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Author Topic: Regulation, good or bad?  (Read 11589 times)

Offline @Royale

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Regulation, good or bad?
« on: February 16, 2019, 07:18:53 PM »
Some known economists claimed that, Bitcoin’s value could drop to just $100 after people in power “move to regulate anonymous transactions”.
How ever this is in contrast to some who were in favor of regulating cryptocurrencies' claims that, regulation is in fact vital to crypto's growth. It can solve key problems that bitcoin is now facing in its efforts to become a proper currency.
If Bitcoin is to be regulated, what happens to its anonymity? Who or what will benefit most if regulation do pushed through? Will it affect Bitcoin's volatility? Need answers guys ...

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Regulation, good or bad?
« on: February 16, 2019, 07:18:53 PM »

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Offline Jacky

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Re: Regulation, good or bad?
« Reply #1 on: February 16, 2019, 09:04:06 PM »
When it is regulated, the decentralization changes to centralization. It is bad for cryptocurrency since centralization likely will kill the anonymity. It is correct if the volatility may be disappeared by the changes. I am afraid people will leave it gradually. 

Offline Eben

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Re: Regulation, good or bad?
« Reply #2 on: February 17, 2019, 08:32:37 AM »
The decentralised nature of crypto currency will surely be lost and bitcoin will become centralised if regulated and this will affect its anonymous nature even though it’s volatili will surely be controlled.

Offline VladEx

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Re: Regulation, good or bad?
« Reply #3 on: February 17, 2019, 11:33:35 AM »
It is bad because the main idea of crypto will be lost, it becomes centralized. But it is good for crypto price, cuz the market wont be so volatile

Offline trofim21

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Re: Regulation, good or bad?
« Reply #4 on: February 17, 2019, 11:23:10 PM »
I think that this may have a positive effect on the overall situation of cryptocurrency, since after this many institutional investors who will be willing to make money in this market may come to this market

Offline verifyme

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Re: Regulation, good or bad?
« Reply #5 on: February 17, 2019, 11:44:25 PM »
I don't know if the regulation will be good or bad for investors of Bitcoin. I assume it depends on how good the regulations works to the system. But I have a big a question, who will regulate the Bitcoin? I think it is the first thing that must be answered before planning the regulation system.

Offline ZionRTZ

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Re: Regulation, good or bad?
« Reply #6 on: February 18, 2019, 10:29:26 AM »
There will always be crypto enthusiasts who will be in favor and not in favor of the regulations. As for me, I think it will depend on the extent of the regulation. I have not read a draft yet but if I believe its friendly, then I believe it'll be good for the industry.

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Re: Regulation, good or bad?
« Reply #6 on: February 18, 2019, 10:29:26 AM »


Offline Davitsvan

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Re: Regulation, good or bad?
« Reply #7 on: February 18, 2019, 08:39:06 PM »
I think that the regulation of cryptocurrency is not very good for ordinary people, because Bitcoin was created as a decentralized coin, but on the other hand, regulation of cryptocurrency will give a big boost to growth for cryptocurrency. In general, I think that the regulation of cryptocurrency is not possible, therefore, the states for so long can not accept bills
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Offline Domithra

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Re: Regulation, good or bad?
« Reply #8 on: February 19, 2019, 01:33:49 AM »
We all admit how regulations can disrupt the decentralized nature of the crypto space yet it appears to be the best option now if we wish to see cryptocurrency reach it goal of mass adoption and patronage on a daily basis for purchase of goods and services. Through regulations, the governments will authorize the use of cryptocurrency and all of its related activities and the people can use it freely without fear.
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Offline MVT$

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Re: Regulation, good or bad?
« Reply #9 on: February 19, 2019, 10:35:57 AM »
I think that the regulation of cryptocurrency is not very good for ordinary people, because Bitcoin was created as a decentralized coin, but on the other hand, regulation of cryptocurrency will give a big boost to growth for cryptocurrency. In general, I think that the regulation of cryptocurrency is not possible, therefore, the states for so long can not accept bills

So how will it be bad for ordinary people? Who exactly are you expecting to benefit from the big boost of cryptocurrency?

Offline tonymillions84

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Re: Regulation, good or bad?
« Reply #10 on: February 19, 2019, 12:22:55 PM »
very very good. it needs to be regulated. we are talking about people money. it help a lot. especially to curtail scam projects. else we might see a sluggish market and economy in cryptocurrency.   
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Offline Alcor

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Re: Regulation, good or bad?
« Reply #11 on: February 21, 2019, 07:53:39 AM »
In general, the regulation of the cryptocurrency market by states should have a very positive effect on its development. Regulation of cryptocurrency does not directly mean violation of its principle of decentralization. As a rule, it is only the establishment of the legal status of cryptocurrency, the determination of the order and conditions of its circulation within the state and, of course, the solution of the question of its taxation. Yes, it should be recognized that the level of our confidentiality and anonymity in the regulation of cryptocurrency will inevitably decrease. In any case, this requires the solution of tax issues. However, instead of a cryptocurrency can quickly grow and bypass ordinary people. Without legalization of cryptocurrency, it will not be distributed as a means of payment.

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Offline trauchot

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Re: Regulation, good or bad?
« Reply #12 on: February 21, 2019, 08:41:04 AM »
The regulation of cryptocurrency will already be in 2021 if the government succeeds in coming to this step. From the one hand, there will be much fewer companies that open up to collect funds and then simply disappear, but it’s hard to say what will happen with the bitcoin price and all cryptocurrencies due to this regulation.
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Offline masudginanjar

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Re: Regulation, good or bad?
« Reply #13 on: February 22, 2019, 01:17:51 AM »
As usual, if Bitcoin is set when it has entered the container that has been centered or there are settings again.

Suppose that Bitcoin is included in the Exchange, then surely in the Exchange there are many rules that must be obeyed, tax regulations, withdrawl fee regulations, Buy and Sell rules and others.
It is this regulation and regulation from the government that can make Bitcoin more difficult to find because everyone is HODL and does not want to be set alias does not want to be entered into Exchange.
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Offline @Royale

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Re: Regulation, good or bad?
« Reply #14 on: February 22, 2019, 09:19:43 PM »
I think that this may have a positive effect on the overall situation of cryptocurrency, since after this many institutional investors who will be willing to make money in this market may come to this market

Agree. Bitcoins growth depends on institutional investors. The influx of institutional investors was stalled by the harsh bear market. Some analysts do believe Bitcoin will re-emerge on back of momentum and its volatility will alleviate once the institutional investors start to re-enter the market. The prospect of them coming back is such an important moment.
Tom Surman, the director of Every Capital-[Australia’s first retail crypto investment fund] claimed that "Massive retail offerings and institutional investors are probably the only groups that can meaningfully move the needle on the crypto market cap from here on".

In addition, widespread adoption of bitcoins and cryptocurrencies will take place when regulation is promulgated. It will serve as a safeguard that will instill confidence and assurance that these currencies are safe.



 

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