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Author Topic: What will governments do next to manipulate Bitcoin?  (Read 531 times)
RealMalatesta
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July 01, 2020, 06:39:24 PM
 #61

Do you think they could have a branch on government to do something about crypto or is it like too small to care? I mean they have bunch of branches for everything, having one for crypto could be different and with all the tax they could get from tracking every single person and asking for tax could mean that it would be a government branch that actually profits as well and not cost money. If they do something like that, it could both manipulate bitcoin but also it could help you out as well.

So, would you prefer something that allows governments to manipulate bitcoin but can't control it (decentralized currency after all) but that would help you too, or would you want government to be out of it all together even if that means it would hurt you? I am not entirely sure but the reason why bitcoin was created was a bit of resistance towards current system so I would say latter would be better.
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July 01, 2020, 07:02:17 PM
 #62

^ Definitely right, the decentralized asset of bitcoin it is impossible to the government manipulated bitcoin. But there are countries that classified as a bitcoin is fully restricted to their country but do you think this manipulation will not able to people accessing bitcoin? They can use a VPN if they want, even Trump nothing has to do in using bitcoin in the US. He wants to manipulate bitcoin and put it a tax. Nevertheless, I like the idea of other countries that trying to establish a legal framework for cryptocurrencies even though they know that this probably threaten when it comes as an investment asset.
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July 03, 2020, 04:30:11 AM
 #63

^ Definitely right, the decentralized asset of bitcoin it is impossible to the government manipulated bitcoin. But there are countries that classified as a bitcoin is fully restricted to their country but do you think this manipulation will not able to people accessing bitcoin? They can use a VPN if they want, even Trump nothing has to do in using bitcoin in the US. He wants to manipulate bitcoin and put it a tax. Nevertheless, I like the idea of other countries that trying to establish a legal framework for cryptocurrencies even though they know that this probably threaten when it comes as an investment asset.

   DoublerHunter some countries are financially strong and with a lot of money they can try to manipulate with crypto-market.
I don't know about manipulations from technical side, but if county is equipped and have good infrastructure with strong
computers maybe they can try to make some problems. I believe some countries tried this already, but if we are still alive and
decentralized probably they couldn't do much, and crypto-currencies are getting stronger, I believe it will be harder for them
to manipulate with crypto-markets in the future, or even impossible.
   



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Rainbot
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July 03, 2020, 06:13:51 AM
 #64

^ Definitely right, the decentralized asset of bitcoin it is impossible to the government manipulated bitcoin. But there are countries that classified as a bitcoin is fully restricted to their country but do you think this manipulation will not able to people accessing bitcoin? They can use a VPN if they want, even Trump nothing has to do in using bitcoin in the US. He wants to manipulate bitcoin and put it a tax. Nevertheless, I like the idea of other countries that trying to establish a legal framework for cryptocurrencies even though they know that this probably threaten when it comes as an investment asset.

   DoublerHunter some countries are financially strong and with a lot of money they can try to manipulate with crypto-market.
I don't know about manipulations from technical side, but if county is equipped and have good infrastructure with strong
computers maybe they can try to make some problems. I believe some countries tried this already, but if we are still alive and
decentralized probably they couldn't do much, and crypto-currencies are getting stronger, I believe it will be harder for them
to manipulate with crypto-markets in the future, or even impossible.
   

if they are rich enough why would they care for such bitcoin but even some poor or rich country do accept bitcoins too  .

 manipulation in a technincal side is more threatening than compare to a normal manipulation because price were only being affected but if its on a techy side they can destroy bitcoin literally making it obsolette  .  its hard to manipulate a market if there are many anti manipulators because the flow of the transactions will be the same or wont favor to the manipulator
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July 03, 2020, 06:15:09 AM
 #65


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.

looks like the government now taking their piece of cake?but what government would not want to gain?looks how much money is now inside this market?the amount that inside crypto is enough to feed the whole 3rd world country.
As if that's the main agenda of the governments that want to get inside to bitcoin. They're in it because there's money and it doesn't matter to them if it's for the sake of their people or for personal interest, it's the reality which we knew about governments.
have i said about this? i have mentioned about the amount inside Crypto is enough to feed a third world country thats why they are eager to enter inside and take their piece of cake.
That is my clear statement and nothing else about what you are saying.

Quote
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.
actually what OP is saying is those government is making issues to shaken the market and not manipulating with Big budget.
That's the point and do you think they can shake or manipulate the market without anything inside their pockets? You can't shake the entire bitcoin market or any market without any huge fund involved.
They need no money in pocket to manipulate the market and that is what they wanted to prove,they are the authority and everything is possible in their part though It is hard to do it inside crypto.
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July 03, 2020, 05:41:26 PM
 #66

Do you think they could have a branch on government to do something about crypto or is it like too small to care? I mean they have bunch of branches for everything, having one for crypto could be different and with all the tax they could get from tracking every single person and asking for tax could mean that it would be a government branch that actually profits as well and not cost money. If they do something like that, it could both manipulate bitcoin but also it could help you out as well.

So, would you prefer something that allows governments to manipulate bitcoin but can't control it (decentralized currency after all) but that would help you too, or would you want government to be out of it all together even if that means it would hurt you? I am not entirely sure but the reason why bitcoin was created was a bit of resistance towards current system so I would say latter would be better.
Well, the only method I can think of to actually make any sort of manipulation that they could even make a profit from is actually that doesn't require moves with money to manipulate, sure they need money for the profit part but the manipulation doesn't require any money at all.

If you are a big nation, just tell the world that you are considering banning bitcoin all together, and even have a public announcement that you want to meet other big world leaders on potentially banning or at least limiting very much with full government knowledge (like KYC but harsher) to even own bitcoins, that will drop the price a lot. Buy as many bitcoins as you can as government when the price is that low and continue to be harsh.

After a while when you have enough, tell everyone you changed your minds and you will allow bitcoiners to exist and also will support them, that will increase the price a lot. You can sell after this stage.

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