Topic: The Chase to control the market! - page 2. (Read 567 times)
It will be difficult for the institutions to control the price of Bitcoin or crypto, because the industry is too large for a single institution to remote the dumping and pumping of the Bitcoin and crypto in the market. I think, many institution are using this opportunity to buy Bitcoin and cryptocurrencies to be part of the next move of the market price, because there is a hope that the price of Bitcoin will reach $40,000 before the end of this year which is the reason why those institutions are trying their possible best to achieve something good from it in the future. Those governments that called Bitcoin a scam currency some years ago later discovered that it was not a scam currency that made them to adopted it for their countries to be part of those countries that is enjoying Bitcoin today.
I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.
If you want to control the Bitcoin market, I guess, at least, you need control the supply. Is it possible to control the supply?
Yes, I was in this space for much longer than 5 years and I can remember a time where there were hardly any "public" place, where you could buy bitcoins. We bought bitcoins from anonymous online sources and we sold it person-to-person in Bitcoin meetup groups to stay anonymous.
Things have changed a lot since then, with Crypto currency Exchanges popping up like mushrooms and pseudo anonymity 100% destroyed. Almost nobody care about anonymity and almost all platforms require KYC verification.
Things have changed a lot since then, with Crypto currency Exchanges popping up like mushrooms and pseudo anonymity 100% destroyed. Almost nobody care about anonymity and almost all platforms require KYC verification.
I don't think any institution is trying to control the market, BTC network is decentralized; so it cannot be controlled by anyone, what you are describing is different from what control is. What you are describing is simply that more people and institutions are joining the network, and it is normal. People had and still have wrong impressions about BTC and the network, but many of them later change their ideas to become adopters, it does not mean that they want to control it, which they can't obviously.
If you gave any institution or corporation the ability to control (or at least, significantly influence) the Bitcoin or the cryptocurrency market, they would jump at the opportunity. This, I have no doubts of. Though the market can not be completely controlled, just influenced....and it is influenced quite often. Fortunately as more institutions, corporations and even businesses seek to use or profit from Bitcoin, the ability to have influence will reduce as supply becomes more widespread.
Relating to the rest of what you are saying, this is one of the strongest attributes of Bitcoin. Causing someone to first hate it, call it all of the names and insults that can stick....and then years later completely contradicting themselves by realizing BTCs value. I love that, and I love seeing it happen first hand
People who are still having doubts or impressions will be forced to learn sooner or later.
Government never like bitcoin but they can't do anything to stop it and I believe one day those who hate bitcoin will use bitcoin even more than those who are using it now. It is because of this scamming accusation many religious leaders and followers dislike the coin. On their own they just dislike the coin call it with different names yet nothing come out from them. We continue use it p2p. Many people dislike the coin because of what e to many people in the world through Money Making Machine (MMM) and when bitcoin came to popular in the my country, everyone was afraid to join the technology and few people accepted it. Those who call bitcoin as as bad something is confirming the pressure of the increment of the coin. But big companies are joining the league. " If you can't beat them, you join them" and this how it goes to happen in the cryptocurrency world. Bitcoin market is riing every year so those who hate bitcoin will participate in the investment.
Let's hope these institutions manipulation is over and bitcoin is adopted in a good decentralized natural way. Being a retail investors, it is necessary for us to know that we do not have to sell our bitcoin when these whales will spread negativity everywhere forcing us to sell our bitcoins and they (whales) buying them cheap.
I can't really expect whales to care about such things - but I tend to expect traders to be smart enough to anticipate manipulation. After all bitcoin shouldn't be built around institutions and whales - meaning each of the holders has full rights to sell and hold it and follow its investment plan.As you said, each holder has full rights to sell or hold.
The Pope and institutions also take that right, but they will manipulate it to benefit themselves.
See how the bitcoin market suddenly crashed because of some manipulations and conspiracies done to bring down bitcoin.
When it works they will get a cheaper price.
As a retail trader, or as a shrimp (nickname for small traders) I just follow them and don't fight the flow.
If you want to keep holding then prepare a reserve of funds to take advantage of the market crash so that we can get cheaper prices.
Before that was people thought about Bitcoin more on the dark market but with the potential of it and being decentralized people sees the potential of it also with the hype of different project bitcoin now known by people not only use of it instead with the benefits of it's security and have the anonymity.
Anyone today can buy a number of Satoshi or even bitcoin if you are getting worried about the number of people who have this we cannot control it because they have the money. Else if you are afraid of your investment better to make a plot with the market price movement to prevent unrealized loss.
Anyone today can buy a number of Satoshi or even bitcoin if you are getting worried about the number of people who have this we cannot control it because they have the money. Else if you are afraid of your investment better to make a plot with the market price movement to prevent unrealized loss.
-snip-
There is still a dark side to this as the institutions and whales are not approaching the adoption in the right direction. Most of the time these big whales move the market down in order to buy low and accumulate. There are many dirty games being played by them. If you remember how Elon Musk put the logo of Bitcoin on their Twitter profile and then removed it and how that market reacted to it.Let's hope these institutions manipulation is over and bitcoin is adopted in a good decentralized natural way. Being a retail investors, it is necessary for us to know that we do not have to sell our bitcoin when these whales will spread negativity everywhere forcing us to sell our bitcoins and they (whales) buying them cheap.
I can't really expect whales to care about such things - but I tend to expect traders to be smart enough to anticipate manipulation. After all bitcoin shouldn't be built around institutions and whales - meaning each of the holders has full rights to sell and hold it and follow its investment plan. I don't think any institution is trying to control the market, BTC network is decentralized; so it cannot be controlled by anyone, what you are describing is different from what control is. What you are describing is simply that more people and institutions are joining the network, and it is normal. People had and still have wrong impressions about BTC and the network, but many of them later change their ideas to become adopters, it does not mean that they want to control it, which they can't obviously.
If you gave any institution or corporation the ability to control (or at least, significantly influence) the Bitcoin or the cryptocurrency market, they would jump at the opportunity. This, I have no doubts of. Though the market can not be completely controlled, just influenced....and it is influenced quite often. Fortunately as more institutions, corporations and even businesses seek to use or profit from Bitcoin, the ability to have influence will reduce as supply becomes more widespread.
Relating to the rest of what you are saying, this is one of the strongest attributes of Bitcoin. Causing someone to first hate it, call it all of the names and insults that can stick....and then years later completely contradicting themselves by realizing BTCs value. I love that, and I love seeing it happen first hand
People who are still having doubts or impressions will be forced to learn sooner or later. 
I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.
There is still a dark side to this as the institutions and whales are not approaching the adoption in the right direction. Most of the time these big whales move the market down in order to buy low and accumulate. There are many dirty games being played by them. If you remember how Elon Musk put the logo of Bitcoin on their Twitter profile and then removed it and how that market reacted to it.
Let's hope these institutions manipulation is over and bitcoin is adopted in a good decentralized natural way. Being a retail investors, it is necessary for us to know that we do not have to sell our bitcoin when these whales will spread negativity everywhere forcing us to sell our bitcoins and they (whales) buying them cheap.
I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.
Well not sure where country you're from, but I haven't heard that much of a news here in my country regarding institutions chasing to buy or adopt the usage of Bitcoin. Surely most of the institutions are aware of Bitcoin's existence and they usually just tend to avoid the "uncertainty" of having to use one due to volatile prices that's happening with it.In the early years of Bitcoin, most country warn their citizen about Bitcoin due to the possibility of scams or the possibility of being exploited by the scammers using Bitcoin. Since Bitcoin are yet to fully establish its footing on those days, the government warns their citizen of possible huge losses if Bitcoin collapses. But due to Bitcoin proving itself again and again, many government decided to lean on being friendly or neutral about BTC
I just wish that government would just not really attempt to control their people in how they wanted to handle their own money.
Our central bank make it illegal to trade any kind of crypto assets and news papers and news channels are releasing negative bias news against it. But this just fasten the adoption and publicity of bitcoin within our local community. Many youth are working in different sector of the industry and earning a respectable income. Let the government do their things and we will do ours.
I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.
Well not sure where country you're from, but I haven't heard that much of a news here in my country regarding institutions chasing to buy or adopt the usage of Bitcoin. Surely most of the institutions are aware of Bitcoin's existence and they usually just tend to avoid the "uncertainty" of having to use one due to volatile prices that's happening with it.In the early years of Bitcoin, most country warn their citizen about Bitcoin due to the possibility of scams or the possibility of being exploited by the scammers using Bitcoin. Since Bitcoin are yet to fully establish its footing on those days, the government warns their citizen of possible huge losses if Bitcoin collapses. But due to Bitcoin proving itself again and again, many government decided to lean on being friendly or neutral about BTC
I just wish that government would just not really attempt to control their people in how they wanted to handle their own money.
But still no one can control the market. The market will keep going as we see. And it's true that now many agencies or companies have invested in Bitcoin because they see the potential for the development of Bitcoin in the future. They don't want to be late to participate in Bitcoin investment.
It's hard to deny the presence of Bitcoin at this time, especially with the potential benefits that individuals or companies can obtain. This keeps many people and companies continuing to buy more Bitcoins. In the next year, when the halving will come or even after the halving, Bitcoin's popularity will increase even more than now.
No one wants to say how much BTC they already hold because its a secret. Maybe the question is: Have you bought BTC today?
Organizations and businesses are embracing Bitcoinbecause they see its unquestionable future. Everyone will come to regret not joining the game now. It matters not only where it is at now but also where it is going. Shaving in half? Bitcoin's value will soar as a result, leaving those who do not hold behind.It's hard to deny the presence of Bitcoin at this time, especially with the potential benefits that individuals or companies can obtain. This keeps many people and companies continuing to buy more Bitcoins. In the next year, when the halving will come or even after the halving, Bitcoin's popularity will increase even more than now.
No one wants to say how much BTC they already hold because its a secret. Maybe the question is: Have you bought BTC today?
The amount of Bitcoin that someone owns is irrelevant to me. However, you're losing out if you dont buy. Do you enter or exit?
And if the Bitcoin price stays like this for a while, I will continue to buy Bitcoins because this is still a good opportunity to accumulate more.
How about you? Have you entered or exited or are you still trying to figure it out and want to wait for the price to decrease again, like a few months ago? It's your decision
Trying to join the train is not trying to control the market, they are here just like everyone else, they have bigger money to invest in Bitcoin and we have what we can afford to lose, even if a companies has 50,000BTC they still won't be able to control the market, Bitcoin supply doesn't belong to one person, it's well saturated in the world, maybe you are talking about manipulation? If that's the case then it's possible but not for long, and most times manipulation doesn't work as planned, crypto market is getting stronger, if what happened to FTX happened in 2018 it would have been more disastrous..
Hmm...the problem with big companies in the Bitcoin market is they are sitting on a pile of cash that they can use to manipulate the market. Just think what MicroStrategy can do now when big giant companies like BlackRock trying to join the market. MicroStrategy can literally crash the market 40%-50% with just a single tweet. Some might say this will bring the opportunity to grab some cheap bitcoin but what about those who put high leverage? This kind of manipulation in the market damages retail investors mostly. The only gainers are centralized exchange and big institutions like MicroStrategy.
Trying to join the train is not trying to control the market, they are here just like everyone else, they have bigger money to invest in Bitcoin and we have what we can afford to lose, even if a companies has 50,000BTC they still won't be able to control the market, Bitcoin supply doesn't belong to one person, it's well saturated in the world, maybe you are talking about manipulation? If that's the case then it's possible but not for long, and most times manipulation doesn't work as planned, crypto market is getting stronger, if what happened to FTX happened in 2018 it would have been more disastrous..
I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.
Well not sure where country you're from, but I haven't heard that much of a news here in my country regarding institutions chasing to buy or adopt the usage of Bitcoin. Surely most of the institutions are aware of Bitcoin's existence and they usually just tend to avoid the "uncertainty" of having to use one due to volatile prices that's happening with it.In the early years of Bitcoin, most country warn their citizen about Bitcoin due to the possibility of scams or the possibility of being exploited by the scammers using Bitcoin. Since Bitcoin are yet to fully establish its footing on those days, the government warns their citizen of possible huge losses if Bitcoin collapses. But due to Bitcoin proving itself again and again, many government decided to lean on being friendly or neutral about BTC
No one can control Bitcoin at the moment. I think you misunderstood those things; they are just advertising Bitcoin because all of us want to increase its adoption because we will benefit from it as the price increases. There are whales right now that are smart and not also trying to control the price, because if so, then for sure the price right now is already low.
Controlling the system or network and manipulating the market are two different things. Whales may manipulate the market but there is no way whales can control the Bitcoin network.
I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.
Well not sure where country you're from, but I haven't heard that much of a news here in my country regarding institutions chasing to buy or adopt the usage of Bitcoin. Surely most of the institutions are aware of Bitcoin's existence and they usually just tend to avoid the "uncertainty" of having to use one due to volatile prices that's happening with it.No one can control Bitcoin at the moment. I think you misunderstood those things; they are just advertising Bitcoin because all of us want to increase its adoption because we will benefit from it as the price increases. There are whales right now that are smart and not also trying to control the price, because if so, then for sure the price right now is already low.
"At the moment"? No one can really control Bitcoin, xSkylarx. You could control your users like how devs of custodial wallet do to their end users, but that's the least and best way you could control the usage. You cannot still control on how people would send their Bitcoin to another address. I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.
It's interesting to see how things quickly change, isn't it? My guess is that probably the governments realized since the beginning how powerful bitcoin was, and they also understood that it would be extremely hard for them to limit/control it, so they tried everything in order to make it look bad but, fortunately for us, the bitcoin community was stronger than the FUD, and at that point BTC was something already too big to be contained by the governments.It is not about the government. They are still considering the crypto industry as a threat. They now realize that they can not control the bitcoin market for its decentralized nature so they want to put regulation. They might think it's easy to float with the waves is better than trying to stop it. The big institution is trying to get into the market first so that they can attract most of the liquid.
I don't think any institution is trying to control the market, BTC network is decentralized; so it cannot be controlled by anyone, what you are describing is different from what control is. What you are describing is simply that more people and institutions are joining the network, and it is normal. People had and still have wrong impressions about BTC and the network, but many of them later change their ideas to become adopters, it does not mean that they want to control it, which they can't obviously.
No one can ever control a decentralized market, unless if it becomes semi-centralized. However, despite of the fact that bitcoin remains decentralized, the interest to embrace and join its network has even surge high. Not only because they have been amazed of its impressive price, but also they have realized that the world is going nowhere but to adopt bitcoin for good, simply because the people have seen their future in bitcoin, and that everyone wants to take a leap and do not want to be left behind. 
But still no one can control the market. The market will keep going as we see. And it's true that now many agencies or companies have invested in Bitcoin because they see the potential for the development of Bitcoin in the future. They don't want to be late to participate in Bitcoin investment.
It's hard to deny the presence of Bitcoin at this time, especially with the potential benefits that individuals or companies can obtain. This keeps many people and companies continuing to buy more Bitcoins. In the next year, when the halving will come or even after the halving, Bitcoin's popularity will increase even more than now.
No one wants to say how much BTC they already hold because its a secret. Maybe the question is: Have you bought BTC today?
Organizations and businesses are embracing Bitcoinbecause they see its unquestionable future. Everyone will come to regret not joining the game now. It matters not only where it is at now but also where it is going. Shaving in half? Bitcoin's value will soar as a result, leaving those who do not hold behind.It's hard to deny the presence of Bitcoin at this time, especially with the potential benefits that individuals or companies can obtain. This keeps many people and companies continuing to buy more Bitcoins. In the next year, when the halving will come or even after the halving, Bitcoin's popularity will increase even more than now.
No one wants to say how much BTC they already hold because its a secret. Maybe the question is: Have you bought BTC today?
The amount of Bitcoin that someone owns is irrelevant to me. However, you're losing out if you dont buy. Do you enter or exit?
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