custard_pudding (OP)
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July 16, 2019, 11:32:25 PM |
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We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
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"You Asked For Change, We Gave You Coins" -- casascius
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tippytoes
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July 16, 2019, 11:39:46 PM |
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We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
For all we know, they might have btc stash in place already. Maybe some of their government officials already have and silent about it. |
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pixie85
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July 16, 2019, 11:48:53 PM |
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Maybe they believe in their USD so much and buying so much on the open market would raise questions and weaken the dollar even more.
The same reason why companies don't buy competing products in bulk even if they could. They prefer to buy out the whole company or find other ways to get rid of the competition.
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jackg
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https://bit.ly/387FXHi lightning theory
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July 17, 2019, 12:03:53 AM |
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To outsiders, bitcoin is a risky investment. To a lot of insiders too, they're happy scalping than holding large amounts of bitcoin just in case we go to 0 tomorrow.
First World governments have the power to buy a lot of bitcoin, but a similar power to crash it to zero tomorrow... If the US government openly buys into it, what stops the Russian or Chinese governments from crashing it and starting a monetary war?
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CryptoGamblingSites
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July 17, 2019, 12:06:11 AM |
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US doesnt want to lose reserve currency status, buying a bunch of bitcoin would only reinforce its value to the rest of the world.
The countries with low value currencies or on sanctions from US markets are far more likely to buy a lot of bitcoin and increase the strength of their currency. China, Russia, Turkey, Iran or India have all bought gold recently to show value/stability of their printed currency, even if it isn't backed.
Give it time, one of the Fiat currencies will eventually announce that they have bitcoin then its going to be a mess when others start buying. There is a LOT of upside to the first mover on this, I highly doubt US would be that mover though when others want their reserve currency status.
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Decimation
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July 17, 2019, 12:11:29 AM |
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Because that's not how the US government works... The US isn't like Russia, it's a democracy. Even if you put regulations and democracy aside, it would likely start a worldwide crypto war which wouldn't be good. Plus, Bitcoin is not backed by any real value whatsoever, which is the inherent risk of it all.
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Sanchoni25
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I accept XBY/XFUEL
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July 17, 2019, 12:16:53 AM |
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Because that's not how the US government works... The US isn't like Russia, it's a democracy. Even if you put regulations and democracy aside, it would likely start a worldwide crypto war which wouldn't be good. Plus, Bitcoin is not backed by any real value whatsoever, which is the inherent risk of it all.
Russia isn't but US is a democracy lmaooo You should go read about Bitcoin again and this time try to understand it. |
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RBull
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July 17, 2019, 12:26:08 AM |
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The US doesn't want bitcoins because they can't charge taxes with it
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muratsink
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July 17, 2019, 01:48:04 AM |
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the US government fears the crypto world will threaten every government structure. the good news is, even though crypto gets a lot of pressure from many parties, and the new news is the US government forbids Libra, but the crypto world will not die. in the future there will be many people who realize that crypto will be the main place and miners will create a universal belief that BTC can damage US hegemony.
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DebitMe
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Get Paid Crypto To Walk or Drive
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July 17, 2019, 01:50:03 AM |
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What would they have to gain from this? You already said the US government holds all the power, so what does it matter if they put a trillion in and turn it into 2 or 3 trillion? Not like that would even make a dent in the national debt. Just doesn't make sense to do.
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Periodik
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July 17, 2019, 02:05:50 AM |
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We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
I don't see any reason why the US will buy a trillion worth of BTC. Just to have the power over the BTC market? Is that what you mean? And they are to go friendly to BTC as well. And then a coup would ensue. That would be the best thing to happen to us. But it would be a suicide to the government. The true rulers of the world, the billionaire bankers, would see to it that the government will not do anything stupid about this issue. Otherwise, government positions and even life could lose. |
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jseverson
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July 17, 2019, 02:36:12 AM |
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We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
Once the rest of the world starts to figure out what's happening (and there's guaranteed to be a leak somewhere), everyone else will dump, and the US Government will be 1 trillion short. Sure the gains could be pretty massive, but is still disproportionate with the risks. Remember, it's the people's money they're spending. |
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avikz
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July 17, 2019, 02:48:19 AM |
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We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
It is possible that already have a stash of bitcoins stored away safely, who knows?? US government is not bound to disclose that to anybody! I won't be surprised if Donald Turmp himself owns few hundred of it! After all, he is a businessman! However, there is no assurity that bitcoin price will only go up! There's no one in this world who can predict that for sure, not even Satoshi himself/themselves! It's purely speculation even if someone claims the same! |
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yazher
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July 17, 2019, 02:49:50 AM |
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We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
They cannot do that unless they know who satoshi is, we're talking trillion dollars here means a huge amount of money will be at risk. Because Bitcoin is still young Investment method not even reached 20 years of history so if you really want to invest a huge amount of money to this kind of thing then investing a small amount will do. But I think there are some US government Officials that already invest in bitcoin because they need to If they want to hide their assets and make it private to the other people. |
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jossiel
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July 17, 2019, 03:17:59 AM |
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It's risky for them and also they don't endorse it for the meanwhile. Just one endorsement coming from them then most of the people of the world will start buying after getting the directive that buying bitcoin should be fine.
And in result of that, the price would shoot up and they don't even have to buy it. We are on speculative market and every word that they say or other countries that can be powerful as them can do both. We don't even know if they are already secretly buying and saving.
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michellee
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July 17, 2019, 03:20:22 AM |
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I think they already buy a lot of bitcoin in the last few months ago because they see a good chance to buy as much bitcoin as they can. But they can do whatever they want because they have the power to spread any words to the public and many people will listen to them. But I don't think that it will stay for a long time because people now become smart and they will filter the bad news and don't attract to be panic because of one news.
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pooya87
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July 17, 2019, 03:44:03 AM |
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because bitcoin algorithm is Proof of Work not Proof of Stake aka proof of how much money you have to control the network with more of it! and in proof of work you don't gain any advantage by holding a lot of "shares".
because the market is not something you can control by having a lot of bitcoin. you can cause drama in it but it will be only temporary.
because it will cost a lot of money to get in at this point and start buying a ton of bitcoin not to mention that doing so will shoot the price ridiculously high since the market is still not that big.
because there are lots of easier ways to mess with bitcoin market and its price than to buy it!
because there is no point in messing with the price, government don't care if bitcoin is worth $1 or $1 trillion since bitcoin would do what it is doing at any price.
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Dapper
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July 17, 2019, 03:56:25 AM |
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They already can't afford social security for its own citizens, I don't think they can afford to go on a shopping spree.
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sent from my X6
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Broly46
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0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC
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July 17, 2019, 08:09:34 AM |
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It will be my best wet dream for the govt to buy all the bitcoin, all the crypto from the open market, buying is not the only choice they have, they can confiscate, taxing your crypto, ban it, regulate it, sanction, there is just over hundreds possible way to get their hand on it, buying is just one of the worst they could do, what gold buying binge is one completely isolated case.
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Self hating nerd that want to escape from reality into the cyberpunk.
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valentin68
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July 17, 2019, 08:40:07 AM |
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The answer is very simple: 1 trillion worth of Bitcoin = 1000*10^9 USD = 10^12 USD Today the bitcoin price is 9537 USD/1 Bitcoin, that is the US gov would have to buy approx 104 854 776 Bitcoins.  There will be 21 000 000 Bitcoins in the year 2140. Now there are approx 17 500 000 Bitcoins in this world. |
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