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You're fundamentally missing the main idea here. If you don't understand the fake Tether situation then in this case consider: Someone makes 1M of counterfeit
by mancerayder 9y ago
You're fundamentally missing the main idea here. If you don't understand the fake Tether situation then in this case consider:
Someone makes 1M of counterfeit US Dollars using their own printing machine and puts it in a suitcase, and they exchange that suitcase with you, and in return you give them 1M of bitcoin in their digital wallets.
Now do you understand the thread?
- python-guy-vt 9y agoYour example is a reflection on counterfeiter and the person being deceived. That has nothing to do with the value of bitcoin.
- cstrat 9y agoThe value of BTC skyrockets back in 2014 with MtGox due to the WillyBot (https://willyreport.wordpress.com https://willyreport.wordpress.com)... The price of BTC on other exchanges (which had no direct trades from that bot) was still affected and it went up across the board on all exchanges. So the value of BTC can be manipulated...