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The price is nothing but down, down, down. it is not manipulation but just ppl dumping at every opportunity, like bank stocks in 2007-2008 or dotcom stocks in 2000-2002. Would not want to own this.
Down down down huh? https://www.lookintobitcoin.com/charts/bitcoin-logarithmic-g...
Earlier quoted context omitted.
How is Elon Musk a relevant opinion on this matter? Even worse, he is well known for astroturfing his own assets.
He knows more than I do, is surrounded by people smarter than I am and has a track record of success and overcoming failures. If I thought I shouldn't listen to Elon Musk because I thought I knew better, then I think my chances of understanding anything about this would be greatly diminished.
Interesting tidbit: "An aside on NFTs Because they’re “unique” objects, NFTs are a perfect vehicle for wash trading. You can easily ensure you only wash trade to yourself. The common scheme is to wash trade with yourself until some credible dunce buys the NFT from you at your manufactured “fair” value, leaving you to walk away with real money." It's such a stupidly simple idea it's actually brilliant.
Curious - does anyone not think Bitcoin or any other cypto coin is being manipulated?
In what way do you expect Bitcoin to be different? This is a technical question, once you define it one could debate if this particular behavior is present in BTC.
Earlier quoted context omitted.
He knows more than I do, is surrounded by people smarter than I am and has a track record of success and overcoming failures. If I thought I shouldn't listen to Elon Musk because I thought I knew better, then I think my chances of understanding anything about this would be greatly diminished.
> He knows more than I do, is surrounded by people smarter than I am and has a track record of success and overcoming failures. He's also got a track history of being massively wrong at times on things that aren't inside his wheelhouse, like confidently predicting the end of COVID by April 2020.
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What coin is not being manipulated? Even USD is being manipulated by the fed. All the countries manipulate their coins. So the real question is whether a coin is being manipulated, but what kind of manipulation you can accept.
First, let's start by using a valid comparable. Fiat currency has the feature of "medium of exchange", at present BTC does not (technically it does but its adoption for exchange is abysmal). > So the real question is whether a coin is being manipulated, but what kind of manipulation you can accept. The NYSE is a better comparable. In the US we have the SEC which does regulate against market manipulation: https://en.w…
You're changing the topic. You asked whether BTC was being manipulated, and were asked to compare to the US dollar. Whether the dollar is as "medium of exchange" has no bearing on that, you're just unhelpfully switching to an unrelated issue that will make the dollar look better in orthogonal ways.
Interesting tidbit: "An aside on NFTs Because they’re “unique” objects, NFTs are a perfect vehicle for wash trading. You can easily ensure you only wash trade to yourself. The common scheme is to wash trade with yourself until some credible dunce buys the NFT from you at your manufactured “fair” value, leaving you to walk away with real money." It's such a stupidly simple idea it's actually brilliant.
Earlier quoted context omitted.
It’s not a security, my friend. Crypto is the land of no rules and caveat emptor.
But Bitcoin options on e.g. LedgerX.com are securities (edit: regulated ones, that is), and anything that affects Bitcoin’s price is going to affect those derivatives’ prices.
But the SEC doesn't regulate mortgages even though there are derivative securities that are regulated. SEC regulates the asset backed securities but not the assets underlying those securities.
Curious - does anyone not think Bitcoin or any other cypto coin is being manipulated?
The price is nothing but down, down, down. it is not manipulation but just ppl dumping at every opportunity, like bank stocks in 2007-2008 or dotcom stocks in 2000-2002. Would not want to own this.
Down down down huh? https://www.lookintobitcoin.com/charts/bitcoin-logarithmic-g...