What will governments do next to manipulate Bitcoin? - page 4.

milewilda

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Quote from: Lucius on May 29, 2020, 05:57:05 AM

Personally, it does not seem to me that governments are too interested in BTC at the moment, for the simple reason that it is a very small market in terms of value. If you just look at how much money is at stake when it comes to stocks, bonds, real estate or gold compared to Bitcoin, then it is pretty clear that we have not yet joined the club of big players. If someone manipulates the price of Bitcoin, I don't think it's about governments, because let's be honest, politicians are not very intelligent people (with rare exceptions), but various rich individuals and companies that invest in crypto.

Governments, on the other hand, are interested in something else when it comes to crypto - and that is the identification of those who use Bitcoin. Snowden has released documents showing that some security agencies have worked very seriously on developing tools to track users and their transactions on blockchain. I have no doubt that these programs have reached a very high level of success to date, with of course all that has been developed in the meantime.

You got some point which i do highly agree on this one.Crypto market is still not really that big for government to sit it but somehow i do presume that they are already including it into their watchlist.
We know on whats the capability of crypto market in terms of decentralization which is totally opposes centralization and if this market would make out that much noise then it wont be a surprising
thing if they would really make that involvement when it comes to manipulation but actually its not really that easy to do in a free market like this one.For centralized like forex and stocks they
can do things easily but for crypto? it wont really be that easy.

gentlemand

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Welt Am Draht

Bitcoin fans love to see persecution wherever they look.

I cannot see a 'let's fuck with BTC' committee in the back of every parliament building. Government is chaotic. Bitcoin is something ever changing with multiple developments that'll either alarm or intrigue lawmakers. There are also untold amounts of potential consequences for every decision they make.

And of course there are countless levels of government. Local authorities may have many more dealings with crypto than other ones.

Most of the time the stuff that people perceive as some killer move was usually spun out of nothing by some crypto press prick.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

They do not want to ban it because they know people will just use it anyway and will find a way. Plus they are making tax income from it so they do not want to ban it and lose money as well. But they do not like it when they are not in charge neither, they want to control all of bitcoin which they can't which upsets them.

So, the closest thing they could do to manipulate crypto world would be starting a stablecoin backed by the governments. Think about USA creating something like USDT but its backed by the federal bank, that would be super strong and would be preferred method and all of other stablecoins will be gone for sure. That way they could control a part of the crypto world while still in charge and making profit and allowing people to use it as well without banning it.

Jating

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I doubt that governments are into bitcoin and manipulating it on their favour. Perhaps there are few countries who are into investing just to test the waters so to speak. But to invest their funds and manipulate it? Nah.

Besides, there are a lot of governments who wants to put heavy regulations on bitcoin, so they are just contradicting themselves here. Yes, they love blockchain technology, in fact China and the US are the leading blockchain patent applications but it doesn't mean that they are going to ease up their framework as far as regulating bitcoin.

ultrloa

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Quote from: Lucius on May 29, 2020, 05:57:05 AM

Personally, it does not seem to me that governments are too interested in BTC at the moment, for the simple reason that it is a very small market in terms of value. If you just look at how much money is at stake when it comes to stocks, bonds, real estate or gold compared to Bitcoin, then it is pretty clear that we have not yet joined the club of big players. If someone manipulates the price of Bitcoin, I don't think it's about governments, because let's be honest, politicians are not very intelligent people (with rare exceptions), but various rich individuals and companies that invest in crypto.

They are looking on it but they have different perspective that's why there are some countries who banned bitcoins in their country, but other than that I don't see any counter action towards the bitcoins since there's no any legal actions has been done towards on it even if bitcoins existing and trading in open market, Maybe they doesn't see it as an reliable asset compare to what you have mentioned. As well they don't know about the technology since most of the politician are so old and outdated.

Kelvinid

sr. member

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win lambo...

If the government is pursuing such intention, they actually make a push on it earlier. But we are already at 10 years of existence quite to see that they are giving up, instead, they look ways in order to give support and give safety assurance to the community. The government will certainly not going to after crypto being controlled but only they ask for the people to include this as an asset for them they could pay taxes.

Maybe we are so lucky and crypto community that Bitcoin will remain to decentralize market and in such a thing, small investors and traders will not be outplayed by whales.

Lucius

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Blackjack.fun-Free Raffle-Join&Win $50🎲

Personally, it does not seem to me that governments are too interested in BTC at the moment, for the simple reason that it is a very small market in terms of value. If you just look at how much money is at stake when it comes to stocks, bonds, real estate or gold compared to Bitcoin, then it is pretty clear that we have not yet joined the club of big players. If someone manipulates the price of Bitcoin, I don't think it's about governments, because let's be honest, politicians are not very intelligent people (with rare exceptions), but various rich individuals and companies that invest in crypto.

Governments, on the other hand, are interested in something else when it comes to crypto - and that is the identification of those who use Bitcoin. Snowden has released documents showing that some security agencies have worked very seriously on developing tools to track users and their transactions on blockchain. I have no doubt that these programs have reached a very high level of success to date, with of course all that has been developed in the meantime.

Ms.Fungible

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Hi Everyone!
It seems to me that people in the government love Bitcoin and love playing with it by controlling its price with different ways.

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.

Then they ease off regulation, maybe even admit that blockchain is cool and let people use it, make it okay to mine, and stop the law about restricting or forbidding Bitcoin.
People relax, price goes up, lawmakers hold.

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...

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

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