Here is why a ban on cryptocurrencies may not be even possible

[369]

If you want to make⁢ a transfer from paper money to virtual money you first need to teach people how︀ to use the tech.
Secondly 15 years ago noone would accept virtual money from governments︁ claiming they just won't use it.
Now have a look how many people are using︂ virtual money and promoting it as the future.A great marketing stunt.
And why is bitcoin︃ a ponzi ?Because its value raise based on people pumping money into it.So once the︄ accumulated coins in the beginning phase gets dumped what will be left for these people︅ ?
How you thing these mega dumps are happening in a few days from 67k︆ to 28k?Did half the bitcoin holders take out their money ?

Now about bitcoin.Bitcoin is︇ a bankers product created in 2006.
Did you made a research what happened in the︈ past with any even smallest regional alternative currency ?It instantly got smashed by government and︉ the inventer jailed.
Why you think there never was a ban on crypto other than︊ verbal ?They could have destroyed bitcoin 1000 times already.
Anyone claiming bitcoin can't be stopped︋ doesnt understand the tech behind it or market rules.
Make the exchange from crypto to︌ fiat illegal and the price will tank by 95% instantly

 

[JackAlabama]

Yep. But Bitcoin has no company and no CEO to︈ be jailed as these are not existent or not known.
So what is now your︉ argument of it being stopped regarding to the tech?
Why 2006?

Well such mega dumps︊ (and pumps) happen with all tiny (and illiquid assets). I deal with penny and very︋ small cap stocks and it is largely the same behavior there. Small market caps invite︌ huge dumps and pumps. Just recently had one pumping 13% in one day.

Money is︍ virtual already for a long time. Most (in the West) use cards, online bank apps︎ and bank wires for most of all purchases and this is already virtual money completely️ unbacked and even more unreal than Bitcoin which at least is mathematically specified. Same goes‌ for these cool hippster fintech banks.

The argument of USA banning it is largely over.‍ They instead go the path of taking profit of a nascent industry and milking the⁠ cow by trying to sandbox it instead of repeating the failed wars on xyx. This⁤ can be seen by having the big guys in for some time and shilling it.⁣
No one cares if banana republic xyz tries to ban something.

 

[369]

And ?To destroy bitcoin they just need to⁠ ban the exchange of crypto to fiat and bitcoin will dump to nirvana.What is bitcoin⁤ worth if you can't use it to pay any bills or get fiat ?
Also they could just take the 51% attack and have control over the whole network.
Or they just use the bitcoins from US banks like JPM to tank the price to⁣ near zero.

Because that was the date when bitcoin was⁢ intern announced and provided by a major bank.

You clearly︃ don't have knowledge about old style trader like accumulation and distribution phase aka Wyckoff etc.︄
JPM and some other major banks accumulated bitcoin already before 2011.Their reports show they logged︅ in 2011 already on average 50 times a day on bitcoin exchanges.
Why you think︆ they did so ?
What comes after the accumulation phase ?
Distribution.How do you get︇ max profit and distribute a stock/crypto ?You pump the price and create hype/demand see NCLA︈ which was also distributed by a major bank.
After distribution what happens ?The price tanks︉ see NCLA from nearly $100 to $14 .

Bitcoin wouldn't exist already wouldn't the US/Nato︊ lost the economic battle against BRICS and are forced to accept the YUAN as new︋ world reserve currency which took them nearly 8 years to prepare.
That is also why︌ the longterm analytic wave of bitcoin is so fucked up because it was not planned︍ in the beginning to exist so long.
The report from JPM in 2011 clearly stated︎ they plan a 2000% profit with bitcoin.

Do you understand what negative interest rates mean and money in blockchain⁤ ?
You can't escape their control and basicly they have full control over your money.Paper⁣ money is accepted nearly everywhere and you can pay as anybody even as criminal and⁢ your paper money will be accepted.Will you have a bad citizenscore in the future your︀ service may be refused........
You need first to understand the control power virtual money on︁ blockchain provides.
I recommend reading the "full dominance spectrum" which governments are implementing to understand︂ that they want to control every aspect of your life.

Bitcoin is their tool so why banning it LOL
Seriously what is︈ the bankers expecially of US wet dream ?
A society with no paper money but︉ virtual money.
US planned for decades to go full virtual.
It is already done deal︊ world wide for a long time.

Their goal like written above a virtual money on︋ blockchain with negative interest linked to gold (to limit its creation amount).
Why you think︌ central banks are buying gold now ?Its for the purpose of the new digital currency︍ which in reality is a one world currency because it will be created from CDR's︎

 

[JackAlabama]

Lol dude seriously. Do you know how to even make some at least rudimentary arguments based︁ at least on some facts? No need to quote scientific hardcore papers some halfassed sources︂ would have been already enough, but so far you have provided 0.

Hint: Posting some︃ random facts pulled of your imagination and claiming "it is obvious", "you clearly do not︄ know" and other blabla are not arguments nor help supporting your claims, these are unbiased︅ opinions void of any kind of real substance.

You give way to much credit to︆ these kind of bureaucrat apparatchiki which could not even manage a lemonade stand in the︇ free market (and as a conclusion are drawn to these busybody positions) let alone setting︈ up such a complex systems and long term plans something ike that for years (or︉ even decades) you credit them to be able to.

Again, quote some of your sources︊ used by you like these reports etc. in order to come to these conclusions. Would︋ be interesting to read.

 

[369]

You really belive there are︅ public documents that bitcoin has been released by a US bank ?
You really belive︆ there are public documents of their agenda to implemnt the new monetary system and its︇ structur ?

You seem to be naive thinking that this kind of information are being︈ shared public.
These informations are being shared inside small groups from people who have it︉ directly from the source but who will NEVER make a public statement about it.
I'm in crypto since 2009 activly not just as a trader.
Did you ever met someone︊ who is attempting the davos conference ?

 

[JackAlabama]

Everybody on the internet is a hero, Mr. Davosman please share you hypersuper︀ topsecret reports. Thank you for the enlightenment. I would really need some of your unlimited︁ wisdom.

 

[369]

The diffrence between smart and average people is that the smart⁠ one can recognise when someone is legit based on his postings.
You you think its⁤ random bs its your decission.It won't affect me anyways.
What i learned in the past⁣ 10 years is that majority of people are not capable understanding many things so i⁢ even stopped trying to educate