Quote from: Giggs on February 20, 2015, 03:22:01 PM

Quote from: brokenchair on February 20, 2015, 02:55:32 PM

Quote from: above1000 on February 20, 2015, 02:31:11 PM

a quote from some one else with a good look at the bubble'''' ' \/'' ' '' ' '

i've said it before and i'll say it again - the entire runup of bitcoin from a stable(ish) 100 (that 100 value was arguably heavily manipulated in the first place by artificial capital of previous fraudulent exchanges / drug money driven by the silk road) to the all time high price in the 1200s was driven by a *BILLION* non-existent dollars that MtGox used to "buy" bitcoin off of their own fraudulent exchange (which was at the time by far the highest volume exchange on the planet) ... and just to repeat that for the slow folks ... they used a *BILLION* dollars in fake capital to cause that rise in price ... and you all wonder why people think bitcoin is a scam ? ? ?

There are fucking countless commodities, currencies, stocks, that have have been manipulated upwards at one point in time. Would you say they are all garbage because of it?
I mean they don't even hide oil manipulation, yet guess what, I am pretty sure people buy oil and invest in it, despite it being manipulated.

Everything can be manipulated. Nothing is safe. Banks are always messing with the prices of currencies, interest rates, stocks/shares etc. Does that mean fiat is a scam? Oh, wait, yes it is.

The central banks and the state are manipulating markets, the banks are just playing the central bank game and gaming a little bit the clients here and there thanks to the laws that protect them from competition and accountability.