Bitcoin Forum

I am eager to know how do politic situations particular countries affect the Bitcoin stability, is ti really affecting Bitcoin. As we know that Bitcoin is decentralized of blockchain technology and I think that it will not be affected by politic issues of certain states. In other side, politics is affecting of economic stability. It potentially contributes to break or strengthen the economic in many countries. I would like to know other opinions.

Politics IMO affect the traditional world economy, but not bitcoin's economy per se. There are other things that could potentially affect bitcoin's stability other than political situations. For example, the Brexit move wasn't really that crucial for bitcoin despite the fact that there are a lot of bitcoin users in the Great Britain alone. Even though the move resulted into the Great Britain suffering from short economic setbacks, this did not affect bitcoin in any way, and the recent stability in price could tell you that despite how crucial and important this move was for the world.

We all know how much the development of Bitcoin in short period of time but many newcomers will not trust Bitcoin like the world Bitcoin investors especially the investors whose invested in this year will always a bitcoin will die soon but as I am hoping the value will increase at the end of year.

I don't think that any political issues and events affect Bitcoin price, as you your self mentioned that it is not control in any entity. Thus, Bitcoin stability is not influenced by any issues about politics. There are many other reasons or factors that can crack down on Bitcoin.
Bitcoin has own ecosystem that will never be affected by real situation because it runs on digital and using computing power that government probably will never create as same as Bitcoin.

Bitcoin is not influenced by the politic situations, it decentralized of blockchain that principally it is not controlled by any single entity in the world. It is aout freedom where everyone can freely get in to this. It is obviously different from real currency or fiat which often crack down by several political issues. Its price is on the coin holders, every holder has contribution whether to raise and down the price.

Political problems sometimes produce negative and positive impacts on the stability of the crypto market including bitcoin, in my opinion the common political problems occur when public opinion and state officials ban each other

I also think that politics will not affect the flow of cryptocurrency in a nation. It is not considered a responsibility for the country to monopolize cryptocurrency but just let it be as what it supposed to be.

The political situation of a country does not affect crypto prices, of course. But political decisions can affect bitcoin prices because positive or negative government regulations make investors think hard for investment.

Virtually any political events affect the global economy, and the state of the economy directly affects the price of cryptocurrency. We know how different news influences cryptocurrency price very strongly and quickly. After all, the price of cryptocurrency depends on the ratio of supply and demand, and they are directly dependent on the incoming news.

The political situation really affects economic stability in a country, but not for the stability of bitcoin. The political situation has nothing to do with the stability of bitcoin, because bitcoin is not owned by any country or any government. Bitcoin stands alone or decentralized so that its stability is only affected by its own users. So whatever the political situation in each country still has no effect on the stability of bitcoin.

The political situations of certain countries effect the general economy we already know of, not the crypto economy and thus bitcoin isn't effected. the effects for crypto economy varies from time to time on what is causing the down trend can span from news to trading mass volumes to several other things. In order for the crypto economy to stabilize to some extent time must pass and the market must grow in order to mature and reach some sort of stable point.

At some point you're right that politics don't affect bitcoin stability. However, it may affect if the government is not that stable simply because as we all know bitcoin needs recognition from them. Government sudden change might affect somehow but not that much. But, if things happen in rich countries may have some effects.

Bitcoin is now much stable and the stability will remain so which is predicted. But its volatility might turn the game anytime, both positively and negatively. So, just go on with your pace

Politics tend to have a serious kind of effect on the normal economy based on fiat currency. But, the politics does not have any effect on the Cryptocurrencies like Bitcoin. Basically, the politics affects the cetralisation system of mney and some other key factors that are not present in the cryptocurrencies.

We all know how much the development of Bitcoin in short period of time but many newcomers will not trust Bitcoin like the world bitcoin investors. Bitcoin stability isn't influenced by any issues about politics.

This is a "decentralized" market and it gives preference to those with a lot of money. Because a decentralized market often does not have strict protection and rules. Such a market could affect the economies of some countries. But on the plus side, blockchain technology and Bitcoin can be a new tool and a new asset to help humanity develop new things about finance.

We do not live in a separate world. Political affect every aspect of life, but the question is how much it affects cryptocurrencies.
These currencies are not directly affected by political decisions, but because of these decisions linked to the fate of the world, the degree of influence based on the proximity of this news from the traders and their impact on the currency in a focused manner.

For example, the election of an open president to deal with those currencies raises the enthusiasm of investors and thus prices. vice versa

That would be the case

Bitcoin is always a source of surprises: for a long time it surprised us by its volatility and instability, now it has been completely flat for two months.
Nobody knows what this calm is for, let's hope for the good ...

Bitcoin is affected by political decisions but in a positive manner. This happens because Bitcoin is an Alternative to Fiat money.

For example, if a government announces strict fiscal measures that will probably reduce the purchasing power of citizens, then they will probably turn to Bitcoin due to its strong purchasing power.

However, I cannot see that being done in the opposite way, meaning that Bitcoin can be harmed by political decisions as Bitcoin still doesn't affect them negatively.

If Trump decides suddenly the cryptos/crypto activities are banned in the USA, be sure it will affect the price (a result of a political decision) So yes, political decisions can affect the price. But a political situation can too make the Bitcoin value increasing/decreasing. If you take a look back at the Venezuela and Greece crisis, the Bitcoin value was increasing during this both period of time

Isn't politics decisions made for politics situation in particular countries?
We know that U.S is strong economic that probably control or influenced global economic stability. The decision by Mr.President of U.S has big influence to the world economic stability. And I believe that if U.S announces policy relates to Bitcoin for political issues in U.S, it will affect the global cryptocurrenccy especially Bitcoin. So, I think that Politics Issue from strong country still has influential effects for stability of Bitcoin.

Certainly, political issues affect the value of crypto, US politics is quite concerned about the competition with China. Politics and economics will continue to have an impact on technology and markets, so one hopes that every country is able to give good news and be able to maintain the stability of bitcoins or other spies.

I think political situations affect crypto currencies if and only if it directly affects crypto currency and or it's holders. For example, a nation wide ban on crypto currency will result to a huge dump and we will see a dip in the price. Calamities also play a part in it especially if the crypto currency holders are affected.

Bitcoin is getting stable this days and this is a sign that professional has started coming into the market.  We seriously need this stability for retail and wholesale business to adopt cryptocurrencies.  If price is not stable bitcoin cannot be use as a mode of payment for good and services but if it is stable people will be happy to used it.

It will not affect given that the users of bitcoin in that area is relatively small. Political situations or crisis could really have an impact over the economy of a country but because bitcoin had a great scope, there is only perhaps a possibility of a very negligible effect to bitcoin not unless if the country may have been the greatest users of bitcoin. Say for example if a country does hold half of the total volume of bitcoin and all of a sudden they would want to sell it due to political instability or banning of the coin in their countries. Yet so far none of these things are quite possible since almost every country supporting bitcoin are really pushing it positively.

I would like to point out that bitcoin has always been quite stable most of the time. Almost always it is a stable coin, however time to time it goes up like madman and than it goes down like madman and than it stays the same for a long time. Remember the time when it skyrocketed from 30 dollars to 250 dollar levels, those times it dropped back to 150 dollars and it was around that price for a very long time.

Remember the time, it went from 250 dollar to ~1300 dollars? It was like that for a long time too. Basically when you talk about how volatile and manipulative the bitcoin is just remember the old times. Right now we are on the stable side of things and I am sure one day bitcoin will skyrocket and be really high (probably will break the all time high price) and than go down and stay there for a long time again.

Influence effect for its stability? Did you wanted to say "volatility"? Because I don't see how a policy related to Bitcoin in The US can help a stability, a volatility yes I do. And as I said earlier Venezuela and Greece were not what we call a strong economic country

lulz what? In 2017 it went from $1,000 to $20,000 in a 12 months period

That is not a sign of anything professional. It has happened before and it will happen again. Stuffs like this usually happen, when we get to see the market trying to find a direction. The bears have been in action for a while now, the bulls have been trying to fight back at the $6k region with the bears up till now still trying to push it down as much as they can. Just like any other fight, someone will always have to give up at the end, and this is the scenario where things may likely start getting pretty hot anyway, as a break out is imminent. I understand that one way or the other, the market is somehow beginning to act gradually like a stock market, but I really do not think we are even there yet.

Even though Bitcoin's stability is not directly affecty by politics, it dies get affected indirectly. For example, a person going through some financial problem due to the political instability, he will have to liquidate the cryptos in his possession and this is how it might affect Bitcoin's stability.

Well every political situations will not effect the price of bitcoin but some do. For example if the value of dollar decreases dramatically it will surely effect bitcoin but matters like Brexit didn't have a effect on the stability of the price of bitcoin which shows the potential of it.

It depends on so many things. For example, if somehow the USD price crashes, won't it affect the price bitcoin? It surely will. Sometimes socio politic issues big enough can directly influence bitcoin price.

I don't think political situations will directly affect the bitcoin stability. Bitcoin is decentralized and that is why political issues doesn't affect it much.

Institutional traders and investors have always been in this market, but certainly I can understand that this market is increasing in maturity by the day. However, when it comes to maturity, it is still not compared to the type you will probably be seeing with the stock markets or likewise.

The fact that we are seeing some less volatility now is simply because the market is trying to find where to breakout to and in this case, it is usually the best man between the bulls and the bears that will end up winning this fight, which in this case now, we are getting close to that point gradually. Wait until that break out happens and then you will find out pretty well that there is still a huge level of volatility in this market.

I think it can strengthen the economic health of countries by giving more people more spending power. Millions of previously unbanked people are becoming capable of participating in the world economy, both by selling their goods and services and buying them.

I do not think it can be stable. Underground organizations do not like this and changing the structure of blockchain technology is not possible. The SEC has asked for a decentralized market, but that is the advantage of blockchain technology. It is impossible to manage and control this market.

The nature of a Bitcoin as decentralized of blockchain technology system sure does hold its own fortune of stabilization. It means that the government or the politics will not have a direct effect on the Bitcoin's stability. However, politics is still politics. It may not be a direct catalyst for the Bitcoin's stability but, it can affect the perception of people in general who are making an investment to the aforementioned crypto currency. The political issues can persuade others to engage in Bitcoin and the possibility also of convincing others not engage in Bitcoin is also present. Thus, the rhetorical power of political issues may somehow affect the Bitcoin's stability.

I agree, there are effects on crypto from political decisions. The decisions dont
have to be directed at crypto and they dont even have to be negative.

IMO opinion BREXIT which is a political and social event may well be having an
effect on crypto. The current political budget standoff between Italy and the E.U
might end up having an effect on crypto.

In times of financial insecurity where can we put some FIAT so that it is out of
reach from banks and governments?

Bitcoin exists or operates in the world economy and the same humans who are influenced by government regulations and laws deal on bitcoin. Political decisions to a very large extent affect the price and stability of Bitcoin. I remember when China put a ban on crypto, that was a negative news from the government and it did affect the price adversely. Imagine a country like the US clamping down totally on Bitcoin and crypto activities and shutting down an exchange like Coinbase, the impact on the price will be catastrophic.

Bitcoin is just like any other market, in which external factors can always affect it, but political situation is something that I really do not think is one of them, unless of course, I do not understand what you are driving at. When you are talking about political situation, are you referring to the idea of some sort of election processes, or you are referring to some governmental policies that can affect a lot of things.

If you are talking about the latter, I can pretty much understand that, but considering that bitcoin is a global thing, I really would not imagine one country to have a huge effect on crypto unless manipulators just want you to assume that.

Bitcoin is unreliable of such. It is something else on its own and activities that takes place in any country cannot have any effect on Bitcoin or anything cryptocurrency. The only way that Bitcoin becomes stable is when there is lesser demand and the supply is kind of balanced with the demand, that way the price will stay stable and there wouldn’t be much fluctuation.

Oh one country can have a huge effect. When China decided to ban conventional exchanges last year, Bitcoin plummeted from $5k to $3k pretty much instantly, which is a staggering 40% drop. It was able to recover fairly quickly, but still.

A similar move from the US will probably have an equally, if not even more devastating effect. Considering the size of the market, it may also have lingering aftershocks.

But yeah politics don't really have much direct correlation with Bitcoin stability other than causing knee-jerk reactions from traders that create price fluctuations. These are usually one off as well.

Yes you are absolutely right. I was reading some comments and this a reply that I was looking for. I bet that the bitcoin market price stability is not connected to politics. It is the discretion of the bitcoin holder if bitcoin will be sold to or not. The demand of bitcoin is the main reason of bitcoin's volatility and not the polictics.

However, other people talk about regulations and bitcoin ban is correcrmt on their assumption that it will indirectly stabilize bitcoin market price or even fall for more. Thus, not related to politics rather related govenance with their regulations on cryptocurrency or bitcoin.

The political situation in a country is not going to affect bitcoin in any major way at all but it can affect the way bitcoin is perceived in that country, for example when there is political instability most of the time this comes with economic instability, so some people may see in bitcoin and in cryptocurrencies a way to protect themselves of that instability and we have seen that happen in some countries like Venezuela and the government may see this and then then try to ban it.

Bitcoin price is stable now.But it will not be a long term one.And if the price of bitcoin is stable for long ,the day traders can't get some profit from it.Now we are in last before month of year end .So their will be huge raise in the price of bitcoin. If you had huge amount of bitcoin,just hold it for your future.

If the nation has is a big influencer on bitcoin, such as USA then at some point their political decisions might affect bitcoin's price. Or let's say Japan, if by chance the next President elect suddenly decided to make a U-turn against crypto then for sure it will cause a dramatic effect on the ecosystem.

But if you're talking about a small or 3rd world country making political decisions that will only affect their domestic economy, then I doubt we will be affected by such decisions.

So its based on how big the country is, what's their influence on the market to make a dent on the price if they suddenly shifts or make political decisions that can directly or indirectly impact cryptos.

Politics has a lot of influence on the stability of Bitcoin. Large fluctuation can be experienced within a short period can be caused my a mere political tension in any influential Bitcoin country.

The price of bitcoin is stable and will  not be the long term because if investor buy low price and we are expected to sell at high price.

I think politics condition in some country not give effect on bitcoin price. Bitcoin is decentralized cryptocurrency and traded by people around the world. But cryptocurrency regulation in a country determinened by politic policy

Maybe we needed this, I mean bitcoin has been volatile so much at the start of this year that we are finally seeing people who are fine with bitcoin being stable at this price. There has been a lot of positive talk about how stability is good recently, just couple months ago people didn't want stability and wanted the moon but right now they are fewer and people who are fine with stability is on the rise.

I am fine with stability as long as it keeps on helping us on the adoption phase. We need more and more users and more and more places that accepts bitcoin at their stores. If stability will give us that than I am more than happy to have bitcoin at the same price forever.

Bitcoin can be 6 thousand dollars fixed price forever and as long as we get global usage rate increasing I wouldn't mind.

Politics sometimes affects the value of bitcoin, but not all politics can influence it, bitcoin has stabilized and will still have better value. In the not-too-long time, it will change and is certainly full of optimism if bitcoin can be stable.

Falling to 2000$ would mean a total collapse of market structure. Also the demand for BTC is higher and the fundamentals of BTC are a lot better / stronger than they were in May 2017. The probability of such a fall is very low, but everything is possible.

You made a great point here. Bitcoin stability at a low price would be better as long as there is a lot of significant financial processes that uses bitcoin. This is the primary goal of the creator of blockchain. Becauae of the bubble last year, somehow or another, people think of bitcoin as investment rather than a very useful technology.

I don’t think that political situation affects crypto but decisions on cryptocurrency regulation can influence the price. Bitcoin matures and becomes more resistant to news – its current low volatility proves it. There is no control over bitcoin. Whatever the political situation in each country is, it has no effect on the bitcoin stability.

in my opinion the influence of the country's economy is very influential on bitcoin. we know that bitcoin is in the form of a centralized currency, which can also be exchanged into conventional currencies. maybe a big country with a big influence on bitcoins like China and America

Politics cannot effect the value and the price of bitcoin as both has no connection with each other, when more people will be in favor of bitcoin so government of any country will have to accept that how worth investing bitcoin is, now a day we are at peak of investing so people are showing good interest for bitcoin investment without putting any value towards politicians remarks about it, as there is no concern between both of them.

I would not mind if the price of bitcoin remained at the current level for a very long time or even forever but we know that if the level of adoption grows and people begin to use it then it is completely inevitable that the price is going to go up and a new bubble is going to form, I'm waiting for that moment and I'm going to take advantage of it and I'm sure that many people in the forum are doing the same that is why we are not worried about the current stability of the market.

in my country we had an election for president of the country, and did not affect the price of bitcoin at all, I believe that few influences will turn on the bitcoin of the political sphere.