Topic: The Chase to control the market! (Read 571 times)

I don't think that any company or institution is really likely for a control of the bitcoin market. This could have happened in the past when the price for 1 BTC was still relatively cheap, but now around the 30,000 USD level it's way too expensive for any single entity to acquire large amounts of Bitcoin. I mean the whole concept of crypto currencies is that not one person is in charge and the system is decentralised. Having now one institution taking control over the largest crypto market would be devastating, if it would be even possible. As soon as word would get out that one institution is buying large amounts of BTC, the price would jump up quickly and the cost of buying more coins increases. Another question would be, who is willing to sell his precious bitcoin to someone that wants to control the market? I would rather keep my coins instead of giving them more power.

The manipulation could be the influence from the bigger corporations and holders that can be said of their power and control. But yes, that's how it goes on this market whenever there have been some big movements just like this week.

Before there was a vast of people telling Bitcoin as a scam but it has changed over time, thanks to the adoption that have come to us. The institutions have also helped somehow in that manner.

But those that have stayed to the market and turned deaf from those negative echoes that they've been hearing from the uneducated folks.

I used to think about this too, if the government really wants to control bitcoins, they can print money and buy all bitcoins because people are investing in bitcoins to make money, they will be willing to sell their bitcoins if the government pays a higher price. 

You're right, long holding is really an important thing but I don't think everyone will do that.  we can also see most people are planning to sell their bitcoin when it hits $100k, no one wants to hold long term for bitcoin future. all for their own benefit, but I hope this won't happen.

Its funny how quickly and easily the world changed its view of Bitcoin. Remember when everyone mocked it as a criminal tool? Now its the institution's golden child. The hunter becomes the pursued in this classic case. Institutions were frightened of Bitcoin's strength and potential, but now they're clamoring for a piece.

The punchline: they thought it would be easy and money would fall into their laps. Wrong. Bitcoin is decentralized, therefore no one can control its market. Thus, while institutions are dabbling in it and trying to milk it for all its value, they're finding it difficult. I love this cosmic irony.

Those who hold the most bitcoins will be the most powerful in controlling market prices. But fortunately bitcoin adoption seems to be more even. Because people must first start accumulating before more governments or institutions enter into investing in bitcoin. But still, sometimes market manipulation is always stronger through the influence of the news media which can create panic through news. But I learned a few things in this. That is, when a lot of money was spread in the media, it turned out that at that time the big investors were in the process of accumulation. They bought when people were scared and started selling their bitcoins. That's why some say that we should take advantage of other people's fears.

They're not control the market instead they're controlling their citizen.

It's related to privacy where the government cooperated with the centralized exchange or creating their own exchange and wallet. They could froze or use their own way to control their citizen who use their exchange and wallet, if you afraid of this problem, you need to stick with P2P exchange and non custodial wallet.

Which is why long term holding is so important, not only as a way to profit from the market but as a way to limit the bitcoin governments can get by printing more money, otherwise at some point on the future governments could become the largest holders of bitcoin and then they could begin to manipulate it, like creating their own coin backed by bitcoin and forcing people to use it, using a tactic similar to what they used to deceive people to let go of their gold.

Change is inevitable. If before bitcoin was accused as a tool for scams and other forms of fraudulence, right now bitcoin is already seen as a tool for profits and prosperity. That’s why it’s not surprising that those different financial institutions have been in a race to get in touch with bitcoin and when they have finally owned some of it, the challenge to make them financially profitable have begun. While it’s easy on the eyes of other people to be in profits with bitcoin, but in reality it’s not. And the fact that no one’s capable to access the market and take its full control, make bitcoin engagement more challenging.

Bitcoin is fully decentralized so it Can't be control by anyone. But it is true that Bitcoin could be manipulated some times. Crypto whales can impact on Bitcoin price little bit. Yes there are many people from starting telling Bitcoin is scam. Still now many people telling Bitcoin is scam. But day by day People involving on Bitcoin. And It's popularity increasing day by day. I think it already proved that it is not scam. I strongly believe that bitcoin is  affected by anyone. Bitcoin cannot be influenced by anyone.

Wrong. It was called that directly!

In 2017 Larry Fink called it an "index of money laundering"
In 2018 Nouriel Roubini called bitcoin "mother of all scams"
In 2019 Jamie Dimon called bitcoin "a fraud"
In 2021 Donald Trump said "bitcoin feels like a scam"

I'm not adding links, you can google it if you want.


Wrong again. Government can print money and you are willing to sell your bitcoin for that money.
In theory they could buy as much bitcoin as there's on exchanges.

If they US could send 75 billion dollars to Ukraine, they could spend the same on bitcoin if they really wanted to.
What would happen if other governments also tried to get it at the same time?

True. They won’t be too harsh with bitcoin if they weren’t aware of its high potentials even before. They have banned it in most countries but until now, bitcoin is still left standing strong. Until such time that these financial institutions have finally started to adopt bitcoin and the government cannot do anything about it but to see it even more progressive and profitable as years passed by.

However, let me clear this that no matter how saturated the market will be, the crypto market will never be in controlled by any of these financial institutions and no other entities will be capable to do it.

No one can actually control the market, they can do some manipulation if they spend billions of dollars to acquire a lot of Bitcoins and then use them to create buying and selling walls on the market to manipulate the market and buy cheap Bitcoins from those who panic sell when they see the market crashing. However, I wouldn't call that controlling the market because they can't do this forever and their coins will eventually be sold if they keep doing that.

You are right that the people or organizations that used to call Bitcoin a bubble or a currency that is used only for criminal activities are accumulating as many as they can right now, and what we don't know is that most of these organizations and people don't even reveal this but are buying in the back end.

Governments and religious groups rejecting Bitcoin demonstrate their ignorance of blockchain technology's decentralization. Are they truly naïve to think they can stop technological and economic advancement? Bitcoin's resilience and adoption don't need approval.

MMM was sad, but blaming Bitcoin is like blaming cash for every Ponzi scheme or swindle! Bitcoin is a medium. These entities should quit blaming each other, educate themselves, and discern between technology and misuse.

You say "big companies"? They're not "joining the league" for fun. They see potential, innovation, and decentralized finance's inevitable supremacy. Bitcoin's popularity is a revolution, not a trend. If you disagree, keep shouting into the void; Bitcoin's market cap and global popularity will rise despite your bogus accusations.

Bitcoin already has this bad image on a lot of people around the world, for sure Bitcoin is used in a lot of illegal transactions through the past years, I mean it is actually a tool and its just Bitcoin's nature of being decentralized is somehow reliable to a lot of scammers, criminals, etc. out there. We can clearly see it in a lot of articles, news, etc. where Bitcoin becomes always a big part of illegal transactions. Even though there are a lot of allegations if you already know Bitcoin or what it is you know that Bitcoin is not what people think of it.

But through the years Bitcoin adaptation was already skyrocketed and there are already a lot of platforms, banks, and governments that are already supporting cryptocurrency and Bitcoin because they already know the potential of it, for sure there will be a lot of them that are going to be a part of the next Bullrun so everyone would want a piece of that,  I mean there is still time since the market is still holding on a current market price, for sure when the market price pump a huge percentage a lot of investors or whales are going invest again, I don't know if big companies are already buying today but maybe in the coming months were already going to see a huge increase considering there are already more people who know cryptocurrency and Bitcoin.

Bitcoin was indirectly called a scammer currency but only to those who are blind with the reality about bitcoin, and whatever the government talks about bitcoin, they eventually supported it even without intensive research. But now, everything has changed. Bitcoin is now starting to surpass the expectations about fiat, that’s why a lot of financial institutions are now favoring bitcoin and start to invest in it for future potential profits.

By the way, always know that bitcoin remained decentralized up to these days and it’s obvious that no other group or entities can control its market. As long as it’s not centralized, then the government will never gain the full access on it.

Money. Wherever the big companies see the opportunity to make money, they will take it. Bitcoin is fortunately on that side of the trend right now. Should I say fortunately or unfortunately? For me, fortunately, is the best what describe this situation. Because it is decentralized and no matter how much they try, they can't manipulate the market at their own will. So, control is not something that they will be able to do to the crypto market.

It's all about going with the flow. They will ride the tide as long as it benefits them. The moment it starts to go in the opposite direction, they will leave it immediately. Their involvement in crypto is like a necessary evil. We don't need them but they are doing good for Bitcoin's future. Even if it's little but it is helping. For the time being. More will join, and more will fall. This is how it is going to be until Bitcoin survives all of this and stand at the top in the end.

Some of these governments are already investos, despite that the government superiors haven't approved it, some of these governments have invested in bitcoin because they sees it as the safest way to hide some of the money that they have embezzled in the society, the way Bitcoin adoption is growing people that have criticized Bitcoin before are beginning to join the team because they have hear the positive reports from other investors, some of the people who haven't invested in bitcoin are been skeptical about Bitcoin because they haven't seen anyone who will show then proves of profits and tell them how to go with there investments while holding for the bullish season.

The percentage of those using Bitcoin for money laundering, ransom payment or drug dealing business and other illegal business is very small. Physical fiats that are untraceable is what is been used mainly for the illegal deals going on in different parts of the world.

The government knew they weren't telling the truth when they gave all those false accusations against Bitcoin but they were only protecting their interest that's why they spoke wrongly about bitcoin with every opportunity but they can't do that anymore because it isn't effective.

If they don't join others in investing now they'll regret in future and that's why every company is buying Bitcoin and now fighting for who will have the highest shares of the market gain when the price starts pumping but bitcoin is decentralized and not controllable like fiats.

Yes. It's simple, where there is innovation there is growth and this is showing where there are now many investors and institutions or let's just say the private sector is always looking for pure reserve assets and seems poised to become a source of additional demand for the store of value property that is Bitcoin and they believe Bitcoin solves one of the world's longest standing problems namely trust. Several countries that experienced episodes of hyperinflation had high Bitcoin adoption rates, including Venezuela, Argentina and others.

Hard to predict where we will be 4 or 5 years from now, but the train has left the station. Clear, the industry will continue to grow.
Now bitcoin will hover at 29k for a while, pay more attention to the trend of Bitcoin,  hold, and Follow the trend.
Those who stayed long-term in crypto have been greatly rewarded.