Actually I'm clueless how easy it is to paint the chart. However, I guess if theytm could manipulate Gold they surely can do it with the BTC market.
If you had not noticed, bitcoin is both similar and different from gold.
Of course, some of the same tricks are going to be attempted, and of course, they likely have some new tricks that they believe that they are going to be able to employ.
I would not even claim that they are not going to try, and that they are not going to pull out multiple bags of tricks to perhaps even play dirtier than they had played before.
Will they be successful? or significantly successful? or sufficiently successful in order to be able to reach their goals of "controlling" bitcoin? There deeply inbred aspects of bitcoin that are attempting to prepare for these kinds of attacks, so part of the question will be regarding what levels of success that the status quo manipulators and their various allies might be able to achieve.
Sure those of us in this thread already have some doubts about if they are going to be able to be successful, but I doubt that any two of us are going to agree on all the aspects in terms of either attempting to describe where we are at, how we got here or where we might be going, but if we own some bitcoin we are at least hedging such a future in which the manipulators are not going to be even as close to as successful as they had been in gold.. and furthermore, some guys here might even believe that the status quo powers might be able to be successful in manipulating bitcoin, but there is still value in bitcoin, even if the status quo powers that be enjoy various levels of success in controlling bitcoin more than what the more radical bitcoiners might prefer as the outcome.
For sure, these kinds of battles have already been going on for a while, and likely part of the rationale of approving future based ETFs and not approving spot based ETFs is to attempt to get bitcoin under control, but still does not guarantee that the status quo powers that be are going to be even close to as successful as they had been with gold in that regard (largely - but not completely) demonetizing gold.
Articulate the goal as Demonetizing bitcoin?
Good luck with that.
Of course, there is likely going to be ongoing battles for years to come.
As I said before, it's the chance for the bears. They just need to push a little more to generate a totally bearish sentiment... Damn I mean even PlanB is getting bearish..
With everyone being bearish it will be a good time to enter the disbelief phase...
Yes.. of course, there are going to be attempt s to push the BTC price as low as possible and keep it as low as possible for as long as possible... There are more tools this time around than there were in 2013. and even more tools than there were in 2017.. but still there seem to be pretty BIG risks too if they fuck it up and are they going to just keep pumping naked shorts into BTC without breaking some of their own systems.. and the BTC price ends up moving the other way anyhow, and all those players with the naked shorts (whether governments, financial institutions and/or rich no coiners) end up having to figure out what to do when the BTC price ended up moving against them, and they do not have any actual BTC.. all they have are the paper ones.. Are those paper ones going to work when push comes to shove and the various accounts are supposed to be settled? Who's going to be holding the bag if there are not enough BTC? Who's going to pay for that?
I don't claim to know the answer(s), but I do appreciate that bitcoin is similar to gold, but at the same time it is different from gold, too.