LogFAQs > #950231678

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Topic	New ATH for Etherum. Over $1,500 now.
1337toothbrush 02/03/21 10:31:03 AM #31:	Sad_Face posted... This is not true. You don't have institutional investors buying 10K BTC at well over $15K-$20K per token. Ethereum didn't fall down to $88 to break its all time high due to Tether manipulation. We have new players coming into the field because people are recognizing how fragile and dangerous the US dollar is and are fleeing to the bitcoin as a hedge instead of gold. And the De-Fi boom is blowing up. In fact, the Gamestop showdown made a powerful case in displaying how blatantly rigged the stock market (which you can still make money in btw) while virtually ALL the corrupt moves going that went on (selling shares without people's consent, halting trade for retail investors but not institutional investors, shorting more shares than shares that exist of a company) are impossible to do in De-Fi by the nature of how the system was developed. You keep laserfocusing on the prices being purely manipulated. That's totally wrong and more importantly, you're denying yourself to take part in the next revolution that will impact the world several times over like the internet. Institutional investors always hedge. You think of the US dollar as fragile and dangerous yet crypto is far more volatile on even a good day. The US dollar is more stable and dependable than any cryptocurrency, plus it's backed by a world power. De-Fi is blowing up because there's rampant speculation. Just because there's money to be made, doesn't mean the long-term prospects are good. The flaws will crop up soon enough. You think there is no rigging in crypto? As the research paper I posted detailed, there is manipulation. There's also potential for manipulation in proof of work (China has the bulk of the computing power on the network and they could take it over if they wanted) and proof of stake (the big players can collude and so the rich have all the power, as usual). --- https://gamefaqs.gamespot.com/boards/261-politics/78252375/931554955 https://imgur.com/a/FU9H8 - https://imgur.com/ZkQRDsR - https://imgur.com/2x2gtgP <cite>1337toothbrush posted [p:950231678] in New ATH fo... [t:79274013]...</cite> <quote>Sad_Face posted... </cite> <quote>This is not true. You don't have institutional investors buying 10K BTC at well over $15K-$20K per token. Ethereum didn't fall down to $88 to break its all time high due to Tether manipulation. We have new players coming into the field because people are recognizing how fragile and dangerous the US dollar is and are fleeing to the bitcoin as a hedge instead of gold. And the De-Fi boom is blowing up. In fact, the Gamestop showdown made a powerful case in displaying how blatantly rigged the stock market (which you can still make money in btw) while virtually ALL the corrupt moves going that went on (selling shares without people's consent, halting trade for retail investors but not institutional investors, shorting more shares than shares that exist of a company) are impossible to do in De-Fi by the nature of how the system was developed. You keep laserfocusing on the prices being purely manipulated. That's totally wrong and more importantly, you're denying yourself to take part in the next revolution that will impact the world several times over like the internet.</quote>Institutional investors always hedge. You think of the US dollar as fragile and dangerous yet crypto is far more volatile on even a good day. The US dollar is more stable and dependable than any cryptocurrency, plus it's backed by a world power. De-Fi is blowing up because there's rampant speculation. Just because there's money to be made, doesn't mean the long-term prospects are good. The flaws will crop up soon enough. You think there is no rigging in crypto? As the research paper I posted detailed, there is manipulation. There's also potential for manipulation in proof of work (China has the bulk of the computing power on the network and they could take it over if they wanted) and proof of stake (the big players can collude and so the rich have all the power, as usual). --- https://gamefaqs.gamespot.com/boards/261-politics/78252375/931554955 https://imgur.com/a/FU9H8 - https://imgur.com/ZkQRDsR - https://imgur.com/2x2gtgP</quote> ... Copied to Clipboard!
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