Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: hinz on August 22, 2018, 12:55:15 PM
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Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?
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crypto itself was created to avoid government regulation. i think it's hardly possible in real life.
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Regulation in cryptocurrency will never come. But countries can create limits regarding those countries own fiat currency. Fiat currency to cryptocurrency can only be the ways to limit them.
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Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?
I think its enough to tax profits, there is no reason to regulate it further. Pretty much in all developed countries it's completely legal. And the tax is not bad, its same as normal paycheck.
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Regulations are made to control unexpected movements and actions in the future. In my personal opinion, i agree that there are government regulations regarding cryptocurrency as digital assets and alternative payments in business other than fiat. With regulations, the prices of all economic products will remain stable because cryptocurrency is not a primary payment. Regulations will make it easier for us to transact and provide convenience in exchanging coins.
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Many people who want crypto are regulated. But if crypto is regulated, it means that the decentralized system is no longer valid. And if crypto is regulated, chances are that everyone who owns crypto will be taxed
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Many people who want crypto are regulated. But if crypto is regulated, it means that the decentralized system is no longer valid. And if crypto is regulated, chances are that everyone who owns crypto will be taxed
We are paying taxes when we exchange our coins on different market right? What could be the difference when crypto is being regulated? Let's just say bitcoin ETF gets approved for sure it will pump its price right? But I am pretty sure they cannot impose bigger taxes on this provided that the market where it was sold followed the imposed taxes and fees.
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Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?
Regulation of the application of bitcoin as a legitimate payment instrument in a country will certainly make the economy in that country not be affected by changes in USD prices. I take the example of IRAN. The price of bitcoin in IRAN after making Bitcoin as the official currency jumped to 24,000 USD. Even though the market price is still 7000 USD.
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Judging by the fact that it negatively respond Goldman Sachs, Jp morgan Chase and other major banks,but do not disdain to trade on the money of depositors cryptocurrency (what they were caught, though denied everything)- I think in the future will subordinate the traditional cryptocurrency money and we will be able to see the synergy.
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Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?
Regulation of the application of bitcoin as a legitimate payment instrument in a country will certainly make the economy in that country not be affected by changes in USD prices. I take the example of IRAN. The price of bitcoin in IRAN after making Bitcoin as the official currency jumped to 24,000 USD. Even though the market price is still 7000 USD.
How come they can trade there at that level without pulling the over all price of it? So traders outside IRAN cannot join the trading there? Or there is a restrictions only to their community.
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I think the government must begin to open up with the development of digital money like bitcoin. Although considered dangerous, but in reality bitcoin cannot be prohibited continuously. That's why if the government regulates this bitcoin, I think it's better. This little or much will have a good influence on bitcoin.
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Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?
The forecast of the Bitcoin rate directly depends on the regulation in different countries of the world. Some legislative norms on the example of Japan show that they can allow Bitcoin to live freely and without restrictions. If this situation is implemented in some countries and in some large markets, the Bitcoin exchange rate in 2018 again has a chance to return to $20k, as well as to surpass this rate and approach $50k
In the meantime, the situation is not in favor of the cryptocurrency market. Many countries and financial companies are worried about the price of bitcoin and do not allow it to live in peace. If the regulation will work in full, then we will never see such sharp jumps in the price of bitcoin and the market will work in a quieter mode.
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If you are just about to start Bitcoin, there are a number of things to know. Bitcoin makes it possible to exchange money in other ways than usual. Thus, you must take the time to learn by yourself before using Bitcoin to transact. Bitcoin should be treated the same as treating an ordinary wallet, or even more carefully in some cases!
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Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?
The forecast of the Bitcoin rate directly depends on the regulation in different countries of the world. Some legislative norms on the example of Japan show that they can allow Bitcoin to live freely and without restrictions. If this situation is implemented in some countries and in some large markets, the Bitcoin exchange rate in 2018 again has a chance to return to $20k, as well as to surpass this rate and approach $50k
In the meantime, the situation is not in favor of the cryptocurrency market. Many countries and financial companies are worried about the price of bitcoin and do not allow it to live in peace. If the regulation will work in full, then we will never see such sharp jumps in the price of bitcoin and the market will work in a quieter mode.
On my opinion, without regulations bitcoin can still nourish it price upward. Having a regulation is just steeply a bonus on our part. Remember there are pros and cons once a regulation has been set in any country but we cannot weigh which one favors the market. I can see that Japan can increase their market cap by 10x fold or bigger if they regulate their own exchange and crypto businesses but the other way a round can also happen.
See what happen on Iran right? Bitcoin price surges as if it is bullish cause bitcoin there are worship as if it is an expensive stuff that will create more profits in the future. Regulation make it like that but you only seeing what was on the outside but not on the inside. Provisions on increase on the taxes was probably imposed with regards to it plus government are monitoring it as being regulators of it. Now decentralization has been compromised on that part. No one can hide enormous amount of bitcoin as they will know all of them. There are risk on being regulated but there are benefits as well.
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Since 2018, we have seen crypto currencies continue to swing wildly every day with price trends continuing to decline. Ironically, this happened after Bitcoin was able to approach the level of $ 20,000 at the end of 2017. The volatility can be attributed to the nature of Bitcoin's deflation, and the fact that most coins are still considered speculative assets. In addition, there are external factors that also drive price momentum, namely regulation.
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Regulations can bring balance to cryptocurrency world but it definitely kill the idea behind it. Also we will forget the 10x price increases in a week.
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crypto itself was created to avoid government regulation. i think it's hardly possible in real life.
The unstable value of Bitcoin can be influenced by news about the vulnerability of the security level when using Bitcoin. This condition never happened when the Bitcoin community exposed the security vulnerabilities in generating a large open source response in the form of security level improvements.
This security approach produces a pretty good paradox. Another example is the vulnerability of the OpenSSL bug that was attacked by Heartbleed in April 2014, later reported by Neel Mehta who is a Google security team. The news has an impact on the fall in the value of Bitcoin in the following month. The decline reached 10% in April vs. US Dollar.
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Although considered a threat, the government needs to consider adopting and regulating bitcoin. The government can manage bitcoin and apply taxes to bitcoin. That way the government benefits and bitcoin shareholders also feel more comfortable using bitcoin. Because there is already legal protection for using BTC.
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Regulations can bring balance to cryptocurrency world but it definitely kill the idea behind it. Also we will forget the 10x price increases in a week.
This is the most interesting response on this post about regulation. Simple but concise explaining what will happen on the crypto market. Precisely this will happen when the regulation started to be implemented. Exactly this! Kudos, to you mate like your statement.