Bitcoin Forum

Can government control buying most of the coins in the market?

Judge for yourself. Look at the price of all coins in the market and the US budget. Of course they can buy all the coats. Manipulate the mining. And in general, create anything.

Therefore, it is necessary as quickly as possible to introduce bitcoin into wide application in business. This will protect the manet market and make the rate more stable. And many other good things will happen.  :) :) :)

i agree the cryptocurrency can't control by any government to manifulate all coins its hard to control cryptocurrency because as decentralized currency using the internet connection they can't control to buy all coins my reason the miners continue to mining altcoins and can't control them.

I'm not sure there will be a country that can do that. Moreover there will be a significant difference. Some of the supporters of course they will be beside us and for countries that do not support then this is a very bad result. A country should buy a lot of bitcoin and altcoin because they will be responsible for what they do. But I say that in fact money will be hard to accept, it is a consequence to be able to bring in and buy cryptocurrencies for a country.

can be. but I dont think the government will involve that.
too big a risk to be faced, in contrast to individuals, money and government assets belonging to the people, so they will not be rash to invest their money on coins. that's my opinion.

Unlikely that a government is willing to spend so much of their money attempting to somehow manipulate markets or accumulate coins. Especially because there are so many countries in debt... And there's really no direct advantage in doing such.

it would be an extremely bad move to buy majority of coins in the market and have a new bitcoin on the next day and the see the real people move to the new bitcoin

it just doesnt make sense and no government will take that risk (not that governments dont take risks nor take stupid decisions)

I am wondering if your question is could the government buy up all the crypto that is in supply? to control or corner the market?

or

Could they control who can buy crypto?

The first one first?

They could try buying up all the crypto, and on paper it seems the sub $200 billion price might be a drop in the bucket, but I think as soon as somebody went on that kind of a buying run the price would soar. The market would react and the capitalisation would spiral to unimaginable highs. There would also be some hold outs - who under no circumstances would sell, they would do this on a point of principle, and then what would be to stop anyone/everyone starting new currencies to cash in on the bonanza?

The second question, controlling who can buy currencies? this is already partially the case in some countries - but its not fully implementable, because I could sell you some crypto coins over the internet, or in a face to face encounter and who is going to stop that? See Venezuala.

no one can control bitcoin even though it is government. but I don't know for the other allcoin. but too risky to look at from the investment point of view that the government is doing.

i don't think that the governments will try to take over the cryptorealm because the government has a lot of bigger issues than bitcoin so, acquiring it might a big controversy and also as for us consumers, the it will have negative impact in price

Have you seen how the government guys are? they would not risk buying all bitcoins knowing that bitcoin is very volatile, just like bitcoin increases a lot also falls a lot so be sure that the government will not invest all the money in bitcoin

they have gold, oil and many things to invest

I think they are not interested in buying all coins in the market as some of them have no potential and just a fraud, what they want is the regulation and control of it, they want to strictly prohibit coins that can potentially scam and steal people's money, some of the Government wants it to centralize and manipulate its value and demand to people like bitcoin.

It's theoretically possible. That doesn't just go for governments, but any large enough entity with cash to burn. It's one of the few disadvantages of having no central governing body. In practice though? It's nearly impossible. You might think that buying up massive amounts to deplete supply would drive up the value, but there are still several factors to consider. It's a risk I imagine few are willing, and even less are capable, to take.

Bitcoin is decentralized and cannot controlled by anyone even the government. The only thing that authorities can do is to support with it,not by making cryptos into down. Even though the government didn't support this, but cryptocurrencies are still exist in the market.

I don't think so that they will buy such currency that is volatile in nature. They have many things to buy or invest for but bitcoin I think I can't say they will be interested about it but I think products that could be useful to one's country will they prefer. Government are wise decision-makers and they will be wised also so that they could earn too and bitcoin is least I think in their option.

Basically the government can't controlled the growing cyrptocurrenies in the market. Because the government itself has a lot of problems to be solve and more laws to be implied and the government never take a risk of unsure investment.

But the government can counter campaigns that accept payments in crypto-currencies, conduct ICO, and are engaged in mining.

If no one can work illegally with Bitcoin, who will use it?

I do not think that the government will be able to decide on the total purchase of coins for the purpose of control. Bitcoin is not the most stable thing in the world, although it is growing up. In addition, the state has much more important areas of activity. Also, each country has reserves of oil and other minerals, precious metals, real estate, etc., where you can inject public funds.

Time has proved over and over again that even the most ridiculous conspiracy theory might be a reality. Just to name a few:
MKUltra - a project of US Government aimed to explore possibilities of mind control, Gulf of Tonkin incident, cult-like gatherings of the world elites etc.
I beginning to think that Satoshi has been silenced by US Government and all his coins have been stolen.

that much gigantic volume cannot be controlled by any kind of government. that is also against the philosophy of crypto currencies.