Factors affecting bitcoin business

[nightrider]

Bitcoin is a digital currency of great value. Bitcoin value is always changing rapidly. Factors affecting bitcoin trading.
1. Supply and demand.
2. Communication.
3. Political change.
4. Changes in government regulations.
5. Changes in the rules of bitcoin.

[1715021781]

1715021781

[Hippocrypto]

The major factors affecting bitcoin are :

Change in government - it's simply means when another government enter there's will be reduction or addition of some policies.

Political instability - when political system in the country is not stable, everything will get down.

Negative news and other economic threats is the struggling point of bitcoin business, that's why people who's in panic tend to rant everytime there's a downfall. The only thing that we need now is determination and faith towards our every goals on finances, because if you're not motivated you're easily get discouraged. We should educate ourselves and learning process must be on focus to avoid losing control when pressures come.

[Kong Hey Pakboy]

Bitcoin is a digital currency of great value. Bitcoin value is always changing rapidly. Factors affecting bitcoin trading.
1. Supply and demand.
2. Communication.
3. Political change.
4. Changes in government regulations.
5. Changes in the rules of bitcoin.

Well, OP isn't talking about trading so I don't see where you're getting at, you might be right about it though but your answers not in the right thread. For businesses, I don't think that communication is a problem because most businesses built in a region would probably speak the same language. Your number 3 and 4 are soewhat redundant.

[isaac_clarke22]

~

Not at all times. Remember the El Salvador news? The government there just went all-in and recognized Bitcoin as a legal tender. Pretty sure that there was a lot of adoption there that is why it was now recognized as a legal tender.

Even if government decides to ban crypto, people still have the means to use VPNs to trade cryptos around the internet or even browse anonymously using Tor. P2P is worth mentioning as well.
Do not let the government make you paranoid too much making Bitcoin "fall".
Dunno why my other replies here got moderated.

[zanezane]

It not only impacts bitcoin but on the entire business industry, for now and it looks like that all industries will be under political power, I know that cryptocurrencies have a decentralized nature that can all develop them, and cannot be technologically controlled, but bitcoin has a fragile price, which is easy to get carried away with the media.

Well, the government is an all encompassing entity that whether we like it or not, controls the country and anything that's involved in it so it won't be a surprise that bitcoin is being attempted to be controlled by them because if you give people freedom like this, they won't need the government that much and they will hold less power over the population.

[michellee]

~

Not at all times. Remember the El Salvador news? The government there just went all-in and recognized Bitcoin as a legal tender. Pretty sure that there was a lot of adoption there that is why it was now recognized as a legal tender.

Even if government decides to ban crypto, people still have the means to use VPNs to trade cryptos around the internet or even browse anonymously using Tor. P2P is worth mentioning as well.
Do not let the government make you paranoid too much making Bitcoin "fall".
Dunno why my other replies here got moderated.

El Salvador has an open mind accepting bitcoin and we appreciate it and hopefully, the other country will do the same as that country. I am sure that a lot of adoption and bitcoin will be recognized as legal tender. We can wait for which country will be the next El Salvador and follow that country.

The government's decision can impact the bitcoin price because their people use bitcoin to make money. If their people know about the prohibition from their government, people will panic and save their money in exchange and get back to their country. But we need to wait for more.

[BIT-BENDER]

Factors affecting bitcoin to me are
+ Technical education
+ scammers, and project mismanagement
+ Laws and banks unacceptance
+ Expectations of +Newbies- this is a Factor because if this expectations fall-short they flee-away
+  Exchanges tragedies/hacks
+ The unknown identity of the person you doing business with, -thats if it's at random-
This are Factors that affect bitcoin business negatively because that to me is what your post is exposing

[CryptopreneurBrainboss]

The major factors affecting bitcoin are

Pretty sure you meant Bitcoin businesses and not Bitcoin itself as the title of your thread suggested because the factors you mentioned above can't have a direct effect on bitcoin as it isn't centralized like the other currency out there that the government of the day can easily manipulate.

Already it's not a news that bitcoin isn't owned by any government which is why it has no direct correlation with the government of the day or political stability of the country though this can have effect on all business and not just those associated with bitcoin.

Assuming the discussion was focused on factor affecting Bitcoin itself and not business associated with it then the demand and supply factor has to be the priority here before other factors can come into discussion.

[Ryker1]

Factors affecting bitcoin to me are
+ Technical education
+ scammers, and project mismanagement
+ Laws and banks unacceptance
+ Expectations of +Newbies- this is a Factor because if this expectations fall-short they flee-away
+  Exchanges tragedies/hacks
+ The unknown identity of the person you doing business with, -thats if it's at random-
This are Factors that affect bitcoin business negatively because that to me is what your post is exposing

Well, you have a point on this and all of these are negative side effects on bitcoin or the dark level side. It is also followed by technical education and most people don't have knows technically how bitcoin works and use. The last one is prone to fraud and criminal activities and also everyone will perhaps a tax-free when they are using cryptocurrency online. And the last one is unregulated so there is no tax that can be implemented. However, why people are thinking about the negative side of bitcoin instead of adopting this.

[dunfida]

The major factors affecting bitcoin are :

Change in government - it's simply means when another government enter there's will be reduction or addition of some policies.

Political instability - when political system in the country is not stable, everything will get down.

Adding up since we do talk business;

-Peoples demand
-Been patch up with newer ideas or better product.

Regulation or government intervention is most like since you've been  dealing with decentralized thing which it isnt a surprise.
So better prepared yourself on that one.

[dificanovi]

The major factors affecting bitcoin are :

Change in government - it's simply means when another government enter there's will be reduction or addition of some policies.

Political instability - when political system in the country is not stable, everything will get down.

If this factor occurs then the price of bitcoin will not fall very far and will even rise again very quickly.
This factor has little effect on the decline in bitcoin prices, in my opinion the most influential factor on bitcoin prices are investors who buy bitcoins at very low prices so that sellers cannot sell their bitcoins at high prices.

[TheUltraElite]

Change in government - it's simply means when another government enter there's will be reduction or addition of some policies.

Applies to all economic sectors. Why bitcoin only? As a matter of fact, use of bitcoin on a country basis is still small and so the policy affecting bitcoin would be small too. Moreover, government leaders dont change policies immediately, they do some cost-benefit check before changing them.

Political instability - when political system in the country is not stable, everything will get down.

Yeah the electricity will also go down making bitcoin useless. Are we talking about absolutes or variables?

The biggest factor is neither of the above, it is Demand/supple ratio. If people want to do shopping with bitcoin, a bitcoin based business will flourish, because the government is not controlling bitcoin, though it would help a lot of they make it legal.

[indo1]

Politics really affects the bitcoin business, because bitcoin is quite dependent on the regulation of a country. The restriction of bitcoin by a regulation makes its price fall considerably, and vice versa, will soon rise when it gains the trust of the government.

[Jasper HODL]

The major factors affecting bitcoin are :

Change in government - it's simply means when another government enter there's will be reduction or addition of some policies.

Political instability - when political system in the country is not stable, everything will get down.

I don’t agree with you. In fact, it is very difficult for the government to influence Bitcoin.

Maybe the government's policy will make the price of Bitcoin fall like China, but it cannot affect Bitcoin itself. The inherent properties of Bitcoin will not be affected, and no one can influence or change them. The last thing I worry about is the government, because Bitcoin is not for the government.

[michellee]

we can not imagine if there will be many countries that will use bitcoin, of course it will make bitcoin a very attractive asset. if we saw yesterday that an elon musk can influence many traders, of course the power of the state will be greater, and it will be even greater if more countries follow elsalvador's footsteps

Maybe the bitcoin price will not too fluctuate at that time because bitcoin will get big support from the country, especially if a big country can accept bitcoin. There is no room for people like Elon to manipulate the price, especially to moves bitcoin but they can manipulate the low price coin because they have the resources to do that. Besides that, they already did that before so they will use different methods to move the market.

Bitcoin itself will become stronger as many countries support and maybe bitcoin will be like gold in digital currency.

[suzanne5223]

Bitcoin is a digital currency of great value. Bitcoin value is always changing rapidly. Factors affecting bitcoin trading.
1. Supply and demand.
2. Communication.
3. Political change.
4. Changes in government regulations.
5. Changes in the rules of bitcoin.

I believe the only factors that's influencing Bitcoin business are just the stated point in the 1-3, 3 and 4 are actually the same thing while the change in the rules of Bitcoin (which I believe is Bitcoin protocol) is decided by the community and could only yield positive influence on the Bitcoin businesses.

[TheUltraElite]

Politics really affects the bitcoin business, because bitcoin is quite dependent on the regulation of a country. The restriction of bitcoin by a regulation makes its price fall considerably, and vice versa, will soon rise when it gains the trust of the government.

Sadly yes, but you can can see similarity with the fiat markets, they too get a lot of movement when the political situation becomes unstable or something good or bad happens. Even they are regulated but they also face the burnt, so I think the effect evens out for both crypto and fiat markets.

I believe the only factors that's influencing Bitcoin business are just the stated point in the 1-3, 3 and 4 are actually the same thing while the change in the rules of Bitcoin (which I believe is Bitcoin protocol) is decided by the community and could only yield positive influence on the Bitcoin businesses.

Change is the rules - I can think of the SegWit debate and it was for the good only but it faced a lot of empty criticism even so much that some people, opportunistic people I say, seized the chance to start their own forks of bitcoin calling the original bitcoin as a copy cat. But then again this a rare thing happened once a decade. Halving- yes that has a temporary movement on the market.

But these things only have positive impacts on businesses. Because they are solving problems not creating them.

[awik p]

we can not imagine if there will be many countries that will use bitcoin, of course it will make bitcoin a very attractive asset. if we saw yesterday that an elon musk can influence many traders, of course the power of the state will be greater, and it will be even greater if more countries follow elsalvador's footsteps

Maybe the bitcoin price will not too fluctuate at that time because bitcoin will get big support from the country, especially if a big country can accept bitcoin. There is no room for people like Elon to manipulate the price, especially to moves bitcoin but they can manipulate the low price coin because they have the resources to do that. Besides that, they already did that before so they will use different methods to move the market.

Bitcoin itself will become stronger as many countries support and maybe bitcoin will be like gold in digital currency.

right, the presence of the state will make bitcoin fluctuations not as high as they are today, where people with money power and influence can influence the community and finally do what he wants like ellon. Indeed, in a pump and dump situation there are many people who benefit, but there are also many people who are frustrated by it. therefore with the current conditions, we must be good at using moment

[Tessnik]

we can not imagine if there will be many countries that will use bitcoin, of course it will make bitcoin a very attractive asset. if we saw yesterday that an elon musk can influence many traders, of course the power of the state will be greater, and it will be even greater if more countries follow elsalvador's footsteps

Maybe the bitcoin price will not too fluctuate at that time because bitcoin will get big support from the country, especially if a big country can accept bitcoin. There is no room for people like Elon to manipulate the price, especially to moves bitcoin but they can manipulate the low price coin because they have the resources to do that. Besides that, they already did that before so they will use different methods to move the market.

Bitcoin itself will become stronger as many countries support and maybe bitcoin will be like gold in digital currency.

right, the presence of the state will make bitcoin fluctuations not as high as they are today, where people with money power and influence can influence the community and finally do what he wants like ellon. Indeed, in a pump and dump situation there are many people who benefit, but there are also many people who are frustrated by it. therefore with the current conditions, we must be good at using moment

You are right to some extent because the government may not be able to regulate the pump and dump of the Bitcoin market by an influential individual, the government may not do that but rather concentrate on tax collection and crime watch.

[boyptc]

You are right to some extent because the government may not be able to regulate the pump and dump of the Bitcoin market by an influential individual, the government may not do that but rather concentrate on tax collection and crime watch.

Bitcoin's market is an unregulated market, there's no way the government can do something with that as it is a decentralized market. Even how hard they try to regulate the exchanges and other crypto businesses.

They just can't regulate the market itself and that's why it's prone to some movement being done by influential people.