Topic: Could Governments & Banks manipulate the price like this? - page 3. (Read 573 times)
wow! that's amazing! I am very interested with your point of view. I always ask my self about the situtation now and I have the answer from you. So, if your idea is right, what can we do now? When does the market recover?
I guess same thing can reverse in case if the government involves with the crypto. I guess that is positive manipulation of bitcoin! What do you think!
Indeed. Manipulation works both ways. We have already seen that government officials in South Korea have been abusing their position to shake up the market, and it didn't even surprise me. I have always had the feeling that there is government level manipulation going on, and that just confirmed it. We have also had the central bank of Poland try to make crypto look bad by financially sponsoring social media characters to cause confusion and fear. It only points out that what we believe in makes the traditional system feel uncomfortable, and when you realize that, you understand how much power we have with Bitcoin.
It's been a theory of mine that that is exactly what has been happening for some time in this bear market, because wall street has opened up futures trading on Bitcoin recently. There's no real proof, but those same people will get terribly burned when they have margin calls because Bitcoin is so volatile. The price can effect interest to a certain degree, but nothing really major. If interest drops too low, then it becomes very easy to manipulate the market in a positive way.
I think there are many players that manipulate the bitcoin price like this, not just the governments and banks. They are doing this because they threaten with bitcoin and altcoins with the blockchain behind it.
These information were juicy. This helps me a lot. Thank you guys
Let's consider this :
Governments cannot stop Bitcoin by stopping the technology, but they can kill the interest that people have in buying bitcoins. Could governments with the help of Banks, be behind this falling price?
Last year we saw a huge increase in the price and I was thinking that it could have been a collective buying strategy by Banks to buy a lot of coins for a synchronized dump in 2018.
If the Banks bought a lot of coins last year at the beginning of the spike from $1000 and they triggered a buying frenzy, then most of the more expensive coins would have been bought by the public. So they might just have bought coins to trick other investors into buying more coins.
So what is their goal? Their goal will be to break the demand for Crypto currencies and Bitcoin, by gradually dumping the cheap coins that they bought at the start of last year and pushing the price down.
They know investors will have bought at the higher end, say $10 000 to $19000 and these people would probably have lost money, when they started dumping in 2018. They saw that "demand" for Crypto currencies increased, when there is a constant increase in the price and they are now creating a constant decrease in the price to break people's confidence in the technology and also the demand for the coins.
They will obviously use untraceable methods to do this, because the Banks are helping to hide the origin of this money.
They can only print a few Billions more to execute this strategy and this will go unnoticed, because it is toilet paper money. 
This is the only logical reason why we are seeing a constant decrease in the price, in spite of all the good progress that we have made. It also explains the large spike in the price in 2017.
Hodl on guys and gals, do not be tricked by these cheap tactics. 
Partially governments can impose several restrictions in order to regulate it's use through controlling exchanges and making red lines that shouldn't be surpassed by Bitcoin users inside the state ,but I think they will find some difficulties because, practically Bitcoin is a decentralised money transferring technology. Governments cannot stop Bitcoin by stopping the technology, but they can kill the interest that people have in buying bitcoins. Could governments with the help of Banks, be behind this falling price?
Last year we saw a huge increase in the price and I was thinking that it could have been a collective buying strategy by Banks to buy a lot of coins for a synchronized dump in 2018.
If the Banks bought a lot of coins last year at the beginning of the spike from $1000 and they triggered a buying frenzy, then most of the more expensive coins would have been bought by the public. So they might just have bought coins to trick other investors into buying more coins.
So what is their goal? Their goal will be to break the demand for Crypto currencies and Bitcoin, by gradually dumping the cheap coins that they bought at the start of last year and pushing the price down.
They know investors will have bought at the higher end, say $10 000 to $19000 and these people would probably have lost money, when they started dumping in 2018. They saw that "demand" for Crypto currencies increased, when there is a constant increase in the price and they are now creating a constant decrease in the price to break people's confidence in the technology and also the demand for the coins.
They will obviously use untraceable methods to do this, because the Banks are helping to hide the origin of this money.
They can only print a few Billions more to execute this strategy and this will go unnoticed, because it is toilet paper money. This is the only logical reason why we are seeing a constant decrease in the price, in spite of all the good progress that we have made. It also explains the large spike in the price in 2017.
Hodl on guys and gals, do not be tricked by these cheap tactics.
Bitcoin, Gold-Backed Currency Can Coexist in Free Society: Ron Paul
- https://www.ccn.com/bitcoin-gold-backed-currency-can-coexist-in-free-society-ron-paul/
I.O.U.S.A.: Byte-Sized - The 30 Minute Version
- https://www.youtube.com/watch?v=O_TjBNjc9Bo
- https://en.wikipedia.org/wiki/National_debt_of_the_United_States
- https://en.wikipedia.org/wiki/Government_debt
- https://en.wikipedia.org/wiki/National_debt_of_China
- https://en.wikipedia.org/wiki/Causes_of_the_European_debt_crisis
Money vs Currency - Hidden Secrets Of Money Ep 1 - Mike Maloney
- https://youtu.be/DyV0OfU3-FU
Seven Stages Of Empire - Hidden Secrets Of Money Ep 2 - Mike Maloney
- https://youtu.be/EdSq5H7awi8
Death Of The US Dollar On A Timeline - Hidden Secrets Of Money Ep 3- Mike Maloney
- https://youtu.be/y-IemeM-Ado
The Biggest Scam In The History Of Mankind - Hidden Secrets of Money 4
- https://youtu.be/iFDe5kUUyT0
Where Does Money Come From? - Hidden Secrets Of Money Ep 5 - Mike Maloney
- https://youtu.be/OQWMd_NPSBA
Top 4 Reasons For Deflation BEFORE Hyperinflation - Hidden Secrets Of Money 6 (Mike Maloney)
- https://youtu.be/8GP87dgTqF8
The Money Illusion - Hidden Secrets Of Money 7 - Mike Maloney
- https://youtu.be/P4_1pwsm5LY
The Bitcoin Revolution (Documentary) Hidden Secrets Of Money Ep 8
- https://youtu.be/SF362xxcfdk
- https://www.ccn.com/bitcoin-gold-backed-currency-can-coexist-in-free-society-ron-paul/
I.O.U.S.A.: Byte-Sized - The 30 Minute Version
- https://www.youtube.com/watch?v=O_TjBNjc9Bo
- https://en.wikipedia.org/wiki/National_debt_of_the_United_States
- https://en.wikipedia.org/wiki/Government_debt
- https://en.wikipedia.org/wiki/National_debt_of_China
- https://en.wikipedia.org/wiki/Causes_of_the_European_debt_crisis
Money vs Currency - Hidden Secrets Of Money Ep 1 - Mike Maloney
- https://youtu.be/DyV0OfU3-FU
Seven Stages Of Empire - Hidden Secrets Of Money Ep 2 - Mike Maloney
- https://youtu.be/EdSq5H7awi8
Death Of The US Dollar On A Timeline - Hidden Secrets Of Money Ep 3- Mike Maloney
- https://youtu.be/y-IemeM-Ado
The Biggest Scam In The History Of Mankind - Hidden Secrets of Money 4
- https://youtu.be/iFDe5kUUyT0
Where Does Money Come From? - Hidden Secrets Of Money Ep 5 - Mike Maloney
- https://youtu.be/OQWMd_NPSBA
Top 4 Reasons For Deflation BEFORE Hyperinflation - Hidden Secrets Of Money 6 (Mike Maloney)
- https://youtu.be/8GP87dgTqF8
The Money Illusion - Hidden Secrets Of Money 7 - Mike Maloney
- https://youtu.be/P4_1pwsm5LY
The Bitcoin Revolution (Documentary) Hidden Secrets Of Money Ep 8
- https://youtu.be/SF362xxcfdk
Hmm, interesting topic dude. I just do a trial for a simple math. 1 BTC ~ 6000 USD. Current circulating is around 16 million, so it can be converted into USD: 16.10^6 x 6.10^3 = 96.10^9 (USD 96 billion). This figure is not much referring to the richest man around the world, top 10 rich man around the world such as Jeff Bezos, Bill Gates, Mark Zuckerberg until Larry Ellison collected they have fund around USD 747 billion. So bitcoin just less than 15% of their funds, I can't believe all governments are scared with this bitcoin fund around the world. Better data from Forbes, Bill Gate money will be in similar amount to Bitcoin circulating funds that is around USD 90 billion, check this link: https://www.cbsnews.com/news/forbes-2018-list-of-worlds-billionaires/.
Bitcoin fund are spread around the world, so it is not a big money for a government. Why are governments so busy to take care bitcoins holder money rather than those top rich people?
I prefer to think that some of those top rich people are entering this crypto world and they are making some situation for their own benefit in their business. I think this is more reasonable, to take advantage of the business.
Bitcoin fund are spread around the world, so it is not a big money for a government. Why are governments so busy to take care bitcoins holder money rather than those top rich people?
I prefer to think that some of those top rich people are entering this crypto world and they are making some situation for their own benefit in their business. I think this is more reasonable, to take advantage of the business.
I guess this topic can be best explained with an example that is going on right now. The event in the India where Reserve Bank of India stated that they will be abandoning the crypto to INR withdrawals and thus no more crypto currencies in India led to panic attack in India and all the exchanger suffered from this leading to the price manipulation all the way down to -2000 USD price change in a single day! I guess this is what happens whenever the government publishes something negative about the crypto's.
I guess same thing can reverse in case if the government involves with the crypto. I guess that is positive manipulation of bitcoin! What do you think!
I guess same thing can reverse in case if the government involves with the crypto. I guess that is positive manipulation of bitcoin! What do you think!
Well, it is true that governments cannot destroy Bitcoin as a technology but the government can definitely pressurize the users and this industry indirectly using the platforms like banks. However, the best way to deal with this situation is to build mass awareness about the technology where the users won't have to rely on the third party for the information. As the users, we can always spend our crypto coins without relying on others.
That would be the ultimate goal, not to deal with third parties and not to deal with fiat conversion. The only problem is that we should have mass adoption on both consumer and merchant sides. The government will definitely be involved and the attacks will not stop, but it will become unstoppable, once we get to a level where multiple countries have mass adoption.
You can then pick and choose, where you want to spend and earn your bitcoins, even if it is banned in your country.
Well, it is true that governments cannot destroy Bitcoin as a technology but the government can definitely pressurize the users and this industry indirectly using the platforms like banks. However, the best way to deal with this situation is to build mass awareness about the technology where the users won't have to rely on the third party for the information. As the users, we can always spend our crypto coins without relying on others.
Then the better question to ask is perhaps ... "Could Governments & Banks (and markets) stabilize the price like this?".
Seemingly not - Because they would rather try to stabilize their 'To Big to fail' - https://en.wikipedia.org/wiki/Too_big_to_fail - 'Zombie' - https://en.wikipedia.org/wiki/Zombie_bank - institutions.
...
True Austerity is when you apply a weighted (tax) model to redress the balance between the rich and poor in society.
- https://en.wikipedia.org/wiki/Austerity
You cannot fix the 'problem' by continuing to tax everyone the same, and then simply allow the 'money' to flow back to the very institutions which caused the situation in the first place. That is false austerity.
...
Did Satoshi in fact warn us all from day 1 ?
- https://www.thetimes.co.uk/article/chancellor-alistair-darling-on-brink-of-second-bailout-for-banks-n9l382mn62h
...
Truth, Knowledge and Blockchain.
Seemingly not - Because they would rather try to stabilize their 'To Big to fail' - https://en.wikipedia.org/wiki/Too_big_to_fail - 'Zombie' - https://en.wikipedia.org/wiki/Zombie_bank - institutions.
...
True Austerity is when you apply a weighted (tax) model to redress the balance between the rich and poor in society.
- https://en.wikipedia.org/wiki/Austerity
You cannot fix the 'problem' by continuing to tax everyone the same, and then simply allow the 'money' to flow back to the very institutions which caused the situation in the first place. That is false austerity.
...
Did Satoshi in fact warn us all from day 1 ?
- https://www.thetimes.co.uk/article/chancellor-alistair-darling-on-brink-of-second-bailout-for-banks-n9l382mn62h
...
Truth, Knowledge and Blockchain.
I think any person who has the significant amount of any cryptocurrency, can affect the price of it by selling or buying a great amount and the market is fluctuating reacting by those things happening,
I don't think that there is a manipulation in the side of the government when it comes to the price. But I think the officials are always make a way to invest their money without any risks. Some corrupt government officials might also exchange their money to cryptocurrency in order to hide their assets. However, it will become possible to them to manipulate the market since they are also rich people due to the fact the most of the are corrupt.
From what i can see you said what if meaning your just taking a wild guess. Too many assumptions from different individual because bitcoin is falling. Believe me we will still see another assumption crazier than yours. You are just trying to justify the bitcoin fall i get it, so we are all looking for who to put the blame and take the fall. Bitcoin will never keep going up and market tends to retrace and its natural. Many things contributed to this fall and banks are not even close.
...
So, Satoshi created decentralized cryptographic commodity-money for the internet based on solid principals of scarcity and finite value i.e. like real bits of gold.
Governments (and Banks) ended the Bretton Woods system - https://en.wikipedia.org/wiki/Bretton_Woods_system - on 15 August 1971 rendering the dollar a fiat currency, essentially backed by 'nothing'.
- Zeitgeist Addendum (HD) Part I - Federal Reserve - https://youtu.be/S0pQNkX8jLM
- The Monetary System Visually Explained - https://youtu.be/aXiNZWJKnVI
...
So, Satoshi created decentralized cryptographic commodity-money for the internet based on solid principals of scarcity and finite value i.e. like real bits of gold.
Governments (and Banks) ended the Bretton Woods system - https://en.wikipedia.org/wiki/Bretton_Woods_system - on 15 August 1971 rendering the dollar a fiat currency, essentially backed by 'nothing'.
- Zeitgeist Addendum (HD) Part I - Federal Reserve - https://youtu.be/S0pQNkX8jLM
- The Monetary System Visually Explained - https://youtu.be/aXiNZWJKnVI
...
- https://cointelegraph.com/news/report-central-bank-digital-currency-could-provide-stability-but-crypto-is-too-volatile
It's only when you know that failed monetary policy within heavily centralized institutions is largely what causes price instability and volatility across global markets in the first place, that this report becomes hilarious.
Truly autonomous and decentralized systems (and free markets) do not require this problematic centralized approach.
Now calculate the volatility for swapping an Apple for an Orange. Oh, wait you need currency to do this, right?
- https://en.wikipedia.org/wiki/Swap_(finance)
... cash flows is determined by an uncertain variable such as a floating interest rate, foreign exchange rate, equity price, or commodity price.
The Apple is a commodity. The Orange is a commodity. The only thing that creates volatility are the mechanism's of centralized control and the games played with them.
Let me put this into some perspective ...
The slush fund of some three letter agencies is said to be well in excess of trillions of dollars. That alone is a lot more than Bitcoin's highest market capitalization. If you can't 'kill' a robust decentralized financial technology, the easy option is to manipulate the price.
Remember that this is potentially about ownership of the commodity. It is a zero sum game in terms of the markets. They don't care if you win or lose. I think the worst factor of this is that any manipulation is potentially made simpler when the BTC price is higher.
Remember : First they take it away from you, then they sell it back to you.
or
Buy, Buy, Buy Bitcoin, then Bye Bye Bitcoin ?
...
The OP's assertion is therefore valid and the answer is yes (considering all other price factors, actors, variables etc.,)
The slush fund of some three letter agencies is said to be well in excess of trillions of dollars. That alone is a lot more than Bitcoin's highest market capitalization. If you can't 'kill' a robust decentralized financial technology, the easy option is to manipulate the price.
Remember that this is potentially about ownership of the commodity. It is a zero sum game in terms of the markets. They don't care if you win or lose. I think the worst factor of this is that any manipulation is potentially made simpler when the BTC price is higher.
Remember : First they take it away from you, then they sell it back to you.
or
Buy, Buy, Buy Bitcoin, then Bye Bye Bitcoin ?
...
The OP's assertion is therefore valid and the answer is yes (considering all other price factors, actors, variables etc.,)
Excellent. This is what I was looking for, someone that can see the bigger picture. I would just change this part, " First they take it away from you, then they sell it back to you." and replace it with " First they will take it away from you at a low price and then sell it back to you at a high price."
To rinse and repeat this strategy, they have to buy low and dump it at a higher amount than what they bought it at. Their actions is just the trigger for the "hype" and then the "panic" reaction in the market, when they dump again.
Let me put this into some perspective ...
The slush fund of some three letter agencies is said to be well in excess of trillions of dollars. That alone is a lot more than Bitcoin's highest market capitalization. If you can't 'kill' a robust decentralized financial technology, the easy option is to manipulate the price.
Remember that this is potentially about ownership of the commodity. It is a zero sum game in terms of the markets. They don't care if you win or lose. I think the worst factor of this is that any manipulation is potentially made simpler when the BTC price is higher.
Remember : First they take it away from you, then they sell it back to you.
or
Buy, Buy, Buy Bitcoin, then Bye Bye Bitcoin ?
...
The OP's assertion is therefore valid and the answer is yes (considering all other price factors, actors, variables etc.,)
The slush fund of some three letter agencies is said to be well in excess of trillions of dollars. That alone is a lot more than Bitcoin's highest market capitalization. If you can't 'kill' a robust decentralized financial technology, the easy option is to manipulate the price.
Remember that this is potentially about ownership of the commodity. It is a zero sum game in terms of the markets. They don't care if you win or lose. I think the worst factor of this is that any manipulation is potentially made simpler when the BTC price is higher.
Remember : First they take it away from you, then they sell it back to you.
or
Buy, Buy, Buy Bitcoin, then Bye Bye Bitcoin ?
...
The OP's assertion is therefore valid and the answer is yes (considering all other price factors, actors, variables etc.,)
There is no transparency in this market, everything should go public in the securities market. In the world of crypto currency it is very difficult to understand what is happening at all.
Jump to: