Quote from: Silberman on August 07, 2018, 10:48:00 PM

Quote from: cuteman on July 31, 2018, 07:14:45 AM

Quote from: Silberman on July 30, 2018, 08:46:46 PM

Again, if they really want it they will find a way, just look at what they did to gold, at first fiat was completely backed by gold and then the government began printing more money than the gold they had in stock since at the time the dollar was defined by a weight on gold, in fact the word dollar was a form of weight for gold similar to pounds or kilograms, but they circumvented this by printing more fiat, it is possible that in the future governments get bitcoin and back their fiat with it and then they print more fiat than the bitcoin they have in store.

Bitcoin is completely decentralized, and gold is not, as historically governments keep a lot of gold in reserves, and they can manipulate it somehow. Nevetheless gold price has risen last decades because of printing money. If governments decide to manipulate bitcoin, they will first need to buy it at a significant volume - wich will cause a huge rise in it's price. Not an easy task for them Wink

It is not easy, I will agree with you on that but it is entirely possible that governments are already buying bitcoin but they are doing it in a way so they do not make the price to go up, another possibility is that they try to find the whales that are holding huge amounts of bitcoin and arrest them for some reason and confiscate their bitcoins and instead of selling the bitcoin like they did in the past they could just keep it.

If we should analyze how the trend looks like and you'll draft it out for ten years timeline, there's no significant possibilities to initiate further changes. But the only main point here if we're going to expect that very huge price of $1m, it would rather frustrate every holders if not actually meet. The best ways to handle it is to let your assets remain steady, so you could survive long term holding and take your profits after.