Topic: Could Governments & Banks manipulate the price like this? - page 4. (Read 573 times)
I simply don't believe in this theory. Banks would never put such a huge amount of money in something to just dump it off. That would be mere stupidity. There are tons of other way to stop people from investing if countries seriously put some strict regulations at place. Price is being manipulated by the whales and exchanges itself. There is no link between price manipulation and banks. Volume is so low that it have become easy for whales to manipulate price. When big financial firms are ready to enter the market, I don't think they won't know any bank relation with this dump before investing.
I think the same as you. Because governments can not do anything in this matter, they can only effect from the edge. The best way to do this is to panic the people.
But, we know that some governments support the cryptocurrency, and if the governments want to end Bitcoin, why do some still support it?
Maybe it is a money game the governments play against people.
But, we know that some governments support the cryptocurrency, and if the governments want to end Bitcoin, why do some still support it?
Maybe it is a money game the governments play against people.
I think bitcoin community is very widespread around the world and many people have gained faith and intrest in bitcoin and they are using it as a currency in many ways. Most of the people use bitcoin as a investment but they are now turning to use it as a digital currency and in future, it will surely become a global currency. Due to the huge intrest of peoples all around the world, it is very difficult for any government or bank to affect the price of bitcoin.
Yeah I believe they can. Stories about whales aside (could be both, who knows), they could have a bunch of people privately messing around with the tides for them. What people more capable of doing this than the banks themselves who is the center of cash flow in the world?
JPMorgan CEO Jamie Dimon: I Could Care Less About Bitcoin | CNBC
- https://youtu.be/40OuVyVGdIM?t=1m40s
"... this is not even a technological statement ..."
and in other news ... 'I really don't care. Do U?'.
...
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://youtu.be/A7TuFy0fcuw - The proudhon song (bitcoin is a bubble) !?!
- https://youtu.be/40OuVyVGdIM?t=1m40s
"... this is not even a technological statement ..."
and in other news ... 'I really don't care. Do U?'.
...
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://youtu.be/A7TuFy0fcuw - The proudhon song (bitcoin is a bubble) !?!
I thought it important to further clarify the disparity of their 'illusion' (or perhaps it's just a misunderstanding?) ...
FIAT currency is backed by 'nothing' (except central bank bonds and debt) and is effectively created out of thin-air. Pieces of paper have little intrinsic value! FIAT currency is therefore Representative Money (at best) - https://en.wikipedia.org/wiki/Representative_money - "Representative money is any medium of exchange that represents something of value, but has little or no value of its own (intrinsic value)."
- What does "I promise to pay the bearer a sum of" mean? - https://www.quora.com/What-does-I-promise-to-pay-the-bearer-a-sum-of-mean
Bitcoin is backed by cryptographic function and the issuance is finite within the prescribed rule set. Take a piece of paper and write your private key on it. Now hold this intrinsic value in your hand!
Bitcoin is therefore a Commodity Money - https://en.wikipedia.org/wiki/Commodity_money and the commodity is Math - "Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects that have value in themselves (intrinsic value) as well as value in their use as money."
...
- https://cointelegraph.com/news/tulips-bubbles-obituaries-peering-through-the-fud-about-crypto
This common misrepresentation of intrinsic value is very disturbing. They are literally trying to tell you that their Representative Money is in fact a Commodity Money - clearly FIAT has not been a Commodity Money since 15 August 1971.
In broad global economic terms, it might be argued that Bitcoin has in fact become a replacement 'safety net', for what was the Bretton Woods system.
One wonders if; (1) Bitcoin is an 'accident' of design through necessity? or (2) Bitcoin is an intentionally designed fail safe (beta!), running in parallel to a 'known-to-be-broken' financial system (insert conspiracy theories here)? or (3) Elements of both?
...
Either way, what would appear to be a massive price manipulation does seem to be indicative of classic bait and switch tactics by 'Big Players'. Hell, one could even utilize coins from the fork of a parallel chain for leverage instead of BTC !
...
I do know one thing; True wealth equality is the last bastion of all humanity.
- "You will not have peace until I will not have the money!" - https://en.wikipedia.org/wiki/Luther_Blissett_(nom_de_plume)
What is becoming increasingly clear is that the folks who really pull the strings, seemingly don't care about us or for true democratic process ...
"Permit me to issue and control the money of a nation, and I care not who makes its laws. - Mayer Amschel Rothschild.
- https://youtu.be/fregObNcHC8 ?
One wonders if; (1) Bitcoin is an 'accident' of design through necessity? or (2) Bitcoin is an intentionally designed fail safe (beta!), running in parallel to a 'known-to-be-broken' financial system (insert conspiracy theories here)? or (3) Elements of both?
...
Either way, what would appear to be a massive price manipulation does seem to be indicative of classic bait and switch tactics by 'Big Players'. Hell, one could even utilize coins from the fork of a parallel chain for leverage instead of BTC !
...
I do know one thing; True wealth equality is the last bastion of all humanity.
- "You will not have peace until I will not have the money!" - https://en.wikipedia.org/wiki/Luther_Blissett_(nom_de_plume)
What is becoming increasingly clear is that the folks who really pull the strings, seemingly don't care about us or for true democratic process ...
"Permit me to issue and control the money of a nation, and I care not who makes its laws. - Mayer Amschel Rothschild.
- https://youtu.be/fregObNcHC8 ?
Price can be manipulated only by big holders of btc, and if some of governments have big amount of btc they can do this
Other manipulations dont work there
Other manipulations dont work there
"They" wouldn't require large Bitcoin holdings to achieve this ... only an unlimited amount of FIAT currency to buy and sell BTC with ... and perhaps the assistance of some 'sheeple' investors - following the mass media effects ...
... Dance, dance, dance to the distortion !
Well manipulation isn't limited to simply selling a lot of btc by whales through pump and dumps. Spreading negative rumors and news can be considered as manipulation as well causing people to panic and sell. And i think that's well happening right now
Damn,
This is a good observation, but the problem is that most people would disregard this as pure conspiracy theories, because this
is close to impossible to prove. Governments will not get away with this, because they are accountable to the tax payers, and
if this ever leaked out, they would lose a lot of voters. I can imagine that Banks might be involved with this type of
manipulation or one of the industries that are currently being disrupted. Front companies for MoneyGram/Western Union etc.
Kudos for making this connection, because it totally make sense to me.
This is a good observation, but the problem is that most people would disregard this as pure conspiracy theories, because this
is close to impossible to prove. Governments will not get away with this, because they are accountable to the tax payers, and
if this ever leaked out, they would lose a lot of voters. I can imagine that Banks might be involved with this type of
manipulation or one of the industries that are currently being disrupted. Front companies for MoneyGram/Western Union etc.
Kudos for making this connection, because it totally make sense to me.
JPMorgan CEO Jamie Dimon: I Could Care Less About Bitcoin | CNBC
- https://youtu.be/40OuVyVGdIM?t=1m40s
"... this is not even a technological statement ..."
and in other news ... 'I really don't care. Do U?'.
...
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://youtu.be/A7TuFy0fcuw - The proudhon song (bitcoin is a bubble) !?!
- https://youtu.be/40OuVyVGdIM?t=1m40s
"... this is not even a technological statement ..."
and in other news ... 'I really don't care. Do U?'.
...
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://youtu.be/A7TuFy0fcuw - The proudhon song (bitcoin is a bubble) !?!
Price can be manipulated only by big holders of btc, and if some of governments have big amount of btc they can do this
Other manipulations dont work there
Other manipulations dont work there
"They" wouldn't require large Bitcoin holdings to achieve this ... only an unlimited amount of FIAT currency to buy and sell BTC with ... and perhaps the assistance of some 'sheeple' investors - following the mass media effects ...
... Dance, dance, dance to the distortion !
Price can be manipulated only by big holders of btc, and if some of governments have big amount of btc they can do this
Other manipulations dont work there
Other manipulations dont work there
"They" wouldn't require large Bitcoin holdings to achieve this ... only an unlimited amount of FIAT currency to buy and sell BTC with ... and perhaps the assistance of some 'sheeple' investors - following the mass media effects ...
... Dance, dance, dance to the distortion ! - https://youtu.be/Um7pMggPnug
ON THE ACCOUNT OF BANKS I CAN NOT SAY THAT, AND THERE IS ON THE ACCOUNT OF GOVERNMENTS. AS ONLY THEY DECIDE TO PROHIBIT OR LIMIT IN ACTIVITIES MINING SO IT IS IMMEDIATELY REFLECTED ON THE COURSE, BUT THIS IS EVERYTHING BEFORE TIME, SOON THE LITTLE IS GOING TO THE FINAL STAGE OF THE SETTLEMENT OF THE STATE OF THE STATE AND THEN YOU WILL NOT HAVE ANY IMPACT ON IT!
can be true, this pricing strategy can be regulated by the largest bitcoin shareholder investors to enjoy big profits later, the government can also do what they want
Governments, however, are likely not doing this because they stand to gain from cryptocurrency.
Governments sure are interested in the technology behind crypto (blockchain tech) but some of them are NOT REALLY INTERESTED INTO BITCOIN AND CRYPTO probably because of decentralization. Nevertheless, I don't see them wasting tax payer's money to do something as stupid as price manipulation. If they are really manipulating bitcoin price behind the scenes, there are only a few countries that I can think of doing this.
Governments can be absolutely manipulative when it comes to their own ego. And bitcoin n other cryptos have had government on their toes. Such kind of manipulative tactics used by the government, the way OP describes is seen to be putting most drastic impact on the prices of the bitcoin. Actually the governments can use various ways to manipulate the market prices. Governments are huge bodies that have vast powers to manipulate anything according to them. But the fall in the prices this year owes to many other reasons except for manipulations by the government.
Sure- just like any major entity can influence any variable.
Governments, however, are likely not doing this because they stand to gain from cryptocurrency. Malta is going to see double digits GDP growth in 2018, Venezuela will be able to circumvent trade sanctions, France will lead major tech innovations. All of these advancements are happening through blockchain acceptance. Governments stand to be much bigger winners than fostering crypto businesses and activities than to try to squander the industry as a whole.
Governments, however, are likely not doing this because they stand to gain from cryptocurrency. Malta is going to see double digits GDP growth in 2018, Venezuela will be able to circumvent trade sanctions, France will lead major tech innovations. All of these advancements are happening through blockchain acceptance. Governments stand to be much bigger winners than fostering crypto businesses and activities than to try to squander the industry as a whole.
Bitcoin is spreading day by day and we are constantly seeing good news about adoption and Bitcoin ATM's popping up everywhere and new Merchants accepting Bitcoin, but the price are not reflecting this. It is actually doing the exact opposite, which tells me that large scale manipulation is going on in the background. 
I believe this is exactly what Bitcoin needs: steady adoption despite the price fluctuations. It doesn't have to excel all the time. It only has to endure, while proving to the world over and over again that it is a secure, flawless decentralized payment system. So far, Bitcoin has managed to do that and grow. I don't see the road ahead being any easier, though. We are probably going to see even more attacks (open or covert) in the future. Jump to: