Do They Conspire Over Our Money?

   Protecting Our Best Interests

   A governments job is to keep order, however challenging that may be, and PROTECT OUR BEST INTERESTS.  China, as I've read, has introduced a bill to ban crypto trading domestically AND trading elsewhere in the world.  It's less than optimal news, but, I assure you this is a blip in crypto's future.  How is crypto so much different from gold, besides it being new.  The Chinese are obviously seeing bit coin and it's altcoins as a threat.  Why?

   Why is Crypto a Threat to Any Government?

   Governments like to be in control of the printing of money.  They can control the rate of inflation and make a feel good economy when things are not optimal, effectively covering their inefficiency.  They shield the rich as they help them hold office.  Taxation is ineffective because experienced accountants are able to find loop holes.  Also, if the government is concerned about tracking transactions for taxation, they can find a way.  Anything less is a lazy government.

Who Does Inflation Hurt the Most?

   The answer is actually quite obvious.  The lower and middle class.  These are the people that are hurt the most when the dollar has less purchasing power.  The rich have a lot of money and it being worth a little less is hardly a bother.  The mass adoption of cryptocurrency having a limited supply would make inflation very difficult.  

Need proof that things are out of whack?  Look at the distribution of wealth in the United States.

   The informed can be securing cryptocurrency right now or when they think it is at it's bottom price.  A new technology with so much potential, crypto currency, will not be denied.  Even in the insanely unlikely environment that world governments would try to stand in its way, crypto will not disappear, merely go underground.

Part II Conspiracy or Entertaining Story?

   Are the Rich and Governments Manipulating Crypto Price?

   Maybe the Chinese government missed the boat in securing bit coin for themselves(they could of hedged to protect their economy/country).  Answer, announce the banning of securing cryptocurrency by your residents within and outside your country.  Watch the price fall.  Then pick up a bunch of coin at a huge discount.  Even better, collaborate with other governments(South Korea) to hinder crypto growth, then swoop in and buy at a huge discount.  Then simply reverse your legislation.  All is okay now.  Or maybe some big money players are interested in a big discount price.  I'm sure they are not above paying governments off.

   If the Chinese and eventually South Korea want to restrict crypto so be it.  Crypto price will eventually recover and the world will move on without them.  They'll be just a small little blip in the end of things.

Futures were created for bit coin not so long ago.  Did this just invite big money players to manipulate price?  Quite possible.

   Seems pretty timely to add to the mix the probable Tether Bitfinex scandal.

   In light of all this, the weak can lose faith in crypto.  All of us that understand the vision of an unpresedented, amazing cryptocurrency technology, will endure any price and overcome government restriction.