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Author Topic: BNB prices will go up  (Read 12815 times)

Offline DAMKAR

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Re: BNB prices will go up
« Reply #90 on: May 11, 2024, 02:52:18 PM »
The government can actually control bitcoin but that requires quite a lot of money because so far it requires a lot of money to control bitcoin. Apart from that, the government also doesn't want its citizens to suffer losses because of the very unstable and very dangerous movement of bitcoin prices.
How government control Bitcoin?
Although the government has huge money, it doesn't mean that the government can control Bitcoin. Why do you think having a lot money enables the government to control Bitcoin? Bitcoin system is decentralized, there is no way to control Bitcoin. The price of Bitcoin is depending on the demand, the government also can't determine the price. If the government wants to secure the citizens, the government can give education about Bitcoin to them.
The government will never be able to control bitcoin. as you said bitcoin is decentralized, so no one can control bitcoin. Even though whales can manipulate it, it won't last long. because demand determines the rise and fall of the price of bitcoin.

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Re: BNB prices will go up
« Reply #90 on: May 11, 2024, 02:52:18 PM »

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Offline Google+

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Re: BNB prices will go up
« Reply #91 on: May 11, 2024, 07:41:25 PM »
The government can actually control bitcoin but that requires quite a lot of money because so far it requires a lot of money to control bitcoin. Apart from that, the government also doesn't want its citizens to suffer losses because of the very unstable and very dangerous movement of bitcoin prices.
How government control Bitcoin?
Although the government has huge money, it doesn't mean that the government can control Bitcoin. Why do you think having a lot money enables the government to control Bitcoin? Bitcoin system is decentralized, there is no way to control Bitcoin. The price of Bitcoin is depending on the demand, the government also can't determine the price. If the government wants to secure the citizens, the government can give education about Bitcoin to them.
The government will never be able to control bitcoin. as you said bitcoin is decentralized, so no one can control bitcoin. Even though whales can manipulate it, it won't last long. because demand determines the rise and fall of the price of bitcoin.
If you look at the current conditions then I believe the government can control bitcoin, we know that whales have an important role in bitcoin price movements, imagine that the whale is the government, then it's the same, only the government doesn't dare to do that because they think to always building the country's infrastructure without disrupting the country's finances.

Offline dekafee79

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Re: BNB prices will go up
« Reply #92 on: May 12, 2024, 03:08:10 AM »
The government can actually control bitcoin but that requires quite a lot of money because so far it requires a lot of money to control bitcoin. Apart from that, the government also doesn't want its citizens to suffer losses because of the very unstable and very dangerous movement of bitcoin prices.
How government control Bitcoin?
Although the government has huge money, it doesn't mean that the government can control Bitcoin. Why do you think having a lot money enables the government to control Bitcoin? Bitcoin system is decentralized, there is no way to control Bitcoin. The price of Bitcoin is depending on the demand, the government also can't determine the price. If the government wants to secure the citizens, the government can give education about Bitcoin to them.
The government will never be able to control bitcoin. as you said bitcoin is decentralized, so no one can control bitcoin. Even though whales can manipulate it, it won't last long. because demand determines the rise and fall of the price of bitcoin.
If you look at the current conditions then I believe the government can control bitcoin, we know that whales have an important role in bitcoin price movements, imagine that the whale is the government, then it's the same, only the government doesn't dare to do that because they think to always building the country's infrastructure without disrupting the country's finances.
The government will prioritize the greater interests of its citizens, rather than being a manipulator in crypto. In my opinion, the government is only trying to regulate local exchanges by making rules to protect its citizens

Offline yohananaomi

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Re: BNB prices will go up
« Reply #93 on: May 12, 2024, 07:12:01 AM »
The government can actually control bitcoin but that requires quite a lot of money because so far it requires a lot of money to control bitcoin. Apart from that, the government also doesn't want its citizens to suffer losses because of the very unstable and very dangerous movement of bitcoin prices.
How government control Bitcoin?
Although the government has huge money, it doesn't mean that the government can control Bitcoin. Why do you think having a lot money enables the government to control Bitcoin? Bitcoin system is decentralized, there is no way to control Bitcoin. The price of Bitcoin is depending on the demand, the government also can't determine the price. If the government wants to secure the citizens, the government can give education about Bitcoin to them.
The government will never be able to control bitcoin. as you said bitcoin is decentralized, so no one can control bitcoin. Even though whales can manipulate it, it won't last long. because demand determines the rise and fall of the price of bitcoin.
It will be difficult and uncertain until now that there is an institution or government that is able to control bitcoin. Bitcoin moves on its own based on the trade that occurs and no one will be able to control it. The same goes for whales, which can only be done simultaneously to manipulate trades that are momentary and not can last a long time and I agree with your opinion. The government is only able to regulate bitcoin exchanges on their local exchanges, not globally. That's the advantage of bitcoin, so that investors like it.

 

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