3 ms·
Even if we assumed that bitcoin had fundamentals, they wouldn't matter in the end of the day. There is too much fraud and price manipulation in the system, whic
by ufo 7y ago
Even if we assumed that bitcoin had fundamentals, they wouldn't matter in the end of the day. There is too much fraud and price manipulation in the system, which prevents any chance of market self-regulation.
- wpietri 7y agoDon't those go hand in hand? It seems to me that fraud and price manipulation are much harder in, say, commodities markets or large-cap stock markets, because people are willing to make big bets on a return to fundamentals. E.g., look at the willingness of people to short stocks that seem overhyped.