Topic: Is government the most influential factor that affects Bitcoin price? - page 8. (Read 914 times)
January 24, 2019, 01:05:56 AM
I think the existence of legalization from the government will certainly give confidence to investors, so they are more confident to enter the market. so that it is expected to increase the price
January 23, 2019, 08:03:10 PM
The price would definitely drop. The use of btc would never end though.
January 23, 2019, 08:00:45 PM
The government definitely can affect Bitcoin's price with either bad or good news. Just imagine if CoinBase ceases to exist along with Kraken and many of the top and most trusted exchanges. Prices would bottom for sure.
January 23, 2019, 07:27:34 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?
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?
bitcoin as technology can survive of course, but the price of bitcoin is a different story, it will definitely decrease dramatically in value if the government declared all cryptocurrencies forbidden. So yes, the most influential factor that affects Bitcoin price is government and it could make bitcoin go back to $10 if that scenario takes place.
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?
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?
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