You still think Bitcoin is uncontrollable?

[Cookdata]

The government can only control centralized exchanges and monitor some of the addresses included in those exchange platforms, but they do not have the power to do much more. That is why they cannot control it in any way if they want. Those who use Bitcoin will definitely continue their activities ignoring such restrictions. The government of countries like China has also only restricted it but they have not been able to stop Bitcoin transactions. Any country in the world will be able to do only this. But they will never be able to stop the use and the massive adoption of Bitcoin.

Not if they are been hold against there will. You see one thing about centralized exchanges, many of them are not clean. They have done lots of bad moves that if the government want to shut them then can, if they want to take it personal with them, they can make them pay for their wiring doings. What happened between Binance and US government, if that amount of law suit is place on some other tier exchanges, they can pack up and never return again. If you check very well, there could be other exchanges that might have commit more than Binance but the governments might not be having interests in them, probably due to nepotism.

You have seen many times regulation of Bitcoin has been against by many people, it's because of this nepotism and likely favoritism is why many people don't like to see government involved in Bitcoin, they will make things worse than it may if they want to have interest in the affairs of Bitcoin.

[Onyeeze]

Bitcoin is uncontrollable in a process whereby the basic document of Bitcoin is nowhere to be found, I believe that bitcoin government can't control Bitcoin or influence the market cap of Bitcoin unless the secret is being reviewed to the people, Bitcoin is meant to be decentralized and for it to remain decentralized that means it can't be controlled, the only way it would have being controlled is when Bitcoin happens to be a centralized currency but now it is a decentralized currency that means it will be very difficult before bitcoin can be controlled by the government, the reason why Bitcoin has not dominate the word is because so many countries government is against Bitcoin technology

[Ojinga]

I am not seeing government controlling the overall bitcoin market and the only thing the government has succeeded doing is imposing some regulatory restrictions on bitcoin and this is only possible in some countries and not the entire bitcoin market and funny enough, even in countries where bitcoin has some strict restrictions, people are still buying and holding it and trust me, bitcoin has come to stay and there’s nothing anyone or the government can do to regard it.

Just as every other user has already said, printing more money will drain the country’s economy and if the reason for printing is solely to buy bitcoin, then they will end up skyrocketing the price of bitcoin and that will be a great thing for the holders and causing the economy to suffer which i am sure no country would want to do that.

[NewRanger]

Those who invested emotionally are the ones who have suffered most of the time. I had a friend who is not in the crypto world at the moment but he was eager to buy this bitcoin at one time. Although, for the sake of being my friend, I advised him to be patient and see where the market goes. Since you will not invest by maintaining DCA, if the market trend goes down a little then if you can buy, you will be able to make some profit in a short time. Then he thought that I was giving him false assurances so he invested without hesitation. A few days later, when the market gave a small down, he panicked and left bitcoin with a small loss. Bitcoin is not an investment and crypto space that is driven by emotions. If you invest by analyzing it wisely, that is what happens and if you invest with emotions, it is natural that you will lose.

Never regret your decisions when the price rises in the future, and perhaps we never expected Bitcoin to reach over $150,000 in the future, or even more than it is now. We must move on from this situation, avoid repeating the same mistakes, and start accumulating as much Bitcoin as possible now.

Last night, BTC's price fluctuations were quite significant. Various opinions emerged, some of which were unreasonable. When someone suggested that Bitcoin's price could fall and return to $70,000, they offered a classic reason. Yes, anyone can share their analysis, but not everyone can provide a reason. Moreover, current market conditions are completely different from last year. Investors are currently excited about the BTC price because they can buy it cheaply again.

[Yamifoud]

It is way too far from being controlled by the government. They will impose strict rules across the country, but it won't be enough to manipulate the market price.

Bitcoin remains what it is. The volatility of the market continues as we expected. We could just ask why the price drops when hearing bad news. That is a normal situation. It was not the price of Bitcoin that was affected but other things as well. This is the reason why the government hated Bitcoin before.

But I'm glad to see they started to open their minds and understand its nature. They are now not against Bitcoin but rather giving support.

[Rustam Meraj]

It is way too far from being controlled by the government. They will impose strict rules across the country, but it won't be enough to manipulate the market price.

Bitcoin remains what it is. The volatility of the market continues as we expected. We could just ask why the price drops when hearing bad news. That is a normal situation. It was not the price of Bitcoin that was affected but other things as well. This is the reason why the government hated Bitcoin before.

But I'm glad to see they started to open their minds and understand its nature. They are now not against Bitcoin but rather giving support.

Yes government is not able to control price of Bitcoin despite hard rules on exchanges is absolutely correct, since its basic setup is too spread out. Fact is that price decreases when bad news is told is not that Bitcoin is broken but other that traders are panicking and selling because of fear of regulation or crisis, which is same cause that governments hated Bitcoin in first place because they saw it as uncontrollable power to their financial strength. But it is great way that governments are now thinking again and instead of trying to stop Bitcoin, they are providing help by making rules to protect people and let products such as ETFs, which will make Bitcoin more stable and accepted over time.

[nemesis_incarnate]

It is way too far from being controlled by the government. They will impose strict rules across the country, but it won't be enough to manipulate the market price.

Bitcoin remains what it is. The volatility of the market continues as we expected. We could just ask why the price drops when hearing bad news. That is a normal situation. It was not the price of Bitcoin that was affected but other things as well. This is the reason why the government hated Bitcoin before.

But I'm glad to see they started to open their minds and understand its nature. They are now not against Bitcoin but rather giving support.

They want to profit alongside it, that's all. I don't think they appreciate for it stands for..

[YOSHIE]

Since the government can print money excessively, i believe that this is enough to have power over Bitcoin.

Yes, Bitcoin still cannot be controlled, Bitcoin is not the same as fiat, Bitcoin is only printed in 21 million pieces and the price is high, so no one country's money can control Bitcoin, even though money is printed in large quantities.

You seem to be deceived by your own mind and it seems like you only know a lot if money is printed in large quantities.

Summary, if money is printed in large quantities.

Impact of Printing Too Much Money:
1. The value of money will decrease.
When the government prints large amounts of money, the value of that money falls. This is as quoted from the book 'Introduction to Economics' by Roeskani Sinaga, et al.

2. Causes inflation
Too much money circulating in a country will give rise to inflation. The definition of inflation is an increase in the price of goods or services, which causes the purchasing power of money to decrease.

3. National Debt Appears.
How much money is printed will take into account the amount of money circulating in society. The money printed is not supported by commodities, so government assets do not increase.

So, it is very clear that Bitcoin cannot be conquered by a country that prints large amounts of money, because the value of money could fall and the value of Bitcoin will increase, if that is done.

[Abiky]

It is way too far from being controlled by the government. They will impose strict rules across the country, but it won't be enough to manipulate the market price.

Bitcoin remains what it is. The volatility of the market continues as we expected. We could just ask why the price drops when hearing bad news. That is a normal situation. It was not the price of Bitcoin that was affected but other things as well. This is the reason why the government hated Bitcoin before.

But I'm glad to see they started to open their minds and understand its nature. They are now not against Bitcoin but rather giving support.

If governments hold large amounts of the circulating supply, they will be able to manipulate the market to their hearts' content. Even institutional companies are subject to governments' demands. They can sell Bitcoin in-mass and crash the price whenever they want to.

The only thing that's immune from centralized control would be the core Blockchain network. At least for now. We can begin to worry once governments manage to control 51% of the network's hashrate. The odds are slim, though. We can never tell what will happen in the future. So I'd hope for the best.