Quote from: SirLancelot on May 31, 2019, 06:45:46 AM

Quote from: forexandcryptoauditor on May 30, 2019, 03:17:19 PM

At the moment there is kind of flood of scam projects and exchanges and wallets hacking news. All these situations are creating nothing but loss of investor's money. For not having regulations, there is no authority to check the upcoming projects legit. With regulations not only investors confidence will increase in crypto market but will definitely attract new investors which will help increasing the entire market capitalization.
What are your thoughts on regulation topic and when to do think its possible to apply? will there be any negative effects to the market as well?

The problem is that it would be very difficult to regulate this companies, since it's now possible that anybody in the world with just an access to a computer and little knowledge of programming can create a startup with lots of investors waiting to make purchase of the coin as long as he/she can create an hype for the project, the only way it could be regulated effectively is if all the government of the world come today to agree on choosing one policy that would govern the crypto sphere, apart from this, then there is no other way.

This will really take decades for this to be achieved, and by then, maybe they will also agree on a global currency which will be bitcoin. If cryptocurrency was left to bitcoin alone, we would not have been seeing all these scam we have everywhere, what we would have been dealing with alone would be hacking which is quite easy to deal with.

The problem of scam started since we started having all these ICO projects that all want to create their coin for same purpose at which bitcoin does, and the investors that are gullible that they will always invest in any project they see believing it will create fortune for them.