Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: @Royale on February 16, 2019, 07:18:53 PM
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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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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.
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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.
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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
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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
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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.
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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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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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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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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?
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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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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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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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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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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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I think that Cryptocurrency market regulation is good thing if it is possible to be pulled through.
I based my submission on the fact that it has a decentralized structure and do wouldn't be that easy to implement regulatory control over it.
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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.
Regulation of a cryptocurrency does not mean its loss of its decentralization. As a rule, regulation means the official determination of the status of a cryptocurrency and the establishment of a procedure and conditions for the circulation of a cryptocurrency. States are not even able to change the decentralized nature of Bitcoin.
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I am doubt if regulation will be a right way to make Bitcoin value better. Regulation will change the system to be centralized. As we know the nature of cryptocurrency is decentralized and cannot be controlled by someone or a group of people. So, regulation will change the fundamental on crypto significantly. And I guess the price will be quite stable and not interested anymore for investment.
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The price volatility of cryptocurrency will remain as high when it is regulated by the states. Regulation of cryptocurrency will not affect its volatility. As for the anonymity and confidentiality of individuals which will be in possession of a cryptocurrency, then over time, it will fall without government regulation. In general, such regulation of cryptocurrency is very necessary for its further development, without legalization of cryptocurrency by the state and its regulation, the infrastructure for its use as a means of payment is impossible.
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To curtail the volatility of cryptocurrency , regulations are necessary.
I agree with that .
But then cryptocurrency is based on a decentralized structure , how then could regulations be implemented effectively?
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Regulation is good for something that needs to regulate. But crypto is not something to regulate. If the government regulates cryptocurrency, it only kills cryptocurrency slowly. This is one of the reasons why I refuse the regulation on crypto.
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I think regulation is good for cryptocurrency but the issue her is that it's not going to be that easy considering the decentralized structure of cryptocurrency which makes volatility inevitable.
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Do you mean that e need to make certain regulation in order to make the price of Bitcoin more stable?
I think, one of the uniqueness of BTC is its volatility, that is why many people invest in this coin in order to take the higher profits in the future.
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it is very very important. every financial asset needs regulation to determine who happen. how trade happens and how business is been conducted and investors money is been utilized. it will play a vital role in strategizing cryptocurrency..regulation is necessary. it is a must else investors will run away.
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If regulation means that cryptocurrencies are adopted by the mainstream then it's not bad.
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Of a truth , there's the need for cryptocurrency to be regulated and be under one regulatory body.
That way some of the illsin cryptosphere could be corrected .
But the issue is how? Considering the decentralized structure of cryptocurrency.
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I do not know anything about this subject
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I think if it is approved, I am very confident that the price of bitcoin will increase even higher, and will increase more than the price in the past years, and will provide many benefits for those who hold on.
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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 ...
In my opinion, regulations is not a healthy option for bitcoin or crypto in generally. I think regulations will reduce volitality but will definitely kill anonymity.
In addition, any group of persons or governments pushing for regulations may benefit from it. Thanks
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Regulation is not bad but it is better to make Bitcoin be always decentralized. Bitcoin can improve better in this way since people can gain high profits with a decentralized system. If we change it to be controlled with a certain regulation, it will kill the Bitcoin gradually.
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I do not think regulation will cause a value in btc's value. It would rather cause a rise because more people will be drawn into investing in it. It will be use for many things which cannot be used for now and all together will cause a rise
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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
Is the regulation of crypto currency not good for ordinary people or not good for the crypto enthusiasts? The ordinary people will be the ones to enjoy such a development, and not those that are in the system for years.
Who knows if the regulation of crypto currencies will be of good effect to old users or will be bad? It will definitely increase the user adoption, but the price volatile nature might not be there anymore. I think this might affect the old users and those who will newly start before such development be propounded.