Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin Die because of global Regulations?
by
denzkilim
on 04/07/2018, 05:10:56 UTC
I don't think bitcoin will die just because of those regulations instead it may become beneficial for every user because it may give more security from hackers all over the world. What's important for everyone is to feel safe storing their money in their bitcoin wallets.

Correct, The higher the security the more confident the investors are. Smiley
If majority of the countries in the world implement rules and regulations on crypto currencies it will be beneficial to everyone especially to crypto investors and those long term hodlers, Cool
Global regulation will give a higher security for bitcoin and more people will trust bitcoin because they now know that there is a regulation that they can be a basis for them to trust bitcoin since the government from different countries already made up a regulation that will add a layer of security for its users.
Yes, This regulations will make investors feel safer and less worries on their precious money that they invested on crypto currencies and this will make the crypto currency community more stronger. At the same time it could make the price or value of Bitcoin much higher.  Cool

Regulation is needed but i think its not everything for bitcoin. We know bitcoin is decentralized system and no one control bitcoin supply. Regulation will give more confident on investor.
With regulation, investor more safe to place their fund on bitcoin because bitcoin is legal.

Decentralization is freedom and this feature is what we can find on Bitcoin, Implementing some rules and regulations on Bitcoin or other forms of crypto currencies is a good idea as long as it is not too much that it will become a pain in the butt. In my country Bitcoin is not legal but it is not illegal to use it and invest on it, our government only warns people who are investing on Bitcoin or other forms of crypto currency to be wise and invest at our own risks. I think they are planning to implement some rules and regulations in the future. Cheesy