Topic: Does Regulation Attempt affects the Bitcoin Price? - page 3. (Read 416 times)
It falls in response to regulation news in the short term, but in the long term we will need regulation if it's ever going to truly gain mass appeal and be the kind of thing that people can invest in their 401k's.
110% correct you are, whether the news is positive or negative the markets always react. Take a couple weeks back for example when South Asian countries were saying they weren't going to ban cryptocurrencies and thought the tech was interesting, the markets reacted by going further down. It wasn't until the SEC sent out a bullish sentiment did the markets recover so yeah suffice to say the markets react a lot to the mainstream media and regulation news.
With that people don't really want this to be regulated and pursue the current day to day transactions of Bitcoin in the market without interventions of the authorities
I've never been paying that much attention to price before, during and after the possible crypto ban, but surely if some country was to ban crypto, people in that country would go panic selling and probably dump all of their coins from fear. That could probably have some effect on the price but it also depends what country it is, how many btc holders it has.
110% correct you are, whether the news is positive or negative the markets always react. Take a couple weeks back for example when South Asian countries were saying they weren't going to ban cryptocurrencies and thought the tech was interesting, the markets reacted by going further down. It wasn't until the SEC sent out a bullish sentiment did the markets recover so yeah suffice to say the markets react a lot to the mainstream media and regulation news.
I consider myself as newbie to crypto currency, i observed that if there is news regarding regulation of Bitcoin the price fallback will follow.
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