Theory the price of Bitcoin is being propped up— academic who proved manipulation in 2017

Discussion in 'Crypto Assets' started by ph1l, Feb 4, 2023.

  1. schizo

    schizo

    But how do you justify the volatility? BTC lost over 77% from its ATH. Now compare that to DX.

    upload_2023-2-5_20-27-38.png
     
    #51     Feb 5, 2023
    johnarb likes this.
  2. johnarb

    johnarb

    Volatility is life, no need to be afraid of it, embrace it, you want something with no volatility, invest in bonds, er, nvm

    I've owned bitcoins since it was $100 each and saw it go to $1,200 and then back down to $150, then up to $20,000, then back down to $3,200 then back up to $69,000, now back down to $23,000

    And I'll still own bitcoin it goes to $500k then back down to $75k, then back up to $1 Million, then back down to $150K....

    Bitcoin is on a price discovery... for how long? Maybe forever, or until after we're all dead

     
    #52     Feb 6, 2023
    semperfrosty, schizo and NoahA like this.
  3. schizo

    schizo

    As a trader, that would be fine. You know what you're getting into. But for everyone else, I would find that hard to swallow.
     
    #53     Feb 6, 2023
    johnarb likes this.
  4. newwurldmn

    newwurldmn

    Im pretty sure you can’t afford a dollar.
     
    #54     Feb 6, 2023
  5. newwurldmn

    newwurldmn

    No. It was 3x. Your currency could only buy a third of what it could earlier.

    and in the utopia that coiners want, it will be even worse.
     
    #55     Feb 6, 2023
  6. johnarb

    johnarb

    If you cherry-pick and measure from the top price, sure makes you feel better

    That ath will be broken but you need not worry yourself with things you're unable to comprehend. Dunning-Kruger
     
    #56     Feb 6, 2023
    SunTrader likes this.
  7. RedDuke

    RedDuke

    John love your optimism, but most likely the party is over and 69k will never be broken unless Tethers print 100 billion and not stopped. Otherwise no way, the market is total fake supported by tokens printed out of thin air.
     
    #57     Feb 6, 2023
    albion and johnarb like this.
  8. newwurldmn

    newwurldmn

    I know what I don’t understand about crypto.

    I love it when crypto nerds talk about macro economics and then accuse others of dunning Kruger. (After they get triggered)
     
    #58     Feb 6, 2023
  9. johnarb

    johnarb

    Hey RedDuke, Bitcoin is only 14 yo but the good thing is that there is no deadline or time limit. I won't be able to claim victory until bitcoin hits $70K which I believe will happen by this year or next

    Let's wait and see
     
    #59     Feb 6, 2023
    NoahA likes this.
  10. johnarb

    johnarb

    You're a cantillionaire and accusing me of being triggered when you did not contest any of my points

    Shoo, go away you insignificant fool, don't let the door hit you asshole
     
    #60     Feb 6, 2023
    NoahA and SunTrader like this.