Bitcoin currency stability

[Slow death]

To what extent will the economic war (between the US and China) affect its future impact on the bitcoin?

When I saw your post I remembered that I read this subject several times in the news channels, it seems to me that the news channels are taking advantage of this situation to make headlines:

Digital Yuan: Weapon in US Trade War or Attempt to Manipulate Bitcoin?

Bitcoin Price Loses $10.5K Support as US-China Trade War Tensions Cool

Bitcoin Price Drops to $10,000 in Recent Downtrend

Will these countries resort to bitcoin to maintain their economic strength?  And avoid economic sanctions among them?
Will Bitcoin succeed in maintaining its strength and stability as it is not under central authority?

Bitcoin will not replace Fiat, it can be used a lot by everyone in the world, but banks and fiat will still exist

[el kaka22]

The war has two fronts that affects the price of bitcoin. First of all we have the non-crypo regular side where USA and China is having a tariff war that is affecting both countries, USA is affected because they do not have to means to access cheap manufacturing which is hurting the profits of companies and some of them even going bankrupt because of this, China on the other hand is no longer getting the money from USA it used to get for cheap labor they have.

The other side of this story is that china has banned a lot of things related to crypto which is making money a lot harder because people can't just go around the bans and use bitcoin, tariff war could have been a lot less if crypto was loved in china but since its not bitcoin is not getting the attention it could have gotten from this.

[EdenHazard]

To what extent will the economic war (between the US and China) affect its future impact on the bitcoin?
Will these countries resort to bitcoin to maintain their economic strength?  And avoid economic sanctions among them?
Will Bitcoin succeed in maintaining its strength and stability as it is not under central authority?

The war is almost over and as you can see that President Trump is already reaching out to china to already have an understanding and a peaceful talk with him which could lead to the final solution to the war, so I don’t really see their war really lasting that long any more.

For the government of china and US, honestly both ate too adamant and I don’t think they will think of bitcoin as solution for now except people forces their hands down, and the only way that people can force them to accept it is if very large percentage of the country’s citizens are already using bitcoin, then it would be very difficult for them to control it even if they place ban on it, by that time they will have no choice than to also consider it but till that happens, I don’t expect any effect of their war on BTC.

It's not almost over , it's over and china won it! Don't ask me how .. you can see how desperate trump and how calm china is.

This is indeed a momentum for bitcoin to get everyone attention especially to those who affected directly by this trade war , it's seems (for now) impossible for both parties to formulate bitcoin as part of this trade war solution especially after trump announce himself as a 'not big fan of crypto' and how China actively wanted to ban cryptocurrency mining. But i believe there's a lot of people who don't know bitcoin before to consider using it after this. How? They need to get-away over this trade war, they'll try to experiment using and learning about cryptocurrency and  They'll feel the benefit!

[deisik]

To what extent will the economic war (between the US and China) affect its future impact on the bitcoin?

People tend to overestimate the so-called trade wars between the US and China

Even the term itself (war) seems to be a massive exaggeration and sensationalist media invention itself, which common folks readily fall for. There are some tensions and disagreements between the two countries but it is the way the world as a whole ticks along. As long as there is no real "hot" war between the US and China (or whatever other major nation), we should consider Bitcoin safe (for the peace of mind)

Will these countries resort to bitcoin to maintain their economic strength?  And avoid economic sanctions among them?

Why should they? How can Bitcoin possibly help them avoid economic sanctions? And which sanctions specifically?

Will Bitcoin succeed in maintaining its strength and stability as it is not under central authority?

It's already holding pretty strong. But in the dire economic conditions and disarray it will get hit too as any other speculative asset out there

[freedomgo]

At least they have an option to hedge they money to bitcoin in case this war will become worst.
Bitcoin as the most stable asset in the crypto space is the best option, it has been one of the option of some troubled countries, so I think this war somehow benefited the crypto space, however the there's only a temporary effect if this will not last longer.

For me, I like BTC to be use by a nation to help the devaluation of their money, like those countries that experience hyper inflation.
With the use cased of BTC that we are witnessing, I think BTC will even become more stronger in the future.

[iv4n]

Bitcoin came to this point without governments, banks and regulations. Same institutions are responsible for wars around the world, and who is making profit from those wars? I think that most of the people are sick from wars more than ever before, that`s why crypto will be a safe heaven for all "normal" people of this world, who don`t like weapons, who don`t hate others just cause their government tells them to. Like bitcoin is boundless, world should be the same, borders are just on the paper that someone made to trick people.
Maybe for some people this is hard to understand, but "normal" people of the world will need to unite against a common enemy, that keeps us in dark for ages.

[Natalim]

Will Bitcoin succeed in maintaining its strength and stability as it is not under central authority?

I think we need bitcoin to be regulated if we want to see it continue to hold its strength and become a stable investment in the future.
Without central authority looking at bitcoin, it is only those people who have hold a big number of BTC will benefit, they will continue to make money by manipulating the market, and this risk will continue to be high. We like adoption, and we like investors to make it possible, but this will not happen without the government overseeing bitcoin and the entire crypto space.

[vintages]

So far, Bitcoin has showed what it can do even without the influence of a higher authority and nothing will stop it if it continues to be.
So therefore, it strength is guaranteed but having a stable price may not be a sure one...
Moreover, whatever issue the USA is having with China will not affect Bitcoin. Bitcoin is not specified or owned by either of the two countries.

[Lanatsa]

So far, Bitcoin has showed what it can do even without the influence of a higher authority and nothing will stop it if it continues to be.
So therefore, it strength is guaranteed but having a stable price may not be a sure one...
Moreover, whatever issue the USA is having with China will not affect Bitcoin. Bitcoin is not specified or owned by either of the two countries.

It isn't really affected by any political or outside issues regarding into its price.It can stand alone without the need of institutional support.

Stability?It wont fit out yet one of the strongest asset of Bitcoin is on its price volatility.Price movements is on what most people do likes yet they do able to make
money with these movements.If this one comes stable then I doubt that the support would lessen up.

[sana54210]

I still don't know the clear status of bitcoin in China because how it is possible to the miners to sustain their when their country opposes it so I guess there is not the complete ban for bitcoin in china but the topic is about the US and China's trade war will affect the prices and yes it will have impact but the country which adopts bitcoin might get the strength and other will lose.

When it comes to media, you know they like to throw lots of shits to the public that are not even genuine or true, it was same media that I heard that a day has been picked for them to ban miners, and then till date, nothing has been done or said about it, and I would not be surprised today if you go to china and you ask the president about cryptocurrency, he might not have even heard of it, people like to formulate news that are not true a lot.

Look at India, I learnt through a mate’s comment that the judge ask why they didn’t allow government to be the one that will have problem with crypto, does that mean that their government never even had issue with it, and here on media we had that government has planned to ban it?

[elisabetheva]

At the moment I have not seen the correlation of economic war (US and China) with the impact that will occur with bitcoin.
because so far bitcoin has been able to stand alone even though there was a plan to boycott bitcoin. bitcoin is still too strong to experience things like this.

[target]

Indirectly the economic war will indirectly affect BTC. For one, the usual btc investor might not try to buy when crisis is happening.
When countries experience crisis the citizens don't panic to buy gold not bitcoin to store their wealth, they all just stick to what they use to. I wouldn't move my money to BTC if there will be crisis in my country, all the more that I need the fiat because banks are not easy to access by that time.

[MonsterV]

Perhaps a few people would look into bitcoin though I don't think that at this point, people are that confident to trust most of their assets in a relatively unstable currency and use as a hedge on a devaluing fiat. Most people are still believing in the power of their government to turnaround whatever economic crisis are they experiencing right now and I don't think it'll be a different story any time soon. Bitcoin can also be a target of law enforcement should they find out that it is being used to evade economic sanctions, and we all know what would it be like once that happens.

Law enforcement target? in fact there are already countries that encourage use bitcoin to avoid economic sanctions. Look at Venezuelan government which is now starting to adopt bitcoin to improve economy their country, and even now increase in volume bitcoin in that country is increasing. So far no international law enforcement has tried them, because law of bitcoin is still gray. So there is no reason law enforcement must sanction any government because bitcoin does not yet have clear regulations in international world.

[oxgroth]

There are absolutely no stability in crypto. Last financical drop cause also drop in crypto but nobody knows that will happen now

[adzino]

To what extent will the economic war (between the US and China) affect its future impact on the bitcoin?
Will these countries resort to bitcoin to maintain their economic strength?  And avoid economic sanctions among them?
Will Bitcoin succeed in maintaining its strength and stability as it is not under central authority?

I am just wondering how you are comparing economic war (that is the sanction) with the price of bitcoin. You need to have a better understanding of economic sanction, then you will understand why i said this. Economic sanction means imposing trade barriers between two countries. This does not only mean ban of transactions between countries. If there is an embargo, then no way products can be transferred from one country to another country. I mean imports and exports will be strictly banned through any means of transportation. If this occur, how is bitcoin going to help in this case?

[TheCoinGrabber]

Well, didn't Trump just recently announced plans for a retaliatory tariff on Chinese products (again)? I think this "trade war" can affect bitcoin based on what people perceive is happening rather than what really is. If more people fear their money could become worthless in fiat, they'd find ways to save it, be it metals or crypto. At the same time, that fear could also cause people to NOT inject new money into cryptos.

[beerlover]

If Americans elect trump for another term that means they are really idiots. First of all anyone who has seen what has happened to economy and what has happened with freedom of press and many other stuff would easily understand that Trump is not doing well for the country, that is obvious and it affects the whole country plus worldwide as well.

Let's not forget that he is an idiot and a crook as well, he has done stuff enough to be jailed after his term is done yet Americans allow him to continue running their country, we are talking about a whole nation and its politicians being fine with a criminal at presidency. All these things considered if he is picked once again it doesn't matter who is facing against, he can face you or me and still should lose but if he wins than the world is simple screwed.

[1Referee]

First of all anyone who has seen what has happened to economy and what has happened with freedom of press and many other stuff would easily understand that Trump is not doing well for the country, that is obvious and it affects the whole country plus worldwide as well.

I don't think Trump is responsible for everything people blame him for. Fact of the matter is that the US was going downhill in some aspects before he was even elected as president. People point at Trump because the situation is seemingly getting worse within his term as president, while I am sure that if we had a different president the outcome would still be the same.

Regarding freedom of press, what has changed that you think is Trump's fault? If there is less freedom of press today, then it's more so related to the social justice warrior attitude that seems to be spreading like a virus globally.

[Rozita]

To what extent will the economic war (between the US and China) affect its future impact on the bitcoin?
Will these countries resort to bitcoin to maintain their economic strength?  And avoid economic sanctions among them?
Will Bitcoin succeed in maintaining its strength and stability as it is not under central authority?

I am just wondering how you are comparing economic war (that is the sanction) with the price of bitcoin. You need to have a better understanding of economic sanction, then you will understand why i said this. Economic sanction means imposing trade barriers between two countries. This does not only mean ban of transactions between countries. If there is an embargo, then no way products can be transferred from one country to another country. I mean imports and exports will be strictly banned through any means of transportation. If this occur, how is bitcoin going to help in this case?

I think bitcoin is helpful for a sanctioned country. Bitcoin cannot solve all the problems of a sanctioned country. But at least it can simplify evading sanctions. Usually bank sanctions are the most strict sanctions. All bank transactions are traced by United States government. But the government is not able to trace every transportation. The biggest difficulty of a sanctioned country is evading bank sanctions.
If sanctioned are imposed to country, no bank will make the transactions for what they buy or sell. If this problem is solved, be sure they will find a way to shift the goods overseas. Countries usually do not sell goods to sanctioned countries, because they cannot be paid. If they can be paid, be sure they themselves help the sanctioned country shift them.  

[BitHodler]

If more people fear their money could become worthless in fiat, they'd find ways to save it, be it metals or crypto. At the same time, that fear could also cause people to NOT inject new money into cryptos.

I think the more likely scenario is that people do not touch crypto at all, and why would they? Most of the riskier assets like stocks will be sold off hard, so if people do that, why would they pump money in crypto instead of taking it out?

People can hype up Bitcoin as much as they want, and to some extent I can understand all that, but our thinking doesn't align with how the rest of the no-coiner world thinks. It's something people here shouldn't underestimate.

Most no-coiners just can't get to understand why Bitcoin is worth $10k without anything really backing it. It's healthy skepticism if you take into consideration that they are used to government issued fiat and stocks with an underlying business