Topic: Will regulating cryptomarkets increase or decrease trading volumes? - page 4. (Read 516 times)

@dothebeats @exstasie @leonair @Cryptoman55227

I said it because, cryptocurrencies (and Bitcoin specifically) were/was created to avoid any regulation from government and the current banking system. Not to create a store of value, a speculative asset or a currency, but still to be controlled by governments/banks.

If you look at who were the first people to take part in the project they are all part of the cypherpunk and anarchist movement, these are the real origins of Bitcoin. Disturb the governments and banks for a political and a social change (without the need for a riot, war, etc...)
Accepting regulations with cryptos is like finally to admit that the dream for a currency outside the traditional system is definitely not possible. The real crypto dream is destroyed. If today you accept regulations, in 5 years you will accept to see cryptos issued by banks only, because you think it's better, safer, or any other reason...

So then the privacy/cryptography/anarchist/true cryptos advocates/average user not considering crypto as a speculative asset (ie: someone more interested in the uses case than the money you can make from it) well, the real bitcoiners you know, don't really accept to see cryptos regulated and may lose faith in the purpose. You can check yourself, you rarely find a cryptographer advocate here. As I said the real crypto dream is destroyed.

Cryptocurrencies and cryptography are all about privacy-enhancing technologies. Where is your privacy if institutions, banks, and governments can still see what you're doing with your money? There isn't any. You can call it cryptos, pokemons, or rainbows if no privacy then it's not really useful.

Cryptos don't help to prevent illicit activities,(The same way debit card technology failed to prevent it) consider what is now becoming popular "privacycoins" and the demand will increase a lot. Just to tell you Monero is a baby compared to some technologies used in privacycoins.

This was the reason I posted "accepting to be regulated may lose the credibility of any project."
Imagine a privacycoin telling we want to be regulated! People will watch like this => (0.o)

I also said the opposite while saying it can help and yes I do admit this is inconsistent. Unfortunately, we read too many times in the news which knew how to talk badly about Bitcoin on every occasion. What was the mainstream opinion? Oh, Bitcoin is wrong, it's a criminal currency.
Getting some regulations is like getting an approval from the government and so maybe change the mind of people and so more people adopting crypto. But what regulations are acceptable or not is something difficult to talk about.


Ah, see yourself and compare with fiats. With all the regulations we have (such as limit withdraw weekly, explanation needed when you need 1500$, this, that and again this) Does it help to prevent frauds and other criminal activities? No there are more frauds than ever. As you know, in the old time money didn't exist, no coin, no card, no bank, people used to trade only. I need 5 apples, you need 5 tomatoes, you then exchange 2 tomatoes for 2 potatoes etc. Then sugar was the currency then gold... During this time, fraud existed. So do we need to regulate apples, tomatoes, and underwear?...

Counter: Bitcoin's demand will be driven higher by institutional players who otherwise aren't getting in due to crappy unregulated exchanges. If there demand can off set the demand lost by altcoins then this is no big deal. Of course that is a big what if but I think we stand a better chance carrying on with some regulation than without any. I don't want a ton of oversight, but some is certainly welcomed at this point in time.

It might turn out to affect Bitcoin as well. People don't think things through properly. While I am not at all a fan of Ethereum or any other altcoins aside from Monero, they actually play an important role within the entire crypto ecosystem. Ethereum's growth resulted in people using Bitcoin to either buy themselves in these tokens early on, or to trade them on-exchange at a later stage. And that's just Ethereum with its ICO thingy. If we look at the global altcoin market, and regulations making sure exchanges as Binance (non fiat exchanges) increase the demand for Bitcoin to trade it against altcoins, it significantly helps in taking possibly hundreds of thousands of coins off the regular Bitcoin market. Binance alone has a trading volume of over 200,000BTC in the last 24 hours! Less demand for altcoins and tokens means less demand for Bitcoin.

The regulation has positive and negative aspects:
positive:
Get rid of scam cryptocurrencies: After the huge rise in the price of the Bitcoin we saw a lot of currencies and ICOs campaigns that have damaged its reputation.
Dispose of useless cryptocurrencies: If we need the cryptocurrencies, this does not mean we need more than 1000 coins and tokens.
Reduce the price of ether: Since most of the tokens depend on it, it will also increase the demand for cryptocurrencies that can not be traced like Monero.

negative
prices drop: These currencies will lose one of its most important advantages (decentralization).
Reduce price volatility: going to be stable currencies like gold

The biggest issue current from speaking to people regarding crypto is the lack of regulation and the phrase that keeps popping up is the wild Wild West! This is bound to scare any serious and retail investors away for the time being

I believe most traders are humans; even the robots are patterned by humans giving them instructions on actions to take given a market trend. Most decisions taken are with respect to traders' reactive behaviors. So, in view of a well regulated market, this will definitely have a positive influence on the volumes of trade experienced in the Cryptocurrency markets.

well, first of all before ICOs and before devs asking to get paid to develop, everything worked fine and there were unique possibilities in crypto back then and projects were a lot better!
secondly i don't know any ICO that has actually done something. i would like to hear about an old one (like a year old) that is now doing what it promised.

regarding ethereum i have to say the only thing "great" that it did was to bring popularity to smart contracts but it did it in a terrible way on a bad platform.

Most of many investors of cryptocurrency thinks that regulation its a bad thing, that it premit the government to take control and manipulate cryptocurrency, especially bitcoin. But that's not it. With regulation, there will be less scam and fraud going on in the blockchain technology. Most ICO are setting up scammy projects to lure people into investing in tokens which will turn out to be shitcoins but with regulations, this will be less.

I'm more loud, that it will have more positive effects to cause an increase and the existence/popular of crypto in many countries. And of course with that.., maybe scams activity will decrease and more and more people believe in the ICO they choose to give a boost their sense of trust.

I think if cryptomarket regulate by government, it will increasing daily volume. I am believe that because if government issuing regulation, investor will more be confident with cryptocurrency because before that, many negative news about cryptocurrency

In your opinion, how can people trust crypto?

What makes a high or low investor in determining investment is the security system. There are some investors who don't want to take a risks in spending their money to invest, and few investors dare to risk investing, such as cryptocurrency which is very high and very risky. One of the most scam is in ICO products, so far many ICO issued a project created by a scammer and make big losses to investors.

Regulation of ICO will make market cryptocurrency increase, because the security system has been tested. With regulatory policy will help clean up scammers of ICO products, will certainly make investors more unimpeded in spending money. We need regulation to make cryptocurrency safe from scammers, so that unbelievers' views of cryptocurrency will be refuted.

regulating bitcoin depends on how it will be regulated, the scope and the extent of that regulations, but in a way, it will boost the market trusts, resulting in increase in demand, if bitcoin will be regulated, scams and illegal use of bitcoin will be regulated, ICO will be regulated too. thus creating a more secured and reliable ICO, it will be widely accepted because it will finally legalize bitcoin though it is not illegal too, it will also regulate whales and coin hoarders.

The recent ban of Crypto currency advertisements on major social media sites, created an environment where the baby was thrown out with the bath water. < Don't throw the baby out with the bathwater is an idiomatic expression for an avoidable error in which something good is eliminated when trying to get rid of something bad, or in other words, rejecting the favourable along with the unfavourable. >

By doing this, they rejected the favourable along with the unfavourable and this in turn, caused a decrease in trading volumes.

What they should have done, was to establish some kind of filter mechanism to identify the scam ICOs and scam projects and only allowing the legitimate projects.  

Regulation will increase investors confidence and invariably increase trading volume. It will be like what happens in Forex Trading. Do you know how many millions in dollars have been lost through ICO scams and the damage that has done to the crypto industry? This can't be quantified, believe me. It is better the sharks are checked on time to prevent more damage.

OP, would you rather swim in a shark infested river than a dolphin's?

Edited
Here is a good link to a recent thought as ⁠ Regulator Says Cryptocurrency Exchange License Will ‘Strengthen Confidence’

I agree with dothebeats on this one, LeGaulois said that it can increase the trust and even help then damaging the crypto reputation? which is which? regulations by the regulators wouldn't mean a full control into a specific ICO so why it would damage the crypto reputation? and besides the main purpose of this regulations is to lessen or even eliminate the never ending ICO scams. Sometimes doing good things are risky but for as long as it outweighs the bad things then it's fine instead of doing nothing at all.

I think, decrease
Also, we'll lose a volatility of crypto
And will forget about huge x and grow of price
But the same will be with falling of price. It's one of the advantages of regulation

A lot of people are hesitant to invest in crypto markets because they believe and perceive that it is just a scam. I think regulations will give a boost to the industry because people will start to feel comfortable about it.

i think this is very good because it will be able to increase investor confidence in market. in addition to reduced ico i think will be better because qualified ico will running, so that investors will also feel more secure invest their funds

It would increase crypto market because big institutional investors would be able to trade then which prohibits them from entering the market now because of lack of legalities or regulation. There are still problems regarding the recognition of cryptocurrencies when it comes to financial matters so having a regulation would have a guideline that would help the people how they would treat cryptocurrencies. In effect, when more people, businesses or institution get in, trading volume would increase.

Even if there are lesser ICOs because only a few can launch it since there would be strict requirements, this is also good for the crypto community because it would prevent or at least lessen the scammers that are just launching ICOs to get money of the investors and then run. The already existing coins would just grow in price if their developers would push through the projects and still the volume would increase.