Re: Is Bitcoin at risk of regulation?

I think that governments need to regulate Bitcoin eventually for the mass adoption. In the end, regulation means becoming officially legal to use it under some conditions. But the regulations shouldn't be too strict. Otherwise, Bitcoin users won't be happy about it and Bitcoin can lose its meaning.

As far as I know, bitcoin does not need regulation from the government or anything because bitcoin has free movement and its price movement can only be moved from the interaction between buyers and sellers at an exchange so that the government cannot interfere in the circulation of bitcoin.

In some cause it needs regulation to avoid unnecessary scams and other illegal things which bitcoin and cryptocurrency used. It's somehow protection to the users and holders to avoid any unnecessary platforms that can harm them, but for any things like controlling of the usage and limit the numbers? Maybe from this we don't need that but for betterment then I think it's considerable.

That's what they will have you believe. The truth is even with regulation you still not protected. The only one that can properly protect you is yourself. Prevention is better than a cure. You can't blame it on having no regulation if you fell for a silly scam. Scams still go on even on social media networks and they have been using fiat for years. Some just changed to crypto to keep up with the times but it is still the same old scam that authorities have warned people about for years.