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Author Topic: Gold vs Bitcoin - The Threat of Bitcoin Value Manipulation  (Read 855 times)
amanimoney (OP)
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July 23, 2011, 07:08:38 AM
 #1

I'm noob at the moment, so be gentle with me  Cheesy  I don't know how many peeps here are familiar with Gold beyond the stuff used in jewelry, but I suspect prolly more than half of we Bitizens are gold Bugs or would be if we had the 'convertibles':p
One of the scandals around Gold is the fact that the Price is grossly manipulated by derivatives ... PAPER Gold that doesn't exist and that by Forward Contracts and deliberately messing with Gold supply, one can dramatically inflate and deflate Gold value - something that most 'Gold newbies' are yet to learn.  In the case of Silver, the physical metal has actually been 'disolved' into the ether by governments and represents the greatest risk of losses to holder of Ag. I digress.
My concern is the promised advent of Margin trading in Bitcoins and/or Government Attack and this is no 'conspiracy' query .... it is a simple FACT that derivatives of Bitcoin can and will distort Bitcoin value.  What are the chances of Bitcoin collapse?  Why don't we get some serious Mathematicians in on this?
Vernon715
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February 20, 2012, 08:55:39 PM
 #2

Wasn't a couple of mathematicians that designed it???

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RandyFolds
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February 21, 2012, 03:43:43 AM
 #3

Right now, the market is ridiculously thin. Anyone with a million dollars could puppet string the hell out of the bitcoin market, no derivatives needed. Search 'manipulator' from the home screen (search is local) and be amused.

e: after a look at www.mtgoxlive.com, you could drop the price by about 20% with $500,000...
diabinc141
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February 24, 2012, 05:12:46 AM
 #4

Wow
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