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Topic: What is the future of bitcoin without powerful nations? - page 4. (Read 429 times)

legendary
Activity: 3164
Merit: 1213
Powerful nations have contributed good to the growth of bitcoin. In specific I've experienced the participation of China in the recent years and later it went for a complete ban which is unexpected. The goodness depends on the users, amidst all the negative incidents that had happened out of the powerful nations we were able to see good progress in the cryptomarket. So, it is not about the powerful nations, but the people who decides the market. Powerful nations could help with the mass adoption which can make a wider market for bitcoin.
legendary
Activity: 3612
Merit: 1406
I guess bitcoin is suffering price depreciation because of most renowned countries like China, US and Africa demoting it values with their economy influence. Most of this nations shares on bitcoin are on high pedal, since they withdrew from investing their state capital and refused to support the existence of bitcoin, the price has not seen a better chance of pumping soon.

In future, it might be different but what if this nations keep strong kicking against bitcoin without reprojected their economy resources, will bitcoin survive for a long time?

What do you is the future of bitcoin at this point?
Do nations or people have power over bitcoin price regulations?
What is your speculation if bitcoin keeps revaluing in price?
Do you see a good outlook soon?
Let's argue your points.


This has been going on for the entire lifespan of bitcoin so far.  Whether or not a particular country "bans" it will only have a short term negative effect.  Ultimately bitcoin and crypto as a whole are so successful at this point that if a country does not hop on they will be left behind.  I think it's already to late for any of these countries to completely let go and risk being behind the technological curve.  Stay on or get off we leaving the station with or without you!!
hero member
Activity: 2772
Merit: 634
What do you is the future of bitcoin at this point?
Do nations or people have power over bitcoin price regulations?
(...)
For me, this kind of issue will not matter at all since Bitcoin was created to be decentralized like everyone can use Bitcoin. So for me, this is not the point at all because even how powerful a nation is it can't control Bitcoin, they can't take down Bitcoin or what.
Yeah, they can't control Bitcoin but they can still be able to ban Bitcoin so that no one on their country can use it. What do you think can happen after this? Well, there will be no more adoptions so the price will either be stagnant or it will decline since a Bitcoin being banned in some nations is a kind of bad news and we all know that there are people who panic sells after they hear such news.

I just want to say that talks like this matters a lot because it can make or break Bitcoin. We don't know if what future awaits with Bitcoin but at this point, Bitcoin is now doing great and we expect that it will perform better these upcoming months and years.
hero member
Activity: 2030
Merit: 777
Leading Crypto Sports Betting & Casino Platform
Countries like USA and China have great influence in bitcoin's price. As we have seen, always an impacting news come from those countries, like China has banned bitcoin or US has raised interest rates, we also see an effect over bitcoin, usually negative.

On the other hand, I've never seen any influence of such strength coming from any african nations regards bitcoin, so I really don't understand why you added Africa in your post.

What is your speculation if bitcoin keeps revaluing in price?
Do you see a good outlook soon?
Despite the negative influence powerful nations have over bitcoin, there is still a bright future for the digital currency, as supply gets more scarce, mining difficult increases, fiat loses purchasing power and centralized institutions lose credibility with the public.
hero member
Activity: 2842
Merit: 625
What do you is the future of bitcoin at this point?
The future of bitcoin with or without those nations that don't like bitcoin is still in great shape. We can have a reset and a new start without them as that's where bitcoin have came from.

Do nations or people have power over bitcoin price regulations?
The nations can do influence the price of bitcoin and the same goes for the people that have a huge influence in certain markets. Anything they say can truly heavily influence the price whether it's good or bad but, usually, it's all about the bad news or statements.

What is your speculation if bitcoin keeps revaluing in price?
It's a normal thing for bitcoin. We'll have to wait until the next halving and when it's done, you'll see how great the value would be.

Do you see a good outlook soon?
Why not? I'm not worried at all.
legendary
Activity: 2282
Merit: 1344
Buy/Sell crypto at BestChange
What do you is the future of bitcoin at this point?
Do nations or people have power over bitcoin price regulations?
(...)
For me, this kind of issue will not matter at all since Bitcoin was created to be decentralized like everyone can use Bitcoin. So for me, this is not the point at all because even how powerful a nation is it can't control Bitcoin, they can't take down Bitcoin or what.
hero member
Activity: 2282
Merit: 532
Sugars.zone | DatingFi - Earn for Posting
Bitcoin isn't developed to be used by any particular country or corporate network. The technology can be used anywhere and bitcoin is developed with the objective to remove the middle man. Here growth depends upon the common people, more the usage more will be the growth. At times mass adoption happens when positive moves taken from the large economies. It means they've got control over the market to some extent which can't be denied. But the users are key elements.
legendary
Activity: 2002
Merit: 1072
Leading Crypto Sports Betting & Casino Platform
I think the future of Bitcoin will be as bright as a star in the sky. Countries of people don't generally have power over bitcoin or to control it's price movements, what moves the price of bitcoin is the forces of buying or selling. Buying force drives the price to grow while heavy selling results in a significant drop. That is the only way an entity or a central authority can make an impact if they are putting heavy pressure either on buying or selling of the coin.

But despite that, I don't see any of that stopping Bitcoin from entering the future with a newer and better position from the previous one, and by position I mean a price that is higher than it's previous ATH.
hero member
Activity: 1960
Merit: 586
Free Crypto Faucet in Trustdice
In future, it might be different but what if this nations keep strong kicking against bitcoin without reprojected their economy resources, will bitcoin survive for a long time?.
Precisely Bitcoin would be better and freer without these capitalist countries. That way we feel the future of Bitcoin will still continue to contribute to us in general. Don't get me wrong when a country like China controls something means control is no longer yours. Whether there is adoption by countries, Bitcoin remains an asset that will be adopted globally. If you look at Africa now, you might miss a lot because African countries are much more Bitcoin-friendly now. For example, the Central African Republic is the second country after El Salvador to establish a bitcoin legal tender.
newbie
Activity: 28
Merit: 12
I guess bitcoin is suffering price depreciation because of most renowned countries like China, US and Africa demoting it values with their economy influence. Most of this nations shares on bitcoin are on high pedal, since they withdrew from investing their state capital and refused to support the existence of bitcoin, the price has not seen a better chance of pumping soon.

In future, it might be different but what if this nations keep strong kicking against bitcoin without reprojected their economy resources, will bitcoin survive for a long time?

What do you is the future of bitcoin at this point?
Do nations or people have power over bitcoin price regulations?
What is your speculation if bitcoin keeps revaluing in price?
Do you see a good outlook soon?
Let's argue your points.
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