Post
Topic
Board Speculation
Re: Could governments manipulate the price like this?
by
Kakmakr
on 24/06/2018, 08:49:10 UTC
Sure- just like any major entity can influence any variable.

Governments, however, are likely not doing this because they stand to gain from cryptocurrency. Malta is going to see double digits GDP growth in 2018, Venezuela will be able to circumvent trade sanctions, France will lead major tech innovations. All of these advancements are happening through blockchain acceptance. Governments stand to be much bigger winners than fostering crypto businesses and activities than to try to squander the industry as a whole.

That is just it. The governments and Banks are not benefiting from Bitcoin. They are benefiting from the Blockchain technology that they stole for their own Blockchain based technologies. They want to eliminate the competition, before they launch their own technologies. The R3 group with Mike Hearn is on the brink of releasing their own technologies and they want Bitcoin gone, by the time that they are ready to release that to the public. You will see a lot of BankCoins and GovCoins in the near future, just mark my words.

Let's consider this :

Governments cannot stop Bitcoin by stopping the technology, but they can kill the interest that people have in buying bitcoins. Could governments with the help of Banks, be behind this falling price?

Last year we saw a huge increase in the price and I was thinking that it could have been a collective buying strategy by Banks to buy a lot of coins for a synchronized dump in 2018.  

If the Banks bought a lot of coins last year at the beginning of the spike from $1000 and they triggered a buying frenzy, then most of the more expensive coins would have been bought by the public. So they might just have bought coins to trick other investors into buying more coins.

So what is their goal? Their goal will be to break the demand for Crypto currencies and Bitcoin, by gradually dumping the cheap coins that they bought at the start of last year and pushing the price down.

They know investors will have bought at the higher end, say $10 000 to $19000 and these people would probably have lost money, when they started dumping in 2018. They saw that "demand" for Crypto currencies increased, when there is a constant increase in the price and they are now creating a constant decrease in the price to break people's confidence in the technology and also the demand for the coins.

They will obviously use untraceable methods to do this, because the Banks are helping to hide the origin of this money.  Huh They can only print a few Billions more to execute this strategy and this will go unnoticed, because it is toilet paper money.  Tongue

This is the only logical reason why we are seeing a constant decrease in the price, in spite of all the good progress that we have made. It also explains the large spike in the price in 2017.

Hodl on guys and gals, do not be tricked by these cheap tactics.  Roll Eyes  

Dude, I think that we should all stop with this BS and talk of price manipulation and who is doing this to us. Just deal with it. Price goes up good, price goes down also good. If you are for the long run and if you believe in tech you wouldn't mind about the price. Many people are just in for the sake of money I am sick of it and to hear people whining about the price doesn't make any sense either. If price is manipulated okay let it be you and me can't have huge effect on this playground. Just don't think about it.

Dude! Just stop going through live by bending over to the people who are fuking you over. Open your eyes to the possibility that you are being controlled like a little puppet on a string. No matter what you do, you will always be the little hamster running in the wheel. Some of us are trying to analyse and question the unnatural things around us and we are trying to cut those strings and to exit that wheel.

Financial freedom will always come under attack and we should highlight possible attack vectors to reduce the impact and to open people's eyes before they fall into those traps.