The Chase to control the market!

[coolcoinz]

Bitcoin was indirectly called a scammer currency but only to those who are blind with the reality about bitcoin,

Wrong. It was called that directly!

In 2017 Larry Fink called it an "index of money laundering"
In 2018 Nouriel Roubini called bitcoin "mother of all scams"
In 2019 Jamie Dimon called bitcoin "a fraud"
In 2021 Donald Trump said "bitcoin feels like a scam"

I'm not adding links, you can google it if you want.

the government will never gain the full access on it.

Wrong again. Government can print money and you are willing to sell your bitcoin for that money.
In theory they could buy as much bitcoin as there's on exchanges.

If they US could send 75 billion dollars to Ukraine, they could spend the same on bitcoin if they really wanted to.
What would happen if other governments also tried to get it at the same time?

[1714628606]

1714628606

[1714628606]

1714628606

[RewFrew]

Bitcoin is fully decentralized so it Can't be control by anyone. But it is true that Bitcoin could be manipulated some times. Crypto whales can impact on Bitcoin price little bit. Yes there are many people from starting telling Bitcoin is scam. Still now many people telling Bitcoin is scam. But day by day People involving on Bitcoin. And It's popularity increasing day by day. I think it already proved that it is not scam. I strongly believe that bitcoin is  affected by anyone. Bitcoin cannot be influenced by anyone.

[Sanitough]

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.

Change is inevitable. If before bitcoin was accused as a tool for scams and other forms of fraudulence, right now bitcoin is already seen as a tool for profits and prosperity. That’s why it’s not surprising that those different financial institutions have been in a race to get in touch with bitcoin and when they have finally owned some of it, the challenge to make them financially profitable have begun. While it’s easy on the eyes of other people to be in profits with bitcoin, but in reality it’s not. And the fact that no one’s capable to access the market and take its full control, make bitcoin engagement more challenging.

[Silberman]

Wrong again. Government can print money and you are willing to sell your bitcoin for that money.
In theory they could buy as much bitcoin as there's on exchanges.

If they US could send 75 billion dollars to Ukraine, they could spend the same on bitcoin if they really wanted to.
What would happen if other governments also tried to get it at the same time?

Which is why long term holding is so important, not only as a way to profit from the market but as a way to limit the bitcoin governments can get by printing more money, otherwise at some point on the future governments could become the largest holders of bitcoin and then they could begin to manipulate it, like creating their own coin backed by bitcoin and forcing people to use it, using a tactic similar to what they used to deceive people to let go of their gold.

[Plaguedeath]

They're not control the market instead they're controlling their citizen.

It's related to privacy where the government cooperated with the centralized exchange or creating their own exchange and wallet. They could froze or use their own way to control their citizen who use their exchange and wallet, if you afraid of this problem, you need to stick with P2P exchange and non custodial wallet.

[Uruhara]

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.

Those who hold the most bitcoins will be the most powerful in controlling market prices. But fortunately bitcoin adoption seems to be more even. Because people must first start accumulating before more governments or institutions enter into investing in bitcoin. But still, sometimes market manipulation is always stronger through the influence of the news media which can create panic through news. But I learned a few things in this. That is, when a lot of money was spread in the media, it turned out that at that time the big investors were in the process of accumulation. They bought when people were scared and started selling their bitcoins. That's why some say that we should take advantage of other people's fears.

[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.

Change is inevitable. If before bitcoin was accused as a tool for scams and other forms of fraudulence, right now bitcoin is already seen as a tool for profits and prosperity. That’s why it’s not surprising that those different financial institutions have been in a race to get in touch with bitcoin and when they have finally owned some of it, the challenge to make them financially profitable have begun. While it’s easy on the eyes of other people to be in profits with bitcoin, but in reality it’s not. And the fact that no one’s capable to access the market and take its full control, make bitcoin engagement more challenging.

Its funny how quickly and easily the world changed its view of Bitcoin. Remember when everyone mocked it as a criminal tool? Now its the institution's golden child. The hunter becomes the pursued in this classic case. Institutions were frightened of Bitcoin's strength and potential, but now they're clamoring for a piece.

The punchline: they thought it would be easy and money would fall into their laps. Wrong. Bitcoin is decentralized, therefore no one can control its market. Thus, while institutions are dabbling in it and trying to milk it for all its value, they're finding it difficult. I love this cosmic irony.

[Texac]

Wrong again. Government can print money and you are willing to sell your bitcoin for that money.
In theory they could buy as much bitcoin as there's on exchanges.

If they US could send 75 billion dollars to Ukraine, they could spend the same on bitcoin if they really wanted to.
What would happen if other governments also tried to get it at the same time?

Which is why long term holding is so important, not only as a way to profit from the market but as a way to limit the bitcoin governments can get by printing more money, otherwise at some point on the future governments could become the largest holders of bitcoin and then they could begin to manipulate it, like creating their own coin backed by bitcoin and forcing people to use it, using a tactic similar to what they used to deceive people to let go of their gold.

I used to think about this too, if the government really wants to control bitcoins, they can print money and buy all bitcoins because people are investing in bitcoins to make money, they will be willing to sell their bitcoins if the government pays a higher price. 

You're right, long holding is really an important thing but I don't think everyone will do that.  we can also see most people are planning to sell their bitcoin when it hits $100k, no one wants to hold long term for bitcoin future. all for their own benefit, but I hope this won't happen.

[sunsilk]

Bitcoin is fully decentralized so it Can't be control by anyone. But it is true that Bitcoin could be manipulated some times.

The manipulation could be the influence from the bigger corporations and holders that can be said of their power and control. But yes, that's how it goes on this market whenever there have been some big movements just like this week.

Crypto whales can impact on Bitcoin price little bit. Yes there are many people from starting telling Bitcoin is scam. Still now many people telling Bitcoin is scam. But day by day People involving on Bitcoin. And It's popularity increasing day by day. I think it already proved that it is not scam. I strongly believe that bitcoin is  affected by anyone. Bitcoin cannot be influenced by anyone.

Before there was a vast of people telling Bitcoin as a scam but it has changed over time, thanks to the adoption that have come to us. The institutions have also helped somehow in that manner.

But those that have stayed to the market and turned deaf from those negative echoes that they've been hearing from the uneducated folks.

[Mauser]

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.

I don't think that any company or institution is really likely for a control of the bitcoin market. This could have happened in the past when the price for 1 BTC was still relatively cheap, but now around the 30,000 USD level it's way too expensive for any single entity to acquire large amounts of Bitcoin. I mean the whole concept of crypto currencies is that not one person is in charge and the system is decentralised. Having now one institution taking control over the largest crypto market would be devastating, if it would be even possible. As soon as word would get out that one institution is buying large amounts of BTC, the price would jump up quickly and the cost of buying more coins increases. Another question would be, who is willing to sell his precious bitcoin to someone that wants to control the market? I would rather keep my coins instead of giving them more power.