Quote from: gamalzour on November 03, 2018, 09:39:46 AM

Quote from: qumeijia on October 26, 2018, 03:53:02 PM

I am eager to know how do politic situations particular countries affect the Bitcoin stability, is ti really affecting Bitcoin. As we know that Bitcoin is decentralized of blockchain technology and I think that it will not be affected by politic issues of certain states. In other side, politics is affecting of economic stability. It potentially contributes to break or strengthen the economic in many countries. I would like to know other opinions.

Bitcoin is unreliable of such. It is something else on its own and activities that takes place in any country cannot have any effect on Bitcoin or anything cryptocurrency. The only way that Bitcoin becomes stable is when there is lesser demand and the supply is kind of balanced with the demand, that way the price will stay stable and there wouldnt be much fluctuation.

Yes you are absolutely right. I was reading some comments and this a reply that I was looking for. I bet that the bitcoin market price stability is not connected to politics. It is the discretion of the bitcoin holder if bitcoin will be sold to or not. The demand of bitcoin is the main reason of bitcoin's volatility and not the polictics.

However, other people talk about regulations and bitcoin ban is correcrmt on their assumption that it will indirectly stabilize bitcoin market price or even fall for more. Thus, not related to politics rather related govenance with their regulations on cryptocurrency or bitcoin.