The Chase to control the market! - page 4.

flyingcarpet

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Quote from: DVlog on August 09, 2023, 11:52:08 AM

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 is not possible for them to control it, but it would be more accurate to say that they do not want to stay out of the market. From time to time, such negative things were said about Bitcoin, and these words are not said as much as before. Everyone is buying to own Bitcoin. Because critics in the past saw that they were unfair in their criticism.

One of my favorite aspects of Bitcoin is that it still stands tall despite all the criticism.

Franctoshi

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Quote from: DVlog on August 09, 2023, 11:52:08 AM

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.

Bitcoin is now time-proven to be a real project other than a scam coin they thought it was going to be and those who mocked and laughed at the project have now joined the ship, showing that Bitcoin is indeed the future and more are yet to come. This is why we should hold every portion of Bitcoin we own very tight because the future is very bright for BTC.

mv1986

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Quote from: DVlog on August 09, 2023, 11:52:08 AM

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.

The banks' stance on Bitcoin being a scam probably hasn't changed. Or it has never been their stance in the first place because they probably call everything that's competition to their system a scam.

But banks are in for every gamble that could make them money. Whether it is a scam or not does not matter. Remember mortgage-backed securities? Since it was them who sold those "assets Cry

", they didn't call it a scam of course, but they knew it was a scam.

They called Bitcoin a scam because they slowly realized what's coming their way and the young people stopped buying ETF saving plans and instead put their money into crypto projects. But the industry has now grown big enough that the daily liquidity is sufficient for banks to make money off of trading as well, or offering the services to act as a custodian or own part of trading platforms.

You could promote the tulip bubble again and all the banks will call it a scam, but if you can grow the tulip bubble big enough, you will see that banks will offer tulip trading. Wink

Lorence.xD

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Quote from: DVlog on August 09, 2023, 11:52:08 AM

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 normal for Bitcoin to have a negative background to some people since they don't have the knowledge yet about the potential that Bitcoin could give. We all know that due to Bitcoin's decentralization, we can't deny that some criminal activities are present in Bitcoin but of course it's not Bitcoin to blame since its open for everyone. As for the government they can't control the market as crypto industry is decentralized. Here in my country they which is the PH, they really want to put some taxes in every transactions in crypto since they are aware that people could earn huge money without even paying taxes. So of course they did not succeed. A government could only ever do is to ban them in their country. It would really depends on the people on what would be the fate of their assets in crypto.

DVlog

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Quote from: franky1 on August 09, 2023, 08:47:29 PM

controlling the spot market is difficult as there are many countries with many spot markets(exchanges)
however even though some countries have ETF markets everyone is waiting for the 'first mover advantage' of a US ETF

Yeah, BlackRock like companies sitting on a pile of cash that can be injected into the markets if they got the approval. These players are not like elon or some social media figure. They are some real deal and they know the business. Bitcoin supply is limited so they can grab a portion of the market and use it to manipulate it in their favour. Moving the btc price a few thousand of dollars is not so big deal for these giants.

khiholangkang

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Quote from: rikybrosh on August 09, 2023, 07:41:56 PM

bitcoin is not spread evenly yet, so it is still possible to control the market. anyone who have capital can control the bitcoin market. but bitcoin also depend on the sentiment, good or bad sentiment can influence bitcoin price. sentiment factor only give small effect, capital give biggest influence in bitcoin price.

It's not easy and look at how big the bitcoin marketcap is, they have to have a large amount of money and find a place that sells that much bitcoin, if an exchange has half the number of bitcoins in circulation it's possible, but bitcoin is spread across many exchanges that make it difficult for a group to move the bitcoin price even if he has a lot of money, and again their competition is many, whales are not just one or two, and these institutions are competing with each other.
And who has that much money? Even microstrategy, which is now famous for holding lots of bitcoins, when they sell their bitcoins, I'm sure bitcoin will still return to its proper position in the future.

Speculation from people who have popularity and or big world governments that have influence in the world economy will definitely give sentiment that affects the bitcoin market, we have seen that a long time ago, saying bitcoin scam, ponzi and so on, but they are silent when bitcoin reaches The ATH is annually, this is possible, but it doesn't have an effect over a long time.

Adams0001

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Quote from: DVlog on August 09, 2023, 11:52:08 AM

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 great to see how things have changed since bitcoin was launched. When the instinct of something is just and positive, it’ll always find a way to outshine all negativity surrounding it and I think this is the case of bitcoin today. Institutions now making it look like a competition on who will own the more numbers of bitcoin which i feel it’s good for the development of bitcoin as well. This will increase the number of people holding bitcoin and also have some effect on the price stability (uptrend manner) of bitcoin. Bitcoin is winning and no one will love to be left behind, I expect more competition of such institutions in the future again.

mendace

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Unfortunately the mass media always do a shitty job when it comes to badmouthing something and that's why Bitcoin hasn't enjoyed great popularity. It is now coming back to the fore as altcoins have all turned out to be a waste of money and time and thus many have started to understand what Bitcoin means.

franky1

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controlling the spot market is difficult as there are many countries with many spot markets(exchanges)
however even though some countries have ETF markets everyone is waiting for the 'first mover advantage' of a US ETF

Dr.Bitcoin_Strange

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Although the majority of people saw Bitcoin as a scam in the beginning, they were very sceptical about it, but for the government, even as they have realise how fast Bitcoin is dominating, the problem they have been having with it for the past few years is still the same, which is decentralisation and volatility. The government is looking for every possible means to make Bitcoin centralised so they can have everything under their control. But now many are embracing Bitcoin for the benefits and not to control the market, and it really would not be possible to control the market.

rikybrosh

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bitcoin is not spread evenly yet, so it is still possible to control the market. anyone who have capital can control the bitcoin market. but bitcoin also depend on the sentiment, good or bad sentiment can influence bitcoin price. sentiment factor only give small effect, capital give biggest influence in bitcoin price.

Darker45

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If there is any real FOMO, I think this might be one. In the past, many would easily brush aside the idea of Bitcoin. But now that giant financial institutions like BlackRock, Invesco, WisdomTree, Fidelity, VanEck, and others have already shown big interest in it, time is not on our side anymore. Trillion-dollar companies are getting into the game. We simply can't allow ourselves to be left behind. I'm 100% sure that one day we will miss this level of affordability.

noorman0

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[Nope]No hype delivers more than hope

Depending on how they approach it, even for a class the government must study the behavior of the average citizen before embracing foreign entities (not their own products). This aims to prevent criminal cases that (maybe) they have not been able to overcome.

In the past, negative perceptions of bitcoin were common as much as the way the introduction of bitcoin (indirectly) by the news media was associated with criminal cases. Today, the dominance of influencers is higher with their various interests, they can educate and expose everything including their wealth thanks to crypto to make ordinary people more interested in becoming their "puppets". This has slowly changed the perception of the past to be more welcome, although still with the wrong start.

Awaklara

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Quote from: DVlog on August 09, 2023, 11:52:08 AM

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.

the views of those who see Bitcoin as a scam changed when they realized that more and more Bitcoin users were around them, especially those who run goods and services businesses. when more customers ask if can accept payment with Bitcoin? it will be a blow for business people to immediately move to their market which turns out to be a lot of people using Bitcoin. they have to follow the direction of the market, but that doesn't mean that anyone has to control their market. all just do not want to be left behind by the competition.

Smartvirus

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How do you control the market when you don’t have enough to fully provide the liquidity that would be well enough to flood the market with more coins to result a sentiment and cause an impact without the institution in itself having to lose a huge part of there hodlings should we even imagine it possible.

Quote from: DVlog on August 09, 2023, 11:52:08 AM

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.

Ignorance they say is not an excuse for the law and users not having to understand have got themselves to contend with over their insensitivity about the innovation. Of course they would stand corrected from time to time as it has been and thats going to come with them having to buy at a higher price with the market still validating the price to a bitcoin.

nelson4lov

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The phrase "If you can't beat them, join them" is at work. Another fact worth considering is that most organizations can't easily pivot to using Bitcoin as a payment gateway or integrate it into their platforms simply because it was a new technology with big promises or cutting off intermediaries. So they choose to ignore it at first or probably because you need to get approval across the board before you would be able to make a change as big as adopting bitcoin plus possible legal implications in their organization region.

Better late than never in my opinion but no one person or individual can control bitcoin network at the end of the day.

AmoreJaz

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Quote from: lionheart78 on August 09, 2023, 04:29:34 PM

Quote from: DVlog on August 09, 2023, 11:52:08 AM

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.

The government and other anti-Bitcoin party often spread lies to demerit Bitcoin. But they think that their effort is in vain and that Bitcoin continues to proliferate. With that, it is possible that these anti-Bitcoin entities have a change of heart and implement a strategy called, "if you can't beat them, join them". The reason why there is some individuals who used to hate Bitcoin and now have a change of heart. Probably they come to the conclusion that they will be missing out if they keep on pushing Bitcoin away so they decided to join the Bitcoin bandwagon.

and i bet, most of these anti-bitcoin entities don't know what they are saying. try asking them about bitcoin or blockchain tech and they won't know what to say. and people nowadays can easily educate themselves regarding the facts about bitcoin and crypto market, hence, the government can't beat such source. because anyone can just hit the search button and a lot will come up if they are open to understanding what's really going on.

CryptSafe

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Of a truth the competition is high on who would take charge of the crypto industry. At first they started with smear campaign as you have said but they could not stop the boom. They came with restrictions, ban and termed it illegal but they still failed to understand that this era is a technological era which cuts across all divide and the finance industry is not left out.

Finally, they came up with policies to confine crypto activities putting it under their watch and then they remembered that they could generate revenue through tax payment from the crypto owned organizations which worked out for them because the owners of those crypto organizations are well known with location and identity. So they were able to penetrate crypto industry to do their bidding's but one thing I know for sure is that the government can not and can never be able to control the BITCOIN as it has no body claiming control over it and all other crypto assets are dependent of bitcoin in existence.

Asiska02

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Quote from: DVlog on August 09, 2023, 11:52:08 AM

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.

That was a false indictment against bitcoin. Over the years, it has been realized that with bitcoin decentralized nature, and not having a central authority makes it easy to track illegal transactions in the network within a speculated time the incident happened. Once the address of the scammer is known, they can be tracked easily.

Quote

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.

Bitcoin have undoubtedly attracted a lot of institutions and no one want to be left behind. Many have now accepted to flow with the new technological revolution of digital currencies. Even though their joining is relevant to the adoption of bitcoin, they still do it for their own personal gain for the company.

lionheart78

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Quote from: DVlog on August 09, 2023, 11:52:08 AM

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.

The government and other anti-Bitcoin party often spread lies to demerit Bitcoin. But they think that their effort is in vain and that Bitcoin continues to proliferate. With that, it is possible that these anti-Bitcoin entities have a change of heart and implement a strategy called, "if you can't beat them, join them". The reason why there is some individuals who used to hate Bitcoin and now have a change of heart. Probably they come to the conclusion that they will be missing out if they keep on pushing Bitcoin away so they decided to join the Bitcoin bandwagon.

Topic: The Chase to control the market! - page 4. (Read 571 times)