Bitcoin stability

[jseverson]

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.

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.

[erikoy]

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.

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.

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.

[BartS]

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.

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.

[usekevin]

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.

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.

[Jating]

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.

[Osayo]

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 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.

[Bunk67]

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.

[Lexurdania]

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.

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

[wuvdoll]

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.

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.

[gudjhonson]

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.

[tothanhtuan]

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.

[jcpone]

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.

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

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.

[jaloto]

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.

[arbifahrozy]

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

[yvesp110]

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.

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.

[BartS]

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.

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.

[marcelocoin]

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.