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Toolie92

Joined: 3/5/15 Posts: 11038
Likes: 9408


No fundamentals. Massive market manipulation by insiders.


However, the insiders all have a vested interest in propping up the long price through shenanigans and quantitative easing (in the form of massive inflation in Tether) so as a buy and hold speculative commodity it is probably semi-safe (e.g. the insiders would be cutting their own throats to totally crash Bitcoin in any lasting fashion).

Imagine a market where all the brokerages are corrupt and front-running, where they are willing to manipulate their own markets to liquidate shorts, and where you won't be able to get your money out in any kind of emergency or black swan event, nor will any regulators protect you when this happens.

It is basically hoping there are greater fools than you or that you can get lucky and ride the wave behind the sharks who control what price the market shows and which orders get displayed or filled.

Remember the old saying when you sit down at a poker table and if you are not sure who the fish is, then you are the fish.


(In response to this post by CambridgeHoo)

Posted: 08/01/2020 at 6:19PM



+5

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