Will bitcoin Die because of global Regulations? - page 65.

faceoff97

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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?

This things are already expected to happen, this only means that Cryptosystem is really making a big impact and now getting started be recognized. Regulation is a normal, thia would allow coin Holder to move freely in a country. Regulations alao helps to minimize the ever growing number of scam. It will not actually kill bitcoin but will make it more popular and accepted by the majority.

But on the other hand, regulations might also be use for personal interest. Government would not allow their country not being benefited by bitcoin. Through regulation, government may now apply taxes and larger fees. Government also has tge power to manipulate its value, but the good thing is that bitcoin ia decentralized which means they cant have tge full control.

tree1100hn

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Now encrypted digital currency too much, all countries can't good track flow, also can't to hide huge wealth tax, so be more countries ban is a must, but BTC represented by decentralized digital currency, and can be a very good growth shows, each country and cannot control the anonymous encrypted digital currency.
So it's still good for BTC, it's going to be higher.

bitart

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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.

That's their only possible tool against bitcoin, together with banks, governments can ban the access to exchanges where people can buy/sell bitcoins. This is a kind of 'last chance' for them in my opinion, first governments will try to tax the profit coming from bitcoin related transactions. If they can't identify the tax payers effectively, then they can force exchanges to verify the users and share their data to the national tax authorities. If everything goes wrong, they can freeze the account of the exchanges to prevent them using fiat.
Despite of the above mentioned things, authorities cannot stop cashing out from bitcoin to fiat but they can make it to be a real pain and risky (using localbitcoins only and meet with the seller/buyer in shady environment... etc...) This is the situation where the Lightning network cannot solve the situation (if they ban bitcoin totally, but I don't expect this, as governments can have huge incomes from taxes in connection with bitcoin, so it's not their interest to stop taxing and just ban the whole thing).

ronypro

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Quote from: gabmen on January 17, 2018, 04:03:59 AM

Quote from: eucalyptus on January 16, 2018, 07:51:42 PM

If people support cryptocurrencies I dont believe that bitcoin will die. Goverments do not want to support cryptocurrencies because they want their own fiat money to be better. If we support and use bitcoin in real life it will never die.

Well, governments certainly can make it hard for people to have access to crypto though. They're afraid of something they don't have complete control on and they have the means to affect the crypro marker. Much like what's going on today. But not enough to make crypto cease basically.

Yes you are right but the thing is as bitcoin grow much more in strength the government will put more and ore pressure on it.
They will make it difficult to use.mostly communist nations like china hae that kind of mentality to control,all of their people's money.

deekee

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At its essence, Bitcoin displaces the intermediary, and there will be no sacred cows along the way.It will be methodical, scientific and unforgiving in its ascent.

gabmen

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Quote from: eucalyptus on January 16, 2018, 07:51:42 PM

If people support cryptocurrencies I dont believe that bitcoin will die. Goverments do not want to support cryptocurrencies because they want their own fiat money to be better. If we support and use bitcoin in real life it will never die.

Well, governments certainly can make it hard for people to have access to crypto though. They're afraid of something they don't have complete control on and they have the means to affect the crypro marker. Much like what's going on today. But not enough to make crypto cease basically.

xiaowu55

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It is bad news for the encryption of currency, but I think it will not let it die, it can only slow it advance footsteps, I think the currency now belongs to the globalization, not because of the few countries against death, the end of the day, these countries will accept it

ronypro

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Quote from: JCLee on January 16, 2018, 05:01:36 PM

I don't think Bitcoin will die

) There are a lot of trouble that Bitcoin need to get over before it can be accepted all over the world. It's really difficult and take really much time but no pain no gain so I think we just need to wait, support for Bitcoin at the moment

Yeah but for it to grow it need to solve its scaling problems still now the mempool is overloaded.
I think the price is much higher than the technology itself.
This is why we are seeing a correction.Cause the guy bought a 20k btc found out that its no use for day to day use as of the fees.
And panic sale.

Gardar

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I am not sure at all if that would be good or bad, but always the gouberment wants to get something of the great things... that is a good signal for the people who invest in btc

eucalyptus

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If people support cryptocurrencies I dont believe that bitcoin will die. Goverments do not want to support cryptocurrencies because they want their own fiat money to be better. If we support and use bitcoin in real life it will never die.

kier010

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regulating bitcoin is good compared to banning it. many users/investors support bitcoin because of its freedom and regulating may affect bitcoin but it will not die because of it. bitcoin have walk a long road already and many have go along with it and walk side by side.

TiffanyLien23

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It might be affected but it cant be dead. Bitcoin is the king of all the cryptocurrency. Eventhough other countries banned bitcoin but i am always thinking thatbit cant be dead like evryone said.

Jessica2009

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According to my concept Bitcoin will never die of global regulations people only become confused by hearing about global regulations by the government since bitcoin is not controlled by any third party it is controlled by the users himself and the actual identity of the users are not revealed so people are free and no need to be panic.this is a good idea to make people panic so that by hearing first about such situation the prices will be coming down and people will get a chance to buy more bitcoin and wait to be positive.

TraiKH

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Quote from: WNbahr on January 16, 2018, 06:27:22 PM

I think bitcoin will not easily die simply because of global regulation, although some countries and even all countries apply the rules of investment to their people, 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.

I do not think bitcoin can be lost just because of that kind of regulation. It is true that countries around the world have forbidden bitcoins for a long time, but they still exist and develop normally to this day. I do not think bitcoin can go away and it will last a long time.

WNbahr

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I think bitcoin will not easily die simply because of global regulation, although some countries and even all countries apply the rules of investment to their people, 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.

Sir Cross

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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 agree. Even with many government regulations, I don't think it's going to kill bitcoin. It's but expected for there to be these kind of government regulations because bitcoin and crypto has been exposed to the world for the past year. But even with these kind of regulations, there will still be many users and supporters of crypto. The price may be going down now but bitcoin will still continue to grow, and it has plenty of potential to grow.

hosseinimr93

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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. There are some people always panic after any news and they are causing the price to fall. It won't last long.

Carmen01

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I think they already talk about to regulate crypto byt for now that is only hope because support by different country are no good now i think in some time in the future crypto will be govern by someone but if you think more or wise i think it's not good if we govetn crypto in some way but still it also good in some way so better now and in future.We already experience the good of crypto now so even we don't have government yet still we use this for conveniece and run also by that.

Digital Mutant

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Bitcoin is decentralized and anonymous, it can die. The market value can decrease and rise again as in every market
In this moment central controls want to regulate but I bet that they also have invested in crypto haha
yes of course we are at a key point but elieve me there's so much people involved in this that it can die
think about all the people working in the crypto ecosystem. developers, advisors, investors, infrastructures, mining ecosystem, events and agencies that promote and work with crypto, all of us (growing every day)

just keep calm and stay positive!

Zicadis

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Dump it!!!

No crypto will be dying but We just have to come to terms with the authorities in charge of these regulations because its the only way to use cryptocurrencies freely without being in dispute with the law and already we have seen some exchanges, banks and card issuers are all been affected by these regulations which is also limiting the adoption process.

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