in the world will do the same thing, this will surely the end of bitcoin because globally banned. So I piece of advice for my co users of bitcoin, we should re act or behave accordingly because surely our government is just waiting for our bad move for them to have a reason to banned bitcoin and create their crypto currency.
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?
These things will certainly be very influential at all for the development of the world of cryptocurrency. Because now a lot of countries that reject the existence of crypto in the country even though many countries that accept crypto. I am really very difficult to predict the market this year. Because this can be a big problem for crypto development. But whatever happens, I believe it is the best. 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?
Bitcoin is intended as a coin that is not controlled by the state and no one else, but as we see, this regulation on the part of the countries is not only possible, but also damages the crypto currency! I do not think that bitcoin will die, but actions by states destroy trust in bitcoin!
No way, I believe even though crypto has a centralized regulations but crypto will not die. Because crypto usage can only do with the internet, so as long as the internet is still there and there's still a big country that supports crypto, I'm sure crypto will not die.
Bitcoin might not die out completely, but it definetely needs a repackaging. And this isn't because of global regulations .. With more and more cryptocurrencies being introduced everyday, most of them try to fill the void and bridge the gap of the plethora of drawbacks.
With that being said it completely possible in the recent future for an upcoming cryptocurrency to topple the titan.
With that being said it completely possible in the recent future for an upcoming cryptocurrency to topple the titan.
Global regulations represent one of the biggest threats to Bitcoin's survival, most states wants to control the independent crypto and bring it to account, a factor that will make it lose its value as a cryptocurrency, if the trend continues, Bitcoins existence is at stake, AS It will either have to face taxation or risk getting Banned
Regulation are not meant to control the crypto for their own purpose because we do also benifit from it , like for example if global regulations will be implemented , we can now experience a more stable crypto and for me , i think being stable is much better than being volatile because we can now be confident on what we invest. When it comes to taxation , i think i will also agree with it because we also have our tax on our regular currencies and tax are meant to be helpful in order to improve their service.
It is good question, I think bitcoin will not die because this technology is going great and when any country take it clear this technology than reach the great action and watch again the rules and the bitcoin and feel better,
If the regulations are very restrictive, this will bring huge impacts to cryptos and could even end this still incipient market close to others already consolidated. But I do not believe that this oppressive movement will occur in all the countries with the highest GDP.
Global regulations represent one of the biggest threats to Bitcoin's survival, most states wants to control the independent crypto and bring it to account, a factor that will make it lose its value as a cryptocurrency, if the trend continues, Bitcoins existence is at stake, AS It will either have to face taxation or risk getting Banned
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