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December 17, 2017, 03:23:54 PM |
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Why is there any focus on fiat valuation? If bitcoin is seen as a way to print new fiat, that makes it a quintessential Ponzi.
2 weeks ago, we were wondering if it would hit 10k. Gaining by the thousands at a time, whole market cap gaining by hundreds of billions a week. This is seriously a very worrisome market behavior which is unsustainable. How ironic to use decentralized assets to print more centralized money?
All exchanges are unregulated and most trading is driven by bots. Experts understand well that fiat value means absolutely nothing but new hands have no idea and they are going to get hurt badly. They see price going up and pile in to print new fiat. Faster it goes up, bigger the crash.
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