Will it be good for bitcoin if it will be regulated by the Goverment's

As time goes more and more things are regulated, at some point it is good because as we see, most part of population isn't very educated and take bad decisions. In this I mean that for example a lot of people fall in beautiful lies and believe that politicians want to improve their life, feds and etc are doing everything good for people... A lot of people also are ok to work like slaves and don't care to improve their bad situation because for example if some group of people work hard for 200$ and have a protest, there will come another wave of people who will be more than happy to work for 200$ on that position. That sucks, there isn't unite.
Well, why I wrote those is that at some point it's still good governments regulate things because people can't handle that but on another hand there is no need to regulate everything and bitcoin doesn't need any regulation from government. There are some type of people who are looking for freedom and will always achieve this.

For me, it's a good idea if the government regulates bitcoin, but I'm sure that bitcoin will be not the same way as it now. Because when the government controls bitcoin, it will be decentralized and we all know that bitcoin is centralized and the anonymity will be gone because they need to make sure that they know their users. We just need acceptance and adoption at this moment; some countries are making some laws about using cryptocurrency, and I think it is fair enough. But I still hope that the government regulates cryptos but, they will not remove the capability and ability of bitcoin.

Quote from: wozzek23 on September 30, 2019, 11:03:51 AM

Regulation will only bring sense of security for the investors and yes it will help the price of bitcoin to grow as many people will rely on it now to invest, and regulation will also give them the assurance that government have supported the cryptocurrency, but to an extent, regulation will defeat the objective of cryptocurrency, as in the true decentralization of bitcoin.

All these issue of anonymity will be erased and I am not sure that people will be able to use it as currency again, because there will not be any difference between it and the normal fiat system that we have been using that is fully decentralized, but since for now, we are just using the cryptocurrency for making money and trading, regulation will be good for us as it will invite more people.

I think every country with its government have been working on this .. to regulate bitcoin and any other cryptocurrency to protect their citizen from what they called as a high risk and dangerous thing. Is it work? Still in progress and research? To regulate the whole cryptocurrency space it's impossible , but to regulate a business that involved in cryptocurrency such as exchange regulation... ico regulation etc it's really possible and has a lot of benefit.

I'm not sure actually what really op mean with these 'bitcoin regulated by government' , one thing that I know ... cryptocurrency would always be like this no matter how they try to regulate the whole thing. It's wild .

Well, who knows, maybe this might be good for the system. It might at least help to get rid of scammers in the crypto community, and bring about some sanity in the market once more. But then again, it might cause some restrictions, but overall, it wouldn't be so bad, as it might also lead to some mass adoption of the system.

When the government is able to manage Bitcoin. I think it will make a positive impact on the development of Bitcoin. With the governance by the Government, I think all projects will definitely use KYC. Moreover, now that there are still many investors who have not returned to the market because they still do not believe in crypto.

The steps taken by the Government if able to regulate crypto, I think the security is increased and the investor will be protected by a legal entity.

Quote from: akirasendo17 link=topic=5188269.msg52580095#msg52580095 date=1569656478

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there will be manipulations that will happen, where in you bought bitcoin in as higher price
and see it after a few hours go down imagine what it gives to the investors heart , they will be devastated
when they have found out that they don't have the money anymore,

there's always been manipulation on any investment industry if the government regulates it they will be the one manipulating it

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what do you think will the regulation bring forth to us?

You will be taxed and the government is the one that will allocate how many amounts of Bitcoin you should have and they will closely monitor all your transactions, and you will be limited on the interest that you should make

Honestly when has leaving regulation up to the government ever done much good? They do not want to protect they want to control. That is what this is all about.

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I think that's the purpose of the government in regulating bitcoin, to help the users. Just like us, we're being regulated by the government to help and protect us. Same with bitcoin. This could help us, depending on how the government look at the cryptoccurency especially bitcoin. As for my country, since they're kind of positive towards it, I bet this could help us who's into bitcoin in our country.

-_- The government don't want to protect us. They fool people like you into thinking that they want to protect us. The government wants to control it has nothing to do with protection. They just want control over your funds and to know every little financial detail about you.

Quote from: Expecto on September 30, 2019, 06:13:39 PM

Scammers are one of the biggest problems of ICOs. If Bitcoin is regulated and legalized in a country, then it will have important benefits for ICOs I think. Thanks to that, ICOs could be more trustworthy.

This is true but you cannot just blame the scammers. It is also the fault of those who keep giving the scammers a reason to come back and they seem to refuse to educate themselves before making an investment.

When its come to government regulating bitcoin is not necessary. Satoshi purpose of creating bitcoin was not as form of investment asset but is to make secure , fast and easy global payment system without government or central bank control. When they regulate it they will start controlling it. they will monitor exchanges and transactions which is goes contrary to the satoshi vesion. And investor will regret when they regulate bitcoin. they will control it and start manipulating the price..

Quote from: akirasendo17 on September 28, 2019, 02:41:18 AM

Regulations will have a positive impact in the investor since they feel that they are safe
when its regulated , there will be manipulations that will happen, where in you bought bitcoin in as higher price
and see it after a few hours go down imagine what it gives to the investors heart , they will be devastated
when they have found out that they don't have the money anymore,
for example i have a friend who put all he's retirement's money on bitcoin during the all time high
believing the news that it will reach up to $50k only to find out and woke up that the market collapse
also some of my friends bought a miner then the next day they can't make any profit and the price of the miner
is so expensive, but at the end of the day everything is risky so always think and plan everything before making a
move that will change you life forever
what do you think will the regulation bring forth to us?

Regulations are actually of two types:
1. Regulations regarding the ownership of cryptocurrencies
2. Market regulations regarding trading of cryptocurrencies

I believe you are pointing to type 2 of regulations. But for governments, it is only possible to apply type 1 regulations. There is no way possible that type 2 regulations can be applied by government. So the concern you are pointing will not be solved even if government exercise some regulations. Let me explain in detail what I meant:

First, type 1 regulation. It involves making rules and regulations related to taxation of Bitcoin, use of wallets, check on foreign transfers, etc. The government could exercise control over these upto some degree. Now coming to type 2 regulation. It involves complete check on exchanges, looking that no exchange is manipulating prices, there is no insider information effecting prices and much more. This is only possible in stock market and not in crypto market. Why? Because stocks can only be traded via demat accounts as approved by authority constituted by government for this purpose. But in case of cryptocurrencies, there is free flow of coins from wherever the traders want. They may or may not use exchanges. So when government have no control over cryptocurrencies, it is also impossible to make regulations regarding their trading too.

Quote from: wozzek23 on September 30, 2019, 11:03:51 AM

Regulation will only bring sense of security for the investors and yes it will help the price of bitcoin to grow as many people will rely on it now to invest,

i agree on the security thing but this does not mean that we can now experience a scam free comunity , but believe it or not , there will still be scams and other negativity on cryptocurreny but atleast its now minimize .

cryptos can gain trust this way and it can surely attract people but at the same time it will also be the reason for some to unfollow cryptos because they love the old way of cryptos . so i think the value will still be the same and wont really grow hard as what you intend

I think a regulated Bitcoin will tarnish it's structure, foundation, prestige and reputation.
Being decentralized is what appeals most of it in the first place. Highly volatile yet lucrative
at the same time. It's top of the food chain in the crypto market. Taxes maybe imposed but
still it's better off unregulated by any government. It's better if they support it, it can
improve and help a lot in a short manner of time.

Regulations can suppress the trading values of cryptocurrency. It will stabilize the market and make it a safer investment, yes. But Bitcoin was made to be decentralised. Its main advantage is anonymity. If government takes on cryptocurrencies, transactions will no longer be anonymous, so it loses its main feature. And government wants is just to implement tax. That is all.

Well, I don't feel safeguard of our investment even we are regulated by the government. I know this is not the reason why they pursue to regulate crypto, I have to think that is meanly because they wanted all crypto holders are subject to pay taxes. I therefore not to agree this one and rather to stay decentralized form of market.

Having such freedom is greatly we have to experience even we face a huge risk in the market. The support of the government is just enough rathet than to think of regulating us.

Regulations are opposite of the bitcoin's foundations and roots. People wants to be safe but they should know that they are save when they control their own money, this is what bitcoin provides. Regulations will not be good for bitcoin. It will just become a virtual currency which is being controlled. This is not bitcoin.

Quote from: akirasendo17 on September 28, 2019, 02:41:18 AM

How come it is connected to the regulations?
Your friends investment went down and it is not connected to bitcoin having a regulations ,
And for the record Bitcoin is created to be decentralized and to be free from the government and I think that is the main reason why there are some who supports it even in it's early days.

Quote from: akirasendo17 on September 28, 2019, 02:41:18 AM

Well, the golden rule about investing is not to invest what you can't afford to lose. It sucks for people who have invested things like retirement money and alike, but Bitcoin's volatility was well-known from day one. As for the regulations, they will impact businesses that are using cryptocurrencies, and they will be able to provide some level of protection to investors, but they can't do much to control BTC, i don't think. That's the beauty of crypto, after all.

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