4 ms·
yup, this has been the way since the beginning. in fact most of the alt coins are the same way. and its super obvious that its being manipulated by those with
by senectus1 5y ago
yup, this has been the way since the beginning.
in fact most of the alt coins are the same way. and its super obvious that its being manipulated by those with the largest amounts.
the market is too immature. the financial gene pool is too shallow.
- iszomer 5y agoI guess depending on how people define it, Bitcoin would originally be the hedge against the traditional banking and monetary policy just as Ethereum would be considered a hedge against Bitcoin. Other major blockchain platforms like the upcoming Polkadot and Cardano would be hedges against Ethereum and Bitcoin -had it not been for- (hope I'm articulating this right) the philosophical rift of their founding members seeking to improve on their network without causing hard forks which coincidentally happened, both times.
- vmception 5y agoCan you explain how someone that owns an altcoin is manipulating it? If they only have the altcoin then all they can do is sell. Its not like they can manipulate the price upwards unless they have additional assets. For some market participants they have multiple pools of capital. But the mere existence of consolidated ownership doesn't mean its manipulated because that alone doesn't make sense? Curious if you could articulate the process you imagined. I've seen your version of events mentioned alot on twitter, discord, telegram and similar threads, but its just like the reductive "must be money laundering" comment also often seen, how does that work exactly?