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kingsbtc

Do you prefer bitcoin to be regulated manually?

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On 1/13/2020 at 11:37 PM, kingsbtc said:

No one controls Bitcoin and other crypto currencies, they are all controlled by demand and supply. Now do you prefer bitcoin to be regulated manually? 

You are correct no one controls bitcoin and it is only based on the role of supply and demand for it to rise or fall,I think it's great to be just like that and it doesn't need some kind of manual control.

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The larger portion of the users don't actually beleive in manual controls. Because if a person or a group controls the whole network then it will be not decentralised. And people will face losses in order to give profits to the owners. So to maintain the virtual trading ,most users are needed who trust in cryptocurrencies. So that's why we like to depend on a whale instead of any Organizations. 

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I do not prefer that Bitcoin be regulated and if that happens it will have a negative impact on the entire crypto market and thus it will become easy to manipulate cryptocurrency prices by a small group of investors.

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On 1/14/2020 at 3:37 AM, kingsbtc said:

No one controls Bitcoin and other crypto currencies, they are all controlled by demand and supply. Now do you prefer bitcoin to be regulated manually? 

No because it will be very bad..if it control by any authorities then sirely they will make any plan which will lead btc price low or high..it will make a huge crisis in crypto worlds..so this system is pretty good that btc get control by its demand         

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You mean Bitcoin to be regulated by government or particular institution? If i got you correct then sure i don't like it , because if such things happens then sure the main moto od Crypto is dissolved and the reason for which Crypto currency is made is destroyed. 


NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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Am not sure... but when bitcoin will be regulated manually, it will only benefits those investors who have large capital and those who are owning exchanging sites. They will be the ones who can have a large power to settle everything including bitcoin price.


Time is the ultimate weapon!

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The price of the cryptocurrency market has a number of factors that determine it, supply and demand can be key factors. I think the profit from bitcoin trading will decrease or bitcoin will only be subject to some control of it.

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When we say that noone controls Bitcoin we mean that there is not a single person or entity that rule it. Decisions are taken by all the entities involved, what is called the Bitcoin Community. If someone disagrees with changes but all the rest agree then the party disagreeing is left out after not upgrading the software. It is not just developers or miners or someone in power that decides.

Also control does not have to do with price. Since you discussed supply and demand this is another thing and perhaps you are talking about whales. Whales can have an inmpact on Bitcoin's price but lately their power is reduced.

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Bitcoin is already controlled by each oerson persinally, so it means it is always controlled manually not automatically,  so the question makes no sense if we see this in that way.

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On 5/18/2020 at 1:01 PM, Jaysen0104 said:

For me its good if it is regulated for you to be able to easily know if the value will rise or fall. 

Then, you do no new to buy bitcoin or any other cryptocurrencies that has volatility like bitcoin. You can just stay holding your fiat. Also, know that gold is not regulated, and many other stocks. Maybe you do not need to deal with such thing also. But we that hold bitcoin prefer it to be decentralized as it is. 

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If I understand your question is that some government entity controls bitcoin, I think it would be the same as with fiat money they would create hundreds of thousands of Bitcoins, the best thing is that bitcoin and other cryptocurrencies are decentralized as much as possible that everyone is possessor of their own money.

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If bitcoin is manually regulated, things will be different. Everything will be bad. The whole system is interesting because no one controls it. That's why I forgave this venture!

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On 2/25/2020 at 1:10 PM, Shaza Ahmad said:

The inability to control bitcoin and cryptocurrencies is the main feature that attracted investors and money holders towards it. You can own 10,000 bitcoins and sleep in complete comfort while knowing that no one can steal your money or control it at least.

I agree with what you say, the non-centralization of BTC is what has made people bet on it the most because it gives you a lot of security and control of your money without anyone asking you or charging you for it

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And with the succesful progress of bitcoin today who else will think that it will suffer a downfall? If ever that will happen same thinking will be put on the bitcoin users and that is, it will pull down also the alts.
Im really not a fanatic of ETH as being one of the good contenders but I trades ETH to for profit purposes. Yes it has been kicking to the point that it surpass the LTC but still not a factor to replace bitcoin even for decades to come.

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No! but in some way this is impossible because nobody controls cryptocurrencies so no one can control them manually but if this happened it will be bad and ridiculous. 

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As you all know that bitcoin is a virtual currency. Like it all the other currencies are virtual. No one controls its movement ups and downs. Its just depend upon the sell and its demands. Its movement just depend on its demands and its sell. I can't understand its manually controlled. Its just depend on its demand. 


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I do not support manually regulating bitcoin. It will violate the decentralization aspect of it. So many things will be at stake. So I will say it shouldn't be regulated manually. And the crypto industry should stand against such move by any government or agent.

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Actually I don't prefer that bitcoin manually controlled because the price will goes we won't have bitcoin while you reading this because the creator will sell it all better way to keep bitcoin uncontrolled 

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On 1/13/2020 at 5:37 PM, kingsbtc said:

No one controls Bitcoin and other crypto currencies, they are all controlled by demand and supply. Now do you prefer bitcoin to be regulated manually? 

not because that way they would have a lot of power, so it is preferable that the users themselves make their fluctuations, imagine that they start to handle it and lower it when they want so that they themselves can buy and raise it exaggeratedly and thus be able to sell therefore it would be a lot richer and more powerful than they are today

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The truth is that I would like it to remain anonymous, because once the doors are open to regulation, we open the doors to governments to get their filthy and corrupt hands into this.

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Bitcoin price is rising and falling because of many reasons. It's price is usually depends from investors. I think it is bad idea that BTC will be regulate manually. Bitcoin is decentralized and it's price is unpredictable. That is why I like Bitcoin.

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I believe that the interesting thing about cryptomontages is their demand and their supply. For this reason, bitcoin has been able to achieve high prices, and we hope that next year bitcoin can surpass the $20,000 threshold.

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On 1/14/2020 at 2:48 AM, Hamden said:

Welcome with me

I didn't understand what it meant to manually organize bitcoins
The price of the crypto market has several factors that determine it, supply and demand may be the main factor, and it is not the basic factor in determining the direction of the market up or down.

Regulation of Bitcoin is a good thing. As we can BTC be regulated than there are some kinds of changes that can be very very astonishing to us. And though I have made good money through regulation.

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Bitcoin was designed in a way that it cannot be controlled by a single authoritative body hence very difficult to regulate .Although governments can set limitations for exchange platforms and this may have an influence on Bitcoin activities. Bitcoin cannot be entirely regulated.

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