Is government the most influential factor that affects Bitcoin price? - page 3.

profitgenerator212

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Quote from: stuffokator on January 23, 2019, 07:17:18 PM

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

There are many different reasons that the price of BTC is affected. Just bad news it will affect BTC and the market crypto a lot. And government is undoubtedly the biggest factor affecting the price of bitcoins both positive and negative. Just like right now, we are waiting for good news from SEC to help the market get better

DisWhale

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Quote from: Finestream on February 06, 2019, 09:40:00 PM

Quote from: Lumi3004 on February 06, 2019, 07:40:28 AM

Government is the main spearhead in trading both official and unofficial shares, so if the government is active in cryptocurrency or bitcoin it is very likely that both prices will rise and also the opposite of bitcoin.

Yes.But on the other hand if a president of a country declares total banning of cryptocurrencies,i think it will not be affected that much because as we see even before bitcoin has maintain its high market value.But it will be more likely profitable on the side of bitcoin if it will be accepted by the government.

The movement of the price of Bitcoin on the market is influenced by many factors and not governments alone. Of course, the governments play an influential part in this because people listen and pay heed to what they say. Other factors which include the hacking of a renowned exchange can also affect the price of Bitcoin and other cryptocurrencies.

reliable

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Quote from: pieppiep on February 05, 2019, 05:33:09 AM

indirectly the government can have an influence on the price of bitcoin in place of exchange by giving bad news about cryptocurrency, and now many have become victims of the fall in cryptocurrency prices because of the government.

Government plays a vital role because it is that authority which can legalize or ban the crypto in the country and if suppose they ban it than the citizens of that country will stay away due to the regulations. this means that millions of citizens move away from the crypto and thus it can influence other country decision too.

maxreish

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Quote from: stuffokator on January 23, 2019, 07:17:18 PM

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Actually, your example is a valid reason to affect the btc's price. That is a serious news and we can also say that government has also a great part to affect the cryptocurrency market. Some may not be convinced about this, but if you can just list down all the reasons why the price is being dragged down, it may take a part.

iMark

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Quote from: Finestream on February 06, 2019, 09:40:00 PM

Quote from: Lumi3004 on February 06, 2019, 07:40:28 AM

Government is the main spearhead in trading both official and unofficial shares, so if the government is active in cryptocurrency or bitcoin it is very likely that both prices will rise and also the opposite of bitcoin.

Yes.But on the other hand if a president of a country declares total banning of cryptocurrencies,i think it will not be affected that much because as we see even before bitcoin has maintain its high market value.But it will be more likely profitable on the side of bitcoin if it will be accepted by the government.

Of course it has a big effect, the market is also being affected by the psychic of investors, when the bitcoin ban is applied there is certainly a disturbed feeling from investors, the worst investors will leave. so I really hope that legalization takes precedence over prohibitions

Finestream

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Quote from: Lumi3004 on February 06, 2019, 07:40:28 AM

Government is the main spearhead in trading both official and unofficial shares, so if the government is active in cryptocurrency or bitcoin it is very likely that both prices will rise and also the opposite of bitcoin.

Yes.But on the other hand if a president of a country declares total banning of cryptocurrencies,i think it will not be affected that much because as we see even before bitcoin has maintain its high market value.But it will be more likely profitable on the side of bitcoin if it will be accepted by the government.

South Park

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Quote from: Sebas.tian on February 03, 2019, 06:46:13 AM

No doubt government influences bitcoin the most. Even now, the price is affected because of the ETF, that is, related to government aiming for regulation to an extent. In fact, at some point where the government of china took a hostile step against crypto, the price was affected.

But the effects of those measures are limited, it is true that when China took steps against this market we saw a decrease in the price but then things went back to normal after some time and the same is true for ETFs, at first the market was very hopeful and when the SEC refused to give their approval the price suffered but after so many rejections people do not care anymore when that happens and the price does not move at all.

Anies_Sandi

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Quote from: stuffokator on January 23, 2019, 07:17:18 PM

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Of course I will keep the bitcoin alive even though the trump prohibits all crypto, because the impact is not too big because the largest holder in the world is in Asia. so if governments like China and Japan prohibit crypto it will only have a major impact on crypto can lose its value

Vinaa77

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Quote from: stuffokator on January 23, 2019, 07:17:18 PM

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

not entirely the government is a factor and full influence because in my opinion the development of crypto currencies depends on the investors themselves, the investor's confidence and the interest of investors to invest will make the development of crypto currencies

Lumi3004

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Government is the main spearhead in trading both official and unofficial shares, so if the government is active in cryptocurrency or bitcoin it is very likely that both prices will rise and also the opposite of bitcoin.

DisWhale

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Governments play a part in the influence of the market but does not have the absolute power which can influence the collapse of the market. People listen and heed to the laws of a country, hence once the government make crypto and Bitcoin illegal, it brings down the demand on the market. The opposite of this concept holds. There are also other factors which influence the market which include the attitude of traders on the market, FUDs, the hacking of a big exchange etc.

BitTraderCute

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Quote from: Koadharber on February 05, 2019, 09:57:44 AM

Quote from: semobo on February 05, 2019, 06:43:24 AM

Quote from: stuffokator on January 23, 2019, 07:17:18 PM

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

EVen if trump or all the prsident of world announces bitcoin to be banned still bitcoin will work but its a big question that people will still use it if there is severe punishemnt for using it but no one is going to ban the crypto currency but yes it will affect the prices only if it is banned everywhere.

No government can stop Bitcoin even they ban it people who is using Bitcoin finding ways to continue using it,the government can make positive and negative effects of the price of Bitcoin if they are spreading positive news about it Bitcoin prize will increase but if they will ban Bitcoin decline of its price will be the effect.

it is very dillema for government.banning or restric bitcoin and cryptocurrency will not give solution for them, moreover this market has huge potential taxes if they attract it.i think they should think about this market potency for their income source.

Koadharber

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Quote from: semobo on February 05, 2019, 06:43:24 AM

Quote from: stuffokator on January 23, 2019, 07:17:18 PM

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

EVen if trump or all the prsident of world announces bitcoin to be banned still bitcoin will work but its a big question that people will still use it if there is severe punishemnt for using it but no one is going to ban the crypto currency but yes it will affect the prices only if it is banned everywhere.

No government can stop Bitcoin even they ban it people who is using Bitcoin finding ways to continue using it,the government can make positive and negative effects of the price of Bitcoin if they are spreading positive news about it Bitcoin prize will increase but if they will ban Bitcoin decline of its price will be the effect.

ethereumhunter

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Bitcoin can survive even if the government do not approve and make it legal. Besides that, bitcoin is not related to one government only, and I am sure that there is any government will approve bitcoin and make bitcoin as a legal. As long as people can access the internet, people could still use bitcoin. And the government is not the most influential factor for bitcoin price because Bitcoin does not depend on them only and there is more factor that will affect bitcoin price.

semobo

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Quote from: stuffokator on January 23, 2019, 07:17:18 PM

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

EVen if trump or all the prsident of world announces bitcoin to be banned still bitcoin will work but its a big question that people will still use it if there is severe punishemnt for using it but no one is going to ban the crypto currency but yes it will affect the prices only if it is banned everywhere.

pieppiep

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indirectly the government can have an influence on the price of bitcoin in place of exchange by giving bad news about cryptocurrency, and now many have become victims of the fall in cryptocurrency prices because of the government.

nebuch

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Government = multitudes of people(the citizens)

People = investors, traders, bounty hunters

Bitcoin potential = Government + people (businesses)

In case all government prohibited the use of bitcoin then it would be hard for crypto to be the possible future of transactions.

Akagum

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Well, government interference has a way of affecting the price of bitcoin if we look at it critically.
I understand that the bitcoin market is more of a speculative one and so any government interference could trigger speculations which would then affect the price of bitcoin negatively or positively.

conected

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Quote from: GrayFullbuster on February 03, 2019, 10:19:25 AM

Quote from: stuffokator on January 23, 2019, 07:17:18 PM

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

Governments are only one of factors and it is not the most influential factor that affecting the price of the bitcoin. Whales that manipulating the market are the most influential factor that affects the value of bitcoin. They have power and authority to manipulate and change the price of the bitcoin.

- I don't think so, I think they are a factor that most affects the price of bitcoin because although as you say, they do not control or manage bitcoin directly, but the information they provide, it affects a very large range. And whales can take advantage of the information then turn this information into their tool, and create a red market, so when we look from the outside, whales are probably the main factor but looking deeper, the government is the one who gives whales the opportunity, the government does not directly change the price of bitcoin but they indirectly do it

mersal

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Quote from: stuffokator on January 23, 2019, 07:17:18 PM

Sorry for the naïve question, but I'm just really curious. What would happen to Bitcoin price if, for example, Trump declared all cryptocurrencies forbidden?

Can Bitcoin survive because of decentralization or some other underlying tech concepts, or will it simply drop down into oblivion if the government decides to fight it for real?

The government will not the reason for the father of cryptocurrency but they are one of the victims to distract the people from get interesting in the field of cryptocurrency otherwise they don't do anything against cryptocurrency development people will accept Crypto as their normal currency then it will not affected by the government.

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