How Does Government Affect The Price of Bitcoin if they Support it ?

[infuser0416]

  Something Bothering in my mind what can possibly the market reacts when government has hands on bitcoin ?

[RoommateAgreement]

when government has hands on bitcoin ?

having hands on bitcoin is not equal to supporting bitcoin and is not equal to legalizing and not equal to regulations.

these are all very different things.
- a government can not have hands in bitcoin to affect it that much, the market has grown bigger and widespread for that to have great effects and besides, government does not gain anything by changing bitcoin price up and down! bitcoin will exist regardless!
- support will not happen either, government doesn't want a decentralized currency to go around. so they won't support it.
- legalizing is a different matter though. they have no choice in most cases. people want bitcoin, and it is happening. see Japan for example. they will legalize it sooner or later.
- then comes regulations, which is a normal process for anything else.

[infuser0416]

when government has hands on bitcoin ?

having hands on bitcoin is not equal to supporting bitcoin and is not equal to legalizing and not equal to regulations.

these are all very different things.
- a government can not have hands in bitcoin to affect it that much, the market has grown bigger and widespread for that to have great effects and besides, government does not gain anything by changing bitcoin price up and down! bitcoin will exist regardless!
- support will not happen either, government doesn't want a decentralized currency to go around. so they won't support it.
- legalizing is a different matter though. they have no choice in most cases. people want bitcoin, and it is happening. see Japan for example. they will legalize it sooner or later.
- then comes regulations, which is a normal process for anything else.

Thanks. bro i think government will just need to go with the flow if they want to join bitcoin hahaha
great answer help alot thanks

[hahahafr]

 If you are paying attention to the forum you will realize that there have been a lot of informations and news about some governments, but i saw that when there are bad news about some countries the price of bitcoins or the altcoins affected are only going down, just like it happened with China.
But when there are good news, the price only tends to go up, and this happened a lot of times, or just when there are good news about a politician from that country.

[infuser0416]

Doesn't matter because most government deny/ban bitcoin usage, at most they legalize/regulate bitcoin usage, but they don't support bitcoin and let other companies/community do it. Even if they do, i'm sure some people will see it as centralized or take over attempt, especially if they try to help bitcoin developer or be the developer.
And obviously government action could make bitcoin price crash for a while.

i Think Bitcoin would not agree into that unless there is a SUPER SHOW MONEY and Benefit for the Devs or Some Threats in the team

[infuser0416]

If you are paying attention to the forum you will realize that there have been a lot of informations and news about some governments, but i saw that when there are bad news about some countries the price of bitcoins or the altcoins affected are only going down, just like it happened with China.
But when there are good news, the price only tends to go up, and this happened a lot of times, or just when there are good news about a politician from that country.

Yup Those News Affect Alot in bitcoin. thus some company use there power to make such FUD in BITCOIN to HORD More Coins!!

[allthingsluxury]

Obviously, as we have seen throughout bitcoins history. This can have a HUGE impact on the short term price of Bitcoin and altcoins. However, it is very hard, as governments admit to fully regulate this marketplace.

[Shenzou]

If you are paying attention to the forum you will realize that there have been a lot of informations and news about some governments, but i saw that when there are bad news about some countries the price of bitcoins or the altcoins affected are only going down, just like it happened with China.
But when there are good news, the price only tends to go up, and this happened a lot of times, or just when there are good news about a politician from that country.

Yup Those News Affect Alot in bitcoin. thus some company use there power to make such FUD in BITCOIN to HORD More Coins!!

The only reason poeple are still spectical about wether they should invest in bitcoin or not, is because they are afraid of it getting banned or making it ilegall, so goverments legalising it will affect the number of users who will use bitcoin and thus affecting the price, however if goverments make laws to it means they will make taxes to it, and this not good for us because bitcoin has been always a free currency that has no boundries, and if that happens it will defey the whole purpuose of using it.

[pkdas]

I think it wil help us very much.The prize wil go faster than now.It will increase the usage of bitcoin.All of us know that bitcoin is limited,then it will help bitcoin to rise more.There is a huge effect of government in bitcoin..

[Redanim]

I think they would invest more money in advertising and social media to get more profit, everyone before thinking about himself and his income, after already about others. They just would made it more legal and official.

[matuson]

The government will never be able to influence the price of bitcoin. They did not even want to do. They are not interested. The government want to do nothing and receive income from the fact that people are at risk and earn. I really don't like the situation when I risk to earn,if I earned the state requires to pay the tax. If I lost that state and.

[Lasvista]

If the Government has started supporting Bitcoins it is definitely a huge increase in prices to be added to Bitcoins. And we will see it fast. Since the government has already supported the purchase of bitcoins, of course, many people are not afraid to make a transaction because no one gets caught by their police

[Kprawn]

The price of bitcoins will explode, if one of the bigger countries accept Bitcoin as a currency and not as a commodity. We saw

what happened when Japan's government accepted Bitcoin as a payment option. These governments still have a huge impact

on the success of this technology. I know some game developers who wants to take Bitcoin to their millions of registered

users, but they are worried that their governments would block them if they did. 

[fiulpro]

Hey
If bitcoins gain the support of goverment and they make it legal , people won't be afraid anymore to buy them because now they aren't doing anything illegal and everything is recognized by the government so more and more crowd is being attracted towards the bitcoins market and it increases the prices noticeably, also it nullifies the fuss the banks and the enterpeuners creates regarding bitcoins because at the end of the day nothing is bigger than the Government itself.
Support by the government is something that everyone wants bitcoins to gain because it will affect the market positively.

[Juggy777]

Something Bothering in my mind what can possibly the market reacts when government has hands on bitcoin ?

If you just came to Bitcoin I can understand, there are two government decisions which shook the prices, one was China which is a major player that banned exchanges and ico and Bitcoins prices plummet, that's when Japan decided to step in and regulate Bitcoins. Then the prices went up and up, so if a government decides to do positive things for Bitcoins it helps a lot, but if a big Country bans it, he'll is let loose.

[ekoice]

It depends upon how government reacts either supporting bitcoin,just as it was legalized in japan triggering its price world wide or taking severe actions against it as it was made by china,thus making bitcoin price to drop atleast for a short period.

We know that soon after japan legalizing bitcoin,demand for bitcoin grew high and hence its price too triggered high all over the world.Either a government support or oppose bitcoin,definitely it has an impact on bitcoin's price.

[cpfreeplz]

No one government can ever fully control anything. Look at the Chinese government for example. They banned ICOs yet after the dip and correction everything just continued on it's merry way. I wouldn't worry too much about it because in the end these will be small dips.

[whoisyourking]

Something Bothering in my mind what can possibly the market reacts when government has hands on bitcoin ?

If the government support bitcoin the effect in value is huge because if government introduced bitcoin in public the demand become higher and the supply become lower. but if that will happen the government may take action to make a solution for the shortage in supply of bitcoin.

[cizatext]

I don't think government can have much effect on the price of bitcoin if the have hand or legalized it, because bitcoin is as decentralized currency and is not under the influence of any central bank or authority.

[amrulshare]

I think bitcoin is hard to accept in any government because bitcoin system is decentralized. Most governments just want to develop blockchain technology, because it will be very helpful in the system of government