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RE: Wikileaks Mocking US Government Over Bitcoin Shows Why There Is No Stopping Bitcoin
I disagree , I fear that once the deep state and covert agencies penetrate and get in . It's going to go in the same direction of google n FB . Remember I company that had its slogan " don't be evil "? Yeah me too ...
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?
I also have my fair share of doubts but I think I'll disagree with you on that.Cryptocurency may just be the financial liberation we've been waiting for seeing as it's decentralized.Sure, with great influence and financial status you can tip the crypto market in your favor but there's tons of coins and room for all for now.Only thing I fear is AI or an EMP..
Unless the deep state manages to shut down the entire internet, it is not conceivable that it will be able to stop the rise of Cryptocurriencies and related technologies. At best, it may be able to affect the adoption rate within industry and the wider public. However, once the adoption rate hits critical mass and it become apparent that a tsunami of change is immanent, the deep state will be left with no other choice but to adapt or perish. I would like to believe that it will select the former rather than the latter.
Your first concern I would like to say that there will be alot of other ppl that wont be in panic mode like me and I would keep buying it. I truly kinda think that they are already manipulating it with cash but it dosent work to well for them because when the fed starts selling alot of bitcoin to bring the price down alot of people buy it back up and then the fed has to buy at a higher price after that so but at the same time they can keep printing money so for them it might not care for them to much but we'll see but for the most part hold bitcoin and see where it takes you I think its going far its already proving that it can do that from what its done already.