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It's not technically incorrect to say there is manipulation in the US markets, but comparing bitcoin exchanges to US exchanges is a bit laughable. The US Feder
by gtcode 9y ago
It's not technically incorrect to say there is manipulation in the US markets, but comparing bitcoin exchanges to US exchanges is a bit laughable.
The US Federal Reserve has (had) what amount(ed) to a printing press, associated with "working groups" a.k.a. PPT. However, major US exchanges themselves, whether stock, futures, etc., are far more regulated and mature compared to a bitcoin exchange. The manipulation to which you're referring is far more indirect.
- KasianFranks 9y agoLets talk about QE-1-4, the printing of money and bankers being bailed out. Your argument does not stand by any measure of reason or logic. Lets also talk about investment bankers and VC's who are completely being disrupted.
- prklmn 9y agohttps://en.wikipedia.org/wiki/Whataboutism https://en.wikipedia.org/wiki/Whataboutism
- AnimalMuppet 9y agoWe know about that. Let's not bother to talk about it; it smells like trying desperately to change the subject. We're talking about how, with all that you said about financial markets, bitcoin is worse. Saying "but the financial markets are manipulated" doesn't refute the claim we're talking about whatsoever.
- bushido 9y agoIts been a while since I've seen someone refer to the PPT. For those unfamiliar with the abbreviation PPT stands for the Plunge Protection Team[0]. [0] https://www.investopedia.com/terms/p/plunge-protection-team.asp https://www.investopedia.com/terms/p/plunge-protection-team....
- lallysingh 9y agoThe crypto markets are pretty close to OTC markets. Any significant flow will shift markets. The only problem, IMHO, is that traditional investors are looking at it.