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Author Topic: Government Conspiracy To Kill Bitcoin?  (Read 1640 times)
NewLiberty
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April 06, 2014, 04:08:28 PM
 #21

Bitcoin was just simply overvalued by crazy Chinese gamblers... it went from 100ish to 1000 in a month. Now it is going back to its market value. Nothing special about it. No need to think of conspiracy theories.
Bitcoin is always at its market value.  

It doesn't take a conspiracy among governments, merely commonality of interest.   To the extent that governments are beholden to banking and to the extent that bitcoin presents competition to banking in both cost reduction and transparency you will see what looks like conspiracy but no conspiracy is needed to do this.  So whether there is or not the same effect should be expected until some smart banks break ranks and want to be the leaders in the new model.
Then you will see the real action... when banks compete to adopt it.

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johnytelevision
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April 07, 2014, 02:11:03 PM
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How government affect price of bitcoin, except some random legislation, recently ?

Besides bitcoin is international, usa have only as big influence on it as we want it to be.
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April 07, 2014, 11:20:50 PM
 #23

Bitcoin was just simply overvalued by crazy Chinese gamblers... it went from 100ish to 1000 in a month. Now it is going back to its market value. Nothing special about it. No need to think of conspiracy theories.
Bitcoin is always at its market value.  

But that market value (i.e. price) can deviate substantially from its fundamental value, and from it's discounted risk-adjusted expected future market value.


Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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April 08, 2014, 12:24:50 AM
 #24

What about the Government Conspiracy To Promote and spread Bitcoin?

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