Quote from: deisik on February 22, 2017, 09:29:05 AM

Quote from: Victorycoin on February 21, 2017, 05:00:11 PM

Something very outstanding and going for Bitcoin is the fact that it is beyond the control of any government and so when any government tries to impose itself on it, we're seeing Bitcoin taking the hit and bouncing back in a short while. That is the exact scenario now playing out after the jolt in January, by the PBoC and for that, significant volume of trade have had to leave China for Japan. More or less like demonstrating Le Chatelier's principle holds true not only in Chemistry, but also in FinTech.

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Le Châtelier's principle, chemical principle that states that if a system in equilibrium is disturbed by changes in determining factors, such as temperature, pressure, and concentration of components, the system will tend to shift its equilibrium position so as to counteract the effect of the disturbance

We have yet to see that

If this principle stands when Trump outright bans Bitcoin in his fight with terrorism and terrorism financing as some folks are expecting him to do in the possible future. As to me, that would be an ultimate test for Bitcoin resilience to external stress (only universal banning of Bitcoin through the Security Council of the UN would likely be above that). So far Bitcoin has been withstanding such impacts pretty well, but I have always been saying that if Bitcoin is set to die it will be due to internal factors, not through external influence

I don't see Donald Trump banning Bitcoin because that would not support the greater America he has in mind. Guess he understands what China stands to benefit in a situation like that. Having Bitcoin supporters in his cabinet is another pointer, he might not be quite vocal about a ban on Bitcoin.

A recent news however about a 10% increase in budget for defense is indirectly a wind behind the sail of Bitcoin, because those $54 billion dollars are going to come from thin air and then worsen the inflation dilemma the dollar is already having and then the race to Bitcoin as save haven would simply continue.