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Author Topic: Does BTC Value Even Matter for Whales?  (Read 2517 times)
MatTheCat
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April 21, 2014, 01:33:10 AM
 #41

Not to play devil's advocate or anything, but if that truly is the case, wouldn't you want to be on the right side of this then and stock up on as many BTC as possible?

Lots can happen in between A, B, and C, and nothing is a foregone conclusion. The USA thought they could sponsor a 'revolution' in Ukraine getting a pro NATO government into power who would then go about booting the Russian Navy out of Crimea thus nullifying the Russian Navy.......turns out they couldn't. Even for the most powerful things don't always go to plan. Nothing is certain with Bitcoin. For example, who is to say the price won't be depressed right back down to double digits as Wall St take their positions, or even due to the machinations, manipulation and vandalism of less high profile financial bandits?






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April 21, 2014, 02:11:48 AM
 #42

Not to play devil's advocate or anything, but if that truly is the case, wouldn't you want to be on the right side of this then and stock up on as many BTC as possible?

Lots can happen in between A, B, and C, and nothing is a foregone conclusion. The USA thought they could sponsor a 'revolution' in Ukraine getting a pro NATO government into power who would then go about booting the Russian Navy out of Crimea thus nullifying the Russian Navy.......turns out they couldn't. Even for the most powerful things don't always go to plan. Nothing is certain with Bitcoin. For example, who is to say the price won't be depressed right back down to double digits as Wall St take their positions, or even due to the machinations, manipulation and vandalism of less high profile financial bandits?
Because it's not possible. We saw what happened with the $100 spike, it was back up in minutes. Even with satoshis stash dumped on the market it would be a matter of maybe weeks before we were back up near normal levels, and then your grand conspirators would be out of their stash. It's simply not realistic.

Look inside yourself, and you will see that you are the bubble.
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April 22, 2014, 07:33:49 PM
 #43

There is a HUGE BTC price bubble. Yes, a whale can easily manipulate BTC. All it takes is having enough money.
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April 22, 2014, 08:20:49 PM
 #44

There is a HUGE BTC price bubble. Yes, a whale can easily manipulate BTC. All it takes is having enough money.

There is a huge pile of unfunded liabilities in the US and in the EU; the USD bubble will pop

Bitcoin is efficient to store wealth and transfer money among other things; the 6Billions USD market cap isn't that big in that regard

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April 23, 2014, 02:38:31 AM
 #45

Not to play devil's advocate or anything, but if that truly is the case, wouldn't you want to be on the right side of this then and stock up on as many BTC as possible?

Lots can happen in between A, B, and C, and nothing is a foregone conclusion. The USA thought they could sponsor a 'revolution' in Ukraine getting a pro NATO government into power who would then go about booting the Russian Navy out of Crimea thus nullifying the Russian Navy.......turns out they couldn't. Even for the most powerful things don't always go to plan. Nothing is certain with Bitcoin. For example, who is to say the price won't be depressed right back down to double digits as Wall St take their positions, or even due to the machinations, manipulation and vandalism of less high profile financial bandits?







While this is possible, it is not very probable.  All the belief in the bitcoin protocol would have to evaporate for prices to collapse that far again.  If Wall Street Injected a big stake like you said, their injection alone would keep BTC prices above the double digits.  Once Wall Street is publicly invested in BTC it gives it much more validity in a lot of people's eyes as well.
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