Topic: What will governments do next to manipulate Bitcoin? - page 2. (Read 539 times)

The problem with this theory is that it is hard to prove if governments specially US is really buying and hedging bitcoin. For now we don't have solid proof that indeed US is on so called manipulation.


Bitcoin price skyrocket because of simply law of supply and demand. If retail and institutional money will flow then it will really go up. But government admitting that they are into bitcoin are rare, maybe except for those countries who are trying to circumvent any trade embargo like North Korea.

In my opinion manipulation on bitcoin price levels already happening like some governments are secretly buying bitcoins and to buy cheaper they might be manipulating bitcoin markets. If more governments are involving into bitcoin markets then we can obviously expect prices to go up but if one or tow countries try to grab cheaper bitcoin then they may go for manipulating prices to fish for cheaper. There are whales hence we can expect sharp down fall at anytime before we start travelling to moon and stars.

When more government start participating into bitcoin or different busies level which means we even considering such participation/suggestion as manipulation, bitcoin prices will definitely skyrocket. Government manipulation will be good whereas individual or corporate' manipulation should be avoided or need to approach them with more care.

Like why do you think the US government can manipulate bitcoin? It is a decentralized network and coin. No one can control it. Stop listening to those stupid conspiracies and educated yourself .
Yeah, exchanges implements the KYC function so that their user database remains clean.

If the US government wanted to restrict bitcoin they could have already done that as it is over 11 years now and the authorities started confiscating bitcoin from criminals for a long time and selling them at auctions. When it comes to exchanges enforcing KYC is because they do not want to get into trouble from the authorities if some hacked coins are cashed using their exchanges.

Nope, I do not think that the US government can manipulate Bitcoin.  In terms of US country yes, they can in their own jurisdiction but outside the US territory, it cannot manipulate Bitcoin.  That is why they can only limit the ban of participating in crowdfunding in their country alone.

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I think this regulation thing is the way of the government to manipulate Bitcoin since they require cryptocurrency exchanges to submit reports to them.

Few years (or maybe months) ago USA dumped too many seized coins several times and AFAIK that leaded to a price drop and that was one of its interference with bitcoin. Otherwise I doubt they will go further as a government.

The only government that can manipulate bitcoin is the US government  But I see no reason to believe that they are doing this because there is no need for it. Bitcoin has actually been entered into the legal field - everywhere it requires KYC, exchanges track suspicious transactions, etc. Bitcoin does not represent anything dangerous for the government.

Government isn't banning cryptocurrencies because if they ban it then the userbase will automatically increase, just have a look at history every time governments ban anything its users always increase like alcohol, any drugs or narcotics. So this is the reason that there isn't any ban on crypto yet as its market is very low as compared to other things. Government just want time to have regulations in place on this unregulated market.

Unless a single country started mining and controlling more than 51% of the activities I don't see how a single government could manipulate bitcoin.

Of course, they can't win over us. https://www.cnbc.com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000.html
In fact, powerful countries tried to control crypto and manipulate the system but they don't succeed because crypto is different, unlike the stock market. Satoshi has got this thing anonymously and crypto must live that way. May the government could ban crypto and impose taxes for every holder but it never comes into a moment that they would control the market and prices.

I don't think we ask for them this thing( manipulation) in order to stabilize the market. But only we need is their support and allow the people to use this.

They have tried several methods but they failed. I think next they will try to track down all the BTC transaction and they are going to introduce a special tax system for bitcoin.

In my opinion, governments already have done everything that they could against bitcoin. So They don't have any way to down bitcoin again. Now if they are really interested about bitcoin & want to do something, then that will "Remove A Ban On Bitcoin & promote it". And That will be a good sign for bitcoin 

In other words, from your point of view. Governments are behind the price manipulation of bitcoin price in the market?
I don't think any government have any control of bitcoin. Seems that there is a possibility that when legislators create fuds about the cryto regulations, there will be a fomo and panic. But I do not think most of the lawmakers will gonna buy bitcoin if they are not interested about it. Unless they have a plan of buying a huge amount of btc for that purpose.

You already answered your own question, OP.
The government will keep doing this cycle, over and over again.
My fear is they might be using bitcoin to be able to print money indefinitely, without any consequence (such as inflation). They print trillions of dollars, use it to pump bitcoin, then dump when inflation hits. Bitcoin, being deflationary, can be used as a hedge by governments against inflation, which is caused by money printing.
Right now I think investors will pump it hard, using the "incentives" coming from the printing machines. Then governments will pass some laws to prohibit it, so that the cucks sell, crashing the market. Then governments buy it cheap (using their own resources this time) and relax these measures, while printing even more money (and with more incentives, new pandemics, etc). Bitcoin might also be used to fuel national cryptocurrencies, issued by central banks. In fact, central banks have been buying bitcoin since 2017, or even earlier.
There is nothing we can do about it. Bitcoin was already captured by paper speculation, with derivatives taming the price, and the correlation with the stock markets shows its just another asset for pump and dump schemes. However, it is clear by now a new price level might come, which could bring it to 50k in the next year.

Smartest decision would be to sneaking up on bitcoin without letting anyone know. However there is a dilemma here, the government has to be transparent on where the tax payers money goes, now they are not always doing that but they have to, that is their duty. So, right now if they want to sneak up and buy a bunch of bitcoin and be manipulative, they have to do that without letting anyone know. Could they do that? Easily, they have done it on other stuff all the time. Hell governments pay 10000x more for a product just because it is their friends company and that is common in probably in all of nations governments.

However will they risk getting caught doing something like this when the topic is crypto? I am not entirely sure, I feel like they do not care about it enough to do something like this.

They could create their own digital currencies? Or they could even create their own centralized exchanges. Think about it, having a website like binance but that is run by USA government for example. You are capable of buying, selling many altcoins and you could do that with sending money from your bank account to that exchange and start trading however you want and when you want to withdraw you do it to your bank account there.

It is basically coinbase+binance combined with the trust of american government which would be awesome. They could however control the price of bitcoin that way, with all the money they make from trading fee's they would own most of it eventually and could ruin the price whenever they want or increase it whenever they want to manipulate for having more of it themselves.

If we believe that the government are interested with bitcoin, then they might think they are manipulating it.
However, we are talking of the government here, it's not only one person, it's a state that is making a decision for bitcoin, so it's not likely that they will do it.

Government give their opinion, and then give their decision, it's just us who are speculating and even mixing their worlds so we can create some FUD or panic, I believe only whales can manipulate the market because they are holding a big portion of the total supply.

Which governments are you talking about?USA and China?
Each government has completely different views about how to regulate the cryptocurrency industry.
I don't think that there's a government in the world,that actually manipulates the prices of Bitcoin or any other cryptocurrency.This would be totally illegal and it might cause a decrease in the trust that people have in cryptocurrencies.If you have insider information,that some big country is manipulating the prices of Bitcoin,would buy consider buying some BTC?I would definitely refuse to buy BTC,it there's a small possibility that Bitcoin is under the control of some centralized power.

As if that's the main agenda of the governments that want to get inside to bitcoin. They're in it because there's money and it doesn't matter to them if it's for the sake of their people or for personal interest, it's the reality which we knew about governments.

That's the point and do you think they can shake or manipulate the market without anything inside their pockets? You can't shake the entire bitcoin market or any market without any huge fund involved.

Talking about influencing or manipulating as Op puts it, I think Nigeria can influence things   but maybe not necessarily on the crypto kind of things because is not a high tech country. It can be a contributor to manipulation however in crude oil production too. I think as the 6 largest oil producing nation with OPEC, manipulation is also not far from Nigeria too  

On the part of adoption, I believe that Nigerians are part of the highest hodlers of btc in Africa at least. Therefore, a bill in the National Assembly for adoption of btc will cause a major spike in btc price across board IMO , even if it does not scale through (as part of manipulation)