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To: adorno
Bitcoin can be manipulated, and that's what Putin and his high-tech internet gurus will do

All the world's high tech gurus have not been successful in manipulating Bitcoin. The market price of anything including crypto can be manipulated. But that's controlled by global demand and Putin can only pump and dump like everyone else.

83 posted on 12/07/2024 5:39:59 PM PST by palmer (Democracy Dies Six Ways from Sunday)
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To: palmer
All the world's high tech gurus have not been successful in manipulating Bitcoin.

The price of bitcoin goes up 40% after Trump's election. That's not manipulation? Hype about what the president can do is manipulation. Trump's apparent support of crypto currency is manipulation.

The market price of anything including crypto can be manipulated.

Well, there you go. Manipulation.

But that's controlled by global demand and Putin can only pump and dump like everyone else.

Putin, like Trump, will have an effect on the market, for anything, including bitcoin. Talk it up or talk it down, and voila!, the price goes up or down, which is essentially, manipulation. People in high places can make things happen, sometimes good and other times bad.

And, when it comes to bitcoin, there is no real demand. The world has operated in the marketplace with government issued currencies, for millennia. There used to be a demand for cabbage patch kids some decades ago, and the prices of those dolls went through the roof. It was a craze, and the craze created the demand and the demand created the crazy prizes. Crypto currencies could die tomorrow and a lot of people will lose loads of money, but the government issued currencies will live on.
85 posted on 12/07/2024 7:21:37 PM PST by adorno ( )
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