Quote from: justdimin on Today at 06:30:35 PM

Quote from: pawanjain on July 16, 2022, 08:03:05 AM

In the given list the most important factors that I consider as a threat to bitcoin are the cost of production and regulation.
I wouldn't say media coverage because in this world of internet almost everyone is socially connected and the news are spread instantly across the globe.
Whether it be a positive or negative news the coverage is across the globe.
On the other hand the cost of production and regulation are real threats to bitcoin which causes a correction every time it impacts bitcoin.
All the other factors drives the price of bitcoin upwards.

Regulation is not really a threat to bitcoin. Regulation is not put to bitcoin itself, it's always put to you, the user. Which means that whenever it's put somewhere, the other place doesn't have it. So, let's say they ban mining in Europe, it's still allowed in Asia or USA for example. This is why it's decentralized and why it's liked, because you can't ban everything all at once all around the world here.

FED goes out and says they increase the rate, and suddenly the dollar value increases all over the world, all due to one government organization said something. Bitcoin doesn't have that, no matter what one nation does, the other doesn't have that and that's how it works so well for us.

Regulations does really impact or could be a threat to bitcoin and it's users. Yes, Bitcoin is a decentralized coin however with the multiple banning being made by different countries affects the value of it as it limits the accessibility of it's depending on banning made by a country. What may have been ban on a country could still be done on another country but it creates limitations as cause trouble for it's users.