Topic: Governments manipulating Crypto Economies!? (Read 406 times)

Hi,

I both agree and disagree with you.

I agree with you when you say that it is the good time to buy. Indeed, with low prices, potential profits are higher. If you are able to wait long enough, you may be able to make sizeable profits.

But I strongly disagree when you talk about government manipulation. I don't say that it doesn't exist at all, but.. I think that most government members are old. They are not ready to bet on such technology. They may see it as a threat, but not as a source of profits.

I may be naive, though!

Governments control the Fiat currencies. They use central banks to manage money holdings, using so-called monetary policy. They also determine how remittances need to be implemented, which allows them to monitor the movement of the currency, and also dictate who benefits from this movement, collect taxes from it, and track criminal activities. But all this control is lost when non-governmental organizations devise their currency.

Control over the currency has many different hidden currents, especially in the framework of the fiscal policy of the country, the business environment, and, of course, crime control.

I'm not talking about other countries but India, the country where I live in as well as familiar with the same. Here, I've not seen these guys doing anything but spreading a lot of FUD by not giving straight statements like Bitcoin is illegal, but they say that it is not legal. Now tell me, what are they exactly trying to convey? Still, an enormous amount of stupid fellas show up by trying to create panic in the markets by throwing air to those "literally spoken illiterate words" and fear spreads. Who wins? Those who are in the wait of gaining these coins for least values.

Coming to the bold part, why do you think that it's a scheme itself? This is what they're also saying about Bitcoins, that it's a ponzi.


I believe you're correct in this sense, but in the end, they're the ones running the government, and as the saying goes - A single sheep infects the whole flock.


To me, this forum helps a lot of people understand Bitcoins better, or at least try to - if they are really willing to. But if we talk about %s, I believe that not more than 10% of the forum members are even completely clear to Lightning Network and many newer concepts which are very greatly explained over their website as well as online articles are also available on this. But, who cares?
As well, people who're here to make a buck in bitcoins and wait for some time to convert that buck x times are 90% IMHO.

Yes because they have the resources and are using it to extract as much profit as they can from the people.

Regarding your comments, I would like to say that governments can not directly buy or sell cyrpto currencies even how they are accounting it if they do not legalise it but the intellegence or speacial governmental agencies can, otherwise it is not that easy to do by the governments trade on them.

the only proof we have currently is North Korea (best Korea) trying to, and having success hacking South Korea and Japan's exchanges. There have been several articles about it. Also, coins like nano and tron which are Chinese coins are not private business enterprises. The Chinese government has its hand in all major Chinese bussiness. That is why we pay was not allowed to buy western union. I think some of the smaller, poorer corrupt countries will pose a prob in this regard as well. The US government has allowed the CME and CBOE and now the Nasdaq in on the unregulated crypto market so they are definitely happy with a new revenue source. Plus the nickels and dimes they get from us. I'm still befuddled as to I will handle my crypto tax

While I appreciate or do not dscredit the fact that I there might be a plausible chance for people to feel that some governments might be trying to manipulate the cryptocurrency stock depending on what would suit them. However, I still think that there might be a small chance that this isn’t likely because of how decentralized bitcoin currency is.

While I am also with the idea that cryptos are to a certain extent decentralized and are independent of the governments, the truth is that the governments have a lot of leeway if they want to interfere in the natural movements of cryptos. This will lead us to conclude that governments can, in one way or another, manipulate the crypto economy. There are so many alibis the governments can use in doing it. For example, they will claim that they will look into possible tax liabilities, or about it highly being used for fraud or illegal transactions, or perhaps they are just protecting the welfare of its citizens in investing in it, and so on.

I do not know whether all this restrictions where manipulations, but they influenced the crypto market very much.

The US alone is 20 trillion in debt. Btc to them is nothing. Tax revenue sure, I guess it's possible they could move crypto to fund black ops but history shows they like to deal cocaine and weapons to fund slush funds. Public ledgers wouldn't interest them

Because that's where they are good at. Telling their people that they are safe but they are ensuring their own families full protection when there's bad situations like terrorism is happening so whether it's true or not, it is expected.

Yeap, it is not very good scenario, but I am almost sure, that some people are manipulating with the market and try to influence the price, in order to get benefit.

i also have to wonder if north korea meddles with bitcoin also because it is well known that they have a quite advanced elite hacking division in there military. Every time i see an exchange got hacked like the one in Japan recently that springs to my mind. But that aside i agree with you, i am not selling i am holding at least 1 btc just in case that scenario eventuates

I don't think governments are manipulating the crypto currencies,since it is a decentralized economy but they are trying to control it in the name of regulation,blah,blah.But still no one can control it,if prople want to use it they can but only the price may fall if more governments restricts the bitcoin.

Every government has the power to manipulate the flow of money. There is no assurance that they will be able to provide the price for each of cryptocurrency. It is still by chance, if there are so many buyers, then they might decrease the price, and then if there are no buyers, they will make the price high.

I think there is a possibility.

The government does not do these things by itself, they buy and sell digital money through the consortium they control!

Because of the hidden nature of digital currency, people have no way to find the direction of digital currency.

I don't agree that governments are manipulating the price of bitcoin, but I do believe in something much much worse. Governments can easily ban bitcoin, so it is not a real threat.

Instead, governments plan to let the cryptocurrency craze create a bunch of useful blockchain technology. They will use the blockchain to record every single transaction you make and tax you accordingly. They can analyze the data for money laundering or if they find you purchased something that wasn't government approved. Ledger technology is the government's wet dream. Why would they try to stop it?

In 2013 it was public knowledge that the us government controlled 8o% of bitcoin , controlled meaning they held 80%.Why , becasue they are the inventor of bitcoin as the russian reporter said and was laughed at by the deceived people.The CIA created bitcoin, that is why it is good to invest in it.They will only grow this thing becasue it is their creation to control and spy on people finances like they can not do with cash

I think indirect government can manipulate the price of cryptocurrency dude. you can see a tremendous impact on the cryptocurrency market when all governments in some countries are compact to ban cryptocurrency. and after that the cryptocurrency market becomes crazy and messed up. maybe will give a good effect to the market when the government wants to legalize cryptocurrency.

All this FUD'S will gone soon. Governments should react like that so bitcoin will dump and ofcourse after many FUD news they will reverse the situation and to think they are buying on dips so better to buy on dips before it pump.