Crypto market manipulation by the government to cover budget deficit!

[pooya87]

How do governments control the economy, or specifically the inflation? You may want to say "by increasing interest rates", and although that is correct but it is only one of the tools they use. They control the inflation by controlling the amount of money people have in their pockets. Increasing interest rates means taking loans (loan means people have more money to spend) becomes more expensive and paying back the loans they already have become more costly as the payments go up. So people end up having less money to spend on other stuff which means demand comes down which means prices can potentially come down which then translates into decreased inflation. (that's right, this is how stupid economy as a science has become!!!)

Of course there are other usual ways to take peoples' money like taxes all of which are taking money out of people's pockets. But there is another way to basically "rob" them and that's by market manipulation. If the government can make people invest in something (eg. stock market which they've done before) and then they can crash that market in a way that a large number of people lose a significant amount of money, the end result is going to be the same.
It's the same game as interest rates and taxes. Money taken out of the pockets of the masses into the pockets of the government and the few "elite".

From the day Trump started namedropping bitcoin when he was begging for votes a couple of months ago, I was worried that the US government (that is now up to its neck in debt with a budget deficit that keeps growing) is now looking at the cryptocurrency market, a $3 trillion market that is very easy to pump and dump!
Considering how desperate Trump is for money to the point that he is now begging rich people in the world to pay him $5 million to live in the colony, I'd say the crypto market sounds like a good target to make some money from by manipulating it...

My theory becomes more realistic when we look at Trump's right hand, Elon Musk who is someone with a history of experimenting with crypto market manipulation using bitcoin and some altcoins like doge over the past couple of years!!!
And these days the desperate Trump is talking more about a crypto strategic reserve that includes a bunch of shitcoins in it... coins that can be pumped and dumped easier.

[Amphenomenon]

I spoke about this to someone earlier today, although not on the fact that they are manipulating the market, maybe in the aspect of reducing inflation. I do agree with all these, and I will say that soon people will become aware or will see all their schemes and make judgement not by their claims. I think it was because of this that he picked Elon Musk and just as the influence he had on the crypto market rather Bitcoin fell significantly, this will also happen again maybe before the ending of year.

[Doan9269]

How do governments control the economy, or specifically the inflation? You may want to say "by increasing interest rates", and although that is correct but it is only one of the tools they use. They control the inflation by controlling the amount of money people have in their pockets. Increasing interest rates means taking loans (loan means people have more money to spend) becomes more expensive and paying back the loans they already have become more costly as the payments go up. So people end up having less money to spend on other stuff which means demand comes down which means prices can potentially come down which then translates into decreased inflation. (that's right, this is how stupid economy as a science has become!!!)

The manipulation has been on before now but people pay less attention to it, all the news they often heard about fiat currencies, economy inflation, interest rate and the likes are just a way of our more burdens in the life of the masses, yet people never consider for these because they are used to the system as long as it's coming from the government, but now that they are challenged by bitcoin, they are also thinking fast to avoid everyone getting swindled away from being their prey, then are still hanging and lurking around crypto to cause the unnecessary stir so that they can also make more money from the fear, hype and other involvements they may consider in their own interest.

Of course there are other usual ways to take peoples' money like taxes all of which are taking money out of people's pockets.

Even on paying tax, they have been manipulating us, but agreed that everyone is expected to pay it, now left on them to do the needful with all the collections.

But there is another way to basically "rob" them and that's by market manipulation. If the government can make people invest in something (eg. stock market which they've done before) and then they can crash that market in a way that a large number of people lose a significant amount of money, the end result is going to be the same.
It's the same game as interest rates and taxes. Money taken out of the pockets of the masses into the pockets of the government and the few "elite".

A good example is from the Trump coin that was hyped and later dumped causing lots of investors going on losses, the second example is that of the Argentina president, who introduced Libra coin and later told us he was unaware they have a scam intention, many more are coming into space, should we even talk of the increase tarrif plan for Mexico and Canada or we should talk more on the crypto reserve they are spreading news about to cause another pump and dump scheme with crypto.

[Mia Chloe]

How do governments control the economy, or specifically the inflation? You may want to say "by increasing interest rates", and although that is correct but it is only one of the tools they use. They control the inflation by controlling the amount of money people have in their pockets. Increasing interest rates means taking loans (loan means people have more money to spend) becomes more expensive and paying back the loans they already have become more costly as the payments go up. So people end up having less money to spend on other stuff which means demand comes down which means prices can potentially come down which then translates into decreased inflation. (that's right, this is how stupid economy as a science has become!!!)

The government controls a lot of things and that includes economies and liquidities of all these cryptocurrencies including Bitcoin. It was recently I got to know that the recent pump in price during the period we were experiencing was actually a planned stuff. Basically I found out that there was a sudden buy with a very huge amount after which the news spread and then the pump happened.

Shortly after this price dumped which shows a clear indication of manipulation in the market. This is the main reason why I always insist that one of the biggest problem faced in the crypto ecosystem is FOMO.

[Hamza2424]

How do governments control the economy, or specifically the inflation? You may want to say "by increasing interest rates", and although that is correct but it is only one of the tools they use. They control the inflation by controlling the amount of money people have in their pockets. Increasing interest rates means taking loans (loan means people have more money to spend) becomes more expensive and paying back the loans they already have become more costly as the payments go up. So people end up having less money to spend on other stuff which means demand comes down which means prices can potentially come down which then translates into decreased inflation. (that's right, this is how stupid economy as a science has become!!!)

Of course there are other usual ways to take peoples' money like taxes all of which are taking money out of people's pockets. But there is another way to basically "rob" them and that's by market manipulation. If the government can make people invest in something (eg. stock market which they've done before) and then they can crash that market in a way that a large number of people lose a significant amount of money, the end result is going to be the same.
It's the same game as interest rates and taxes. Money taken out of the pockets of the masses into the pockets of the government and the few "elite".

From the day Trump started namedropping bitcoin when he was begging for votes a couple of months ago, I was worried that the US government (that is now up to its neck in debt with a budget deficit that keeps growing) is now looking at the cryptocurrency market, a $3 trillion market that is very easy to pump and dump!
Considering how desperate Trump is for money to the point that he is now begging rich people in the world to pay him $5 million to live in the colony, I'd say the crypto market sounds like a good target to make some money from by manipulating it...

My theory becomes more realistic when we look at Trump's right hand, Elon Musk who is someone with a history of experimenting with crypto market manipulation using bitcoin and some altcoins like doge over the past couple of years!!!
And these days the desperate Trump is talking more about a crypto strategic reserve that includes a bunch of shitcoins in it... coins that can be pumped and dumped easier.

Loved the theory and it's not all about only theory.

That's a bitter fact, He's making crazy money just look at the shit TRUMP coin, now look at the ADA coin, this is another shitcoin, there's nothing productive on the chain in the coming few days I'm expecting many other coins names rolling out from his mouth.

Honestly speaking I've talked about it before and this Trump is going to be a disaster for the global economy. Now no hopes haha. they are going to ride the wave of reserves reserves but nothing is going to happen anytime soon.

EDIT: Sorry for the full quote as I agree with each and every word I think quoting the entire message is an option.

[BIT-BENDER]

From the day Trump started namedropping bitcoin when he was begging for votes a couple of months ago, I was worried that the US government (that is now up to its neck in debt with a budget deficit that keeps growing) is now looking at the cryptocurrency market, a $3 trillion market that is very easy to pump and dump!
Considering how desperate Trump is for money to the point that he is now begging rich people in the world to pay him $5 million to live in the colony, I'd say the crypto market sounds like a good target to make some money from by manipulating it...

One thing I believe is that Donald Trump needs the Crypto-currency world more than the Crypto-currency world needs Donald Trump.
Donald Trump isn't a long time crypto-currency enthusiasts. Crypto-currency did not start today but he showed the interest when it was time he felt would favor his election campaign, and with the collaboration of Elon musk it was the perfect show to get people on his side.

It's beats me that the Crypto-currency community felt that a bull run should be determined by a politician and in the case of Donald Trump many people took it too far forgetting that we have seen several bull run before now.

I think at the moment the crypto-currency market will be easily manipulated by politicians because we let this rubbish happen.

[Gozie51]

My theory becomes more realistic when we look at Trump's right hand, Elon Musk who is someone with a history of experimenting with crypto market manipulation using bitcoin and some altcoins like doge over the past couple of years!!!
And these days the desperate Trump is talking more about a crypto strategic reserve that includes a bunch of shitcoins in it... coins that can be pumped and dumped easier.

You have narrated the picture in the mind of many and logical crypto enthusiast. Yes your theory is trite.

Elon musk over the past years have manipulated doge coin and bringing in such expert in this business with high tech knowledge in the Trump administration heading (D O G E) is really going to put crypto minds on their toes with high and low volatility.

So will this discovery actually put more money in the pocket of investors or take more money from them because Trump might keep pumping his coin and who knows where the pendulum swings with Bitcoin.

[_BlackStar]

-snip-

It's beats me that the Crypto-currency community felt that a bull run should be determined by a politician and in the case of Donald Trump many people took it too far forgetting that we have seen several bull run before now.

I think at the moment the crypto-currency market will be easily manipulated by politicians because we let this rubbish happen.

Donald Trump and Elon Musk are just part of this year's bull cycle - the FOMO about them will eventually be over and replaced by something else. In fact politics can influence many things - including the crypto market, stocks and so on. After all - market manipulation has been talked about quite often, so it's nothing surprising. The most important thing is - every investor and holder should be realistic enough about the future and they should not put all their eggs in one basket.

[Davidvictorson]

I spoke about this to someone earlier today, although not on the fact that they are manipulating the market, maybe in the aspect of reducing inflation. I do agree with all these, and I will say that soon people will become aware or will see all their schemes and make judgement not by their claims. I think it was because of this that he picked Elon Musk and just as the influence he had on the crypto market rather Bitcoin fell significantly, this will also happen again maybe before the ending of year.

We don't know what is coming. I agree with you but there is a part of me that is sure that we don't know what is coming, what to expect or not expect from him. In my estimation, whatever opportunity there is to invest and buy more bitcoins, do it while you can and do not postpone it to such a time when the president make a bitcoin favourable comment. Bitcoin is going to $200k by the next month so they said but they never know. We don't all know.

[Franctoshi]

I don't see this as new though, because market manipulation has always been there ,mostly they used to control and manipulate the market prices with their policies and rates. After Donald Trump assumed office, we expected that Bitcoin will have been name among the US crypto strategic reserve but we saw different cryptos get shot-listed which clearly shows that they're in for big manipulations since they can control liquidity of these named cryptos as those coins are not decentralized, they can easily rig their supply and demand.

I thought I was the only one noticing what is happening, pump the price and dump it immediately,  but I believe crypto enthusiasts will soon get more focused on Bitcoin than what is happening with these listed coins on the strategic reserve.

[Don Pedro Dinero]

I don't know to what extent the OP may be correct but it is clear to me that the recent market rise and fall is due to Trump. As I commented in another thread, the rise was due to the announcement about the strategic reserve, and the fall was due to the tariff war, although this has affected all markets. Whether this is due to a premeditated plan as the OP says, I don't know.

[Z-tight]

I was surprised with the number of shitcoins in the strategic reserve plans, like i already asked in another thread, wasn't it supposed to be a BTC strategic reserve, at least that was what i thought i heard during the campaign.

It is easy to manipulate the crypto market because of the weak hands, they just buy and sell on any news they hear. Elon Musks influence over the BTC network waned after sometime if i remember correctly, so we'll see what happens in this situation and how long it is can be sustained if it is truly deliberate manipulation.

[Synchronice]

How do governments control the economy, or specifically the inflation? You may want to say "by increasing interest rates", and although that is correct but it is only one of the tools they use. They control the inflation by controlling the amount of money people have in their pockets. Increasing interest rates means taking loans (loan means people have more money to spend) becomes more expensive and paying back the loans they already have become more costly as the payments go up. So people end up having less money to spend on other stuff which means demand comes down which means prices can potentially come down which then translates into decreased inflation. (that's right, this is how stupid economy as a science has become!!!)

Of course there are other usual ways to take peoples' money like taxes all of which are taking money out of people's pockets. But there is another way to basically "rob" them and that's by market manipulation. If the government can make people invest in something (eg. stock market which they've done before) and then they can crash that market in a way that a large number of people lose a significant amount of money, the end result is going to be the same.
It's the same game as interest rates and taxes. Money taken out of the pockets of the masses into the pockets of the government and the few "elite".

From the day Trump started namedropping bitcoin when he was begging for votes a couple of months ago, I was worried that the US government (that is now up to its neck in debt with a budget deficit that keeps growing) is now looking at the cryptocurrency market, a $3 trillion market that is very easy to pump and dump!
Considering how desperate Trump is for money to the point that he is now begging rich people in the world to pay him $5 million to live in the colony, I'd say the crypto market sounds like a good target to make some money from by manipulating it...

My theory becomes more realistic when we look at Trump's right hand, Elon Musk who is someone with a history of experimenting with crypto market manipulation using bitcoin and some altcoins like doge over the past couple of years!!!
And these days the desperate Trump is talking more about a crypto strategic reserve that includes a bunch of shitcoins in it... coins that can be pumped and dumped easier.

Crypto market is definitely the best market for them to manipulate with and I have that fear too. I'm afraid that if they create a Bitcoin strategic reserves, the situation might be very good for a while but I think that in the end, their aim is to significantly increase the market cap and then tragically destroy it (i.e. pump the money out).
I think that Elon must will pump Doge coin and then dump it again. Crypto became an easy way to collect billions of dollars from different people. You create a token, promote it, then people invest billions of dollars into it, then you sell it and the coin goes down to zero. You basically get billions of dollars from them and they receive useless thing in exchange.
I don't know whether we should laugh or cry but what's happening around us is really pathetic and I still find it hard to believe that so many people are that dumb but that's fact, that's reality, I don't blame politicians anymore.

[Bitcoin Smith]

Government is nothing but a big corporate entity and the only difference is they're not selling anything just control the money flow, inflation, printing money, taxation and market manipulation too. It might be a setup that Trump throwing the hat on crypto in his campaign and when he became president launched his coin and then dumped it harder.

It's more than 2 trillion dollar market so obviously money making opportunities that any rich man will likely to embrace, it's always the poor people can't see things clearly falls into the trap and losing money.

[Fiatless]

You have just added another means or pattern the government is using to control inflation. They pump a coin, citizens invest and they also trigger a dump. However, I believe that the market manipulation by the US is to enrich some crypto players that contributed financially and otherwise to Trump's elections. The president is conniving with his inner circle to profit from the people. When Trump$ and Melinda$ were introduced, it became clear that the current US government was out to profit from the industry.

[mindrust]

It would be smart if Trump was doing that actually. He is trying to attract wealthy investors to the US but it won’t be enough to cover the US national debt. If he decides to use btc to pay off the US debt, he’ll have to pump btc to the moon first because I don’t think the US gov has enough bitcoins. I know they own thousands of btc but the debt was what, something like 37 trillion usd? That’s lots of money. They’ll have to get every btc they can get their hands on first and then the price will go above a million. That’s what I am guessing at least.

[coolcoinz]

Of course they are manipulating the market.

Yesterday I wrote about this in other thread. You should look at the timing of the Trump's reserve announcement and compare that with pumps on assets that were mentioned by him in that announcement. The markets started pumping before the announcement, which means somebody knew and took advantage of that knowledge. This is called insider trading, but crypto markets don't have rules regarding this, so you can do insider trading all you want without any repercussions. Do you believe Wall Street gamblers wouldn't take advantage of this? Musk knows how to do it. He bought bitcoin in 2021 and tweeted about it once he had a position open, then told that Tesla would be taking payments in bitcoin, then sold and tweeted that Tesla is dumping bitcoin because it's suddenly bad for the environment. Then he said that Tesla would again accept bitcoin when 50% of its mining is from renewables. Bitcoin reached it a year ago and Musk ignored the fact and still doesn't accept it. Musk is a liar and a manipulator.

[Alpha Marine]

They are going to ride the wave of reserves reserves but nothing is going to happen anytime soon.

I have said this countless times on this forum. People need to take their heads off Trump. They need to stop seeing him as a saviour to bitcoin. He had a great campaign team, they understood what gave him votes and they stuck with it and that's about it. He doesn't care about Bitcoin, he's not a bitcoin enthusiast or even a bitcoin lover, he has made this clear before. People simply do not pay close attention to these things and that's a problem.
Trump says something and you'll hear different excuses on how "he doesn't mean it that way or he was joking". The office of the President of the United States is an office where you do not have the luxury of saying things they don't mean or joke about sensitive things.

I don't believe they're using the crypto market to control inflation though, I believe it's just the market reacting to global economic and political events like it always has.

[pooya87]

One thing I believe is that Donald Trump needs the Crypto-currency world more than the Crypto-currency world needs Donald Trump.

I don't see how the opposite could be true meaning how the crypto world needs the US government! Things were fine before for over a decade without needing any centralized government intervening.

I don't see this as new though, because market manipulation has always been there ,mostly they used to control and manipulate the market prices with their policies and rates.

That's true, but this time I believe the US government is going to be actively trying to manipulate the market to actually earn money from it which is the scary part.

It would be smart if Trump was doing that actually. He is trying to attract wealthy investors to the US but it won’t be enough to cover the US national debt. If he decides to use btc to pay off the US debt, he’ll have to pump btc to the moon first because I don’t think the US gov has enough bitcoins. I know they own thousands of btc but the debt was what, something like 37 trillion usd? That’s lots of money. They’ll have to get every btc they can get their hands on first and then the price will go above a million. That’s what I am guessing at least.

I think the budget deficit ($1.8 trillion) is the bigger and more immediate issue and as I said in OP when they are begging for $5 million handouts, they surely can consider the crypto market as one of the sources of revenue as well.

[shield132]

Another way that I want to add is national currency. Governments manipulate people by national currency. For example, we have a national currency in my country but everyone measures the price in USD. Do you sell a car? The price is written in dollars. You sell an apartment, the price is written in dollars. I asked one person from the government about why we need national currency if our population tries to buy and sell everything in US dollars. He couldn't give me a normal answer but I know that they need national currency to make people poorer. Officially, you can't buy or sell anything in USD but since we import everything, we need to buy USD with local currency, give it to a foreign country and then sell our stuff here in local currency. The government often changes rates of local currency/USD/Euro pairs. Our people hold money in USD and Euro because no one trusts the national currency long-term because of its high inflation. The government often increases the USD exchange rate, then people immediately buy USD, then they lower the USD exchange rate, and people then sell at a loss with the fear of losing money and that's how it goes all the time.