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Bitcoin at its best - ignore and outshout truths that don't help the value of your stash go up.

• deleted 13y ago
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• kiba 13y ago
  Why do you think the market is wrong on this one?
  • kolev 13y ago
    "Market" is an exaggeration. It's a battleground of flawed trading bot algos, immature investors, internal fraud by exchanges, and some shady characters ("Fontas", "whales", etc.).
    • deleted 13y ago
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    • oscilloscope 13y ago
      If the "battleground" is the exchange value of Bitcoin, then calling it a market is not an exaggeration.
      • kolev 13y ago
        Ideally, the market price is driven purely by demand and supply, not by bots and speculators.
        • Karunamon 13y ago
          .... "bots and speculators" are participants in supply and demand.
        • kolev 13y ago
          @Karunamon Sorry for not being clear. My point is that increasing price it's not indicative that more people are getting interested in Bitcoin like many are trying to present it. It's purely speculation and we saw recent polls showing regular people not being interested in alternatives to the dollar.
          • oafitupa 13y ago
            Demand != number of people. For example, you can get twice the demand from the same number of people if they decide to invest more.
            • kolev 13y ago
              I know, but the increasing price is often presented like the average Joes are rushing to put their savings in Bitcoin, which is not the case.
        • xyzzy123 13y ago
          I know right? Someone should tell the guys at the SEC that the stock exchange is broken.
    • TomGullen 13y ago
      How is that different to any stock market?
      • anon808 13y ago
        It isn't (although the US stock market(s) have rules and people that try to enforce those rules). A market is just a group of people, it's not an entity unto itself.
    • deleted 13y ago
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