This topic is too untargeted. I didn’t say which country’s government policies are beneficial to cryptocurrency, otherwise I don’t know where to start.
However, the national government's policies have always had a great impact on the encryption field. For example, a small country in El Salvador uses Bitcoin as a payment currency. Although El Salvador is a small country, its influence on the international stage is still great.
If it is a favorable policy for the cryptocurrency market, it will definitely cause the market trend to rise. Of course, unfavorable news can also cause market panic.
Topic: Government policies help to grow the price of bitcoin - page 2. (Read 857 times)
Crypto currency round the world has come to stay, to foster growth in business and build trust among its users but most world leaders are head bent on tackling bitcoin by making difficult policies to affect its stability, but little do they know that this policies of theirs make bitcoin to become more influential among other crypto ,making it scarce and the most sought after crypto currency thereby making the few people that have it to hod and inflate the price to which ever amount they wish to sale on peer to peer bases...what do you think
I didn't understand what you mean at all. Politicians' policy to make bitcoin the most demanded currency? But it was before politicians, Bitcoin was the most coveted and remains now, if we take things in general. Although I personally find it difficult to come up with a use for it in the future without a speculative nature.
I didn't understand what you mean at all. Politicians' policy to make bitcoin the most demanded currency?
Their policies have given bitcoin more exposure than the policy that's intended to shorten the space of bitcoin to their countries.But it was before politicians, Bitcoin was the most coveted and remains now, if we take things in general. Although I personally find it difficult to come up with a use for it in the future without a speculative nature.
I don't find anything hard on it for using it now. So if it's easy to use it right now then there's no problem in the future that on how we're going to use bitcoin. It's already there and various use that it can done by us.
Crypto currency round the world has come to stay, to foster growth in business and build trust among its users but most world leaders are head bent on tackling bitcoin by making difficult policies to affect its stability, but little do they know that this policies of theirs make bitcoin to become more influential among other crypto ,making it scarce and the most sought after crypto currency thereby making the few people that have it to hod and inflate the price to which ever amount they wish to sale on peer to peer bases...what do you think
I didn't understand what you mean at all. Politicians' policy to make bitcoin the most demanded currency?
But it was before politicians, Bitcoin was the most coveted and remains now, if we take things in general. Although I personally find it difficult to come up with a use for it in the future without a speculative nature.
I couldn't agree with you more. Here's what I think, Bitcoin is a Phoenix. It will always rise above the ashes (government policies). The cryptocurrency market grew from a $1.5 billion market capitalization in early 2013 to over $795 billion in January 2018 despite the regulatory attempts by several governments. I mean, see the good Bitcoin and cryptocurrency is doing in El Salvador, in Cuba, Nigeria and in India (in fighting covid-19). It's super important to note that the saying, "if you can't beat them join them" is the reason why several governments are trying to introduce their own central bank digital currency (CBDC)
Global Charts – Total Market Capitalization, COINMARKETCAP, https://coinmarketcap.com/charts/ (last visited Jan. 11, 2018).
Global Charts – Total Market Capitalization, COINMARKETCAP, https://coinmarketcap.com/charts/ (last visited Jan. 11, 2018).
Government keep on pushing the cryptocurrency away, thinking they'll be able to control its widespread. They are not aware that they are actually helping it prosper by their policies and regulations. In fact, because of their blatant rejection of crypto, it has gained attention from the media. There are news and articles circulating online about what cryptocurrency is and its potential. This makes the crowd draw their concentration to what it has to offer, leading to more users and investors in cryptocurrency.
Bitcoin can't be manipulated and be enclosed inside the box by anyone else. It will surely bloom and thrive sooner or later. Government can do nothing about it. The more they hamper its growth, the more it will persist to soar.
I do not think as pessimistic as you do. I mean sure there are nations that has banned bitcoin, banned mining, banned whatever related to crypto and those nations do make it harder for us to buy crypto if we are in that nation. However look at USA and European nations, those places are basically just doing whatever they want to and that is the important part, if they really want to they could have banned it as well and they did not, now they are even supporting it.Bitcoin can't be manipulated and be enclosed inside the box by anyone else. It will surely bloom and thrive sooner or later. Government can do nothing about it. The more they hamper its growth, the more it will persist to soar.
So that means even though there are few nations that do not look kindly on bitcoin, there are more nations that support crypto revolution and regulate it very well so that is a good thing. I am not saying that what the other nations are doing would be good, banning it is very bad for us, but if we just look at the bad side we will see bad things, if we can also look at the good nations we can be optimistic about it.
Policies made by bitcoin suppressing countries are not always bad, possibly with these policies making bitcoin and crypto miners more innovative for crypto developments in the future.
Government keep on pushing the cryptocurrency away, thinking they'll be able to control its widespread. They are not aware that they are actually helping it prosper by their policies and regulations. In fact, because of their blatant rejection of crypto, it has gained attention from the media. There are news and articles circulating online about what cryptocurrency is and its potential. This makes the crowd draw their concentration to what it has to offer, leading to more users and investors in cryptocurrency.
Bitcoin can't be manipulated and be enclosed inside the box by anyone else. It will surely bloom and thrive sooner or later. Government can do nothing about it. The more they hamper its growth, the more it will persist to soar.
I do not think as pessimistic as you do. I mean sure there are nations that has banned bitcoin, banned mining, banned whatever related to crypto and those nations do make it harder for us to buy crypto if we are in that nation. However look at USA and European nations, those places are basically just doing whatever they want to and that is the important part, if they really want to they could have banned it as well and they did not, now they are even supporting it.Bitcoin can't be manipulated and be enclosed inside the box by anyone else. It will surely bloom and thrive sooner or later. Government can do nothing about it. The more they hamper its growth, the more it will persist to soar.
So that means even though there are few nations that do not look kindly on bitcoin, there are more nations that support crypto revolution and regulate it very well so that is a good thing. I am not saying that what the other nations are doing would be good, banning it is very bad for us, but if we just look at the bad side we will see bad things, if we can also look at the good nations we can be optimistic about it.
government policies that can help grow the price of bitcoin are only policies that have a positive side to bitcoin such as examples of countries legalizing crypto. it has a positive effect for crypto especially bitcoin because global responds well, so don't expect bitcoin price to grow if the government has rules that hinder bitcoin. even though bitcoin is completely unregulated by the state but it is bound to be hampered
Legalization is just a way of bringing bitcoin to a certain level of publicity, sometimes it doesn't have too much of an impact because even without legalization, Bitcoin can also rise in the most natural way, look at which bitcoin is rising right now, all are magic at the hands of all of us, governments are also unstoppable. Policy is just too old topics, if they come up with strategies that will probably help the value of bitcoin more, establishing such public regimes, obviously making no sense. Crypto currency round the world has come to stay, to foster growth in business and build trust among its users but most world leaders are head bent on tackling bitcoin by making difficult policies to affect its stability, but little do they know that this policies of theirs make bitcoin to become more influential among other crypto ,making it scarce and the most sought after crypto currency thereby making the few people that have it to hod and inflate the price to which ever amount they wish to sale on peer to peer bases...what do you think
Well, you’re kinda correct. But I don’t think any one of us would like to be living in a country where the government has banned cryptocurrency. That’s not the kind of place I would like to live in. But whether they ban it or not, the price of cryptocurrencies will always grow. I think the governments are the ones that are losing in this case. And also because people can still buy and sell it by using peer to peer, so what sense is it going to make when they ban it?My next reason for saying that the government is losing is this: when there is a law that allows the growth of cryptocurrency in the country, there will be companies that will get into it, and the ones that are already existing will expand to it, and that means more job opportunities and also growth, the government will as well receive taxes from these companies.
To date, in most cases, the government has not taken any steps to legalize the cryptocurrency, as well as to adopt the relevant legislation for the legal regulation of the cryptocurrency industry. After all, it is these steps that can positively affect the growth of Bitcoin and other cryptocurrencies. But today we see only different attacks by governments, as well as statements by certain officials who cover the entire cryptocurrency market with a negative shadow, and such facts always negatively affect the rate of cryptocurrencies.
government policies that can help grow the price of bitcoin are only policies that have a positive side to bitcoin such as examples of countries legalizing crypto. it has a positive effect for crypto especially bitcoin because global responds well, so don't expect bitcoin price to grow if the government has rules that hinder bitcoin. even though bitcoin is completely unregulated by the state but it is bound to be hampered
Crypto currency round the world has come to stay, to foster growth in business and build trust among its users but most world leaders are head bent on tackling bitcoin by making difficult policies to affect its stability, but little do they know that this policies of theirs make bitcoin to become more influential among other crypto ,making it scarce and the most sought after crypto currency thereby making the few people that have it to hod and inflate the price to which ever amount they wish to sale on peer to peer bases...what do you think
I agree on what you stated. Government keep on pushing the cryptocurrency away, thinking they'll be able to control its widespread. They are not aware that they are actually helping it prosper by their policies and regulations. In fact, because of their blatant rejection of crypto, it has gained attention from the media. There are news and articles circulating online about what cryptocurrency is and its potential. This makes the crowd draw their concentration to what it has to offer, leading to more users and investors in cryptocurrency.
Bitcoin can't be manipulated and be enclosed inside the box by anyone else. It will surely bloom and thrive sooner or later. Government can do nothing about it. The more they hamper its growth, the more it will persist to soar.
~
~Your observation makes sense, because nowadays it is increasingly difficult to hide the proceeds of crime. And some corrupt government officials
might launder their money by buying Bitcoin. Therefore some countries are still hesitant to legalize Bitcoin, but Bitcoin transactions should be easy
to trace if it is true that corrupt money is bought Bitcoin. Because transactions with Bitcoin are transparent and traceable via the blockchain network,
or some countries are not yet good at the cyber crime division in tracking crimes in the online world.
I guess we cannot do anything on that. Some governments are going too ease against cryptocurrencies but most others are planning something which may be excessive regulation or may not.
The government may still be planning a centralization for bitcoin, but they don't have the power to do so. KYC is one of the rule that is imposed on every user who is subject to government regulation and that is how they control abuse. Right now, I don't think the government will impose stricter rule on bitcoin. It may cost them no income tax benefit. However, everything is still possible if the bitcoin abuse continues to increase from year to year. 
[...]
You don't have to worry about it for at least another 10 years ... since tax control in this case will apply only to those who have passed KYC, which means that the exchanges will have to work closely with the tax authorities. Knowing this, an ordinary ordinary user will bypass such Exchanges, which of course will negatively affect their business, (you can be content with the existing tax rules, giving away a certain percentage of the assets only after conversion into the national currency). 
boost in some country, not all country. some of them just take money from like tax for crypto user. they admit how strong bitcoin, but no action for future. and im not sure if they can make bigger it price from that 'policy'.
Taxation is the only way a government may benefit out of cryptocurrencies. I agree only few countries so far took positive stand against bitcoins and other cryptocurrencies but if you notice where governments are in negative stand then there bitcoin prices are soaring.I speculate most governments will decide about their policy against cryptocurrencies when it will become too big and too strong until then they may not bother it.
i prefer a not excessive regulation for crypto so it could keep cryptocurrency at the right direction while not causing burden to the people who uses it.
I guess we cannot do anything on that. Some governments are going too ease against cryptocurrencies but most others are planning something which may be excessive regulation or may not. 
doubt, i know it makes crypto in general looks a lot more legit than being left unregulated but too excessive regulation that gives strict rules to crypto users in general also could have a huge backlash to bitcoin community overall, the tax on capital gains that was proposed earlier this before this month could already shake the market into dumping about 10% you can imagine if the government trying to corner crypto users it could have bad effect overall in the long term, i prefer a not excessive regulation for crypto so it could keep cryptocurrency at the right direction while not causing burden to the people who uses it.
Yeah, Bitcoin will be fully accepted across the world, some countries might not ready to accept Bitcoin but eventually, their mind will change as every country accept it, to put it simply it is just a matter of time they could impose some regulations, of course, like imposing a tax or something.
You are bound to pay your taxes for the money you earn through cryptocurrency and there is way around that unless you are making direct cash deals which is highly risky and regulating the market means the exchanges that are run should be regulated and monitored so that they are held responsible for their actions and we wont hear about exchange owners running away with the money.They hate crypto because they cannot able to control but I do believe that some of them even use it for their personal gains cause we know how much really it can provide. Besides even if they impose a ban on it there will be still some ways to access it that is why crypto adaptation is inevitable.
A government can regulate the market and it is possible for them to monitor the exchanges running in their country and since all of the exchanges have mandatory KYC it is impossible to hide behind a change address. What i am trying to tell is that basically if a government wants they can control the market up to an extend especially for the transaction taking place in their jurisdiction. Maybe on the one hand government officials use bad funds to invest in bitcoin and they safely keep it quietly so as not to be traced. So they strongly oppose the existence of bitcoin because it will take away their paradise in saving money and investing. [...]
Perhaps in some Western European countries it is, but if we consider the average corrupt official on a global scale, then this statement is incorrect. The thing is that the political system of most countries lags behind the leading countries of the world by 20-50 years. This is one of the reasons why such officials care little about the situation with surveillance and regulation of cryptocurrencies, since by the time the law really works, they will all be retired long ago. 
~
In fact, since the beginning the government has always opposed the presence of Bitcoin, even the government is trying to kill Bitcoin, so as not to endanger fiat. The government does it all because they are frustrated that they cannot control Bitcoin, therefore some countries
choose to reject Bitcoin, by deeming Bitcoin illegal. But there have been many attempts by the government to make Bitcoin look bad and hope
Bitcoin dies, but unfortunately Bitcoin has survived until now. Even the price of Bitcoin is getting more expensive and the demand is getting higher.
So finally some countries started realizing that it was impossible to beat Bitcoin, eventually some countries started accepting Bitcoin with
certain limits, for example only accepting Bitcoin as a digital asset. But this has been very good progress, I even believe that in the future
all countries will accept Bitcoin.
Maybe it will take several decades for Bitcoin to be accepted by all countries in the world, because currently there are still many countries that
are not ready to accept Bitcoin. And I agree with you, some government officials must be secretly investing in Bitcoin for personal gain.
Because surely these government officials know the potential profit that Bitcoin can generate is enormous. But they do it secretly, this is one of
the advantages of Bitcoin, we don't need to give our identity to buy Bitcoin.
Jump to: