|
Title: BTC price crash caused by banks. Is this possible? Post by: hashbuchta on December 18, 2014, 12:44:31 PM As US$ are mostly made up fake numbers in FED and other banks computers, FED or other bank could deposit millions of $ to bitfinex (or other margin trading platform) where they margin sell all their fake $.
As they can create and send how much $ they want they can crash BTC price completely. Am I right? Exchanges without margin trading capability may be a protection? What do you think? BTC Donation address: 1DxbwaLGULjzujVkiRtSdSfUsxTvWbmp3h Title: Re: BTC price crash caused by banks. Is this possible? Post by: elephantas1 on December 18, 2014, 12:57:22 PM how can they make as much money as they want? wouldnt it be bad for the whole country?
Title: Re: BTC price crash caused by banks. Is this possible? Post by: Elwar on December 18, 2014, 01:29:39 PM Welcome to Bitcoin!
You may want to read the white paper: https://bitcoin.org/bitcoin.pdf Title: Re: BTC price crash caused by banks. Is this possible? Post by: hashbuchta on December 18, 2014, 01:32:02 PM how can they make as much money as they want? wouldnt it be bad for the whole country? it is bad for the whole country, but their are doing it anyway through QE (Quantitative easing) and printing new money. It is decreasing the purchasing power of $ and you can see that in rising costs of products. How can they do it morally? Well when they have the power they can do what they want. See Money as Debt (https://www.youtube.com/watch?v=jqvKjsIxT_8) or The Collapse of The American Dream (https://www.youtube.com/watch?v=mII9NZ8MMVM) Title: Re: BTC price crash caused by banks. Is this possible? Post by: abs350 on December 18, 2014, 01:37:21 PM Welcome to Bitcoin! You may want to read the white paper: https://bitcoin.org/bitcoin.pdf Do you really have to add this into every thread? Title: Re: BTC price crash caused by banks. Is this possible? Post by: sniveling on December 18, 2014, 01:56:27 PM I suspect the price would have crashed sooner or later without any manipulation. People here have been speculating if the bottom is in all year. Maybe we cannot go substantially up until everyone is 100% certain that the bottom is finally in, and the lower the price goes, the more certain people will be that it's the bottom.
Title: Re: BTC price crash caused by banks. Is this possible? Post by: piramida on December 18, 2014, 03:43:33 PM As US$ are mostly made up fake numbers in FED and other banks computers, FED or other bank could deposit millions of $ to bitfinex (or other margin trading platform) where they margin sell all their fake $. As they can create and send how much $ they want they can crash BTC price completely. Am I right? No, you are not. While they can do that, the amount of actual bitcoins is limited no matter how many dollars you print, so people actually buying coins at these cheap prices and moving them out of exchanges will very quickly collapse this scheme, resulting in a blow up of the price to couple more digits. Even in the theoretical scenario of Infinite $ being thrown at an exchange, it will just collapse at one point as there will be no more BTC to borrow for shorting, and imaginary BTC don't hold well against withdrawals. What is happening now is very explainable - it happened before every rally, a major shock selloff to throw weaklings from the train and load up on coins; nothing has changed there, just hold on tight. |