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Author Topic: Lessons from Facebook and the attempted shutdown of Telegram  (Read 180 times)
brawdias
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April 17, 2018, 10:43:21 PM
 #1

Do you guys believe that bitcoin will fluctuate less due to bad news?

Just like Facebook  can pass government regulations, as well as telegram did today, I belive Bitcoin and descentralized technology won't be affected by such attempts and people will realize that. Therefore, leading to less sudden drops.
I hope I was able to explain my point.

What do you guys predict?
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April 17, 2018, 10:49:49 PM
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What's the problem with Telegram?
As far as I know the Russia will ban bitcoin in their country. They will block IP addresses. Why should it affect bitcoin price? The news is not related to bitcoin.
Also, how facebook regulations can affect the bitcoin price?


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April 17, 2018, 11:17:07 PM
 #3

Do you guys believe that bitcoin will fluctuate less due to bad news?

Just like Facebook  can pass government regulations, as well as telegram did today, I belive Bitcoin and descentralized technology won't be affected by such attempts and people will realize that. Therefore, leading to less sudden drops.
I hope I was able to explain my point.

What do you guys predict?


I think you meant to say that bitcoin will be less influenced by governmental regulations than centralized entities such as facebook and telegram?

While your point has merit, it is also easily argued against. While bitcoin itself cannot be controlled or regulated, the users of it can be, governments instead will pass regulation on how much bitcoin someone can hold, what level of verification is needed, etc etc. In order for bitcoin to be truly free from the influences of regulation from a price point of view it would need for the community to be completely free of governments control, which sadly is not a reality.

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April 17, 2018, 11:29:00 PM
 #4

Yes it's true I think so too, that Facebook will never be able to block bitcoin, and if they leave bitcoin he'll be sorry, and bitcoin prices will surely go up even without Facebook.
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April 17, 2018, 11:33:33 PM
 #5

Facebook and google not ban bitcoin but they ban cryptocurrency related ads. It is not related to bitcoin. There are many ways to advertise. The biggest suporters are via from bounty in bitcointalk. It is very targeted market to spread out ICO. In the end, facebook and google ban effect nothing to bitcoin.
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April 17, 2018, 11:39:30 PM
 #6

Do you guys believe that bitcoin will fluctuate less due to bad news?

Just like Facebook  can pass government regulations, as well as telegram did today, I belive Bitcoin and descentralized technology won't be affected by such attempts and people will realize that. Therefore, leading to less sudden drops.
I hope I was able to explain my point.

What do you guys predict?


I think you meant to say that bitcoin will be less influenced by governmental regulations than centralized entities such as facebook and telegram?

While your point has merit, it is also easily argued against. While bitcoin itself cannot be controlled or regulated, the users of it can be, governments instead will pass regulation on how much bitcoin someone can hold, what level of verification is needed, etc etc. In order for bitcoin to be truly free from the influences of regulation from a price point of view it would need for the community to be completely free of governments control, which sadly is not a reality.


Exactly what I meant! I understand now, the key thing is about users being regulated! Perfectly pointed out!
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April 17, 2018, 11:45:26 PM
 #7

What's the problem with Telegram?
As far as I know the Russia will ban bitcoin in their country. They will block IP addresses. Why should it affect bitcoin price? The news is not related to bitcoin.
Also, how facebook regulations can affect the bitcoin price?


Maybe he means telegram is banned in some countries due to the government regulation, like in my country the government ban it because its decentralized nature and you know the government doesn't have access to this app as well as bitcoin.

Anyway it is hard for the government to ban bitcoin since people can use VPN if they blocked IP or something, there's also decentralized exchange so people can sell their bitcoin to cash, yeah there are so many alternative ways.


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April 17, 2018, 11:49:28 PM
 #8

What are the similarities between Facebook and Bitcoin? How can Telegram or Facebook affect the course of bitcoin? In my opinion, these things are absolutely unrelated as well as the dollar rate is not connected with Facebook or Telegram
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April 17, 2018, 11:52:59 PM
 #9

Do you guys believe that bitcoin will fluctuate less due to bad news?

Just like Facebook  can pass government regulations, as well as telegram did today, I belive Bitcoin and descentralized technology won't be affected by such attempts and people will realize that. Therefore, leading to less sudden drops.
I hope I was able to explain my point.

What do you guys predict?


I completely agree. The one thing that makes bitcoin so powerful is that it's different to all the rest of the payment processors. There is absolutely no central point of attack. Looking at what happened with Liberty Reserve, when the government tries to shut down a legitimate payment processor that was just not in their control, they were able to do so because of the fact that all the databases and servers are stored in one central location.

Bitcoin is different.

Right now, the regulatory pressures on bitcoin is mounting. But the maximum the government can do effectively to be honest is regulate the bitcoin exchanges. As more people realize this, panic dumps due to regulations will become smaller as smaller.

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April 17, 2018, 11:57:28 PM
 #10

I don't see any reason why these would automatically affect Bitcoins. These target ICOs which, let's admit it, has been used for a lot of scams. It might even have a positive effect in that people would just spend their money on Bitcoin rather than buy into some shady project.

Facebook and google not ban bitcoin but they ban cryptocurrency related ads. It is not related to bitcoin. There are many ways to advertise. The biggest suporters are via from bounty in bitcointalk. It is very targeted market to spread out ICO. In the end, facebook and google ban effect nothing to bitcoin.

I actually I feel like there was no ban. I still see a lot of cryptorelated ads on Youtube. Either Google didn't include it or a ban in Youtube is down the pipes.
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April 18, 2018, 12:05:14 AM
 #11

Do you guys believe that bitcoin will fluctuate less due to bad news?

Just like Facebook  can pass government regulations, as well as telegram did today, I belive Bitcoin and descentralized technology won't be affected by such attempts and people will realize that. Therefore, leading to less sudden drops.
I hope I was able to explain my point.

What do you guys predict?


I completely agree. The one thing that makes bitcoin so powerful is that it's different to all the rest of the payment processors. There is absolutely no central point of attack. Looking at what happened with Liberty Reserve, when the government tries to shut down a legitimate payment processor that was just not in their control, they were able to do so because of the fact that all the databases and servers are stored in one central location.

Bitcoin is different.

Right now, the regulatory pressures on bitcoin is mounting. But the maximum the government can do effectively to be honest is regulate the bitcoin exchanges. As more people realize this, panic dumps due to regulations will become smaller as smaller.

That's why I like this forum, there is always someone willing to clarify your points. I knew I had something to begin with. Learning a lot here Thanks!
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April 18, 2018, 12:08:16 AM
 #12

Do you guys believe that bitcoin will fluctuate less due to bad news?

Just like Facebook  can pass government regulations, as well as telegram did today, I belive Bitcoin and descentralized technology won't be affected by such attempts and people will realize that. Therefore, leading to less sudden drops.
I hope I was able to explain my point.

What do you guys predict?


There are many spreading bad news that some are from governments. Bitcoin is RISKY to anyone who does not know cryptocurrency. Telegram is supported in cryptocurrency. Facebook or other social media they fight against ICO just as ICO is important to the world of crypto but we just need to be careful because there are also ICO scams that maybe people complain about ICO. This is what I noticed in the scammer they make ico after finshed the ico suddenly lose the entire team. So investigate before investing in ico ..
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April 18, 2018, 12:18:37 AM
 #13

I believe that bitcoin prices can get through the news news or bad news that often happens though sometimes decreased but I believe prices will rise again and facebook also not too big to affect bitcoin prices.

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April 18, 2018, 01:02:04 AM
 #14

The price of Bitcoin will continue to fluctuate as we have been seeing, bad news most times cause the price to decline.
I think your question is 'Will Bitcoin price be immune to bad news as time goes on?' My answer is mostly no because bad news affects people's confidence in the market negatively and they'll panic sell.
For example let's say Russia want to ban Bitcoin, most Russians will rush to sell their Hodlings before the deadline.
I hope you understand me well.
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April 18, 2018, 10:33:57 PM
 #15

Do you guys believe that bitcoin will fluctuate less due to bad news?

Just like Facebook  can pass government regulations, as well as telegram did today, I belive Bitcoin and descentralized technology won't be affected by such attempts and people will realize that. Therefore, leading to less sudden drops.
I hope I was able to explain my point.

What do you guys predict?


I think you meant to say that bitcoin will be less influenced by governmental regulations than centralized entities such as facebook and telegram?

While your point has merit, it is also easily argued against. While bitcoin itself cannot be controlled or regulated, the users of it can be, governments instead will pass regulation on how much bitcoin someone can hold, what level of verification is needed, etc etc. In order for bitcoin to be truly free from the influences of regulation from a price point of view it would need for the community to be completely free of governments control, which sadly is not a reality.


Exactly what I meant! I understand now, the key thing is about users being regulated! Perfectly pointed out!

Thank you for the recognition and I'm glad it helped your understanding. It's an interesting viewpoint because it's also not without possibility that the userbase that is being regulated can resist, privacy coins are often being used in such ways. The thing with that is even though those individuals may not be deterred, others will be and that's why there will always be some level of reduced use when there's further regulation. That is not to say that it can be outweighed by increased use for other reasons related to regulation.

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April 19, 2018, 01:17:57 AM
 #16

Social media as well as government is very influential on bitcoin prices but that is not entirely, and that is only a temporary decline and also bitcoin prices will again rise again.
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April 19, 2018, 01:26:11 AM
 #17

Facebook and telegram will not be able to affect the bitcoin price too deeply, because of the sophistication of the decentralized Blockchain technology that keeps the bitcoin price up.
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April 19, 2018, 01:41:31 AM
 #18

One factor is the presence of news that seems to frighten Bitcoin users including geopolitical events and statements by the government that Bitcoin is likely to be regulated.
There are many headlines in finance and finance that generate fear to investors.
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April 19, 2018, 05:41:16 AM
 #19

Theres nothing to be scared .the bitcoin have making his roots i really think that nothing can stop it from being use. Yes the government can try to regulate it but the only thing they can act on his the people identity and authenticity of the product people are offering like finding a way to avoid the scammer
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April 19, 2018, 06:00:47 AM
 #20

I think governments realized that Social media is one of the most influential technologies of our time. We saw what happened when social media were used in the US elections. <Fake news went viral during the campaigning and social media were being used and manipulated to distort the truth and people's views>

These governments also knows that social media are used to mobilize people.  Just look at the role of social media in the Arab Spring, where they used that media to arrange revolutionary anti-government protests and demonstrations.

As a result these governments see social media as a threat and they will use their power to influence these large companies to stop disruptive and possible anti-government technologies from spreading. <Bitcoin and other Crypto currencies are being used by some people to circumvent government control and the governments will do anything in their power to stop that>

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