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Topic: Will it be good for bitcoin if it will be regulated by the Goverment's - page 2. (Read 769 times)

sr. member
Activity: 798
Merit: 258
I do not find it bad if it is regulated in the country in which I live. If this is true for bitcoin's sake, too, to prevent scammers from being victimized, then, in my opinion, it would be nice to have a Mining rig even if the price of bitcoin dropped. , we just don't know when it will happen. Just keep in mind that selling us should be the right timing and the right purchase.
sr. member
Activity: 1036
Merit: 275
Regulations will have a positive impact in the investor since they feel that they are safe
when its regulated

Regulation of Bitcoin will never make investors feel safe. The main focus of regulation is to control the amount of Bitcoin sent or received by everyone on the blockchain network.  Regulation has the tendency of making the market value of Bitcoin to be static. Once it is static, profit margins also depreciate causing investors not to make any significant profits out of their investment...
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
If this is the only way for us to be freed from the hands of governments who hinders us to grow bigger?the I would agreed on regulation because let’s admit the reality that this is what killing us.

Around the globe the fight against Bitcoin is growing and only few is gettin interested in adoption so why not just Go with the Flow .anyway the real question is HOW AND WHEN
full member
Activity: 1624
Merit: 163
Regulation by the government is nothing but a nuisance to the public. I wouldn't want Bitcoin to be regulated as It will be restricted in some was. Bitcoin is built to be decentralized, to be owned by the masses not the government. Let's say Bitcoin is regulated, what good it will bring to us? will it help lessen the crime, I think no. I think Bitcoin will stay as it is but the movement of the people will be restricted.
member
Activity: 173
Merit: 12
I think some regulation will make everything about crypto better. Crypto-field is so open that any one can issue a token contract and start an ico, bounty, airdrop, and a lot of promises to revolutionize the industry, but very few know what they are doing. The rest are just wasting time.

Regulation can make this much better. Don't have a solid idea about how this regulation should be.
hero member
Activity: 2268
Merit: 789
The reason for the creation of the blockchain is to free itself from the conventional way of handling our transactions- which is the manipulation and regulation by a third-party company. If something were to be regulated, expect it to be manipulated and controlled in areas that should be free instead.

If bitcoin were to be regulated by the government, its price would fall and be stable like any other investment mechanism. Its volatility will be lessen significantly and investors would shift their attention to a new method of investing. In addition, manipulation of the prices, supply and demand would most likely happen in the long-run if it were to be regulated at some point.
sr. member
Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
Government is struggling with the type of volatility in bitcoin and the 2017 bullrun give the whales so much concern to control it early. I beleive the price is liable to reach 50k with last pump but will large force to bring down the space. IMO the government gets a relief with the market dump. However, we a strong regulation for ICOs and IEO. That's where more concern should be  placed, criminal should be prosecuted and subsequent acts should be prevented.
full member
Activity: 616
Merit: 100
Decentralized Ascending Auctions on Blockchain
What is happening in my country about crypto, I'm not so sure if the government can set it up.
I listened to the news that the Government had provided information if Bitcoin was difficult to regulate.
Bitcoin does not have a standard price that can be set. So this Bitcoin can make you rich quickly, but you can also lose a lot of money. So it's too risky.
But the government is still doing research, but until now crypto can still continue to thrive in my country.
I believe if the government can make regulations on the crypto, I think all investors and members can get good security guarantees.
sr. member
Activity: 812
Merit: 250
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?
I think it may lead to a good and bad outcome, regulating the usage of bitcoin such as making some laws about it may help the community to lessen and reduce the volatility of cryptos and also it may lead to corruption since it talks about money, so that I think government should discuss this deeply because cryptocurrency has a big impact to our economy and it can help to improve our community today.
member
Activity: 201
Merit: 11

I believe that it will only be a matter of time before states introduce their own national digital currencies.
I don't think that can be good for the BTC. It will only be a marginal currency for a minority of the population.
sr. member
Activity: 1512
Merit: 326
No.Regulation by the government will make bitcoin have a lot of restriction and the usage of bitcoin will be decided by the government it could be good or bad depending on each decision the government will come up,maybe regulation may help reduce the volatility but do you think that it is a good thing or nah

I agree with you and also the regulation can also cause bitcoin to be taxed in a country. but many people expect bitcoin regulation in the hope that prices can soar much higher. but before discussing further it seems that will not happen because the trump itself had made a negative tweet about bitcoin before.
sr. member
Activity: 630
Merit: 265
In my own personal opinion, there will be an advantage for us bitcoin users if bitcoin will be regullated by the government that we can now use bitcoin in our daily lives and a lot of people will not be afraid to invest their money in bitcoin and other cryptocurrencies. But i think there will be disadvantage to it that it may involved to corruption that most of our transactions will have taxes and huge fees.
sr. member
Activity: 864
Merit: 284
I think more jurisdictions regulate and clarify the legal status of crypto currencies, the crypto market will become much more stable but unclear regulations and direct bans by the government have proven to be dangerous for the crypto market when investors worry they will sell their bitcoin, thereby directing the market to a bearish situation.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
I'm not against regulation of Bitcoin and cryptocurrencies in general. Many are afraid that this might ruin Bitcoin and it's essence but I don't think so.
To my opinion regulation will protect Bitcoin users and define what is legal or not. Also, this might attract more businesses into Bitcoin because it will give them a legal framework and security. Regulation of Bitcoin might also open the door for Bitcoin and cryptocurrencies into traditional economy system.
member
Activity: 574
Merit: 12
Regulation of cryptocurrencies by states is a necessary stage for its further development. Without legalization and regulation of this type of activity, fraudsters and thieves cannot be defeated. In the first half of this year alone, attackers stole more than four billion dollars. This is a very large amount. Without certain control from the states, this figure will grow and we will not be able to feel safe.
In addition, cryptocurrency must be integrated into a single payment system of states in order to go along with their national money. In any case, this must happen in order for it to be completely liquid.
hero member
Activity: 1414
Merit: 505
Backed.Finance
I don't see the purpose of the government interfering with bitcoin and cryptocurrency. The nature of bitcoin is decentralized and it can function without the regulations of the government. If the concern is about scam and theft, I think it's our own responsibility to avoid it even without the help of the government. They just want tax and manipulation from here.

Correct,  being decentralized is the core essence of bitcoin and that make bitcoin unique.It will become messy when government comes in. Bitcoin means freedom, if its regulated then its lost its essence. There are cryptos also that is not open and government can join or develop their own, they should leave bitcoin alone and let it innovate and progress to its full potential.
legendary
Activity: 3416
Merit: 1225
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let's take it piece by piece
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there will be manipulations that will happen, where in you bought bitcoin in as higher price
There's always been manipulation and it was not stopped or will this ever stop even if there is regulation in place

Quote
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

Blame your friend or whoever advice him to put his retirement funds to invest in Cryptocurrency, it's always been the old adage only invest what you can afford to lose if he follows this advice and he still invests he should not blame anyone even the market


Quote
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,
Again not doing research and proper calculations, easiest way to lose your funds.



sr. member
Activity: 1512
Merit: 326
regulations are not always good you know. there are a lot of cases where the regulations is actually harmful to the businesses and as a result to the overall adoption. for example the high taxation laws, invasive KYC implementations, restrictive and expensive licenses that the businesses would have to get before they could operate,... and a lot more.
so we can't really say if "regulation" in general is good or bad for bitcoin. we have to do a case by case study to see if that particular regulation by that particular government in that state is good or bad for the people.

Regulation is not always good for those who want freedom in managing their assets without certain restrictions. and also the actual regulation that should exist is to support the means of payment by crypto and make it easier for someone to make a transaction or payment anywhere with the smallest fee. and of course if a financial regulation about crypto exists. I think tax is also certain in bitcoin. is someone ready to pay tax for bitcoin that should be free of tax?
full member
Activity: 798
Merit: 121
I don't see the purpose of the government interfering with bitcoin and cryptocurrency. The nature of bitcoin is decentralized and it can function without the regulations of the government. If the concern is about scam and theft, I think it's our own responsibility to avoid it even without the help of the government. They just want tax and manipulation from here.
legendary
Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
No.Regulation by the government will make bitcoin have a lot of restriction and the usage of bitcoin will be decided by the government it could be good or bad depending on each decision the government will come up,maybe regulation may help reduce the volatility but do you think that it is a good thing or nah
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