How much damage can the Trump administration do to Bitcoin?

[yhiaali3]

I do not think that you should worry and withdraw your coins, there is nothing to be afraid of on Bitcoin, I do not know the impact of this news on the recent decline of Bitcoin, but what I know is that I fully believe in Bitcoin and believe that he will succeed in overcoming all difficulties as it always did in the past. During it's short history, Bitcoin led to many difficulties, but he managed to overcome them all and stand up to them. Therefore, I am completely convinced that we will succeed in overcoming all of that.

[coolcoinz]

They had years to do something and they failed. There's really no point in trying to damage something that isn't trying to damage you, especially when you're leaving the office.
Trump is saying bye bye to the White House and he's busy protesting and saying that the election was a fraud. Bitcoin is not even a blip on his radar.

[Ayiranorea]

Trump administration might've got different plans for the cryptocurrency, but after the election results Trump might've planned something to make the upcoming government suffer out of the issue. Fortunately through bitcoin and the cryptocurrency legalizing nothing can be done at the moment. So we can confirm that Trump administration can't do any damage to the bitcoin anymore.

[MhhlCrypto]

Hi,

I was just wondering what you think about the recent crash, how it relates to the rumours about government regulations in America and what actions you will be taking over the coming months if strict regulations are announced?

We don't have to worry , as you know Bitcoin is Not controlled
By any government, you just have to be your own bank
Even if USA try to restrict the use of Crypto but the whole world can't stop using it.

Is it time to pull our money out of Crypto for now while we wait and see what regulations are going to be announced?

https://cryptonews.net/423856/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

[Bergkampsballs]

They had years to do something and they failed. There's really no point in trying to damage something that isn't trying to damage you, especially when you're leaving the office.
Trump is saying bye bye to the White House and he's busy protesting and saying that the election was a fraud. Bitcoin is not even a blip on his radar.

Valid point, it probably hasn't even crossed their minds.

Why people are really fan on connecting dots which arent supposedly to be relevant at all? No government or administration will affect or would able to do something to Bitcoin.
Just like on what had mentioned that imagine on how Chinese government did really make such attempt but they did fail. Bitcoin is too big to fail and to be controlled even
though it might be connected into some fundamentals or news or happenings but doesnt mean that it will completely be controlled by it.

I also don't understand why they would connect everything to Bitcoin price maybe next time when a well known actor or even politician died and the price collapse they would say that it is connected,
The person who died pulled the price down dragging it .

It's due to lack of experience. I was concerned about this so asked the question but the answers in this post have taught me that I need not be.

[Shasha80]

The American government can not regulate bitcoin.
Believe me, bitcoin is not that easy to be affected by any news. Even if it’s news from a very influential country though. We know America is a superpower,
but if we look at it all the time, for bitcoin it’s just a wind that blows and can’t make bitcoin fall. We can see the evidence today,
if bitcoin is increasingly needed by many people.
Eventually, bitcoin will return to growth and continue to grow. So there is no need to secure assets by withdrawing your bitcoin.

[Swordsoffreedom]

~
I was just wondering what you think about the recent crash, how it relates to the rumours about government regulations in America and what actions you will be taking over the coming months if strict regulations are announced?

The crash is natural, no govt is responsible for this.

The price of BTC reached ATH within 4 weeks, and the market reached at oversold zone, it is not strange having a Trend Reversal attempt. If you look at last week's MACD Histogram, you can see a solid Bearish signal, RSI also gave us the Price Reversal Signal.

What about the current situation? The market is pretty much fixed and The Price is Bounced from 16000 Support zone, It is a great buying opportunity for making long positions. If the market able to hold 16000 support zone during this week then we will get another attempt to break 20K Resistance.