Is government the most influential factor that affects Bitcoin price?

[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.