Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: ambar33n on June 24, 2018, 11:24:20 AM
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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. <Like what is happening now>
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. They can only print a few Billions more to execute this strategy and this will go unnoticed, because it is toilet paper money.
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. <If this is true>
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You are all right. Governments are doing just that, to reduce people's interest and demand for Bitcoin and other cryptocurrencies. And recently watching the change in the price of Bitcoin, you can say that they get to create panic and force people to sell their coins.
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A good and meaningful analysis of the market. I'm sure that for most crypto enthusiasts and those who are just beginning to be interested in cryptocurrencies and what happens in the cryptocurrency market, it will be very interesting. Because without competent analysts and reliable information it's hard to understand what happens when you see a sharp and swift inflation of prices for all cryptocurrencies. It is always interesting to hear the opinions of other people who have knowledge.
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But everyone got something called brain in them, I don't think people would sell all their coins just like that. idk..
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Yap, they could if they have lots of coins, spreading fud using media and etc
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IKR !
I hope to see all the countries accepting and creating more and more possible ways for the development of cryptocurrencies .
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I wouldn't put it past the banking industry to do anything and everything to try and stop bitcoin and cryptocurrency in general. But it wont happen, the more they try to control the more it will slip away. I have heard of some banks outright denying the purchases of bitcoin through them, and even they cave when pressured. A friend of mine went into his bank and just flat out said he's going to remove all his money if he can't spend it how he sees fit. They gave in and allowed him to withdraw it anyways, instead of losing him as a customer and his money more importantly. Bitcoin can fall, and nothing is certain of course, but I believe it will last long enough to herald the end of the banking complex.
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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. <Like what is happening now>
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. They can only print a few Billions more to execute this strategy and this will go unnoticed, because it is toilet paper money.
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. <If this is true>
The National Assembly of South Korea, which is the legislative branch of the government, is formally considering allowing ICOs back into the country again
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Partially governments can impose several restrictions in order to regulate its use through controlling exchanges and making red lines that shouldn't be surpassed by bitcoin users inside the state , but I think they will find some difficulties because , practically , bitcoin is a decentralised money transferring technology .