The Chase to control the market!

[virasog]

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.

There is still a dark side to this as the institutions and whales are not approaching the adoption in the right direction. Most of the time these big whales move the market down in order to buy low and accumulate. There are many dirty games being played by them. If you remember how Elon Musk put the logo of Bitcoin on their Twitter profile and then removed it and how that market reacted to it.

Let's hope these institutions manipulation is over and bitcoin is adopted in a good decentralized natural way. Being a retail investors, it is necessary for us to know that we do not have to sell our bitcoin when these whales will spread negativity everywhere forcing us to sell our bitcoins and they (whales) buying them cheap.

[BenCodie]

I don't think any institution is trying to control the market, BTC network is decentralized; so it cannot be controlled by anyone, what you are describing is different from what control is. What you are describing is simply that more people and institutions are joining the network, and it is normal. People had and still have wrong impressions about BTC and the network, but many of them later change their ideas to become adopters, it does not mean that they want to control it, which they can't obviously.

If you gave any institution or corporation the ability to control (or at least, significantly influence) the Bitcoin or the cryptocurrency market, they would jump at the opportunity. This, I have no doubts of. Though the market can not be completely controlled, just influenced....and it is influenced quite often. Fortunately as more institutions, corporations and even businesses seek to use or profit from Bitcoin, the ability to have influence will reduce as supply becomes more widespread.

Relating to the rest of what you are saying, this is one of the strongest attributes of Bitcoin. Causing someone to first hate it, call it all of the names and insults that can stick....and then years later completely contradicting themselves by realizing BTCs value. I love that, and I love seeing it happen first hand People who are still having doubts or impressions will be forced to learn sooner or later.

[_BlackStar]

-snip-

There is still a dark side to this as the institutions and whales are not approaching the adoption in the right direction. Most of the time these big whales move the market down in order to buy low and accumulate. There are many dirty games being played by them. If you remember how Elon Musk put the logo of Bitcoin on their Twitter profile and then removed it and how that market reacted to it.

virasog - i don't see it as a side of the degree because basically every one of them has their own financially profitable plan. Even if bitcoin has cases of abuse by some users - that is also not the dark side one would expect from bitcoin. They exploit the market and traders' emotions to their advantage - but that is clearly frowned upon.

Let's hope these institutions manipulation is over and bitcoin is adopted in a good decentralized natural way. Being a retail investors, it is necessary for us to know that we do not have to sell our bitcoin when these whales will spread negativity everywhere forcing us to sell our bitcoins and they (whales) buying them cheap.

I can't really expect whales to care about such things - but I tend to expect traders to be smart enough to anticipate manipulation. After all bitcoin shouldn't be built around institutions and whales - meaning each of the holders has full rights to sell and hold it and follow its investment plan.

[Peanutswar]

Before that was people thought about Bitcoin more on the dark market but with the potential of it and being decentralized people sees the potential of it also with the hype of different project bitcoin now known by people not only use of it instead with the benefits of it's security and have the anonymity.
Anyone today can buy a number of Satoshi or even bitcoin if you are getting worried about the number of people who have this we cannot control it because they have the money. Else if you are afraid of your investment better to make a plot with the market price movement to prevent unrealized loss.

[taufik123]

Let's hope these institutions manipulation is over and bitcoin is adopted in a good decentralized natural way. Being a retail investors, it is necessary for us to know that we do not have to sell our bitcoin when these whales will spread negativity everywhere forcing us to sell our bitcoins and they (whales) buying them cheap.

I can't really expect whales to care about such things - but I tend to expect traders to be smart enough to anticipate manipulation. After all bitcoin shouldn't be built around institutions and whales - meaning each of the holders has full rights to sell and hold it and follow its investment plan.

Being a smart trader is quite necessary in order to be able to keep up with the game that the Pope set up by doing a lot of manipulation.
As you said, each holder has full rights to sell or hold.
The Pope and institutions also take that right, but they will manipulate it to benefit themselves.

See how the bitcoin market suddenly crashed because of some manipulations and conspiracies done to bring down bitcoin.
When it works they will get a cheaper price.

As a retail trader, or as a shrimp (nickname for small traders) I just follow them and don't fight the flow.
If you want to keep holding then prepare a reserve of funds to take advantage of the market crash so that we can get cheaper prices.

[Mate2237]

Government never like bitcoin but they can't do anything to stop it and I believe one day those who hate bitcoin will use bitcoin even more than those who are using it now. It is because of this scamming accusation many religious leaders and followers dislike the coin. On their own they just dislike the coin call it with different names yet nothing come out from them. We continue use it p2p. Many people dislike the coin because of what e to many people in the world through Money Making Machine (MMM) and when bitcoin came to popular in the my country, everyone was afraid to join the technology and few people accepted it. Those who call bitcoin as as bad something is confirming the pressure of the increment of the coin.  But big companies are joining the league. " If you can't beat them, you join them" and this how it goes to happen in the cryptocurrency world. Bitcoin market is riing every year  so those who hate bitcoin will participate in the investment.

[Silberman]

I don't think any institution is trying to control the market, BTC network is decentralized; so it cannot be controlled by anyone, what you are describing is different from what control is. What you are describing is simply that more people and institutions are joining the network, and it is normal. People had and still have wrong impressions about BTC and the network, but many of them later change their ideas to become adopters, it does not mean that they want to control it, which they can't obviously.

If you gave any institution or corporation the ability to control (or at least, significantly influence) the Bitcoin or the cryptocurrency market, they would jump at the opportunity. This, I have no doubts of. Though the market can not be completely controlled, just influenced....and it is influenced quite often. Fortunately as more institutions, corporations and even businesses seek to use or profit from Bitcoin, the ability to have influence will reduce as supply becomes more widespread.

Relating to the rest of what you are saying, this is one of the strongest attributes of Bitcoin. Causing someone to first hate it, call it all of the names and insults that can stick....and then years later completely contradicting themselves by realizing BTCs value. I love that, and I love seeing it happen first hand People who are still having doubts or impressions will be forced to learn sooner or later.

The first reaction people have to anything new is rejection, people have a resistance to change and they want everything to remain the same, an impossible wish as everything is evolving all the time, including themselves, and when we add there is a lot of misinformation out there about bitcoin then this response becomes even more intense, however slowly some people are learning more about bitcoin and realizing it is not as bad as the media claims and instead it could also be exactly what they need at this time.

[Kakmakr]

Yes, I was in this space for much longer than 5 years and I can remember a time where there were hardly any "public" place, where you could buy bitcoins. We bought bitcoins from anonymous online sources and we sold it person-to-person in Bitcoin meetup groups to stay anonymous.

Things have changed a lot since then, with Crypto currency Exchanges popping up like mushrooms and pseudo anonymity 100% destroyed. Almost nobody care about anonymity and almost all platforms require KYC verification. 

[21mBrian]

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.

If you want to control the Bitcoin market, I guess, at least, you need control the supply. Is it possible to control the supply?

[Sebas.tian]

It will be difficult for the institutions to control the price of Bitcoin or crypto, because the industry is too large for a single institution to remote the dumping and pumping of the Bitcoin and crypto in the market. I think, many institution are using this opportunity to buy Bitcoin and cryptocurrencies to be part of the next move of the market price, because there is a hope that the price of Bitcoin will reach $40,000 before the end of this year which is the reason why those institutions are trying their possible best to achieve something good from it in the future. Those governments that called Bitcoin a scam currency some years ago later discovered that it was not a scam currency that made them to adopted it for their countries to be part of those countries that is enjoying Bitcoin today.

[koang]

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.

Hard to predict where we will be 4 or 5 years from now, but the train has left the station. Clear, the industry will continue to grow.
Now bitcoin will hover at 29k for a while, pay more attention to the trend of Bitcoin,  hold, and Follow the trend.
Those who stayed long-term in crypto have been greatly rewarded.

[YUriy1991]

Yes. It's simple, where there is innovation there is growth and this is showing where there are now many investors and institutions or let's just say the private sector is always looking for pure reserve assets and seems poised to become a source of additional demand for the store of value property that is Bitcoin and they believe Bitcoin solves one of the world's longest standing problems namely trust. Several countries that experienced episodes of hyperinflation had high Bitcoin adoption rates, including Venezuela, Argentina and others.

[Weawant]

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 percentage of those using Bitcoin for money laundering, ransom payment or drug dealing business and other illegal business is very small. Physical fiats that are untraceable is what is been used mainly for the illegal deals going on in different parts of the world.

The government knew they weren't telling the truth when they gave all those false accusations against Bitcoin but they were only protecting their interest that's why they spoke wrongly about bitcoin with every opportunity but they can't do that anymore because it isn't effective.

If they don't join others in investing now they'll regret in future and that's why every company is buying Bitcoin and now fighting for who will have the highest shares of the market gain when the price starts pumping but bitcoin is decentralized and not controllable like fiats.

[rachael9385]

Government never like bitcoin but they can't do anything to stop it and I believe one day those who hate bitcoin will use bitcoin even more than those who are using it now. It is because of this scamming accusation many religious leaders and followers dislike the coin. On their own they just dislike the coin call it with different names yet nothing come out from them. We continue use it p2p. Many people dislike the coin because of what e to many people in the world through Money Making Machine (MMM) and when bitcoin came to popular in the my country, everyone was afraid to join the technology and few people accepted it. Those who call bitcoin as as bad something is confirming the pressure of the increment of the coin.  But big companies are joining the league. " If you can't beat them, you join them" and this how it goes to happen in the cryptocurrency world. Bitcoin market is riing every year  so those who hate bitcoin will participate in the investment.

Some of these governments are already investos, despite that the government superiors haven't approved it, some of these governments have invested in bitcoin because they sees it as the safest way to hide some of the money that they have embezzled in the society, the way Bitcoin adoption is growing people that have criticized Bitcoin before are beginning to join the team because they have hear the positive reports from other investors, some of the people who haven't invested in bitcoin are been skeptical about Bitcoin because they haven't seen anyone who will show then proves of profits and tell them how to go with there investments while holding for the bullish season.

[tjtonmoy]

Money. Wherever the big companies see the opportunity to make money, they will take it. Bitcoin is fortunately on that side of the trend right now. Should I say fortunately or unfortunately? For me, fortunately, is the best what describe this situation. Because it is decentralized and no matter how much they try, they can't manipulate the market at their own will. So, control is not something that they will be able to do to the crypto market.

It's all about going with the flow. They will ride the tide as long as it benefits them. The moment it starts to go in the opposite direction, they will leave it immediately. Their involvement in crypto is like a necessary evil. We don't need them but they are doing good for Bitcoin's future. Even if it's little but it is helping. For the time being. More will join, and more will fall. This is how it is going to be until Bitcoin survives all of this and stand at the top in the end.

[Questat]

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 was indirectly called a scammer currency but only to those who are blind with the reality about bitcoin, and whatever the government talks about bitcoin, they eventually supported it even without intensive research. But now, everything has changed. Bitcoin is now starting to surpass the expectations about fiat, that’s why a lot of financial institutions are now favoring bitcoin and start to invest in it for future potential profits.

By the way, always know that bitcoin remained decentralized up to these days and it’s obvious that no other group or entities can control its market. As long as it’s not centralized, then the government will never gain the full access on it.

[Asuspawer09]

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 already has this bad image on a lot of people around the world, for sure Bitcoin is used in a lot of illegal transactions through the past years, I mean it is actually a tool and its just Bitcoin's nature of being decentralized is somehow reliable to a lot of scammers, criminals, etc. out there. We can clearly see it in a lot of articles, news, etc. where Bitcoin becomes always a big part of illegal transactions. Even though there are a lot of allegations if you already know Bitcoin or what it is you know that Bitcoin is not what people think of it.

But through the years Bitcoin adaptation was already skyrocketed and there are already a lot of platforms, banks, and governments that are already supporting cryptocurrency and Bitcoin because they already know the potential of it, for sure there will be a lot of them that are going to be a part of the next Bullrun so everyone would want a piece of that,  I mean there is still time since the market is still holding on a current market price, for sure when the market price pump a huge percentage a lot of investors or whales are going invest again, I don't know if big companies are already buying today but maybe in the coming months were already going to see a huge increase considering there are already more people who know cryptocurrency and Bitcoin.

[Blitzboy]

Government never like bitcoin but they can't do anything to stop it and I believe one day those who hate bitcoin will use bitcoin even more than those who are using it now. It is because of this scamming accusation many religious leaders and followers dislike the coin. On their own they just dislike the coin call it with different names yet nothing come out from them. We continue use it p2p. Many people dislike the coin because of what e to many people in the world through Money Making Machine (MMM) and when bitcoin came to popular in the my country, everyone was afraid to join the technology and few people accepted it. Those who call bitcoin as as bad something is confirming the pressure of the increment of the coin.  But big companies are joining the league. " If you can't beat them, you join them" and this how it goes to happen in the cryptocurrency world. Bitcoin market is riing every year  so those who hate bitcoin will participate in the investment.

Governments and religious groups rejecting Bitcoin demonstrate their ignorance of blockchain technology's decentralization. Are they truly naïve to think they can stop technological and economic advancement? Bitcoin's resilience and adoption don't need approval.

MMM was sad, but blaming Bitcoin is like blaming cash for every Ponzi scheme or swindle! Bitcoin is a medium. These entities should quit blaming each other, educate themselves, and discern between technology and misuse.

You say "big companies"? They're not "joining the league" for fun. They see potential, innovation, and decentralized finance's inevitable supremacy. Bitcoin's popularity is a revolution, not a trend. If you disagree, keep shouting into the void; Bitcoin's market cap and global popularity will rise despite your bogus accusations.

[lixer]

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.

No one can actually control the market, they can do some manipulation if they spend billions of dollars to acquire a lot of Bitcoins and then use them to create buying and selling walls on the market to manipulate the market and buy cheap Bitcoins from those who panic sell when they see the market crashing. However, I wouldn't call that controlling the market because they can't do this forever and their coins will eventually be sold if they keep doing that.

You are right that the people or organizations that used to call Bitcoin a bubble or a currency that is used only for criminal activities are accumulating as many as they can right now, and what we don't know is that most of these organizations and people don't even reveal this but are buying in the back end.

[mirakal]

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 interesting to see how things quickly change, isn't it? My guess is that probably the governments realized since the beginning how powerful bitcoin was, and they also understood that it would be extremely hard for them to limit/control it, so they tried everything in order to make it look bad but, fortunately for us, the bitcoin community was stronger than the FUD, and at that point BTC was something already too big to be contained by the governments.

True. They won’t be too harsh with bitcoin if they weren’t aware of its high potentials even before. They have banned it in most countries but until now, bitcoin is still left standing strong. Until such time that these financial institutions have finally started to adopt bitcoin and the government cannot do anything about it but to see it even more progressive and profitable as years passed by.

However, let me clear this that no matter how saturated the market will be, the crypto market will never be in controlled by any of these financial institutions and no other entities will be capable to do it.