I don't think governments really care about bitcoin anymore to be honest. I think the days when they became regulated on exchanges like Coinbase and Gemini and after the launch of the CME futures, governments have learned to accept it for the way it is.
Generally there will be more KYC enforcement but for the most part, its here to stay. Basically you can't kill off bitcoin just not possible and its nothing no harm. Currently its mostly used for speculation and criminals moved on to privacy based coins.
Topic: What will governments do next to manipulate Bitcoin? - page 3. (Read 539 times)
You're making here big statements like your conspiracy theory is a proven fact, but it's not. You even speak very vaguely, saying "government" and "legislators" without naming any countries or names. You show zero proof of government trading Bitcoin, which is necessary to prove your theory. And the price actually very rarely changes just because a country makes a statement about crypto.
Its something we give them a hint of what they'll do next?
Well, I don't really want the government to control us and much more if they are going to manipulate the market. For many years that crypto has existed, it for sure that the government will work on it but that diverted due to the pandemic. If they have a plan for a market monopoly in crypto, it probably will be taking another year to come.
Well, I don't really want the government to control us and much more if they are going to manipulate the market. For many years that crypto has existed, it for sure that the government will work on it but that diverted due to the pandemic. If they have a plan for a market monopoly in crypto, it probably will be taking another year to come.
One way or another, a totalitarian state will always find ways to influence the activity of the cryptocurrency market and prohibit the cryptocurrency, as well as how to punish its citizens for using the cryptocurrency. As an example, we can take Russia, where the State Duma is preparing to adopt a number of amendments that provide for administrative and criminal liability for violation of the new cryptocurrency ban. The government’s actions initially already indicate that the state policy regarding cryptocurrencies will be very strict, since the legislator does not undertake to discuss issues related, for example, to regulating the activities of cryptocurrency exchanges, but first of all they began to discuss the amount of fines and terms of imprisonment for violation of a specific prohibition.
The issue on it is that the government see how decentralized bitcoin is , that people won't be stopped for using it. The government is stocked with the kind of direction they want to go, therefore then such statements might not be intentional to stop, increase or cause panic to influence price in their own direction. Bitcoin is 10years plus now and is going to continue being an option in the financial problem solving.
Well, that is a common tactic for me because I am in no doubt that some of them also own one or a huge number of bitcoins and this could be their strategy to have control over the price of bitcoin. I am afraid that in the future if fiat currencies will be phase out and bitcoin will take it to place then the government will do anything whatever it takes just to have jurisdiction on bitcoin for they are the government, --perhaps they are made by people to govern its people in all aspect. Who knows that these ever-changing outlook of the government to bitcoin is there way to arrogate and make bitcoin on their hand to manipulate it as the primary form of exchange in the economy.
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Question to you:
What, do you think, the governments of different countries will do next to manipulate Bitcoin? Will it be to drive the price up or down?
What, do you think, the governments of different countries will do next to manipulate Bitcoin? Will it be to drive the price up or down?
When you say government of different countries I just had to laugh as I just tried Imagining the government of my country "Nigeria" trying to pass a bill that'll influence the market globally either by creating FOMO or FUD which sounds unachievable. The top world power countries like China and US just like others have highlighted are the only countries which can successfully influence the market as they have done exactly that in the past.
Although, judging from current market reaction to such news don't think they'll have as much influence as they previously did in regards to negative news but the positive ones like adopting or recognizing bitcoin as an asset or currency will definitely have a impact on the market as it'll act as a catalyst that spikes the price in anticipation for future profits.
They have already figure it out that bitcoin is working for their citizens so it's now time to take advantage of that use. They won't ban bitcoin, as a matter of fact only few countries did banned it because they don't understand it. The only thing they know about bitcoin is it's the money of criminals and illegal transactions but they don't see the usefulness of it.
looks like the government now taking their piece of cake?but what government would not want to gain?looks how much money is now inside this market?the amount that inside crypto is enough to feed the whole 3rd world country.Quote
How much money does it require for them to manipulate bitcoin? I don't think that they'll go with that game but instead take the advantage and pay attention to their citizens that's making money out of it and tax them because it's volatile for them to play bitcoin's game of manipulation.
actually what OP is saying is those government is making issues to shaken the market and not manipulating with Big budget.
What, do you think, the governments of different countries will do next to manipulate Bitcoin? Will it be to drive the price up or down?
Definitely we can expect governments to spread FUDs against crypto currencies just for the reason of cryptos are threats for their traditional banking system. Other than that, if countries plan to switch to bitcoin for their federal reserve from gold, then they may try to manipulate bitcoin prices to buy cheaper. If governments start realizing the benefits of having bitcoin as a reserve instead of gold then we can expect them to compete against bitcoin-whales and institutional funds to grab cheaper prices. I could not imagine about the possible consequences if government backed traders start manipulating bitcoin markets.All the above, in long run if governments start manipulating bitcoin market, that will end up benefiting all of bitcoin adopters. One day are other we can expect all the governments to be working on/for bitcoins for whatever reason because bitcoin is definitely having some answer/solution for every human including governments and corporate.
In my opinion, the next step for the government to manipulate bitcoin is not to re-create regulations that would prohibit the use of bitcoin. Because even the government has embraced the reasons why so many people use bitcoins. And the only thing their government can do is try to grow and justify the use of bitcoin and blockchain because we all know that using bitcoin is really helping people who use it. I guess this is even more helpful for increasing bitcoin usage.
Putting bitcoin and crypto in the mainstream is a good achievement and the government has nothing to do.
Putting bitcoin and crypto in the mainstream is a good achievement and the government has nothing to do.
They have already figure it out that bitcoin is working for their citizens so it's now time to take advantage of that use. They won't ban bitcoin, as a matter of fact only few countries did banned it because they don't understand it. The only thing they know about bitcoin is it's the money of criminals and illegal transactions but they don't see the usefulness of it.
How much money does it require for them to manipulate bitcoin? I don't think that they'll go with that game but instead take the advantage and pay attention to their citizens that's making money out of it and tax them because it's volatile for them to play bitcoin's game of manipulation.
How much money does it require for them to manipulate bitcoin? I don't think that they'll go with that game but instead take the advantage and pay attention to their citizens that's making money out of it and tax them because it's volatile for them to play bitcoin's game of manipulation.
I wonder if the government really love bitcoin and they will do anything with the price.
Nah, that's totally waste of their time and resources. There are still a lot of things that the government is doing other than trying to milk and f*ck the people in crypto space.
The OP might be over thinking the situation between cryptocurrency and the legalities. How do you expect a government to focus their attention in messing around with Bitcoin, if they don't even have the central authority to manipulate this currency?
We don't know what the government did so far with the bitcoin because I think they can act by secretly, and they can get so many info related to the crypto. They can collect anything they want without a problem because their resources are at everywhere.
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Question to you:
What, do you think, the governments of different countries will do next to manipulate Bitcoin? Will it be to drive the price up or down?
For example Russia and USA are making some noise about hostile legislature... What will happen next?
Lets hear you! Will be fun to come back later and see who was right and who was wrong and who got rich
Good Luck and God Bless,
ÅÑÇ€£Å ヅ[/b][/size]
Question to you:
What, do you think, the governments of different countries will do next to manipulate Bitcoin? Will it be to drive the price up or down?
For example Russia and USA are making some noise about hostile legislature... What will happen next?
Lets hear you! Will be fun to come back later and see who was right and who was wrong and who got rich
Good Luck and God Bless,
ÅÑÇ€£Å ヅ[/b][/size]
Sorry but there is no point at time that Government is manipulating Bitcoin(My own Opinion regarding my Government)
because so far our country is fair in regards to Cryptocurrencies
though we have a strict fight against abusive and scammers and the Authority has already proven by putting in jail
even those Big fishes that involves in illegal crypto activities.
i believe that you should Give some links about those claims
about Russia and USA haw they are manipulating Crypto because if you cannot prove this?then it will be a hearsay
and a nonsense thread.
First they make a suggestion that it needs more regulation, or start a rumor that it will be illegal to mine, or even make a motion to pass a law restricting or forbidding Bitcoin.
People freak out, price drops, lawmakers buy.
People freak out, price drops, lawmakers buy.
I honestly don't see how you came to that conclusion. If governments did that then the bitcoin price would not reach $9000 and it would be the biggest pump and dump scheme the world has ever seen and bitcoin would die. Imagine how much money the US government has and if the US government did this scheme that you said and the government of France, Italy, United Kingdom, Germany also make this scheme... how long do you think Bitcoin would survive?
Another thing, we cannot underestimate the power of governments, if governments really wanted to end bitcoin they would be able to reduce the price of bitcoin to less than $ 500 and reduce their users, for that it would be enough for all countries in the world to ban bitcoin
Next level the regulations not just relaxed but favorable, regions with cheap electricity lure miners with favorable terms and credit, mining encouraged, trading is relaxed.
People go nuts, price MOONS, lawmakers DUMP
...and the cycle repeats...
People go nuts, price MOONS, lawmakers DUMP
...and the cycle repeats...
you are exaggerating in your imagination
Question to you:
What, do you think, the governments of different countries will do next to manipulate Bitcoin? Will it be to drive the price up or down?
What, do you think, the governments of different countries will do next to manipulate Bitcoin? Will it be to drive the price up or down?
the government does not need to manipulate bitcoin
For example Russia and USA are making some noise about hostile legislature... What will happen next?
you should not compare russia (has dictatorship disguised as democracy) to the USA a great country that has laws and a good example of democracy. I believe that in the US there are a lot of people who are bitcoin supporters and who can influence lawmakers to create laws that are good for bitcoin. But in russia, honestly, you can't expect a good thing from that country
I wonder if the government really love bitcoin and they will do anything with the price.
Nah, that's totally waste of their time and resources. There are still a lot of things that the government is doing other than trying to milk and f*ck the people in crypto space.
The OP might be over thinking the situation between cryptocurrency and the legalities. How do you expect a government to focus their attention in messing around with Bitcoin, if they don't even have the central authority to manipulate this currency?
I wonder if the government really love bitcoin and they will do anything with the price. I don't think that will easy to playing with the price since their opposite is not just from the other government, but their opponents can be from the whales, the trader, or the other rich people who have a large amount of fiat money. Besides that, I don't think the government can manipulate the bitcoin price since the bitcoin price cannot be controlled by one government, so we will still see the price fluctuated.
The Government is basically try harding in trying to assert dominance in most cases, and let's be honest, they aren't going at it in the most intelligent ways. It's more like the Government is a collection of people who want to be in control, but that's it, they can't actually put something in control, they just "look" like they are in control. Not to mention that the Government is unable to fully affect the usage of BTC, that is unless, ofc, they take hold of the entirety of the internet and somehow one way or another, trace each wallet back to their owners. It's basically like drugs, no matter how much the Government moves their asses about, they can't really do anything to it.
Russia's crypto activity remains high, while China, albeit the various threats on bitcoin, mining and general crypto usage still sees tons of people using the aforementioned digital currency.
China used to threaten BTC but didn't they pretty much give up recently? Not give up obviously but rather they just put their attention to better use ( in which case, I think, most Governments should follow, that is unless it's positive attention rather than a negative one). With them trying to push for their own cryptocurrency development and all of that.
I don't think governments care about Bitcoin that much as it represents a very small number of users and market cap, when compared with global markets... I think they do want to have the possibility of control but they seem to be more interested in developing their own government controlled cryptos... let's not forget that people will use what they are told to use, and a government issued crypto would have a user base and market cap that would obliterate the whole crypto market in an instant...
In my oppinion BTC prices are under whale control, market makers that hold tons of BTC, most of them being early miners... these guys just take advantage of the flow and keep on getting profit...
In my oppinion BTC prices are under whale control, market makers that hold tons of BTC, most of them being early miners... these guys just take advantage of the flow and keep on getting profit...
The multitude of the global powers have their attention shifted on who gets to be the next world's reserve currency. They care little about bitcoin and other cryptocurrencies' existence, and I can even go so far as to saying that their efforts to legislate bitcoin and crypto are at a bare minimum, just so people can tell that they are doing some things to get involved in the scene. Perhaps they are influenced by some rich elites to lay their hands off of bitcoin as most reports to countries banning and fining people for using crypto usually came with little to almost no materialization whatsoever.
Russia's crypto activity remains high, while China, albeit the various threats on bitcoin, mining and general crypto usage still sees tons of people using the aforementioned digital currency.
Russia's crypto activity remains high, while China, albeit the various threats on bitcoin, mining and general crypto usage still sees tons of people using the aforementioned digital currency.
Most of the time the stuff that people perceive as some killer move was usually spun out of nothing by some crypto press prick.
Like this one from a few days ago? Russia Proposes 2M Rub Fine and 7 Years in Jail for Illegal Crypto Use
I remember a similar bill was circulating in India's parliament last year too. Nothing ever came of it. Full on bans and criminalization like this never seem to actually become reality (even in totalitarian China) which tells me there are generally opposing forces in governments on this question. One side (like the central bank) tries to push a ban, but then runs into a wall of political opposition.
Government support for bans will become even more divided as the years go by and politicians and elites invest more and more in BTC.
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