Post
Topic
Board Press
Re: [2017-12-05] Threats That Can Sink Bitcoin
by
1Referee
on 05/12/2017, 13:13:41 UTC
The reason for such fluctuations bitcoin is the regulation of the government. I mean the prohibition of bitcoin in different countries. This also reduces the rate of bitcoin.
No. If we had to believe people, China was the main reason for Bitcoin to be at current levels, and if they would exit the game (they partially did), it would be catastrophic for Bitcoin. Look at how the market has gone up badly after China's partial exit. Countries prohibiting Bitcoin are nothing more than obstacles. If these obstacles take care of themselves, in the way that they exit this market, it only helps steering this market to new record highs. Bitcoin's adoption is now coming from basically all places in the word. It's not one country that we depend on, which is a great benefit. If the growth was centered at just one country, and that country would prohibit Bitcoin, that would be a bad thing, but this is something that is not much of a concern to us right now.