Is government the most influential factor that affects Bitcoin price?

[stuffokator]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

[HandsomePeople]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

bitcoin as technology can survive of course, but the price of bitcoin is a different story, it will definitely decrease dramatically in value if the government declared all cryptocurrencies forbidden. So yes, the most influential factor that affects Bitcoin price is government and it could make bitcoin go back to $10 if that scenario takes place.

[Birb]

The government definitely can affect Bitcoin's price with either bad or good news. Just imagine if CoinBase ceases to exist along with Kraken and many of the top and most trusted exchanges.  Prices would bottom for sure.

[amstern]

The price would definitely drop. The use of btc would never end though.

[nur rochid]

I think the existence of legalization from the government will certainly give confidence to investors, so they are more confident to enter the market. so that it is expected to increase the price

[figmentofmyass]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

the price of bitcoin and all cryptocurrencies would severely crash, based on the assumption that most USA investors will stop investing and sell their coins.

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

a ban on crypto obviously isn't enforceable---users can transact p2p and with encryption. so it definitely wouldn't kill bitcoin. there will always be a market for decentralized and censorship-resistant transactions.

but it would cut the investment market down in size. prohibition never kills markets, but black markets are much smaller than white markets since most consumers/investors don't want to touch them.

overall, i don't see a broad ban on crypto happening in places like the USA. most governments have too much to lose in terms of economic growth and prosperity if they shun crypto. if they ban it, then growth will simply move to crypto-friendly countries.

[qwerty6274]

I think yes. In any case, the government has a very strong influence on Bitcoin, on its behavior. It is possible that this price drop was made specifically with the help of state economic structures. It seems to me that in the future, this influence of the state will be even stronger. Because what you do not control, controls you.

[biskitop]

a little, suppose that the government gives a response to bitcoin, positive or negative, then investors will be interested in the government's decision regarding bitcoin investment. and that could trigger the price of bitcoin to rise or fall depending on the government's statement.

[Kakmakr]

Political decisions does have an affect on Crypto currency prices, because it determines how easy it will be for people to use it legally and for adoption to increase. Legitimate businesses wants to operate their businesses within the legal requirements of their government, so these businesses and citizens will want their government to declare Crypto currencies legal and they want it properly defined for them to adopt it.

The illegal operations does not care about governments and their regulations and they will continue as normal, until they get caught.  

Bitcoin will continue, with or without government acceptance, because people will just adapt to the environment that are forced onto them. <Make it illegal in their country and they shift to a country where it is legal or they use Black markets and the DarkNet.>

[arpon11]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

If Donald Trump will open his mouth and say " all cryptocurrencies is forbidden" bitcoin and others altcoins are going to crash down but there are not going to go into extension.  The reason is that this market is decentralized and it cannot die at worst it will go to black market.  However,  governments banning and speaking against bitcoin was the reason why the market has been down and we should recognize this in analyzing the market.  South Korea and Indian banning of icos market in January 2018 was the major reason why the market fall in 2018 and I pray governments are careful on how there treat cryptocurrencies market.

[vv181]

The reason Bitcoin could grow because people find an utility within Bitcoin to getting away from the banking matrix. Government banning cryptocurrency or strict regulations won't make a true Bitcoin user giving up. The purpose of Bitcoin is to make us don't depend on centralized entities and gain the freedom of our financial and privacy. It is surely BItcoin capable and beyond of that.

[Peashooter]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Government has a big impact on bitcoin , government either allow or banned cryptocurrencies in their country. No one knows , but in the past few years bitcoin has faced a lot of challenges so it will be difficult for government to drop it down for sure bitcoin will survive. If the government finally accepts bitcoin then it can give a positive impact on bitcoin because it can attract more people to invest and that will definitely affects the price.

[timerland]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Good question.

Personally, I think that it is pretty much impossible for all countries across the world to somehow come together and ban the use of BTC altogether. That would be the only way of remotely stopping bitcoin use, in my opinion. Not only is a ban it super hard to enforce, even if it's just on a scale of one country (just look at all the countries who has banned or have unofficially restricted BTC), it also means loss of tax revenue.

But if it does happen, especially if a ban occurs in a country like the US which has a lot of adopters, it could move the market a lot. Will it completely cripple the network and make it dysfunctional? Absolutely not. But short term, will people panic sell? Probably.

I wouldn't say that government attitude and regulation is the most influential thing regarding bitcoin price right now. It might have been 5-10 years back when the market was small, which led to big panic sells after China ousted some exchanges, but looking back it had no real effects in the long term. That could be similar to what would happen in the future if more countries pursue this line of policy as well, as the network itself is decentralized and doesn't need the support of one entity or party to keep it working.

[alyssa85]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

The United States is never going to ban bitcoin (they are a confident nation).

China did ban bitcoin, and that did curb demand for the coin as a mean to evade capital controls. But going forward, bitcoin will rise or fall based on whether people in western nations find a use for it or not.

[BitBustah]

The government has very little to do with the price movement of bitcoin.  It boils down to whales, exchanges, adoption and hype.   Bitcoin was already able to hit 20k without governments being involved much.  People like to over complicate the reasons for the recent market crash, regular  people simply lost interest in bitcoin and there is not enough buyingp ressure to absorb all the dumped coins by miners.

[Indrawan77]

Well the most influential factor is still supply and demand, but the government can affect the price heavily but it wont kill bitcoin, to become big and mass adopted we need the government permission, so it's impossible to become global currency if the government not allowed it, all of can see the effect when China banning bitcoin, the price of bitcoin falling down sharply at that time, but after a while it survive

[MarcusGates]

You have to understand one thing.

If you adopt BTC as a mean for payment/exchange of services and goods, you don't really need to peg it to US Dollar.

To answer your question, yes the price in USD will drop but... as long as people are willing to trade and accept BTC for goods and services it won't really matter price in USD because BTC has its own price.
In order for this to work, mass adoption has to take place.

Just to make it clear, you use $ to do what? buy goods and services. You use BTC to do what? same + buy $. If enough people starts accepting BTC the $ won't be needed.

[harizen]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

It depends on what goverment will impose. If something positive, expect some rise, if not, then its other way around.

In your example (although it has low chance to happened "for now"), I see that it will lead into price crash as we all know that U.S is one of the countries who have great involvement in crpyto plus the fact that they are really "influential". Other countries might follow resulting in more crash.

Bitcoin is still there if that will happened. It's just that the trading performance will not be the same as before due to traders or bagholders that stopped doing business with cryptos. They are now in doubt of the big adoption as US, one of supercountries, stopped their involvement.

Again, the price movement will depend on how "heavy" the action/s that government will do.

[xWolfx]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Governments are a factor, pretty important one when it's about a developed country.

However, the most important factor is...Investors! - Those are the ones who will ultimately decide the outcome when it comes to Bitcoin's price. Of course i'm counting holders as investors since for practical terms they are doing the same thing but in a much more noble way from my point of view.

[Kemarit]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Assuming that US is a big market for Bitcoin, then a Trump's declaration will severely affect the market price. Could be one of the darkest days in crypto history. But I'm on the side that the negative effect will be short lived and Bitcoin will still survived in the long run.

Well the governments have been fighting it by putting pressures on lots of trading platform today by enforcing KYC/AML. But Bitcoin is still standing, it will be a long battle though, I'm not going to say that we're going to win it, but we will continue to fight it out and crypto will still thrive under these continuous attempt to undermine the market.

[Harlot]

I think the answer to that is a big yes. If you are looking for Bitcoin or cryptos in general to proceed to its mass adoption stage the only entity that can make that happen is the government without it things can go to dust for its development, I mean most exchanges right now are registered companies under their country's law so if they declared that cryptos are illegal we may even never have a chance to liquidate our assets as they could immediately froze this exchanges as well as our wallets. Nothing can be safe when touched by our government.

[DisturbedRTX]

It is quite logical that if there is a cryptocurrency ban, people will have no reason to use it. Is that the Darknet community. Therefore, it’s not cool, there is an influence on cryptocurrency.

[cabron]

Trump doesn't have jurisdiction to other countries approving cryptocurrencies. The point here is that no matter how low the price of BTC is, its going to be use to send value anywhere in the world without intermediaries. This is also the reason why we kept using BTC even when it was banned over and over.

[virendarnagpal]

Government is the supreme power in any country.  It can influence any movement any business.  If government wants to restrict usage of any thing it just can ban it.  banning will definitely have an effect.
And if government wants to ban crypto people will not be able to buy sell trade it legally.  Though some illegal transactions can not be overruled.
So the percentage of usage will be very low in case it is banned and may be very high in case government supports it's usage

[Alexlax]

This is a stick of two ends. On the one hand, the price may fall because it will no longer be used in the USA. On the other hand, all the forbidden is the most interesting and after the ban interest in cryptocurrency may increase.

[Pab]

No i don't think so
For sure if China gov will announce that bitcoin trading is legal one time again then we will have pump
I see bitcoin price more like a cycles same like fiat economy has his cycles
Usually every four years there is recession and it is normal and healthy
Next year we have bitcoin halving and any gov will not be able to disturb price rise

[South Park]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Such a ban will definitely affect the price of bitcoin and will affect its adoption rate since we are talking about one of the most powerful countries when it comes to their economy, but that will not kill bitcoin, as a technology bitcoin will continue to thrive and to improve and even if all the countries around the world took that stance bitcoin will not disappear and it will be a matter of time before some countries reverse that decision or the people decide to disobey.

[sheenshane]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Such a ban will definitely affect the price of bitcoin and will affect its adoption rate since we are talking about one of the most powerful countries when it comes to their economy, but that will not kill bitcoin, as a technology bitcoin will continue to thrive and to improve and even if all the countries around the world took that stance bitcoin will not disappear and it will be a matter of time before some countries reverse that decision or the people decide to disobey.

Yes, definitely the government will affect the Bitcoin's price since they are capable of using their power to influence it. I would also like to mention that the government has this system called oligarchy where they are connected to everyone and they have the power to control almost anything and cryptocurrency's price is included there.

Stock markets are controlled by SEC which is a government's agency as well (security and Exchange Commission). That is the reason why people would do their best just to be elected as an official because being involved in the government means the power to almost anything monetary or so on.

[jems]

Bitcoin will always exist even though the government forbids it but it is certain that the price will fall very far. In my opinion the government has an important role to play in the progress of the blockchain technology.

[coinplus]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Probably, I guess it is the government branches not directly governments. For example, we have been talking about SEC for a long time (unfortunate about what happened) and SEC is not "the government" but more like a government branch. It means all over the world there are government branches that are connected to bitcoin and crypto currencies and make laws about it or regulates it and so forth.

Usually, stuff about bitcoin and crypto do not pass through the house or senate and what not, its not that big and neither its their problem, so they appoint a branch to take care of it instead. That way we know which branch is responsible in all countries (like sec in USA ) and know where to focus our voice.

They do have the make or break power because even tough bitcoin is decentralized banks you withdraw your money to is not and if you are dealing with just bitcoin that is great but if you want to cash out then it needs to be regulated and when a branch says "its free of tax, we love it, everyone should use it" or whatever it would make the price jump up and when they say "its illegal, nobody can own a single satoshi or will go to jail" or something it will make the price go down.

[electronicash]

the government want cuts thus all these stuff are happening from banning crypto and regulations asking taxes. they had us by the neck when we ask for adoption and so they denied ETF over and over. in all market its always the government that controls how it works. if crypto had to be adopted widely, the people behind it has to abide the government who sets the rules.

[deppil]

No i don't think so
For sure if China gov will announce that bitcoin trading is legal one time again then we will have pump
I see bitcoin price more like a cycles same like fiat economy has his cycles
Usually every four years there is recession and it is normal and healthy
Next year we have bitcoin halving and any gov will not be able to disturb price rise

Most countries might legalize it someday. but in my opinion the government might contribute to changes in the price of bitcoin on the market, see the ban imposed in early 2018, making the market shake? but that is not enough to destroy the bitcoin market.

[yusupjatigumilar]

In my opinion if the trump issued the regulation will directly affect bitcoin and the crypto currency market, because the government does contribute to the price movement of a commodity including bitcoin, when the government prohibits a commodity from being traded, the people will certainly obey the regulation because the public is afraid trading commodities that are prohibited by the government means they violate the law and can get sanctions.

[Janation]

Bitcoin will always exist even though the government forbids it but it is certain that the price will fall very far. In my opinion the government has an important role to play in the progress of the blockchain technology.

And how can you say that?

We are talking about Bitcoin here and the government being the most influential factor that affects its price which is obviously wrong. Government can affect the price of Bitcoin but in only one way, banning and regulating Bitcoin in their country but that does not mean it is the most influential one, in the end we investors are the most influential factor of the Bitcoin price. Without us, there will be no such thing as ATH or cryptocurrencies. Bitcoin will not be volatile nor exist without us. And don't say that the government has an important role on progressong on the blockchain technology since they are not the ones who are doing the developing, they are still users of that developed technology.

[wahyu wida]

In my opinion if the trump issued the regulation will directly affect bitcoin and the crypto currency market, because the government does contribute to the price movement of a commodity including bitcoin, when the government prohibits a commodity from being traded, the people will certainly obey the regulation because the public is afraid trading commodities that are prohibited by the government means they violate the law and can get sanctions.

indeed the government's policy to legalize bitcoin will encourage the development of BTC. but in my country even though it has not been legalized, but we can invest, and not violate the law, except for transactions

[andika2018]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

I think if Trump declare cryptocurrency is forbidden, it will affecting to cryptomarket. But i think its just temporary because many country still allowing and regulating cryptocurrency like south korea. I am believe government can not forbid cryptocurrency because bitcoin or others crypto is decentralized.

[Wellyan]

in my opinion not the most influential is the investor itself in my opinion the development of the crypto currency is influential if the government without investors certainly has no meaning

[munareal]

Government is not the most important factor that affects the price of bitcoin but its usage as in the demand and supply. Some countries have banned the use of bitcoin but the citizen still mine or use it.

[magneto]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

The government's regulations and decisions on bitcoin still has a lot of weight on the bitcoin price, there is absolutely no doubt about that. Especially in the short term, prices could be extremely volatile as people tend to overreact to these types of news.

But I definitely doubt what people say about "if the government wanted to shut down bitcoin, they could do so instantly". With a distributed ledger like bitcoin, it is quite proof to events like this from happening, and it would simply be unfeasible both technically and financially for a country to actually do this on a large scale.

So yes, short term speaking I think that government policies remains one of the most influential factors of bitcoin price (other regular news is probably more influential, though, like exchanges). But in the long run even if government's aren't 100% supportive of bitcoin, I don't think bitcoin will be affected much.

[horrifiedx1]

Government is not the most important factor that affects the price of bitcoin but its usage as in the demand and supply. Some countries have banned the use of bitcoin but the citizen still mine or use it.

because the government does not prohibit this. like in my country where it is not prohibited to have bitcoin, so the risk is borne personally. and what is banned is bitcoin to transact. I think the role of the government has its own place for the development of bitcoin, with the legalization of course more investors will come

[0t3p0t]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

For me I think with or without governments Bitcoin will still be great. Though governments can affect the growth or market flow of Bitcoin due to some decissions like total ban, regulations and other laws that is against Bitcoin and the rights of it's citizens to interact with it. Even though governments will prohibit the use of Bitcoin in a specific country people will still use it as it is a decentralized asset  that does not need government intervention however it will slow down the adoption.

[ufaiz50]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

I'm not so sure the trump will throw away blockchain technology by banning it, digital money and blockchain technology is the best breakthrough in overcoming cash shortages. Even if that really happens, then investors or holders in that country will definitely sell crypto assets because trump regulation must be very heavy, as we know that the regulation made by trumps for me is too pressing.

[kaisa]

You will not be able to hold a Bitcoin-based on price, the state may forbid using bitcoin but currently, there is no one country that has succeeded in stopping the circulation of bitcoin. It's been 10 years that bitcoin is in this world, none of them can control except price. You say, for example, Trump will ban bitcoin. Then the price will go down very quickly, it proves that bitcoin is only used as an investment tool, not as an alternative payment. So, many people must be aware that bitcoin is currently only used as a digital investment, even some countries categorize it as a commodity.

[romero121]

Truly governments were most influential on anything technology associated. If bitcoin has got support from governments around the globe, surely bitcoin could have reached a large number of users making a big change. More the usage more will be the growth of bitcoin, surely government support is a must. Government won't affect the bitcoin price, but letting it legally causes an increased demand which will push the value of bitcoin high. Another thing when governments get into the community automatically they tend to keep it under their control. This might affect the decentralized functioning.

[don_ricci]

I think at the moment - it's not. At least the state doesn't regulate bitcoin openly. A big role in Bitcoin has a demand and mood of people to Bitcoin. Especially now, when no one knows what will happen next. Altcoins also affect the price of Bitcoin. They take investors themselves, thus, the demand for Bitcoin is less than it could be.

[Rooster101]

If government bans the use of bitcoin and other cryptocurrency, you will never buy nor sell them publicly but only on someunderground exchanges. Government can exert influence on the price of bitcoin by imposing tax and regulation on crypto exchanges. But I believe that the intial price reactions will only temporary if the real aim of the regulation to curb money laundering ans other crimes that uses bitcoin.

[sirminesalot]

I don't think it is fully influential in my opinion the most influential in my opinion is the investor of the crypto currency

[South Park]

Yes, definitely the government will affect the Bitcoin's price since they are capable of using their power to influence it. I would also like to mention that the government has this system called oligarchy where they are connected to everyone and they have the power to control almost anything and cryptocurrency's price is included there.

Stock markets are controlled by SEC which is a government's agency as well (security and Exchange Commission). That is the reason why people would do their best just to be elected as an official because being involved in the government means the power to almost anything monetary or so on.

The mistake governments make is they have the belief they can control everything and the only thing they need to do is to pass more laws and create more security agencies and people will just accept it, bitcoin is proof that behaviour is no longer going to be tolerated by people and unless they change their approach then it is possible they will become obsolete as it is likely the next crisis will be their fault and people are going to realize it and move away from them and their fiat.

[aad140386]

Of course, this will negatively affect cryptocurrencies, but this does not mean that they will die. In fact, no one has yet stopped progress. Perhaps for quite a long time cryptocurrency will be depressed, but they will still develop, and if humanity understands that the blockchain has many advantages, then sooner or later it will still take its place in the global financial system. And no one can stop it. Fighting progress is stupid. Read the history of Japan, which at one time tried to isolate itself from external influence and did not allow foreigners into their country. In the end, Japan was faced with the fact that it is technologically far behind other countries and was forced to completely change.

[arpon11]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Government should be one of the most influential factors that affect bitcoin price positively or negatively.  I am a trader and since 2016 that I came into cryptocurrencies market I have seeing many fundamentals issues from governments affecting cryptocurrencies market.  Chinese governments has used People bank of China to control bitcoin price for some time. I think USA governments is also using sec to control or influence cryptocurrencies pricing through ETF approval.

[tinker123]

Yes and no. The government of one country cannot really influence bitcoin. But let's say if the government of many countries will unite and suppose it is banned, then this will already have a negative impact on its price. I think the concept you understand.

[shield132]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

If trump will ban bitcoin and altcoins and punish everyone by death for cryptocurrency use or will make everyone go in jail 1 transaction = 1 year, then yeah, it will affect a price a lot, trump a lot and new revolution will begin.
Government can affect price when they make very serious decisions, on another hand can you blame any government for current bitcoin price? From 6K to 3k? Non of them affected it.

[rafi035]

the government is very important and influential in bitcoin, they are the government of a country that controls its people. the government can do positive or negative things about bitcoin which will eventually reach its people. but I hope that the government of any country will think positively about bitcoin.

[Glorious04]

Yes. Government does affects bitcoin price but at the moment I cannot see that governments has something to do with the current bitcoin price. There are countries that their government don't care that much but still doesn't help bitcoin price to rise.

[metalglowd]

no, in my opinion it only has a slight impact on crypto, only at prices, the rest will continue to grow. Isn't the regulation at U.SU still prohibited so far? such as prohibiting KYC by using the U.S identity. But the worst is, if things like this followed by other big players

[gabmen]

Yes. Government does affects bitcoin price but at the moment I cannot see that governments has something to do with the current bitcoin price. There are countries that their government don't care that much but still doesn't help bitcoin price to rise.

Well when it comes to influence, i doubt if any other institution can match the government. A ban or a statement of support can easily sway investors' confidence. If all government collectively ban cryptocurrencies i doubt if it can survive a crackdown. Same way if it adopts crypto and openly support it, we're likely to see prices go off the roof.

[Reinsurer]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Giving the official status of cryptocurrency in different countries, as well as the growing use of Bitcoin as a daily means of payment and create people confidence in the further growth rate. But there are "pitfalls".

[Ezenwanyi1]

I do not know what will happen to Cryptocurrency should government decides to fight it for real but I do know that the bitcoin price per time can be determined by government interference , activities etc.
Since we all agreed that the Cryptocurrency market is a speculative one.
So any government interference could be interpreted to mean different things ans then the speculation starts.

[Linkkoin]

Governments are the ones which create the binding law on their territory. If a big country, where cryptocurrencies had been popular is outlawing them, it could be a huge hit for the cryptocurrency market.
But big entities have as well very big impact. Advertising cryptocurrency products on google/facebook is impossible in most of the countries, what was another factor making the bear market longer and worse.

[cizatext]

I believe bitcoin is bigger then any individual or government if they truly have that power there will have used it against bitcoin long ago, I know bitcoin is still doing great by staying on the price all this time for the past one year the entire market have witness a lot of market crisis and that have even made bitcoin stronger so trump van not do anything to bitcoin cause he have no such power.

[South Park]

Yes and no. The government of one country cannot really influence bitcoin. But let's say if the government of many countries will unite and suppose it is banned, then this will already have a negative impact on its price. I think the concept you understand.

It depends on the countries that ban bitcoin, if the citizens of those countries are not really using bitcoin then a ban like that is not going to affect its price but if the countries that announced such a measure are some of the most powerful and the most influential when it comes to bitcoin then that will crash the price almost immediately but even that movement will not be enough to make something like bitcoin disappear.

[sekret9]

What's the difference from other trading projects? In what you are best?

[boty]

Absolutely yes, the government has a very clear impact they can make the price of bitcoin rise and fall, depending on their wishes, the government only needs to make bad news and make traders afraid so they will sell their assets at cheap prices and the price of bitcoin falls again.

[poldanmig]

I think the existence of legalization from the government will certainly give confidence to investors, so they are more confident to enter the market. so that it is expected to increase the price

with the legalization of the government, it is possible that the crypto currency will affect investors and the development of the currency can be better or worse. The government that can regulate it of course crypto currencies will change the properties and functions such as fiat currencies.

[Crypdon]

Government bans on crypto will put strains on their own economy. Look at gemini and coinbase, they must be paying serious amounts in taxes. If Trump banned them, they will simply follow binance to malta

[poptok1]

     I would say it the biggest factor influencing bitcoin price drop.
If the state keeps his hands away from bitcoin than nothing happens. I mean market regulates the value.
Just as it supposed to be. But the second some bigger country or group of them, tries to somewhat manipulate the law or outlaw
cryptocurrency in general...threat of a plummet is real and in fact unpreventable.
     To me it looks like all the other aspects of modern life, when government interferes, everything goes south regardless of what it actually is. There is basically zero precedences where thing where the other way. Either market gives no response at all or the consequences from governmental inputs are noticeably negative. I think they don't know what they are doing in most of the cases. All their actions are reminding me of a child wondering through the mist. Hit and miss, unfortunately most of the time it is the miss, that we ending up with. Is it all done to crypto on purpose? I don't think so, must be sheer stupidity or maybe even fear.

[omonuyak]

Government bans on crypto will put strains on their own economy. Look at gemini and coinbase, they must be paying serious amounts in taxes. If Trump banned them, they will simply follow binance to malta

Government will lose money if they ban cryptocurrencies and most of their citizens that has interest in cryptocurrencies may goes against them.  I also believe that governments has the capacity to makes cryptocurrencies adoptable across our society. 

[Stedsm]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

It can survive but the level of survival will drop down very badly as people would just sell their coins under the fear of either getting caught or getting a crypto ban at their premises. If Govs come ahead for a real fight and they're made up of their mind to end crypto in grave, well then, be ready for the death of crypto at least in terms of values as price would definitely fall for this very reason Govs may give us. Seeing the technological aspects of BTC, I don't see any developers leaving it as all of them mostly do it for their peace of mind and they love to do what they're doing, tell me who doesn't love to develop something people are loving due to its features? Even if Govs decide to kill crypto space, we as a community can start using BTC as BTC only (like 1 BTC = 1 BTC only) and do barter trading with it instead of just playing off with it (which may not happen ever IMHO).

[akram143]

Absolutely yes, the government has a very clear impact they can make the price of bitcoin rise and fall, depending on their wishes, the government only needs to make bad news and make traders afraid so they will sell their assets at cheap prices and the price of bitcoin falls again.

the government will not directly affect the price of our development of cryptocurrency they are the one of the reason for people will not trust cryptocurrency still now if the government need to support the cryptocurrency development then the problem will usually been solved and the development also be easily grow up.

[wahyu wida]

Government bans on crypto will put strains on their own economy. Look at gemini and coinbase, they must be paying serious amounts in taxes. If Trump banned them, they will simply follow binance to malta

Government will lose money if they ban cryptocurrencies and most of their citizens that has interest in cryptocurrencies may goes against them.  I also believe that governments has the capacity to makes cryptocurrencies adoptable across our society. 

besides that, I think that with the unregulated bitcoin, it will have an impact on the move of investors to bitcoin trading, thus leading to illegal activities. hence from that government policy is needed to maintain economic stability in a country

[Seeker#9]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Bitcoin and other cryptocurrencies can still be bought through the underground exchanges but it is more risky. Only few countries banned bitcoin but the majority including China allowed their citizens to buy it and other cryptocurrencies. Totally banning the leading virtual currency might be impossible because many sectors that uses bitcoin will be affected. The present trend is cryptocurrency regulation and a group of countries are already planning to create a global regulation in the future.

[BeGoods]

Yes and no. The government of one country cannot really influence bitcoin. But let's say if the government of many countries will unite and suppose it is banned, then this will already have a negative impact on its price. I think the concept you understand.

It depends on the countries that ban bitcoin, if the citizens of those countries are not really using bitcoin then a ban like that is not going to affect its price but if the countries that announced such a measure are some of the most powerful and the most influential when it comes to bitcoin then that will crash the price almost immediately but even that movement will not be enough to make something like bitcoin disappear.

I think any country if the regulation they make is spread to the public will certainly affect the market. yeah maybe if the user in that country is big enough it will also give quite big effect. the point is we don't want it to happen to all countries because we know the role of government is very vital in the community. of course the rules will affect to bitcoin and market..

[Dessy88]

a little, suppose that the government gives a response to bitcoin, positive or negative, then investors will be interested in the government's decision regarding bitcoin investment. and that could trigger the price of bitcoin to rise or fall depending on the government's statement.

the government can also have a very large influence if the government has banned crypto currencies being accessed in the country of course crypto currencies will disappear if the development of crypto currencies depends on the investors themselves, in my opinion

[befriendmywater]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

that's will never happened. The United States is really a great power but it is still not strong enough to destroy the crypto market. why? because this is a decentralized market and it is being attended and invested by many investors from around the world.
It is very difficult to manage a decentralized market and the US government still has no right to decide whether to live or die of crypto.

[Sebas.tian]

No doubt government influences bitcoin the most. Even now, the price is affected because of the ETF, that is, related to government aiming for regulation to an extent. In fact, at some point where the government of china took a hostile step against crypto, the price was affected.

[boyptc]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Then the all state of America will be stricter and citizens have to obey him but still there are those people that won't follow his order. There will be an impact in the beginning but afterwards it will cooldown, take the example of China's take on crypto early 2016.

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

It will survive.

[crzy]

Absolutely yes, the government has a very clear impact they can make the price of bitcoin rise and fall, depending on their wishes, the government only needs to make bad news and make traders afraid so they will sell their assets at cheap prices and the price of bitcoin falls again.

They can do that and we know how powerful our government, when they make regulations on cryptocurrency it can make the price move. But I know the government will not do that without any study, and of course they will support it if they find the good things about it.

[GrayFullbuster]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Governments are only one of factors and it is not the most influential factor that affecting the price of the bitcoin. Whales that manipulating the market are the most influential factor that affects the value of bitcoin. They have power and authority to manipulate and change the price of the bitcoin.

[Vinalians]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

No actually more people will know about bitcoin and othet cryptocurrency which is good for the popularity of bitcoin there are so many people out there that is smart and the government can't ban what they can't see. People will get more confused about cryptocurrency and that will be a great start for them.

[kidoseagle0312]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Of course bitcoin can survive through its decentralization system. But bitcoin price value can be affect by the government, in what way?
If the government of some country will adopt Bitcoin there is a high chances that the price will get increase, in short there is a big impact.
Now, if the government didn't adopt it since they are big influences the price also will get affect by it to be dump.

[eaLiTy]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

The market has grown enough to let it go into oblivion in a moment and the governments around the world will come up with regulation rather than taking the entire market underground. When the regulations are set and done we will see huge institutional investments from around the world and that will drive the market in the future.

[Darkman3301]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

The market has grown enough to let it go into oblivion in a moment and the governments around the world will come up with regulation rather than taking the entire market underground. When the regulations are set and done we will see huge institutional investments from around the world and that will drive the market in the future.

Of course you are right, but not quite. The government can easily affect the market in their country simply by banning cryptocurrency. This is an obvious fact that must not be forgotten.

[Nhor1011]

Yes,the government is the most influential factor that affect bitcoin price. It is iether good or bad effect. Good if the government allowed the community to use bitcoin as what it is and bad if the government ban it. The government has a full control in bitcoibitcoin once they regulate it and being a decentralized digital currency can't do nothing.

[mersal]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

The government will not the reason for the father of cryptocurrency but they are one of the victims to distract the people from get interesting in the field of cryptocurrency otherwise they don't do anything against cryptocurrency development people will accept Crypto as their normal currency then it will not affected by the government.

[conected]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Governments are only one of factors and it is not the most influential factor that affecting the price of the bitcoin. Whales that manipulating the market are the most influential factor that affects the value of bitcoin. They have power and authority to manipulate and change the price of the bitcoin.

- I don't think so, I think they are a factor that most affects the price of bitcoin because although as you say, they do not control or manage bitcoin directly, but the information they provide, it affects a very large range. And whales can take advantage of the information then turn this information into their tool, and create a red market, so when we look from the outside, whales are probably the main factor but looking deeper, the government is the one who gives whales the opportunity, the government does not directly change the price of bitcoin but they indirectly do it

[Akagum]

Well, government interference has a way of affecting the price of bitcoin if we look at it critically.
I understand that the bitcoin market is more of a speculative one and so any government interference could trigger speculations which would then affect the price of bitcoin negatively or positively.

[nebuch]

Government = multitudes of people(the citizens)

People = investors, traders, bounty hunters

Bitcoin potential = Government + people (businesses)

In case all government prohibited the use of bitcoin then it would be hard for crypto to be the possible future of transactions.

[pieppiep]

indirectly the government can have an influence on the price of bitcoin in place of exchange by giving bad news about cryptocurrency, and now many have become victims of the fall in cryptocurrency prices because of the government.

[semobo]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

EVen if trump or all the prsident of world announces bitcoin to be banned still bitcoin will work but its a big question that people will still use it if there is severe punishemnt for using it but no one is going to ban the crypto currency but yes it will affect the prices only if it is banned everywhere.

[ethereumhunter]

Bitcoin can survive even if the government do not approve and make it legal. Besides that, bitcoin is not related to one government only, and I am sure that there is any government will approve bitcoin and make bitcoin as a legal. As long as people can access the internet, people could still use bitcoin. And the government is not the most influential factor for bitcoin price because Bitcoin does not depend on them only and there is more factor that will affect bitcoin price.

[Koadharber]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

EVen if trump or all the prsident of world announces bitcoin to be banned still bitcoin will work but its a big question that people will still use it if there is severe punishemnt for using it but no one is going to ban the crypto currency but yes it will affect the prices only if it is banned everywhere.

No government can stop Bitcoin even they ban it people who is using Bitcoin finding ways to continue using it,the government can make positive and negative effects of the price of Bitcoin if they are spreading positive news about it Bitcoin prize will increase but if they will ban Bitcoin decline of its price will be the effect.

[BitTraderCute]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

EVen if trump or all the prsident of world announces bitcoin to be banned still bitcoin will work but its a big question that people will still use it if there is severe punishemnt for using it but no one is going to ban the crypto currency but yes it will affect the prices only if it is banned everywhere.

No government can stop Bitcoin even they ban it people who is using Bitcoin finding ways to continue using it,the government can make positive and negative effects of the price of Bitcoin if they are spreading positive news about it Bitcoin prize will increase but if they will ban Bitcoin decline of its price will be the effect.

it is very dillema for government.banning or restric bitcoin   and cryptocurrency will not give solution for them, moreover this market has huge potential taxes if they attract it.i think they should think about this market potency for their income source.

[DisWhale]

Governments play a part in the influence of the market but does not have the absolute power which can influence the collapse of the market. People listen and heed to the laws of a country, hence once the government make crypto and Bitcoin illegal, it brings down the demand on the market. The opposite of this concept holds. There are also other factors which influence the market which include the attitude of traders on the market, FUDs, the hacking of a big exchange etc.

[Lumi3004]

Government is the main spearhead in trading both official and unofficial shares, so if the government is active in cryptocurrency or bitcoin it is very likely that both prices will rise and also the opposite of bitcoin.

[Anies_Sandi]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Of course I will keep the bitcoin alive even though the trump prohibits all crypto, because the impact is not too big because the largest holder in the world is in Asia. so if governments like China and Japan prohibit crypto it will only have a major impact on crypto can lose its value

[South Park]

No doubt government influences bitcoin the most. Even now, the price is affected because of the ETF, that is, related to government aiming for regulation to an extent. In fact, at some point where the government of china took a hostile step against crypto, the price was affected.

But the effects of those measures are limited, it is true that when China took steps against this market we saw a decrease in the price but then things went back to normal after some time and the same is true for ETFs, at first the market was very hopeful and when the SEC refused to give their approval the price suffered but after so many rejections people do not care anymore when that happens and the price does not move at all.

[Finestream]

Government is the main spearhead in trading both official and unofficial shares, so if the government is active in cryptocurrency or bitcoin it is very likely that both prices will rise and also the opposite of bitcoin.

Yes.But on the other hand if a president of a country declares total banning of cryptocurrencies,i think it will not be affected that much because as we see even before bitcoin has maintain its high market value.But it will be more likely profitable on the side of bitcoin if it will be accepted by the government.

[iMark]

Government is the main spearhead in trading both official and unofficial shares, so if the government is active in cryptocurrency or bitcoin it is very likely that both prices will rise and also the opposite of bitcoin.

Yes.But on the other hand if a president of a country declares total banning of cryptocurrencies,i think it will not be affected that much because as we see even before bitcoin has maintain its high market value.But it will be more likely profitable on the side of bitcoin if it will be accepted by the government.

Of course it has a big effect, the market is also being affected by the psychic of investors, when the bitcoin ban is applied there is certainly a disturbed feeling from investors, the worst investors will leave. so I really hope that legalization takes precedence over prohibitions

[maxreish]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Actually, your example is a valid reason to affect the btc's price. That is a serious news and we can also say that government has also a great part to affect the cryptocurrency market. Some may not be convinced about this, but if you can just list down all the reasons why the price is being dragged down, it may take a part.

[reliable]

indirectly the government can have an influence on the price of bitcoin in place of exchange by giving bad news about cryptocurrency, and now many have become victims of the fall in cryptocurrency prices because of the government.

Government plays a vital role because it is that authority which can legalize or ban the crypto in the country and if suppose they ban it than the citizens of that country will stay away due to the regulations. this means that millions of citizens move away from the crypto and thus it can influence other country decision too.

[DisWhale]

Government is the main spearhead in trading both official and unofficial shares, so if the government is active in cryptocurrency or bitcoin it is very likely that both prices will rise and also the opposite of bitcoin.

Yes.But on the other hand if a president of a country declares total banning of cryptocurrencies,i think it will not be affected that much because as we see even before bitcoin has maintain its high market value.But it will be more likely profitable on the side of bitcoin if it will be accepted by the government.

The movement of the price of Bitcoin on the market is influenced by many factors and not governments alone. Of course, the governments play an influential part in this because people listen and pay heed to what they say. Other factors which include the hacking of a renowned exchange can also affect the price of Bitcoin and other cryptocurrencies.

[profitgenerator212]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

There are many different reasons that the price of BTC is affected. Just bad news it will affect BTC and the market crypto a lot. And government is undoubtedly the biggest factor affecting the price of bitcoins both positive and negative. Just like right now, we are waiting for good news from SEC to help the market get better

[Bagaji]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

I don't believe there any single individual or countrythat can influence the market value of Bitcoin in anyway. The current stage of is as a result the believe people have in blochain technology and Bitcoin in particular that is sustaining it's existence and it's market value till today and not any single government or individual influence.

[Genemind]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Not totally, but it does affect the bitcoin price somehow. For example, lets say a big chunk of crypto was invested from a certain country and suddenly it becomes illegal to trade or invest in that certain country, it will pull the price down since the market demand of crypto will be lesser.

[entebah]

indirectly the government can have an influence on the price of bitcoin in place of exchange by giving bad news about cryptocurrency, and now many have become victims of the fall in cryptocurrency prices because of the government.

Government plays a vital role because it is that authority which can legalize or ban the crypto in the country and if suppose they ban it than the citizens of that country will stay away due to the regulations. this means that millions of citizens move away from the crypto and thus it can influence other country decision too.

Exactly, this will have an impact on decreasing confidence in Cryptocurrency if the government in a country prohibits the use of Bitcoin, so that it might have an impact on Crypto prices if the government prohibits its people from using Bitcoin.

[basty03]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Of course yes government is the one who Influential if they regulate to be forbidden all Cryptocurrency and it will affect the the price in the market especially bit oin that king of all coins. But hopefully it will not happen so we can still make a good profit and crypto will stay.

[Bitfling]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

We know that US Government collecting taxes from cryptocurrency assets and trade. But i am agree that government playing important role in this cryptocurrency market. If government regulating cryptocurrency, the price must be rising and market will recover again

[hahay]

If that only happens in a number of state governments, I don't think it will have too much influence on the crypto market or prices. There have been a number of cases like this and the crypto market can still run until now, so the government does not have a strong influence on the growth of the crypto market, but even so there will definitely be effects even if only temporarily.

[Daboy_Lyle]

Government is the one of the factor that affects the price of bitcoin. As some of Government officials who invested a big amount on bitcoin that's hot bitcoin is affected by the government and also the rules. Banning bitcoin in some countries that cause of the Government issues.

[maman567]

Government is the key how to make bitcoin price will growing up, last years when bitcoin banned by China's government bitcoin price have down and lower, next time we are waiting which one country want to help bitcoin have higher price again.

[Ewinsane]

Governments have a lot of influence over bitcoin but I can't really say they have the "most influence", they are certainly up there with everything else but I think whales have a much bigger influence than anything else.

Look at what happened during the bitcoin cash hash war and how Craig all by himself sold thousands of bitcoins all at once and dropped the price of bitcoin 10%+ in half an hour and we have been dropping ever since. He single handedly managed to make bitcoin go from 6.5 thousand dollars per bitcoin to 3.5 thousand dollars each. That is not something governments can actually do unless a huge major place like USA bans it all together which they are obviously not doing. Hence, I think governments have less control over bitcoin than whales.

[St4yInTh3D4rk]

Government is the key how to make bitcoin price will growing up, last years when bitcoin banned by China's government bitcoin price have down and lower, next time we are waiting which one country want to help bitcoin have higher price again.

Really the action didn't affect the prices but that news affect the prices all over the world but still it didn't last longer after that only we see that crazy bull run of the crypto currency.So if the next time you see any news regarding the crypto currency no need to act for that when you are holding it long term.

[usorin]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Even if it would be some negative regulation like in USA or China, this doesn't mean that everybody will shut down their pc, thi technology has to move forward for the only fact that it offers transparency and everyone shares the data so nothing can be added or deleted.

[Ranly123]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

I have my question to you also. Does Bitcoin only controlled by the US president? What did Trump do about the decline of Bitcoin price and all other altcoins? I think Trump has nothing to do with this issue and to be certain, their are other factor which affect the price of cryptocurrencies.

[Tervelatuk]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Not totally, but it does affect the bitcoin price somehow. For example, lets say a big chunk of crypto was invested from a certain country and suddenly it becomes illegal to trade or invest in that certain country, it will pull the price down since the market demand of crypto will be lesser.

we really need government help to make this market great again,can not be denied their regulation will make investors confidence investing their money to this market.legal or illegal very important to profesional investors.

[jcarlo]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Not totally, but it does affect the bitcoin price somehow. For example, lets say a big chunk of crypto was invested from a certain country and suddenly it becomes illegal to trade or invest in that certain country, it will pull the price down since the market demand of crypto will be lesser.

we really need government help to make this market great again,can not be denied their regulation will make investors confidence investing their money to this market.legal or illegal very important to profesional investors.

I am agree. With government regulation, investor must be more confident to invest in cryptocurrency. It will creating new demand on market and the price of cryptocurrency will increasing. Government regulation needed to reducing scam in cryptomarket

[SnapDown22]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

the government does not fully influence because the development of the crypto currency depends on its investors and the government is only the place of the legality of the crypto currency if the government strictly prohibits the crypto currency will never exist

[maemunah]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

the government does not fully influence because the development of the crypto currency depends on its investors and the government is only the place of the legality of the crypto currency if the government strictly prohibits the crypto currency will never exist

in my opinion it could be because it is a factor in my opinion that bitcoin is not accepted by the state and its government and I think bitcoin is decreasing due to many repulsion repulsions from the government of the government

[carlfebz2]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

I cant really deny that Government the most influential factor neither it can give out Positive and also on negative side.Deciding for it to be completely forbidden, shall we say that all governments
would have the same act on prohibiting it then it can affect the price but as to expect with BTC and other coins would still remain underground.

[bounceback]

as long as it is still connected with fiat, the government will remain an important anchor in every important economic news, bitcoin prices are also very affected because it will increase market sentiment for various speculations. what is expected by many people is that bitcoin is able to synergize with the public economy and the government is the most appropriate party to decide this.

[radjie]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

the government does not have a role in the price movement of bitcoin because cryptocurrency is decentralized or no one regulates it. if the government is one of the main factors that can influence the price movement of bitcoin, this modern technology must be focused on one government and of course there must be regulation. even before that, he had to be able to turn a decentralized system into a centralized system

[Xising]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

bitcoin as technology can survive of course, but the price of bitcoin is a different story, it will definitely decrease dramatically in value if the government declared all cryptocurrencies forbidden. So yes, the most influential factor that affects Bitcoin price is government and it could make bitcoin go back to $10 if that scenario takes place.

I wouldn't say so. I think the main influencer with bitcoin prices is the community that supports it since they are the ones that hold on to the coins, and therefore, they are the ones that make the transactions happen, and furthermore, has the control over what will happen to its value, mainly. I think, in terms of the government, I would say that it's more of an indirect effect, especially when looking at the alley where governments have the power to ban or control or regulate cryptocurrencies and its use. In that sense, it can influence their constituents on how they can use cryptocurrencies in their localities. But since it is a worldwide asset that we are talking about, one government can't really have that massive of an effect to it.

[alroys]

The government is a state institution that greatly influences the people, if a government prohibits the use of Bitcoin and Cryptocurrency in a country, then someone's interest will decrease. And if many of them keep coins, they will sell their coins, and this will result in increased coin supply and reduced demand. And certainly this will greatly affect the price of Bitcoin.

[ginobitcoiner]

the government is indeed one of the determinants of a country's policy and economic changes.
Bitcoin changes are also affected by some countries that accept and ban bitcoin in their countries, but in reality the government is only a factor in that change. but does not directly affect the price of bitcoin.

[breathlessz]

the government is indeed one of the determinants of a country's policy and economic changes.
Bitcoin changes are also affected by some countries that accept and ban bitcoin in their countries, but in reality the government is only a factor in that change. but does not directly affect the price of bitcoin.

government policies that favor bitcoin, of course, will give investors the confidence to save their funds in crypto, with so many requests, of course, will increase the price of bitcoin, I think that is the way

[gabmen]

the government is indeed one of the determinants of a country's policy and economic changes.
Bitcoin changes are also affected by some countries that accept and ban bitcoin in their countries, but in reality the government is only a factor in that change. but does not directly affect the price of bitcoin.

government policies that favor bitcoin, of course, will give investors the confidence to save their funds in crypto, with so many requests, of course, will increase the price of bitcoin, I think that is the way

Yeah giving and taking away confidence from investors have a direct effect on the market. Especially if a government implements a ban on crypto, it won't only have negative backlash on that certain country but the whole crypto community. That's how important government support is.

[goaldigger]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Government greatly affects the regulation and legalization of bitcoin but i dont think its the most influential among the factors given the fact that cryptocurrency is decentralized in nature an most of its content is anonymous. Other things like supply and demand, bears and bulls etc affects it the most.

[Defender3301]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

If it is logical to think, banning cryptocurrency officially, naturally, the demand for them will fall on a considerable scale. In China, it already seemed like that. I think 90% of users in the country will withdraw their assets.

[valheru]

I do not think that the most effective thing is the government. I think the most effective thing in changing the stock market is an unbalanced community of people. What I mean is people who believe in everything and do trade without knowledge. For example, these people are the cause of the bitcoin decline we are in.

[serjent05]

They cannot stop totally the use and circulation of bitcoin even if governments forbid it because of it decentralized feature but as we can hear if one country bans cryptocurrency or bitcoin specifically, we immediately see its effect on the price, so for sure if there will be more and more countries regulating or forbidding bitcoin, it will surely drop in value.

[mangsitin]

I do not think that the most effective thing is the government. I think the most effective thing in changing the stock market is an unbalanced community of people. What I mean is people who believe in everything and do trade without knowledge. For example, these people are the cause of the bitcoin decline we are in.

Yes right, because the government is playing an important role in any decision in a country, so that everything said by the government will greatly affect the price of Cryptocurrency. For example, when the Chinese government banned Bitcoin, what happened? There is news that Bitcoin fell at that time because the Chinese government banned Bitcoin.

[Douglasyukanov]

Prohibition of digital currencies in each country is different but most of which are banned are ICO activities which are illegal by several companies or individuals involving the people of that country. and for the whole cryptocurrency still gets trust in dealing with transactions digital finance and online trading.

[breathlessz]

the government is indeed one of the determinants of a country's policy and economic changes.
Bitcoin changes are also affected by some countries that accept and ban bitcoin in their countries, but in reality the government is only a factor in that change. but does not directly affect the price of bitcoin.

government policies that favor bitcoin, of course, will give investors the confidence to save their funds in crypto, with so many requests, of course, will increase the price of bitcoin, I think that is the way

Yeah giving and taking away confidence from investors have a direct effect on the market. Especially if a government implements a ban on crypto, it won't only have negative backlash on that certain country but the whole crypto community. That's how important government support is.

the government holds control of a country, so that the community must obey the policies it has made. for example, the government prohibits the use of crypto to transact, and we violate it, of course it will deal with applicable laws

[andieoke]

Donald Trump is a very influential person in his country, even in the world. If Trump claims to ban cryptocurrency, I'm sure the price of Bitcoin will drop. That is certain, even though eventually the price can rise again in the future. I hereby argue, a government that greatly influences the price of Cryptocurrency.

[bounceback]

Donald Trump is a very influential person in his country, even in the world. If Trump claims to ban cryptocurrency, I'm sure the price of Bitcoin will drop. That is certain, even though eventually the price can rise again in the future. I hereby argue, a government that greatly influences the price of Cryptocurrency.

this is still political and I think bitcoin will only be prioritized to be discussed when its use is equivalent to fiat. he also did not want the economic model to change without careful preparation, now the usd has been included in the crypto conversion benchmark and I am sure this is fully known by the people around their government, the effects of the government will be great but they also do not want to be careless.

[rose9696]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Your question is really naive. If you pay close attention to the details of ICO projects, they often do not allow Americans to participate in their projects.
Potential projects to fraudulent projects, they don't want to involve Americans. They have anticipated difficulties with Mr. Trump so they did not want to cooperate with his country.
So the US government cannot have a big impact on our crypto market.

[karloscimot]

I think the existence of legalization from the government will certainly give confidence to investors, so they are more confident to enter the market. so that it is expected to increase the price

all play an important role in influencing the price of bitcoin, because bitcoin is global in nature, the decision of one country against bitcoin will not have a significant effect on the rise in value, so all business players in this world can influence the value of crypto currencies. if the demand is large, it can be ascertained that the price will rise and if demand decreases, the price will decrease

[BigBos]

Donald Trump is a very influential person in his country, even in the world. If Trump claims to ban cryptocurrency, I'm sure the price of Bitcoin will drop. That is certain, even though eventually the price can rise again in the future. I hereby argue, a government that greatly influences the price of Cryptocurrency.

yeah, you're right. I also feel that the government is indeed very influential. even when China started giving news that they were banning cryptocurrency, the crypto price declined. well, when all countries have received cryptocurrency, we can be sure that the market will recover.

[XFlowZion]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

He might be an idiot but I'm pretty sure that he also knows the potential of a technology. I bet he would never do that because their neighboring countries like Japan, Russia, China and etc are utilizing it in it's early stage even that some of them had ban ICOs.

[PlusOne88]

There is a serious impact to bitcoin if in such manner for example  big country like the US will no longer support bitcoin. But given that bitcoin does not only reside on a single country but the whole world it will certainly continue to move forward not unless everyone else will do the same. As to the price there will certainly be a change since they are one of the biggest users of bitcoin and losing them could mean a lot of change in the bitcoin value.

[@prashant]

Not exactly but yes they influence the Bitcoin price,as we have seen in the past the country crypto ban leads sudden dip in price due to respective country company related to crypto moved but the major factor for the influence on btc price are big players and institution who hold biggest amount with them.There manipulation create fomo and fud and mainly they also have media support to create fake news for sometime for manipulation.

[tenakha]

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

He might be an idiot but I'm pretty sure that he also knows the potential of a technology. I bet he would never do that because their neighboring countries like Japan, Russia, China and etc are utilizing it in it's early stage even that some of them had ban ICOs.

If governments are authorized to decide on Bitcoin's acceptance, YES.
You are right, because if it was not necessary, BTC would not be valuable as it is. But, on the other hand, it is not right to blame them. They can not hand over the economy to such a money with volatile price.