Is bitcoin going to die because of global regulations?

[Domithra]

Firstly, China wants to ban all the foreign exchanges in their country.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/

then France Creates Working Group for Cryptocurrency Regulation
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013

then German Central Bank Director: Crypto Regulations Must Be International
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international

Also India already setup a board for crypto regulation.

What is happening all over the world?Something whats soul purpose is to be decentralized will eventually be centralized?

How much do you think a global regulation on crypto will affect the overall market in this year?

[Alcor]

The regulation of decentralized cryptocurrency by states by establishing general rules for their circulation in society is logical and inevitable. The cryptocurrency will not be affected by this. On the contrary, such legalization of cryptocurrency allows it to gain a foothold in society and receive legal protection from the state. Without this, the cryptocurrency will not be able to develop its infrastructure and increase liquidity.

[sampoerna]

No, it just limits Bitcoin temporarily. In the future, I think Bitcoin will be adopted to more countries and the regulations will be changed. For now, we just need to wait and do our best to support Bitcoin. One of them is to be the holder of Bitcoin and trade Bitcoin in the acrypto market. Don't worry, Bitcoin will be always there.

[kent47400]

The name of the regulation must always exist because in my country it is also a matter of public welfare because there are always changes in each of these treatments.
Same is the case with Bitcoin which is always changing in every regulation in every country, and in my country too, the regulation of Bitcoin is sometimes good and sometimes bad.

But it is my challenge to continue supporting Bitcoin because from Bitcon I make very little money from trading.

[Black ID]

I don't think it will be that easy for bitcoin to die. If there is indeed a price or bad news, this is normal. because in crypto there are increases and decreases in prices that we can take advantage of. But it is precisely bitcoin that will develop even more well in the future. Where now technology is getting very sophisticated, so people have also started to switch to online investments such as bitcoin.

[Senin]

The introduction by states of global rules for the circulation of bitcoin and other cryptocurrencies will only increase demand for it and increase its liquidity. Establishing reasonable global rules for the circulation of cryptocurrency in society will only increase its popularity, as this will indicate its recognition by states. Therefore, such rules do not threaten Bitcoin at all.