“The issue is that, like any investment vehicle, the value of bitcoin and other cryptocurrencies (forms of digital money) is subject to manipulation by large entities that have a stake in it, especially large-scale traders. The cryptocurrency exchange Bitfinex is the main actor to think about here.

Bitfinex’s CEO is also the CEO of a company called Tether Limited, which issues tethers (also known as USDT), a pegged cryptocurrency; that is, the tether’s value is pegged directly to that of the U.S. dollar. To do so, Tether commits to keep the dollar equivalent of all USDT value in reserves at all times. Tether offers a way to own and move fiat currency across different cryptocurrencies and exchanges without the need to convert crypto assets into dollars. That means transactions are fast and cheap, yet the price of the currency is as stable as the U.S. dollar, in theory.”

http://fortune.com/2017/11/29/bitcoin-price-11000-nasdaq-cme-futures/

Well, sure you can make money if you know when to get out but will the manipulation hurt the public’s perception of bitcoin? Will a major crash make another large group of people that were screwed over in bitcoinland refuse to ever use bitcoin again?

I think what he means is Bitcoin is rising too much too fast. It would be better for people to buy and hold for a long time and let the price rise slowly. Instead people are buying and selling fast. That will cause a crash.

It’s as safe now as it’s ever been. As Gavin Andresen has said many times, only buy with money you can afford to lose.

This article perfectly describes what’s going on. It’s fairly long but well worth the read.

https://www.biznews.com/global-citizen/2017/12/06/bitcoin-bitfinex-tether-risk-crashing/

If your money is absolutely worthless to you then don’t read this. Just keep pouring money into bitcoin until the crash happens. You’ve been warned and now have no excuse. You also lose the right to come to this forum and bitch about the loss later. Every time one of you bitches that you lost all of your money I’m going to laugh at you and post this thread under your whining.

You should know better than to speculate on one piece of news article. Are there good points? yeah sure. But it all remains a conspiracy theory backed up by no evidence. Therefore, it's an opinion piece that is imagined by the reader to any extent he desires.


There is only 1 thing on this earth that can kill bitcoin, and that's bitcoin itself. A better concern for traders and investors would be the high tx fees. There's fact to be concerned about.


No one knows jack shit about ANY market, let alone bitcoin. Everyone is just a half-assed moron (myself included) with their thumb up their ass pretending to be Nostradamus. Nothing like Bitcoin has ever been seen in the history of the world, no future outcome can ever be predicted or "pattern-er-ized"

 For one thing, bubbles don’t do what bitcoin has done since its inception in 2009. From the past 10-years, I saw several bubbles grow and then burst, and one thing you learn is that an actual bubble rises like crazy and then totally pops. It doesn’t come right back a couple of years later and soar again to a new price 10 times greater than the previous bubble's high, which is what bitcoin has done after each one of its three or four previous “bubbles” burst.That’s not a bubble, but something else entirely.

Read this article and tell me if you still believe this is normal (all the way through, don’t just skim through it). https://www.biznews.com/global-citizen/2017/12/06/bitcoin-bitfinex-tether-risk-crashing/

I always thought Bitcoin was meant to be free of Fiat money "decentralized"  as we can see its actually being manipulated by Fiat money. Bitcoin was supposed to be a completly different way to pay for things but thanks to peoples greed they have turned Bitcoin into a trading coin and are chasing high profile mechants away like Steam and Microsoft with all its problems with the high transaction fees and delayed network problems plus its volatility caused by greedy people wanting to make a high quick profit for real money. Bitcoin will implode if they do not sort out the problems and quickly.

a bubble popping does NOT mean death/ non existence
it means losing the vapour/air of empty space speculation where by a much lower level of underlying value becomes visible


tulips still exist and grow.. literally
houses still exist and grow

whenever i see a crash i see it as discount day, not run away penny-less Armageddon day.

general tips:
1. dont throw your whole life savings into one order/one investment.
2. its better to use funds that would have gone to waste anyway. EG if you waste $80 on fast food each week, which just ends in the toilet 6 hours after digesting. use that to invest in bitcoin
3. if your disposable income(explained in 2) is low whereby a bitcoin tx fee is a noticeable % of that income. keep it as fiat until you see a good discount day where the drop offsets any costs to ensure you dont lose out before you have even started
4. dont hold bitcoin waiting for 10,000% returns. its better to wait until you make just some profit. cash out. and then buy back in at the next discount day.
5. you dont have to cash out all of it when you make profit. but leaving it all in as a hold, means you lose out on opportunities to gain more on those discount days
6. never hold(medium/longterm) funds in an exchange. only hold the funds you want to trade in an exchange for the time period you want to trade it. keep the majority of funds that are not ready to be traded off of exchanges and instead keep them in your own private keys

P.S i fully agree with all of 'question authorities' posts in this topic.

High interest rates and high bitcoin volatility are associated with the high speed of cryptology, information spreading through the networks at the speed of light. It is not possible to move gold with such speeds.