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South Park
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February 01, 2019, 03:57:48 PM |
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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. |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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sekret9
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February 01, 2019, 04:03:11 PM |
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What's the difference from other trading projects? In what you are best?
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boty
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February 01, 2019, 04:13:01 PM |
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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.
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poldanmig
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February 01, 2019, 06:08:55 PM |
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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. |
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Crypdon
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February 01, 2019, 06:10:41 PM |
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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
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poptok1
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February 01, 2019, 06:47:05 PM |
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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.
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omonuyak
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February 01, 2019, 08:25:37 PM |
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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. |
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Stedsm
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February 01, 2019, 11:12:12 PM |
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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). |
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akram143
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February 02, 2019, 12:16:29 AM |
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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. |
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wahyu wida
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February 02, 2019, 02:05:04 AM |
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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 |
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Seeker#9
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February 02, 2019, 10:30:30 AM |
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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. |
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BeGoods
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February 02, 2019, 11:54:03 AM |
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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.. |
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Dessy88
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February 03, 2019, 04:25:32 AM |
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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 |
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befriendmywater
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February 03, 2019, 04:30:07 AM |
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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. |
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Sebas.tian
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February 03, 2019, 10:46:13 AM |
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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.
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boyptc
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February 03, 2019, 01:20:52 PM |
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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. |
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crzy
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February 03, 2019, 01:56:16 PM |
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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. |
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GrayFullbuster
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February 03, 2019, 02:19:25 PM |
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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. |
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Vinalians
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February 03, 2019, 04:46:39 PM |
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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. |
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kidoseagle0312
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February 03, 2019, 05:44:23 PM |
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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. |
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