Will bitcoin Die because of global Regulations? - page 64.

AliMan

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Quote from: levvv on January 28, 2018, 11:33:11 AM

This is hard if we facing the regulations.
Bitcoin decentralized platform should be accepted by all regulators.
The bitcoin make everything easier. Altcoins too.
Then why they make the regulations that can restrain bitcoin future ?
Regulators... Sigh*

I don’t believe that bitcoin will die because of global regulations. It can stand alone with or without the control of the government. Digital currency will not die because of centralization of it. For me, if they regulate the value of bitcoins and take control of it. It will only continue to grow and will become one of digital currencies that is accepted and recognized by a country as an equivalent of actual cash in the future.

levvv

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This is hard if we facing the regulations.
Bitcoin decentralized platform should be accepted by all regulators.
The bitcoin make everything easier. Altcoins too.
Then why they make the regulations that can restrain bitcoin future ?
Regulators... Sigh*

matthewogus01

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Bitcoin might go down in the short run because of China, but in the long term Bitcoin and other cryptocurrencies will stabilize and go up again.
The question you need to ask yourself is: Do you believe that Bitcoin has the potential to create an economic revolution, by taking the power from the governments/banks and putting it back in the hands of the people?

In my opinion this is bigger than one nation and China is just panicking a little bit. They will understand eventually that it’s better to be a part of the game of the new economy than outside of it. This is why they are not banning the mining. Soon they will let the exchanges reopen.

This is not a get rich quick scheme, but with proper management you can make some nice extra cash from it. Investing in Cryptocurrency for me is not an option to get rich but an option to earn more. That eventually can make you rich or not, it will always depend on you.

rudyjaya

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In my opinion, bitcoin would not die because they just worries because Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. So whatever any regulation cannot kill bitcoin.

Amilhussin24

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Global regulation for bitcoin can never cause bitcoin to die perhaps it could become a reason for people to get involved on it. Regulating bitcoin will exposed publicly. And besides businessman are willing to invest if bitcoin will be legal in any country.

eaLiTy

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I can understand what you are trying to say here,but what are the regulations they wanted and what they are trying to implement.

All the countries want to stop foreign funds and the money flow out of the country and they want to implement strict KYC to track every transaction.
These sort of implementation might strangle the huge volumes we see in some exchanges and there by might sort out the fake volumes to manipulate the price.

These sort of regulations wont kill bitcoin but there will be more transparency and everyone will be accountable for every penny .

filharvey

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Regulation of bitcoin would only benefit bitcoin's progress.Only complete banning may go against its development.With bitcoin getting regulated,even more people would get confident enough to invest in bitcoin.

GC2263

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I dont think bitcoin or crypto will die because of regulation. With regulation or control, there will be more investor to bitcoin but it will surely stablelise the price, just like any other currencies.

nl247

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Quote from: WhaleHunter on January 26, 2018, 09:55:07 PM

This crackdown by institutions on cryptocurrencies is indeed worrying. I don't think this will mean their end, but it could lead to an ice age with much lower prices.

It is a crackdown, it will pass, the whole crypto environment is new and we do not expect the government to just take it as a pinch of salt, most especially when it disrupts a lot of things they have been benefitting from for a very long time. Regulations may look worrying now, but as time goes on, things will gradually change as they keep seeing benefit themselves bit by bit and as bitcoin and cryptocurrencies keep getting even more grounded.

Honestly, if I am government right now, I would be worried as F***.

bitcampaign

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I do not think if bitcoin will die and you should know until now many users than before because bitcoin is very helpful in the financial field. then before bitcoin is banned by the government in my country. I will still use bitcoin

Kakmakr

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Government are definately in a panic mode with the introduction of Bitcoin into their financial system. It is suddenly not that easy for them to stop capital flight, because Bitcoin is borderless.

Bitcoin is also pseudo-anonymous, and this opens up a whole can of worms with a lot of criminals using this technology for criminal purposes. These things are unstoppable, because people will just find other ways to do this.

The only temporary solution is strict regulations for Crypto currency use.

monkeydominicorobin

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The only thing that governments all through out the world can regulate are the things that are within their grasp, boundary, territory, and jurisdiction. Bitcoin is just not within their powers to regulate. Only businesses that makes use of Bitcoins can be regulated but Bitcoin itself will never be regulated.

derago21

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I think regulating Bitcoin will keep it alive from dieing, if you look at the past banning BTC in certain countries have severely affected the btc trading, but if you regulate it, it adds more value to the crypto world instead of going deep down the hole.

senin

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Global rules imposed by various states are not so scary for bitcoin and other crypto currency. It would be naive to assume that the crypto currency will strongly affect the economy of each country and the state will not notice it and will not try to regulate its circulation. There were two possible options, either to prohibit or regulate. When regulating, as we can see from the regulation of the crypto currency in South Korea, the state can oblige owners of bicones and other crypto-currencies to identify themselves, including for tax collection. Apparently, this will have to come true. However, in general, this will not affect the Crypto currency. It will develop and prosper.

Edrian

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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?

If this continually happen then bitcoin will drop its value at the moment, but it will not kill or stop bitcoin, The said countries only regulated bitcoin and it can be changed, but it depends on what reason why they regulated bitcoin, for example, South Korean regulate bitcoin because of tax evasion and 200,000 people signed a petition to unregulate bitcoin, it was a huge loss if other countries will follow in this kind of system but still the bitcoin will live without them as long as people support this currency.

senin

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Who knows, universal regulation of the crypto currency, on the contrary, can save it from a general collapse. In any case, the state regulation of the crypto currency is inevitable, since the crypto currency strongly affects the economy of each country and no state will stand aside from this new phenomenon of crypto-currency. Therefore, the state regulation of crypto-currencies must be treated with understanding and patience. Normal regulation, as in Japan, will only benefit the crypto currency.

WhaleHunter

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This crackdown by institutions on cryptocurrencies is indeed worrying. I don't think this will mean their end, but it could lead to an ice age with much lower prices.

removebeforeflight

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Each country has their own regulations to enact law about Bitcoin, governments of the country wants to control and administer any kind of currency related market so regulations is needed for Bitcoin as well. If you take Japan for example for good regulation for Bitcoin and other countries have different views on Bitcoin. However, these regulations won't hurt Bitcoin in any way, when time and days passed, all the countries would accept bitcoin for sure.

The_Dark_Knight

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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?

Did you expect anything else? Because I expected this and more, bitcoin hits governments and banks were it hurts the most, in their wallets and by not allowing them to steal from the wallets of others, so this is just the beginning we are going to see more oppressive laws all over the world but fortunately for us not all the countries of the world are going to follow that route, it is likely we are going to see the creation of laws which are bitcoin friendly in a number of countries trying to attract investors and that will be enough to help us avoid all those crazy regulations.

finthebar

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Some governments and banks have been trying to do an axe job on Bitcoin for a while. Obviously, the crap they sometimes come out with is at least, unhelpful and at best damaging to Bitcoin in the short term - but Bitcoin is in many ways immune to much of the interference, and it gets more immune when it gets exposed to some of these antics. When a country tells its citizens what they cant have - they usually want more of it. When the world sees that Bitcoin continues on despite all the FUD, it sits up and takes notice and begins to believe that this Bitcoin is an unstoppable force.

Sure it would be easier if the naysayers capitulated, but that would be too easy.

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