Hi Everyone!
It seems to me that people in the government love Bitcoin and love playing with it by controlling its price with different ways.
First they make a suggestion that it needs more regulation, or start a rumor that it will be illegal to mine, or even make a motion to pass a law restricting or forbidding Bitcoin.
People freak out, price drops, lawmakers buy.
Then they ease off regulation, maybe even admit that blockchain is cool and let people use it, make it okay to mine, and stop the law about restricting or forbidding Bitcoin.
People relax, price goes up, lawmakers hold.
Next level the regulations not just relaxed but favorable, regions with cheap electricity lure miners with favorable terms and credit, mining encouraged, trading is relaxed.
People go nuts, price MOONS, lawmakers DUMP
...and the cycle repeats...
Question to you:
What, do you think, the governments of different countries will do next to manipulate Bitcoin? Will it be to drive the price up or down?
For example Russia and USA are making some noise about hostile legislature... What will happen next?
Lets hear you! Will be fun to come back later and see who was right and who was wrong and who got rich
Good Luck and God Bless,
ÅÑÇ€£Å ヅ
It seems to me that people in the government love Bitcoin and love playing with it by controlling its price with different ways.
First they make a suggestion that it needs more regulation, or start a rumor that it will be illegal to mine, or even make a motion to pass a law restricting or forbidding Bitcoin.
People freak out, price drops, lawmakers buy.
Then they ease off regulation, maybe even admit that blockchain is cool and let people use it, make it okay to mine, and stop the law about restricting or forbidding Bitcoin.
People relax, price goes up, lawmakers hold.
Next level the regulations not just relaxed but favorable, regions with cheap electricity lure miners with favorable terms and credit, mining encouraged, trading is relaxed.
People go nuts, price MOONS, lawmakers DUMP
...and the cycle repeats...
Question to you:
What, do you think, the governments of different countries will do next to manipulate Bitcoin? Will it be to drive the price up or down?
For example Russia and USA are making some noise about hostile legislature... What will happen next?
Lets hear you! Will be fun to come back later and see who was right and who was wrong and who got rich
Good Luck and God Bless,
ÅÑÇ€£Å ヅ