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RE: Wikileaks Mocking US Government Over Bitcoin Shows Why There Is No Stopping Bitcoin
I agree with you Navala.
I am NOT against Cryptocurrency. I am all for it as it decentralizes banking and control of it.
However there are two ways I can think of that the Fed Reserve and their goons such as the Deep State can destabilize Bitcoin.
1.) Since the Fed Reserve can print unlimited amount of "funny money" aka US Dollars, they can easily use the funny money to buy enough shares of Bitcoins. With over 50% share they can easily try to liquidate or dump Bitcoin very fast to cause it to crash. Once in panic mode, everyone will dump Bitcoin too causing a crash.
2.) The other way which the Fed Reserve are doing now with the goons of congress is to create laws and taxes to burden Bitcoin users.
Spot on !!!
On the first one USA would broke if come to this on the second is not possible to tax Bitcoin
It's certainly possible to tax Bitcoin if people are stupid enough to report their holdings.
Australia is already taxing and BTc income !
Even if the price of Bitcoin hits $0.01.....i'm a buyer! I'm not alone. What does that tell you about bitcoin?