Is regulations among the key factors that affect the price of Bitcoin - page 2.

Flexystar

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Quote from: Prestongold on August 17, 2023, 04:00:00 PM

Is regulations among the key factors that affects the price of Bitcoin

Well it has many case scenarios but one that we should understand is how everything works in this world. First regulations can not be implemented just right away all over the world. There hundreds of countries using Bitcoin and every country has their own set of rules and also they have their own decision making power. For example it may happen that what Germany think might not be right in the perspective of England or US. In similar ways it is highly impossible that every country will apply the same rules. Even with the experience of G20 meeting where India did brought the Bitcoin regulations, it doesn't mean it has been overruled everywhere. In fact there are countries on the other hand like Arab's who are adopting the Bitcoin in whole new perspective, similar goes to the Japan also.

So is it possible bitcoin will get affected? Yes, definitely it will get affected but there will always be one part of the world that will be taking it in positive way so Bitcoin will continue to thrive. It's all about the balancing and due to decentralization it has slippery roads.

eightdots

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Quote from: Prestongold on August 17, 2023, 04:00:00 PM

Is regulations among the key factors that affects the price of Bitcoin

Of course. Regulations affect many things. Institutions or individuals who will invest in Bitcoin make their investments within the framework of these regulations. There are many factors that can determine the Bitcoin price. These regulations may also include decisions that drive Bitcoin adoption. This can have a positive effect on the price. At the same time, we can see that the price decreases in the face of a negative regulation.

The investor can buy Bitcoin according to his own decision, but he decides by being affected by the events and regulations.

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Although there are many people who interested in Bitcoin due to decentralization and pseudonymous, but we can't deny the number of people who aren't interested in Bitcoin because it's not regulated and supported by the government are more than them. Regulation isn't the key factor that affect Bitcoin price, but obviously a clear regulation and convince people to be safe to invest in Bitcoin do give a big effect.

kryptqnick

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A lot of people seem to agree that regulation has significant impact on the price, at least as long as we're talking about a country that has a big economy and carries a lot of influence. But to me, it's not about the regulations as much as it is about the news. Remember that time in 2018 when the news was circulating that South Korea is restricting Bitcoin usage? It wasn't even true, I think, but the rumours were big enough to contribute (or at least strongly correlate with) to the rapid decline of the price at the beginning of 2018. And sometimes bills are introduced but don't have much effect. So I think it's more about how it's covered by the media than about the actual legislation.

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Regulations and how they are implemented can be a two-edged sword affecting the price of Bitcoin and the whole cryptocurrency industry for that matter. In many cases, when the industry is looking at a regulation to be good and can be helping it, then it would be welcomed as a good news hence it can mirror some positive effect, otherwise it would be getting the other side of the coin. Generally, regulations means recognizing the industry hence they are taken as important step towards more solid adoption of cryptocurrency most especially Bitcoin.

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The majority of governing rules and various factors can affect the value of Bitcoin. The cryptocurrency market is operating in a very complex environment and it is impossible to predict exactly which factors will have the greatest impact. Government regulation, commercial acceptance, instant information technology, and many other factors all interact and create fluctuations in the Bitcoin price.

Nor should we ignore market sentiment, as investor and user reactions can also contribute to the rise or fall of Bitcoin's price. The cryptocurrency market is particularly sensitive to news and events, and the analysis of all these factors can give an overview of the market situation and predict the possibilities.

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Quote from: panganib999 on August 18, 2023, 04:48:37 PM

Nope. Don't think so.

Regulation is the last thing that would affect the current price of bitcoin.

As for the question of OP and with your supporting answer ^{(not your Nope. Don't think so)}, it's a yes as it's one of the factors that affect bitcoin price.

I don't need to explain more since the answer is obvious.

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Quote from: Prestongold on August 17, 2023, 04:00:00 PM

Is regulations among the key factors that affects the price of Bitcoin

Of course Regulation is very much a key factor in the success of bitcoin in these markets! Why do I say so, well when it comes to investments...no investor wants to put money in an asset that has no protection of the law should things go south and besides..because the bitcoin model is centered around the border of supply and demand, legally recognized bitcoin means demand will be available which translates into price going up...if it were illegal very few users will not want to associate themselves with an asset that will get them in trouble with the law, which means low demand. So from this, it's evident that regulation can come with its benefits though with or without it BTC can succeed!

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Quote from: Prestongold on August 17, 2023, 04:00:00 PM

Is regulations among the key factors that affects the price of Bitcoin

Unfortunately, yes. Regulations play a big role because of course if bitcoin was declared illegal many people should (theoretically) get rid of it, that means selling it. At the same time it looks like that the majority of the countries don't see bitcoin as some kind of threat so if they didn't ban it in the past it's very unlikely that they will do it now.

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Quote from: Prestongold on August 17, 2023, 04:00:00 PM

Is regulations among the key factors that affects the price of Bitcoin

For now, yes. But as time passes, I doubt it would still remain a major factor that affects the price of Bitcoin. Regulation introduces control and constraints which are part of reasons why bitcoin was created in the first place. In the short term, regulation will play a part because industry leading orgs and major investors won't touch it if the regulations around bitcoin is too strict especially in countries like the United States but I know that at one point it would lose its relevance as the technology becomes more mature.

panganib999

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Nope. Don't think so.

Regulation is the last thing that would affect the current price of bitcoin. All for the sole reason that there's no definitive regulation method that was made to counteract and control bitcoin in its utmost capacity. Plus if regulation were to take its hold I reckon it would pump the value of bitcoin even more, given the fact that now we're sure more and more people will be able to hop on board and invest in bitcoin since it's now sanctioned y the government.

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Quote from: Smartvirus on August 17, 2023, 06:54:05 PM

Quote from: Prestongold on August 17, 2023, 04:00:00 PM

Is regulations among the key factors that affects the price of Bitcoin

Hell no!
Where did you come up with that idea.

Well, like the economist will tell you, price is being affected by demand and supply. When supply is more than demand, price drops and when the demand is higher than supply, you can expect price yo pump. Of recent, Tesla has been known to liquidate some of there bitcoin hodlings and that been the reason behind some of the dump of recent and sadly, those who would take the bate will wish they didn't for gaming with a wealthy spaceX guy.

The most regulations could do is about bitcoin's acceptance by most but somehow, bitcoin continues to gain popularity with Citizens of the world despite the many negativity which is circulated about the innovation. So yeah, its not regulation and its more of a demand and supply thing.

In Bitcoin's historical event, there are incidents where regulation affects the price of Bitcoin. Aside from that, the law of supply and demand is affected by adoption and the progress of Bitcoin adoption is affected by government regulation. The acceptance of Bitcoin by a government affects the market sentiment thus creating the market to bullish trend if there is enough positive sentiment created.

We can agree to disagree but we cannot deny the fact that in the history of Bitcoin regulatory news affects its market movement especially when the one making the announcement is the developed country/ leading country.

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Quote from: Prestongold on August 17, 2023, 04:00:00 PM

Is regulations among the key factors that affects the price of Bitcoin

Bitcoin is not get a regulated asset and I hope the government is not in to do such a thing because it might have a big effect to the market as one of the key factors of the Crypto market. Maybe that might happens in many years coming but I don't think that the government would be ready to take advantage of the opportunity of regulating the number asset in the cryptocurrency market right now.
There had been a speculation that Bitcoin is going to go bearish more before accelerating to the bull which is going to happen immediately and take off to the bull which is going to prolong to next year.

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Every country has it's government and their regulations and there could be some kind of regulation or ban on Bitcoin in a particular country but would not affect the price of Bitcoin. So, regulations doesn't usually cause a great effect on the price but it depends on what country it is and also the level of Bitcoin adoption and accessibility in that country. There are some countries where Bitcoin is not freely adopted, even if there are new regulations to further restrict the use of Bitcoin, it might not really have any effect on the price of Bitcoin. But in country like El Salvador where Bitcoin is already a legal tender, further regulations might impact the price.

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Quote from: fuguebtc on August 18, 2023, 05:25:41 AM

Quote from: Prestongold on August 17, 2023, 04:00:00 PM

Is regulations among the key factors that affects the price of Bitcoin

Government regulation will determine the popularity of bitcoin and hence will affect people's demand, so it can be said that regulation is the main factor affecting bitcoin price. If all governments accept and legalize bitcoin while encouraging people to use bitcoin. I believe that will trigger a crazy bull run for bitcoin and we will even see $1 million per bitcoin. But that won't happen anytime soon as governments are still not really friendly with bitcoin, they are still wary of it because they always think its decentralization will harm their centralized system.

It's not really the "popularity" but ease of mind. Because if something is regulated and liked in a nation, there is a possibility that the same thing could be done in a longer period of time, but if we are talking about a situation where it is going to be a bit different on the long run.

I think it could be considered a bit different, and I think it is going to be a bit of deal where if it is illegal, or just not even regulated, people will fear the situation and not really go for it. This is why I believe that we need to make sure that things are a little different. Obviously it is going to take a while and we are not going to have anything that is different, it should not be considered a big deal, it should be different.

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I've seen countless responsible people, great earners, who enjoy a game of chance. You make it sound like spending on gambling is equivalent to throwing money into a fire. Sure, 30% might seem like a high number, but who are you to decide what's sensible for someone else? Not every individual has the same financial obligations or priorities.

You draw this line between addicted gamblers and responsible earners, but that's just black and white thinking. You'd be surprised how many high-functioning individuals enjoy a gamble and still fulfill their responsibilities. Your attempt to fit everyone into these neat little boxes is incredibly shortsighted. Life is more complex than your simplistic categories.

worle1bm

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Mostly demand and supply factors will affect the prices but they are regulated by lot of factors like regulations as well because when it's allowed more people have access to it who fear to use or invest in it due to governments so it automatically boost up the demand among users while supply is limited giving it a price boost.

retreat

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Quote from: Prestongold on August 17, 2023, 04:00:00 PM

Is regulations among the key factors that affects the price of Bitcoin

That's right, regulation is one of the key factors affecting the price of Bitcoin. Because government regulations such as banning the trade or distribution of Bitcoin will limit the distribution and demand for bitcoin, and then it will affect the price. Negative regulations can also cause fear in investors which will increase the number of sales and disrupt the price of Bitcoin.

Cryptomultiplier

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Quote from: posi on August 18, 2023, 07:07:25 AM

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That's what happened because Bitcoin is already available on many trading platforms. However, in my opinion, it is speculators and market participants who "decide" the Bitcoin exchange rate against fiat in response to regulations or news. And now, Bitcoin looks a lot like stocks and commodities.

Strictly speaking, it is our needs that determine the value of bitcoin, but for demand to grow, it needs to be accepted and legalized by the government. Therefore, it can be said that regulation is the key factor determining the price of bitcoin. Bitcoin has been around for 15 years and many people know about it but many people still haven't invested or used it because they are afraid of government regulations and bans. It can be seen that regulation has a significant impact on the price of bitcoin, although many people will not believe and dislike this, it is clear that the government is the biggest barrier to bitcoin.

You didn't mince words, because it is true that the government is the biggest barrier to BTC.
With the government insistence on the taxing of BTC, and trying to make it centralized by involved SEC regulation, I wonder what other key factors affect BTC price than these.
There may also be the case of traders fees and exchange rates at a certain period or the volatility of markets that may be occasioned by whale movements.
All these among done real factors affect the price of BTC including regulation, should it be imposed in a certain region or country.

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Yeah and No, because this isn't the only factor that can affect the price of Bitcoin, it's also not a must, it's not as if Bitcoin won't survive without regulation, and it's fact that Bitcoin don't need regulation to survive.

Weather the centralized world support Bitcoin or not, it will still survive, because so many people are using Bitcoin and they will continue to use Bitcoin, the only thing that will be affected is adoption.

To say the truth, Bitcoin needs centralized adoption to gain massive popularity and better adoption than what we already have right now, without centralized approval Bitcoin won't do very great, but it will survive and still keep doing well.

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