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[–] eronburr 0 points 2 points (+2|-0) ago 

Wrong on SOOO many fronts.
https://media.8ch.net/file_store/7596fbe6ab358290b79870f53ccf27401bade41013b3254c37a72d52fb3bf365.jpg from here -> https://8ch.net/qresearch/res/3474911.html#bottom

Ultimately it's tied to people associated with the NWO. The ledger means nothing if you control the exchanges that ultimately tie to your antiquated banking systems.

Just like how CIA owns majority of the TOR endpoints. It's all their designs to entrap and catch more unwitting participants looking to circumvent the systems they control.

As for the tanking, it's not the first. There's research to show a single user pumped the price when it jumped to $1k. Bitcoin is a zerosum game, the number of available coins will approach zero as some is lost and large companies gain the rest. Miners are large companies, they mine with unreleased equipment and sell it when they have something newer.

Exchanges are large companies that have to comply with governments and banks. Banks bought large quantities I think SVB bought $100m when Mt Gox crashed. It's in their interest to sell when it hit $20k but like large stock holders they understand they can't cash out without effecting the price.

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[–] MolochHunter ago  (edited ago)

exactly

you control the exchanges. Ppl dont HAVE to use the exchanges, but they need to be more tech savvy. So ur 60 yr old mum isnt exactly going to put her savings into crypto unless its in a smoothed out more friendly format like an exchange

and then you're back with the same effective 3rd party liability as holding your cash in a fractionally reserved bank

only the volatility changes, and thats a double edged sword 60 yr old mommy aint gonna be savvy in taking advantage of

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[–] Ironbelly ago 

and you can cash out via OTC markets with out affecting price that is how majority of crypto is purchased and sold

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[–] Ironbelly ago 

buying and selling doesnt affect price unless there is more selling then buying anyways someone has to buy what is sold. thats how the market works

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[–] Ironbelly ago 

unless exchanges go decentralized like the #1 exchange binance is implementing and several others then that voids out alot of that argument. and yes manipulation is in every market especially when your dealing with a low market cap like all of crypto is but thats also in all markets. even more so now with majority of buys and sells are done based on bot algos.