Could Governments & Banks manipulate the price like this?

[gabmen]

Price can be manipulated only by big holders of btc, and if some of governments have big amount of btc they can do this
Other manipulations dont work there

"They" wouldn't require large Bitcoin holdings to achieve this ... only an unlimited amount of FIAT currency to buy and sell BTC with ... and perhaps the assistance of some 'sheeple' investors - following the mass media effects ...

... Dance, dance, dance to the distortion !

i hate to admit it. but there are times that i've been thinking about this thing. about the controlling and manipulating of the price of the bitcoin by the government. not only in their country but in the market and in this industry. we got be thankful because the other government freedthe bitcoin to around in our country but the negative effect of it they. regulated the entering of the bitcoin and also , they control the price of it in the market. for me, beside the government there are people who rich was partner by the government.

Well manipulation isn't limited to simply selling a lot of btc by whales through pump and dumps. Spreading negative rumors and news can be considered as manipulation as well causing people to panic and sell. And i think that's well happening right now

[BitcoinFX]

In broad global economic terms, it might be argued that Bitcoin has in fact become a replacement 'safety net', for what was the Bretton Woods system.

One wonders if; (1) Bitcoin is an 'accident' of design through necessity? or (2) Bitcoin is an intentionally designed fail safe (beta!), running in parallel to a 'known-to-be-broken' financial system (insert conspiracy theories here)? or (3) Elements of both?

...

Either way, what would appear to be a massive price manipulation does seem to be indicative of classic bait and switch tactics by 'Big Players'. Hell, one could even utilize coins from the fork of a parallel chain for leverage instead of BTC !

...

I do know one thing; True wealth equality is the last bastion of all humanity.

- "You will not have peace until I will not have the money!" - https://en.wikipedia.org/wiki/Luther_Blissett_(nom_de_plume)  

What is becoming increasingly clear is that the folks who really pull the strings, seemingly don't care about us or for true democratic process ...

"Permit me to issue and control the money of a nation, and I care not who makes its laws. - Mayer Amschel Rothschild.

- https://youtu.be/fregObNcHC8 ?

[BitcoinFX]

JPMorgan CEO Jamie Dimon: I Could Care Less About Bitcoin | CNBC
- https://youtu.be/40OuVyVGdIM?t=1m40s
"... this is not even a technological statement ..."

and in other news ... 'I really don't care. Do U?'.

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So, Satoshi created decentralized cryptographic commodity-money for the internet based on solid principals of scarcity and finite value i.e. like real bits of gold.

Governments (and Banks) ended the Bretton Woods system - https://en.wikipedia.org/wiki/Bretton_Woods_system - on 15 August 1971 rendering the dollar a fiat currency, essentially backed by 'nothing'.

- Zeitgeist Addendum (HD) Part I - Federal Reserve - https://youtu.be/S0pQNkX8jLM

- The Monetary System Visually Explained - https://youtu.be/aXiNZWJKnVI

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- https://youtu.be/A7TuFy0fcuw - The proudhon song (bitcoin is a bubble) !?!  

I thought it important to further clarify the disparity of their 'illusion' (or perhaps it's just a misunderstanding?) ...

FIAT currency is backed by 'nothing' (except central bank bonds and debt) and is effectively created out of thin-air. Pieces of paper have little intrinsic value! FIAT currency is therefore Representative Money (at best) - https://en.wikipedia.org/wiki/Representative_money - "Representative money is any medium of exchange that represents something of value, but has little or no value of its own (intrinsic value)."

- What does "I promise to pay the bearer a sum of" mean? - https://www.quora.com/What-does-I-promise-to-pay-the-bearer-a-sum-of-mean

Bitcoin is backed by cryptographic function and the issuance is finite within the prescribed rule set. Take a piece of paper and write your private key on it. Now hold this intrinsic value in your hand!
Bitcoin is therefore a Commodity Money - https://en.wikipedia.org/wiki/Commodity_money and the commodity is Math - "Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects that have value in themselves (intrinsic value) as well as value in their use as money."

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- https://cointelegraph.com/news/tulips-bubbles-obituaries-peering-through-the-fud-about-crypto

This common misrepresentation of intrinsic value is very disturbing. They are literally trying to tell you that their Representative Money is in fact a Commodity Money - clearly FIAT has not been a Commodity Money since 15 August 1971.

[Nosequired]

Yeah I believe they can. Stories about whales aside (could be both, who knows), they could have a bunch of people privately messing around with the tides for them. What people more capable of doing this than the banks themselves who is the center of cash flow in the world?

[hacker1001101001]

I think bitcoin community is very widespread around the world and many people have gained faith and intrest in bitcoin and they are using it as a currency in many ways. Most of the people use bitcoin as a investment but they are now turning to use it as a digital currency and in future, it will surely become a global currency. Due to the huge intrest of peoples all around the world, it is very difficult for any government or bank to affect the price of bitcoin.

[farosa]

I think the same as you. Because governments can not do anything in this matter, they can only effect from the edge. The best way to do this is to panic the people.
But, we know that some governments support the cryptocurrency, and if the governments want to end Bitcoin, why do some still support it?
Maybe it is a money game the governments play against people.

[AK47-]

I simply don't believe in this theory. Banks would never put such a huge amount of money in something to just dump it off. That would be mere stupidity. There are tons of other way to stop people from investing if countries seriously put some strict regulations at place. Price is being manipulated by the whales and exchanges itself. There is no link between price manipulation and banks. Volume is so low that it have become easy for whales to manipulate price. When big financial firms are ready to enter the market, I don't think they won't know any bank relation with this dump before investing.

[Vart4varta]

There is no transparency in this market, everything should go public in the securities market. In the world of crypto currency it is very difficult to understand what is happening at all.

[BitcoinFX]

Let me put this into some perspective ...

The slush fund of some three letter agencies is said to be well in excess of trillions of dollars. That alone is a lot more than Bitcoin's highest market capitalization. If you can't 'kill' a robust decentralized financial technology, the easy option is to manipulate the price.

Remember that this is potentially about ownership of the commodity. It is a zero sum game in terms of the markets. They don't care if you win or lose. I think the worst factor of this is that any manipulation is potentially made simpler when the BTC price is higher.

Remember : First they take it away from you, then they sell it back to you.

or

Buy, Buy, Buy Bitcoin, then Bye Bye Bitcoin ?

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The OP's assertion is therefore valid and the answer is yes (considering all other price factors, actors, variables etc.,)

[Kakmakr]

Let me put this into some perspective ...

The slush fund of some three letter agencies is said to be well in excess of trillions of dollars. That alone is a lot more than Bitcoin's highest market capitalization. If you can't 'kill' a robust decentralized financial technology, the easy option is to manipulate the price.

Remember that this is potentially about ownership of the commodity. It is a zero sum game in terms of the markets. They don't care if you win or lose. I think the worst factor of this is that any manipulation is potentially made simpler when the BTC price is higher.

Remember : First they take it away from you, then they sell it back to you.

or

Buy, Buy, Buy Bitcoin, then Bye Bye Bitcoin ?

...

The OP's assertion is therefore valid and the answer is yes (considering all other price factors, actors, variables etc.,)

Excellent. This is what I was looking for, someone that can see the bigger picture. I would just change this part, " First they take it away from you, then they sell it back to you." and replace it with " First they will take it away from you at a low price and then sell it back to you at a high price."

To rinse and repeat this strategy, they have to buy low and dump it at a higher amount than what they bought it at. Their actions is just the trigger for the "hype" and then the "panic" reaction in the market, when they dump again.  

[levvv]

Let's consider this :

Governments cannot stop Bitcoin by stopping the technology, but they can kill the interest that people have in buying bitcoins. Could governments with the help of Banks, be behind this falling price?

Last year we saw a huge increase in the price and I was thinking that it could have been a collective buying strategy by Banks to buy a lot of coins for a synchronized dump in 2018.  

If the Banks bought a lot of coins last year at the beginning of the spike from $1000 and they triggered a buying frenzy, then most of the more expensive coins would have been bought by the public. So they might just have bought coins to trick other investors into buying more coins.

So what is their goal? Their goal will be to break the demand for Crypto currencies and Bitcoin, by gradually dumping the cheap coins that they bought at the start of last year and pushing the price down. <Like what is happening now>

They know investors will have bought at the higher end, say $10 000 to $19000 and these people would probably have lost money, when they started dumping in 2018. They saw that "demand" for Crypto currencies increased, when there is a constant increase in the price and they are now creating a constant decrease in the price to break people's confidence in the technology and also the demand for the coins.

They will obviously use untraceable methods to do this, because the Banks are helping to hide the origin of this money.   They can only print a few Billions more to execute this strategy and this will go unnoticed, because it is toilet paper money.  

This is the only logical reason why we are seeing a constant decrease in the price, in spite of all the good progress that we have made. It also explains the large spike in the price in 2017.

Hodl on guys and gals, do not be tricked by these cheap tactics. <If this is true>    

Yes it could be their works. As long as they have much amount of money to buy bitcoin and cryptocurrency, they can manipulate the price.
If they have massive bitcoin and altcoins in amounts, they can just dump in one time, making the market price dropping rapidly.

[BitcoinFX]

...

So, Satoshi created decentralized cryptographic commodity-money for the internet based on solid principals of scarcity and finite value i.e. like real bits of gold.

Governments (and Banks) ended the Bretton Woods system - https://en.wikipedia.org/wiki/Bretton_Woods_system - on 15 August 1971 rendering the dollar a fiat currency, essentially backed by 'nothing'.

- Zeitgeist Addendum (HD) Part I - Federal Reserve - https://youtu.be/S0pQNkX8jLM

- The Monetary System Visually Explained - https://youtu.be/aXiNZWJKnVI

...

- https://cointelegraph.com/news/report-central-bank-digital-currency-could-provide-stability-but-crypto-is-too-volatile

It's only when you know that failed monetary policy within heavily centralized institutions is largely what causes price instability and volatility across global markets in the first place, that this report becomes hilarious.

Truly autonomous and decentralized systems (and free markets) do not require this problematic centralized approach.

Now calculate the volatility for swapping an Apple for an Orange. Oh, wait you need currency to do this, right?

- https://en.wikipedia.org/wiki/Swap_(finance)

... cash flows is determined by an uncertain variable such as a floating interest rate, foreign exchange rate, equity price, or commodity price.

The Apple is a commodity. The Orange is a commodity. The only thing that creates volatility are the mechanism's of centralized control and the games played with them.

[dutchkay]

From what i can see you said what if meaning your just taking a wild guess. Too many assumptions from different individual because bitcoin is falling. Believe me we will still see another assumption crazier than yours. You are just trying to justify the bitcoin fall i get it, so we are all looking for who to put the blame and take the fall. Bitcoin will never keep going up and market tends to retrace and its natural. Many things contributed to this fall and banks are not even close.

[bettercrypto]

I don't think that there is a manipulation in the side of the government when it comes to the price. But I think the officials are always make a way to invest their money without any risks. Some corrupt government officials might also exchange their money to cryptocurrency in order to hide their assets. However, it will become possible to them to manipulate the market since they are also rich people due to the fact the most of the are corrupt.

[bachus]

 I think any person who has the significant amount of any cryptocurrency, can affect the price of it by selling or buying a great amount and the market is fluctuating reacting by those things happening,

[BitcoinFX]

Then the better question to ask is perhaps ... "Could Governments & Banks (and markets) stabilize the price like this?".

Seemingly not - Because they would rather try to stabilize their 'To Big to fail' - https://en.wikipedia.org/wiki/Too_big_to_fail - 'Zombie' - https://en.wikipedia.org/wiki/Zombie_bank - institutions.

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True Austerity is when you apply a weighted (tax) model to redress the balance between the rich and poor in society.

- https://en.wikipedia.org/wiki/Austerity

You cannot fix the 'problem' by continuing to tax everyone the same, and then simply allow the 'money' to flow back to the very institutions which caused the situation in the first place. That is false austerity.

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Did Satoshi in fact warn us all from day 1 ?

- https://www.thetimes.co.uk/article/chancellor-alistair-darling-on-brink-of-second-bailout-for-banks-n9l382mn62h

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Truth, Knowledge and Blockchain.

[Dudeperfect]

Well, it is true that governments cannot destroy Bitcoin as a technology but the government can definitely pressurize the users and this industry indirectly using the platforms like banks. However, the best way to deal with this situation is to build mass awareness about the technology where the users won't have to rely on the third party for the information. As the users, we can always spend our crypto coins without relying on others.

[Kakmakr]

Well, it is true that governments cannot destroy Bitcoin as a technology but the government can definitely pressurize the users and this industry indirectly using the platforms like banks. However, the best way to deal with this situation is to build mass awareness about the technology where the users won't have to rely on the third party for the information. As the users, we can always spend our crypto coins without relying on others.

That would be the ultimate goal, not to deal with third parties and not to deal with fiat conversion. The only problem is that we should have mass adoption on both consumer and merchant sides. The government will definitely be involved and the attacks will not stop, but it will become unstoppable, once we get to a level where multiple countries have mass adoption.

You can then pick and choose, where you want to spend and earn your bitcoins, even if it is banned in your country. 

[taiwww]

I guess this topic can be best explained with an example that is going on right now. The event in the India where Reserve Bank of India stated that they will be abandoning the crypto to INR withdrawals and thus no more crypto currencies in India led to panic attack in India and all the exchanger suffered from this leading to the price manipulation all the way down to -2000 USD price change in a single day! I guess this is what happens whenever the government publishes something negative about the crypto's.
I guess same thing can reverse in case if the government involves with the crypto. I guess that is positive manipulation of bitcoin! What do you think!

[colkcolk]

Hmm, interesting topic dude. I just do a trial for a simple math. 1 BTC ~ 6000 USD. Current circulating is around 16 million, so it can be converted into USD: 16.10^6 x 6.10^3 = 96.10^9 (USD 96 billion). This figure is not much referring to the richest man around the world, top 10 rich man around the world such as Jeff Bezos, Bill Gates, Mark Zuckerberg until Larry Ellison collected they have fund around USD 747 billion. So bitcoin just less than 15% of their funds, I can't believe all governments are scared with this bitcoin fund around the world. Better data from Forbes, Bill Gate money will be in similar amount to Bitcoin circulating funds that is around USD 90 billion, check this link: https://www.cbsnews.com/news/forbes-2018-list-of-worlds-billionaires/.
Bitcoin fund are spread around the world, so it is not a big money for a government. Why are governments so busy to take care bitcoins holder money rather than those top rich people?

I prefer to think that some of those top rich people are entering this crypto world and they are making some situation for their own benefit in their business. I think this is more reasonable, to take advantage of the business.