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Author Topic: Bitcoin vs Gold : manipulation through derivatives  (Read 467 times)
dimitripas
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December 04, 2017, 06:06:09 PM
 #21

Hi Mnichman,

Thanks for your clear explanations. I feel exactly the same way, and I must say I was more than troubled when the news came out that future market on bitcoin is now allowed. How can one not realize that by allowing it, authorities just show what will now be their strategy : destroy it thanks to greed being so well distributed among human beings ! They won't just "forbid" it, as I read her and there, they're too smart for that ! We now see how bitcoininvestment is EVERYWHERE, on TV, newspapers, etc. It's scary ! The mass is coming in at crazy levels, and when they'll decide it, they will destroy the value. This will make the vast majority of investors run away, and bitcoin might be left with what it should be  : a fantastic monetary device away from the eyes of government. But unfortunately, it might have a value that will not reflect its worth, in complete opposition with what it is today.

So there are still 2 uncertain outcomes :

1. Even if the bitcoin value is destroyed, will it still be used "strongly" to allow it to survive ?
2. What will happen to other currencies (altcoins), which will not be traded with derivatives (bitcoin cash, ethereum, Dash, Monero and others) ? Will the active community move to another currency that can't be rigged ?

I bet we are now quite close to see bitcoin price being slowly more and more manipulated. The price might continue to rise for a few months, letting the mass come in through the new derivative markets. But the time it will crash might just be around the corner...
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