What will governments do next to manipulate Bitcoin?

[Ms.Fungible]

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,
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[Lucius]

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.

[Kelvinid]

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.

[ultrloa]

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.

[Jating]

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.

[el kaka22]

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.

[gentlemand]

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.

[milewilda]

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.

[exstasie]

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.

[dothebeats]

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.

[dentolas]

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...

[Wexnident]

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.

[michellee]

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.

[Oasisman]

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?

[Slow death]

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.

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...

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?

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

[rodskee]

.

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.

[michellee]

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 don't know. But I am sure that the government have unlimited time and resources and they can delegate to other parties to do that thing. The government will get the report from them so they can decide what they will do with the crypto.

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.

[sunsilk]

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.