I mean id not think government will take any support of any medium to bring down the crypto currencies. We know very well that they can just ban it whenever they want it and they can regulate it the way they want it. Futures, look like organisation who has taken step forward to bless their clients with the crypto integrated exchanges and it would be far fetched to believe that they are bringing down the crypto or helping the government to do so. Any thoughts?
Why ban when can regulate.
When a new source of taxation is found it never means, in practice, that the old source is abandoned. It merely means that the politicians have two ways of milking the taxpayer where they had one before.
H.L. Mencken
There have been some well-documented studies to prove that the Central banks have a long history of manipulating/suppressing gold prices. Why?
It’s all about Dollar Hegemony and money control”. When money flows into Gold, Silver and Bitcoin it shows that governments are bankrupt and their “Fiat” money is worthless. If these assets rise, all money will supply dry up and move into these assets.
If aptly put:
Their objective (central banks) is to deprive the independent observer of any reliable benchmark (gold) against which to measure the eroding value, not only of the US dollar, but of all fiat currencies. Equally, they seek to deny the investor the opportunity to hedge against the fragility of the financial system by switching into a freely traded market for non-financial assets.
Gold is a reliable benchmark and by suppressing its price, it's easier for central banks to hide inflation and currency debasement, decline in the value of fiat currencies, losing trust in the contemporary monetary system. On the other hand, Bitcoin, freely traded market and on top of that a financial asset so it’s possible that the governments/central banks might try to suppress Bitcoin price, far fetched to believe,
just a conspiracy theory.http://www.gata.org/node/8303PS: This article might sound like a grand conspiracy theory, but shared it since I think there is quite a bit of truth in it.
Unless you can provide proof of the existence of this "cartel" and identify its members, then you have posted nothing more than a grand conspiracy theory.
Furthermore, even if some of the article contains truth, that does not mean any of the rest of it does.
Definitely,this article is more about a grand conspiracy theory than facts. There is no proof of existence of this cartel, with gold price manipulation, finger can be pointed at Goldman Sachs, Deutsche Bank, UBS, HSBC etc, with Bitcoin there is no substantive evidence, just a theory, but like mentioned, shared it, for not fudding, but thought there is a bit of truth in this article.
Such Truth!
Hahaha but all of this makes me chuckle...
Dont you see the irony? Fiat has been dying while bitcoin growing!
LOL
If fiat/credit supply stopped growing, then house prices, stock prices, financial assets would
crash significantly in value. But if they keep these from crashing, then fiat supply expands while gifting bitcoin further exponential growth. Hahaha.
Governments and laws are controlled by the central banks. Bitcoin is an anti-establishment revolution that has already solidified itself worldwide.
Bitcoin cannot be controlled. It cannot be banned. It cannot be made illegal. And conversely it cannot be legalized. It just simply is. And people can always use it.
Bitcoin's blockchain is the only unique one to provide the most security in a decentralized, global, incentivized fashion.
Popularity of Bitcoin will begin to explode with lightning in the next year.
Bitcoin's lightning network is emerging where fees will be tiny and cross-chain atomic swaps for decentralized exchange.
All other altcoins in relation to bitcoin are worthless - more on this below;
All other "blockchains" are more private worthless databases, my old nokia phone can do worthless databases. Other blockchains are simply scams.
Bitcoin's price will be at the very least more than 4 times (400%) of todays price in 5 years.
Those trying to undermine and manipulate bitcoin stem from the central bank system around the world;
-the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity
-the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and also Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade
Above are just small examples.
First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old.
Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled.
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...
Why are altcoins relatively worthless compared to bitcoin?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
Bitcoin is on the verge of lightning network release rendering altcoins as only backup plan options if not dead.
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.
Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold).
For global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc), the fiat bubble system broke a couple of decades ago.
Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with (the following whether good or bad):
-regulatory burden on fiat banks & system (incredibly costly)
-inflating fiat to keep house-prices from collapsing
-inflating fiat to keep stock market rising
-financing conflicts, bombs, and "aid"
-backstopping insurance frauds
-costs of auditors and budgetors and accountants checking the same thing in governments and businesses
-big insurance loss-events
-unemployment & other welfare costs
-stabilize regions after natural disasters
-keeping monopolies with internet access and information centralized and search engine crawlers centralized
-officially sponsored "money laundering"
-backstopping credit chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
Bitcoin, systemically, is free from these limitations and burdens.
