Topic: The Chase to control the market! (Read 568 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.

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.

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. 

The first reaction people have to anything new is rejection, people have a resistance to change and they want everything to remain the same, an impossible wish as everything is evolving all the time, including themselves, and when we add there is a lot of misinformation out there about bitcoin then this response becomes even more intense, however slowly some people are learning more about bitcoin and realizing it is not as bad as the media claims and instead it could also be exactly what they need at this time.

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.

Being a smart trader is quite necessary in order to be able to keep up with the game that the Pope set up by doing a lot of manipulation.
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.

virasog - i don't see it as a side of the degree because basically every one of them has their own financially profitable plan. Even if bitcoin has cases of abuse by some users - that is also not the dark side one would expect from bitcoin. They exploit the market and traders' emotions to their advantage - but that is clearly frowned upon.

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.

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.

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.

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.

Well til this day, my local news still warn their people about the usage of Bitcoin although it's not technically regarding scams and exploitation, but rather the volatility of the market which kinda gets people off their railings in their savings. Even in my local app, I kinda get annoyed regarding the multiple instances of warnings even though I know that they just meant good anyway.

I just wish that government would just not really attempt to control their people in how they wanted to handle their own money.

Since Bitcoin dipped to around $30k yesterday, I have started buying Bitcoin to stock up for a bull run later in the next year before or after the halving. And I have also managed to buy under $ 20k too so I don't care anymore about the price of Bitcoin going up and down as it is now.

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

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..

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




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.

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.

"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.

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.

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.

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.

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?

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.

However we must not forget that those financial institutions do not really care about bitcoin and how it works, they are after the money and nothing more, so while their intention may not be directly to control this market, if such control allowed them to get more profits then it is likely they will try to push for it, unfortunately many retail traders care only about the profits as well so it is almost a certainty that there will be a very strong push to try to tame bitcoin and control it completely during the next years.

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 it's a secret. Maybe the question is: Have you bought BTC today?

There is no question that today Bitcoin has already come of age with the many recognitions it is getting. There are now many famous personalities who in the past called Bitcoin as something undesirable but they are now singing praises of it. As to financial institutions making their entrance into Bitcoin, well maybe they finally realized that Bitcoin is something that can not be stopped so why not be a part of its supporters and be making some good money of it? And this is just the beginning for sure as we are still in the second decade of Bitcoin, for sure many astonishing developments can be coming in 2024 and beyond. The question is: How many BTC are you holding?

People are accepting bitcoin due to the fact that bitcoin is not controlled by anyone that's why no one can control its price. Bitcoin is still used for bad activities but not by everyone and majority of people are purchasing bitcoin in a hope to meet the demands of life.

Everyone these days are in willing to become a participants in the investment of bitcoin as they have complete idea about the past success and they know that it is the only way to be wealthy one day.

The fact is, Bitcoin's financial freedom and decentralization have made market control difficult for governments and financial institutions. Several countries have tried to introduce tax and control measures, but often struggle due to the openness and decentralization of the cryptocurrency system.

The fate of crypto assets will really depend on how each person manages and uses them. Bitcoin offers the opportunity for financial freedom and personal control, but this also requires vigilance and understanding to consciously face challenges and opportunities.

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.

Yes, there was a time when few people understood what it was and what would follow in the future. You could hear a lot of different things about bitcoin and about this crypto in general.
What do you mean by "Who will control the market?". You mean that bitcoin is becoming more and more popular and is penetrating into different areas and they cannot control bitcoin, maybe they can influence the price of bitcoin for a while

Where do you get this kind of idea? No one wants to control the market because it’s very impossible for some institution to purchase the majority of Bitcoin without pumping the price.

And if your assumption that everyone trying to jump over Bitcoin, why the price is still stagnant halfway below the previous all time high? Th pe price should be ranging above the previous ATH if your assumption is correct. Bitcoin is still not on the full potential level that the majority of institutional investor is already involved.

Large capital can indeed have an effect on the price of Bitcoin in the market, but because not everyone can have the same amount of capital, it makes the effect on prices less efficient. This I mean when those who have a lot of capital release all their Bitcoin into the market, the price will tend to decrease faster unless they still want to hold it for a long time because they still really care about the price of Bitcoin. What you say is logical, but news sentiment can still affect many people and most of them are Bitcoin holders so that some holders feel shaky with what they are holding.

I also heard a statements about Bitcoin here in my place that it's only use by people who did fraudulent activities. Out of curiosity, I study Bitcoin and I found out that the statement is not true. I learned that Bitcoin was made for people who don't want to expose their identities in order to protect their lives from bad people. Since banks knows the name of their investors, but with Bitcoin we didn't know it. We know that Bitcoin can be used in bad things but we have to bear in mind that this is not the purpose of Bitcoin.

Unfortunately, even now the government sees bitcoin only as a threat. And if in a big sense, the government believes that bitcoin can shake the country's economy, because no banks or intermediaries sending money are needed, because cryptocurrencies make it possible to send money anywhere and anonymously. And more narrowly, the government believes that bitcoin is used only for payments for drugs, and other bad things. I think after the appearance of the first cryptocurrency, the FBI has added a lot of work to combat, because all these concerns of the government are not groundless.

It was initially true. There were many speculations and concerns regarding its illicit use. Governments often doubt because they don't know enough. Bitcoin was nearly labeled a tool for criminals. Despite the odds, it survived and thrived.

Now, its acceptance has increased, or increased, repeatedly. Big and small, ancient and new industries appreciate its value. It is authorized in many nations, and factories trading in Bitcoin is encouraging. Remember that a country that trades Bitcoin doesnt necessarily have a robust economy. In today's environment, Bitcoin shines brightly on enterprises and states. The event is genuine, yet its just another currency in finance.

As I understand it, by controlling the market you mean price manipulation by the owners of capital. Otherwise controlling Bitcoin and the market is not a monopoly of anyone and it is almost impossible. Because Bitcoin is not controlled by anyone and Bitcoin is based on a decentralized network and the consensus and communication of the participants. Therefore even if part of the network goes down transactions continue.
At the same time, Bitcoin allows blockchain technology and various algorithmically processed defense mechanisms to prevent fraud attempts. This part may not be in the interest of governments and states. The owners of capital cannot fully control Bitcoin but they have the power to shake up the market to the extent of their holdings. This does not mean that Bitcoin is controllable.

In fact, if you look at the history of Bitcoin, you can understand how the popularity of Bitcoin has increased and from which stage it is in which position. They considered Bitcoin to be a scam by the government where Bitcoin is supposed to be legalized as the country's virtual currency. Almost all the governments of the countries expressed negative aspects of this Bitcoin. As the government thought that illegal money laundering or drug dealers and money laundering will be done by this Bitcoin but it has gone completely opposite now. Currently Bitcoin has come to a position where industry and institutional sectors have started using Bitcoin. How popular this virtual currency has become can be understood by the impact we have now where Bitcoin has been legalized in many countries and various companies including factories are trading Bitcoin. All the countries that have accepted Bitcoin and transacted with this virtual currency have advanced and developed economically.

Well, actually there are certain individuals who took it upon themselves to damage bitcoin's reputation when it took flight, there is always someone who does this kind of thing, because we are not going to say that there are no people who do not scam, and do not try to harm For the rest of us, it would be covering our eyes and ignoring its existence, which is why I understand that at the time it was seen in this way, although now the situation is very different, despite the fact that these things continue to happen, and everyone knows about it of bitcoin or well the majority, and they recognize that the currency is not to blame, for what they do with it, now the question is who will dominate it, it is incredible that governments cannot let something continue with its original purpose...But they will It will make it very difficult for them and I could say that it is even impossible to achieve with said fact, bitcoin came  is decentralized and free and that is how it should stay.

Actually, these thoughts and news are still around today. However, many people still don't like Bitcoin. Because of this, many negative things are always reported about Bitcoin. moreover, if there is a small incident related to Bitcoin and it is a bad thing, then it will be brought into big news.

but it is undeniable that the role of the government in the development and acceptance of Bitcoin in society will be very influential. When the government finally approves and legalizes Bitcoin, there will inevitably be pros and cons. but on the other hand, there will indeed be more and more people who also don't hesitate to get into Bitcoin.

Bitcoin is already changing lives that is why many of the big institutes and companies are taking the advantage now to accumulate Bitcoin and keep it in a safe wallet for a long time so that the price can appreciate more and more for a huge profits.
 At the beginning, many thought Bitcoin does not worth the stress of holding it and many sold there holdings why some other persons dturm there back on Bitcoin because of the rumor they heard. Now many institutes and companies are ready to hold Bitcoin so that they can become whales and have control of Bitcoin to there own advange.

You just rephrased what i said in my previous comment mate! i don't know the reason but i think you took it my mistake (means misunderstood the meaning of my post). Because i was not asking i was telling there making a simple statement means i also agree that BTC ETFs are not real BTC and they do not provide us the full decentralization because those BTC ETFs are controlled by companies which got those ETFs approved like the Blockrock (if they get approved).

In the past few years  I believe that many people believed that Bitcoin was primarily used for illegal activities or, as you mentioned money laundering. However, this is not the case at all. Similar activities can also be conducted using fiat currencies, so yeah.

Bitcoin was actually designed to simplify various processes. For example conducting global financial transactions could become more convenient compared to using fiat currencies. In addition to that, the concept of having a single universal currency that could be used worldwide is quite promising imho.

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.

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.

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 ", 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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.


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.

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.

It's such a pity that this kind of attack is also coming from the governments all because they couldn't regulate bitcoin, but now it seems they are realizing they could possibly allow bitcoin and go against other cryptocurrencies who could appear shitcoins, as for the use of bitcoin for illicit activities, this has been common right before bitcoin was invented, theft, crime, fraud and financial abuse is very common and worst with the use of fiat currency.

BTC eft's are not tokens.
They are not buying BTC at all, what they are buying is shares of the spot BTC etf that the company is offering. In itself there is no centralized BTC, if a company offers you shares to represent BTC's that they owe you, the risk is on you and it does not mean the network is centralized.
I don't think it is that bad, as long as they cannot control 51% of the hashrate then the network will be fine, and price manipulations can only last for a short time.
 

The only way Bhutan earns money is through tourism. Also, the place is cold so it is ideal for a Bitcoin mining firm. They also run four major hydroelectric facilities, some small facilities as well. They are in a very good position to operate a Bitcoin firm. For being operated and controlled by a government their bitcoin firm can be a potential source of income for the country. Perhaps it's not good for the overall bitcoin market but it makes them a potential candidate to make bitcoin as a legal tender.

I assume you are referring to the spot Bitcoin ETF approval application by BlackRock, Fidelity, WisdomTree, and Ark. These firms are profit-making organizations so they want to make money from investing in Bitcoin. They might also have other hidden agenda which will unfold in the future. The SEC has not approved any application and it has not shown any sign of shifting ground. The SEC believes that approving spot Bitcoin ETF can lead to Bitcoin price manipulation by these firms. This rush to be part of the Bitcoin market has its advantages but there are also dire consequences.


They can not control the market but they can manipulate the price of Bitcoin for a short time. Currently, these firms are making Bitcoin to be accepted by some traditional investors. But they can also spread FUD to hurt the market.

Officially they are indeed not trying to control the market. But these institutions are sitting on a pile of reserve cash, so if they want, they can surely be in a position to control the market. That's my biggest fear. Big cash rich corporates can indeed buy a huge amount of bitcoins from the market and use that bitcoins to manipulate the market. Corporate games are dirtier than we can think of.

Couple of weeks back, I saw a news that a small country called Bhutan is setting up a Bitcoin mining firm. So countries have started taking part in the game and it's not good.

Bitcoin cannot be controlled but the more appropriate word can be manipulated so yes every big institution is trying to stack as much as bitcoin they can even though if they are not really a crypto supporter because they knew what it is going to be if they miss the trend and let the others to take their places.

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Still governments accusing of bitcoin is used for illegal activities but the real fact is fiat money has also been used for the same purpose since the existence of fiat so over the time people will realize it and the changes you are talking is actually represent that. SO the perception about cryptocurrency is changing so as a result governments, regulators, and financial institutions accepting it and trying to make more benefits.

I think OP here is talking about centralized tokens like ETFs. we all know those ETFs are not real BTC even the BTC ETFs once got approved they have different names in their minds for that. I think one ETF has been named BRRR which is in itself a funny name. BTC in itself is decentralized but if a company "X" will have 1000 BTC and used them for ETFs then the ones who will buy shares from that X company will not buy real decentralized BTC instead they are buying Centralized pegged type BTC from those companies. Which make the whole scenario as centralized.

They’re not trying to “control the market” per se, they’re just heavily advertising their products as to get as much market share from their users — ending up with them earning a lot of fees.

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.

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.