Recent Blue Posts
Season of Discovery Hotfixes - 23 April
Season of Discovery Hotfixes - April 23
Season of Discovery Hunter Adjustments - April 23, 2024
MMO-Champion
every day every 5h another stupid news story that says bad things about bitcoin than the price drops after 20-40 min of that story stupid things like peoples opinion on it
Recent Forum Posts
Thread: bitcoin price manipulation
-
2017-09-21, 07:25 PM #1Deleted
bitcoin price manipulation
-
2017-09-21, 07:29 PM #2Banned
- Join Date
- Feb 2013
- Posts
- 53,717
Well, it's nothing more than a pyramid scheme, so it's not a matter of "if" it is manipulated and collapses, but "when" it's going to happen.
-
2017-09-21, 07:33 PM #3Hoof Hearted!!!
- Join Date
- Aug 2009
- Location
- Earth
- Posts
- 2,805
I pay attention to quite a few different news sources and very rarely see any stories about bitcoin. Sources for your claims?
when all else fails, read the STICKIES.
-
2017-09-21, 07:36 PM #4I am Murloc!
- Join Date
- Dec 2015
- Posts
- 5,213
All "bad news stories" about bitcoin say basically the same thing. It's an unprotected currency, doesn't have real market penetration yet, and is wrought with fraud and people trying to get over.
Originally Posted by superblink
It's all true. They aren't lying, no one is accusing bitcoin of rape. But every couple of months an exchange gets shut down, people lose money. Prices fluctuate drastically etc... And one of the biggest issues with bitcoin is how much people hoard it.
There really is nothing to discuss with bitcoin, it's in its infancy and going through teething issues. It may survive to adult hood, or the elders might take it and toss it off a cliff as an undesirable.
-
2017-09-21, 07:41 PM #5Deletedtype bitcoin on google ..... Originally Posted by Flatspriest
- - - Updated - - -
yea but that fuk banker said bad things about bitcoin than he both bitcoin for hes hes friends when price dropped Originally Posted by Machismo
-
2017-09-21, 07:41 PM #6Banned
- Join Date
- Feb 2013
- Posts
- 53,717
You are making no sense at all. Try again. Originally Posted by superblink
-
2017-09-21, 07:45 PM #7Deletedgoogle this Jamie Dimon's Bitcoin Comments Accused as Market Abuse in Sweden Originally Posted by Machismo
-
2017-09-21, 07:51 PM #8Banned
- Join Date
- Feb 2013
- Posts
- 53,717
Well, he's not wrong. It is a pyramid scheme, that's the entire point of the design. It's a regressive asymptotic curve on the supply side, all based around time of entry into the market. The demand is mostly pushed by those who are attempting to be the suppliers, yet there is very little actual consumer demand for the product to justify the current value. Originally Posted by superblink
Dimon may be an elitist scumbag, but he is right about bitcoin. Some people will make a lot of money, but most people will lose their asses on it.
-
2017-09-21, 07:52 PM #9Deleteddude he both bitcoin after the price dropped because of hes comments Originally Posted by Machismo
-
2017-09-21, 07:54 PM #10Dreadlord
- Join Date
- Nov 2016
- Posts
- 964
You apparently don't know what a pyramid scheme is. Originally Posted by Machismo
-
2017-09-21, 07:54 PM #11Banned
- Join Date
- Feb 2013
- Posts
- 53,717
No, his company is continuing to fill orders for the customers who request it. There's a difference. Originally Posted by superblink
-
2017-09-21, 07:56 PM #12Deletedmore orders more money for jimmy same thing if he buys for hes best friend same thing Originally Posted by Machismo
-
2017-09-21, 07:58 PM #13Banned
- Join Date
- Feb 2013
- Posts
- 53,717
Well, one of the most famous banking managers in the country agrees with me, so I've got that going for me. Originally Posted by meowfurion
- - - Updated - - -
Once again, your comment doesn't make any sense. Originally Posted by superblink
If a customer wants to buy a bad stock with his own money, an investment manager won't (and can't) usually stop them. People are allowed to make their own choices in life.
-
2017-09-21, 07:58 PM #14I am Murloc!
- Join Date
- Dec 2015
- Posts
- 5,213
Read the article, and the original for it, IE Dimon saying it's a fraud. He's not wrong. Also what you are talking about with someone reporting Dimon to the Swedish FCC, who cares. I know Dimon doesn't. He didn't say anything more damaging than what most people think about bitcoin.
-
2017-09-21, 08:01 PM #15Moderator
- Join Date
- Nov 2011
- Location
- Las Vegas
- Posts
- 17,222
It sounds a lot like you aren't sure what bitcoin/cryptocurrency is, and are just tired of hearing news about it. Originally Posted by superblink
Read the actual news articles instead of complaining that theres 'lots of news' about it, and most of that will make sense.
The past 6 months have been very volatile, both up and down, for bitcoin and other cryptos, for very, very specific reasons. It's just a "lol its weird but nobody understands it" thing.Gaming: Dual Intel Pentium III Coppermine @ 1400mhz + Blue Orb | Asus CUV266-D | GeForce 2 Ti + ZF700-Cu | 1024mb Crucial PC-133 | Whistler Build 2267
Media: Dual Intel Drake Xeon @ 600mhz | Intel Marlinspike MS440GX | Matrox G440 | 1024mb Crucial PC-133 @ 166mhz | Windows 2000 Pro
IT'S ALWAYS BEEN WANKERSHIM | Did you mean: Fhqwhgads"Three days on a tree. Hardly enough time for a prelude. When it came to visiting agony, the Romans were hobbyists." -Mab
-
2017-09-21, 08:04 PM #16Banned
- Join Date
- Feb 2015
- Posts
- 2,437
I'm pretty happy with the Bitcoin I bought in 2013 at $650. If you day trade, only sadness awaits, just buy and hodl for a few years.
-
2017-09-21, 08:04 PM #17Field Marshal
- Join Date
- Feb 2015
- Posts
- 80
same thing happens to stocks, a common phrase for this is "Short and Distort" Originally Posted by superblink
you sell some stock (basic idea, shorting is a bit more complicated), then get bad press out about the stock, value goes down, buy back the stock.
here it is in bitcoin, sell some coin, publish a negative article, value goes down, buy back your coin , profit.
stocks are regulated, often times you'll see at the bottom of articles if the writer has a position in the stock they are talking about. bitcoins not so much.
-
2017-09-21, 08:05 PM #18I am Murloc!
- Join Date
- Jul 2011
- Posts
- 5,361
Bitcoin is regulated about as well as the English language in this thread. Originally Posted by superblink
"I'm not stuck in the trench, I'm maintaining my rating."
-
2017-09-21, 08:06 PM #19Deletedyea but the price drops just after the bad storys Originally Posted by chazus
-
2017-09-21, 08:06 PM #20I am Murloc!
- Join Date
- Feb 2008
- Location
- Utah
- Posts
- 5,251
Not sure where you're from, I think people are getting confused because you're saying "both" instead of "bought" Originally Posted by superblink
MY X/Y POKEMON FRIEND CODE: 1418-7279-9541 In Game Name: Michael__
Reply With Quote
