The Chase to control the market!

[Dr.Bitcoin_Strange]

Although the majority of people saw Bitcoin as a scam in the beginning, they were very sceptical about it, but for the government, even as they have realise how fast Bitcoin is dominating, the problem they have been having with it for the past few years is still the same, which is decentralisation and volatility. The government is looking for every possible means to make Bitcoin centralised so they can have everything under their control. But now many are embracing Bitcoin for the benefits and not to control the market, and it really would not be possible to control the market.

[franky1]

controlling the spot market is difficult as there are many countries with many spot markets(exchanges)
however even though some countries have ETF markets everyone is waiting for the 'first mover advantage' of a US ETF

[mendace]

Unfortunately the mass media always do a shitty job when it comes to badmouthing something and that's why Bitcoin hasn't enjoyed great popularity.  It is now coming back to the fore as altcoins have all turned out to be a waste of money and time and thus many have started to understand what Bitcoin means.

[Adams0001]

I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.

It’s great to see how things have changed since bitcoin was launched. When the instinct of something is just and positive, it’ll always find a way to outshine all negativity surrounding it and I think this is the case of bitcoin today. Institutions now making it look like a competition on who will own the more numbers of bitcoin which i feel it’s good for the development of bitcoin as well. This will increase the number of people holding bitcoin and also have some effect on the price stability (uptrend manner) of bitcoin. Bitcoin is winning and no one will love to be left behind, I expect more competition of such institutions in the future again.

[khiholangkang]

bitcoin is not spread evenly yet, so it is still possible to control the market. anyone who have capital can control the bitcoin market. but bitcoin also depend on the sentiment, good or bad sentiment can influence bitcoin price. sentiment factor only give small effect, capital give biggest influence in bitcoin price.

It's not easy and look at how big the bitcoin marketcap is, they have to have a large amount of money and find a place that sells that much bitcoin, if an exchange has half the number of bitcoins in circulation it's possible, but bitcoin is spread across many exchanges that make it difficult for a group to move the bitcoin price even if he has a lot of money, and again their competition is many, whales are not just one or two, and these institutions are competing with each other.
And who has that much money? Even microstrategy, which is now famous for holding lots of bitcoins, when they sell their bitcoins, I'm sure bitcoin will still return to its proper position in the future.

Speculation from people who have popularity and or big world governments that have influence in the world economy will definitely give sentiment that affects the bitcoin market, we have seen that a long time ago, saying bitcoin scam, ponzi and so on, but they are silent when bitcoin reaches The ATH is annually, this is possible, but it doesn't have an effect over a long time.

[DVlog]

controlling the spot market is difficult as there are many countries with many spot markets(exchanges)
however even though some countries have ETF markets everyone is waiting for the 'first mover advantage' of a US ETF

Yeah, BlackRock like companies sitting on a pile of cash that can be injected into the markets if they got the approval. These players are not like elon or some social media figure. They are some real deal and they know the business. Bitcoin supply is limited so they can grab a portion of the market and use it to manipulate it in their favour. Moving the btc price a few thousand of dollars is not so big deal for these giants.

[Lorence.xD]

I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.

It's normal for Bitcoin to have a negative background to some people since they don't have the knowledge yet about the potential that Bitcoin could give. We all know that due to Bitcoin's decentralization, we can't deny that some criminal activities are present in Bitcoin but of course it's not Bitcoin to blame since its open for everyone. As for the government they can't control the market as crypto industry is decentralized. Here in my country they which is the PH, they really want to put some taxes in every transactions in crypto since they are aware that people could earn huge money without even paying taxes. So of course they did not succeed. A government could only ever do is to ban them in their country. It would really depends on the people on what would be the fate of their assets in crypto.

[mv1986]

I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.

The banks' stance on Bitcoin being a scam probably hasn't changed. Or it has never been their stance in the first place because they probably call everything that's competition to their system a scam.

But banks are in for every gamble that could make them money. Whether it is a scam or not does not matter. Remember mortgage-backed securities? Since it was them who sold those "assets ", they didn't call it a scam of course, but they knew it was a scam.

They called Bitcoin a scam because they slowly realized what's coming their way and the young people stopped buying ETF saving plans and instead put their money into crypto projects. But the industry has now grown big enough that the daily liquidity is sufficient for banks to make money off of trading as well, or offering the services to act as a custodian or own part of trading platforms.

You could promote the tulip bubble again and all the banks will call it a scam, but if you can grow the tulip bubble big enough, you will see that banks will offer tulip trading.

[Franctoshi]

I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.

Bitcoin is now time-proven to be a real project other than a scam coin they thought it was going to be and those who mocked and laughed at the project have now joined the ship, showing that Bitcoin is indeed the future and more are yet to come. This is why we should hold every portion of Bitcoin we own very tight because the future is very bright for BTC.

[flyingcarpet]

I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.

It is not possible for them to control it, but it would be more accurate to say that they do not want to stay out of the market. From time to time, such negative things were said about Bitcoin, and these words are not said as much as before. Everyone is buying to own Bitcoin. Because critics in the past saw that they were unfair in their criticism.

One of my favorite aspects of Bitcoin is that it still stands tall despite all the criticism.

[Aikidoka]

In the past few years  I believe that many people believed that Bitcoin was primarily used for illegal activities or, as you mentioned money laundering. However, this is not the case at all. Similar activities can also be conducted using fiat currencies, so yeah.

Bitcoin was actually designed to simplify various processes. For example conducting global financial transactions could become more convenient compared to using fiat currencies. In addition to that, the concept of having a single universal currency that could be used worldwide is quite promising imho.

[Faisal2202]

BTC eft's are not tokens.

BTC in itself is decentralized but if a company "X" will have 1000 BTC and used them for ETFs then the ones who will buy shares from that X company will not buy real decentralized BTC instead they are buying Centralized pegged type BTC from those companies. Which make the whole scenario as centralized.

They are not buying BTC at all, what they are buying is shares of the spot BTC etf that the company is offering. In itself there is no centralized BTC, if a company offers you shares to represent BTC's that they owe you, the risk is on you and it does not mean the network is centralized.

You just rephrased what i said in my previous comment mate! i don't know the reason but i think you took it my mistake (means misunderstood the meaning of my post). Because i was not asking i was telling there making a simple statement means i also agree that BTC ETFs are not real BTC and they do not provide us the full decentralization because those BTC ETFs are controlled by companies which got those ETFs approved like the Blockrock (if they get approved).

[Bushdark]

I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.

Bitcoin is already changing lives that is why many of the big institutes and companies are taking the advantage now to accumulate Bitcoin and keep it in a safe wallet for a long time so that the price can appreciate more and more for a huge profits.
 At the beginning, many thought Bitcoin does not worth the stress of holding it and many sold there holdings why some other persons dturm there back on Bitcoin because of the rumor they heard. Now many institutes and companies are ready to hold Bitcoin so that they can become whales and have control of Bitcoin to there own advange.

[Rengga Jati]

I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc.

Actually, these thoughts and news are still around today. However, many people still don't like Bitcoin. Because of this, many negative things are always reported about Bitcoin. moreover, if there is a small incident related to Bitcoin and it is a bad thing, then it will be brought into big news.

but it is undeniable that the role of the government in the development and acceptance of Bitcoin in society will be very influential. When the government finally approves and legalizes Bitcoin, there will inevitably be pros and cons. but on the other hand, there will indeed be more and more people who also don't hesitate to get into Bitcoin.

[Wimex]

Well, actually there are certain individuals who took it upon themselves to damage bitcoin's reputation when it took flight, there is always someone who does this kind of thing, because we are not going to say that there are no people who do not scam, and do not try to harm For the rest of us, it would be covering our eyes and ignoring its existence, which is why I understand that at the time it was seen in this way, although now the situation is very different, despite the fact that these things continue to happen, and everyone knows about it of bitcoin or well the majority, and they recognize that the currency is not to blame, for what they do with it, now the question is who will dominate it, it is incredible that governments cannot let something continue with its original purpose...But they will It will make it very difficult for them and I could say that it is even impossible to achieve with said fact, bitcoin came  is decentralized and free and that is how it should stay.

[Bitcoin_people]

I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.

In fact, if you look at the history of Bitcoin, you can understand how the popularity of Bitcoin has increased and from which stage it is in which position. They considered Bitcoin to be a scam by the government where Bitcoin is supposed to be legalized as the country's virtual currency. Almost all the governments of the countries expressed negative aspects of this Bitcoin. As the government thought that illegal money laundering or drug dealers and money laundering will be done by this Bitcoin but it has gone completely opposite now. Currently Bitcoin has come to a position where industry and institutional sectors have started using Bitcoin. How popular this virtual currency has become can be understood by the impact we have now where Bitcoin has been legalized in many countries and various companies including factories are trading Bitcoin. All the countries that have accepted Bitcoin and transacted with this virtual currency have advanced and developed economically.

[karabiber]

bitcoin is not spread evenly yet, so it is still possible to control the market. anyone who have capital can control the bitcoin market. but bitcoin also depend on the sentiment, good or bad sentiment can influence bitcoin price. sentiment factor only give small effect, capital give biggest influence in bitcoin price.

As I understand it, by controlling the market you mean price manipulation by the owners of capital. Otherwise controlling Bitcoin and the market is not a monopoly of anyone and it is almost impossible. Because Bitcoin is not controlled by anyone and Bitcoin is based on a decentralized network and the consensus and communication of the participants. Therefore even if part of the network goes down transactions continue.
At the same time, Bitcoin allows blockchain technology and various algorithmically processed defense mechanisms to prevent fraud attempts. This part may not be in the interest of governments and states. The owners of capital cannot fully control Bitcoin but they have the power to shake up the market to the extent of their holdings. This does not mean that Bitcoin is controllable.

[Blitzboy]

I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.

In fact, if you look at the history of Bitcoin, you can understand how the popularity of Bitcoin has increased and from which stage it is in which position. They considered Bitcoin to be a scam by the government where Bitcoin is supposed to be legalized as the country's virtual currency. Almost all the governments of the countries expressed negative aspects of this Bitcoin. As the government thought that illegal money laundering or drug dealers and money laundering will be done by this Bitcoin but it has gone completely opposite now. Currently Bitcoin has come to a position where industry and institutional sectors have started using Bitcoin. How popular this virtual currency has become can be understood by the impact we have now where Bitcoin has been legalized in many countries and various companies including factories are trading Bitcoin. All the countries that have accepted Bitcoin and transacted with this virtual currency have advanced and developed economically.

It was initially true. There were many speculations and concerns regarding its illicit use. Governments often doubt because they don't know enough. Bitcoin was nearly labeled a tool for criminals. Despite the odds, it survived and thrived.

Now, its acceptance has increased, or increased, repeatedly. Big and small, ancient and new industries appreciate its value. It is authorized in many nations, and factories trading in Bitcoin is encouraging. Remember that a country that trades Bitcoin doesnt necessarily have a robust economy. In today's environment, Bitcoin shines brightly on enterprises and states. The event is genuine, yet its just another currency in finance.

[summonerrk]

I have been in crypto for more than 5 years and i have seen a lot of incidents within the industry. There was a time when government and even a lot of people call Bitcoin a scam or a scammer currency. Many thought that only hacker scammers use Bitcoin for money laundering, drug dealing etc. But now the situation has changed and it's good to see how institution chasing each other to not be late to join the industry. The situation is so intense that now what matter most is who will control the market. In the current situation, it seems, no one wants to be the last one to jump over space.

Unfortunately, even now the government sees bitcoin only as a threat. And if in a big sense, the government believes that bitcoin can shake the country's economy, because no banks or intermediaries sending money are needed, because cryptocurrencies make it possible to send money anywhere and anonymously. And more narrowly, the government believes that bitcoin is used only for payments for drugs, and other bad things. I think after the appearance of the first cryptocurrency, the FBI has added a lot of work to combat, because all these concerns of the government are not groundless.

[jeraldskie11]

I also heard a statements about Bitcoin here in my place that it's only use by people who did fraudulent activities. Out of curiosity, I study Bitcoin and I found out that the statement is not true. I learned that Bitcoin was made for people who don't want to expose their identities in order to protect their lives from bad people. Since banks knows the name of their investors, but with Bitcoin we didn't know it. We know that Bitcoin can be used in bad things but we have to bear in mind that this is not the purpose of Bitcoin.