Post
Topic
Board Economics
Re: Bitcoin or gold?
by
Amph
on 24/01/2016, 17:09:40 UTC
because the miners will manipulate the market(the old story we had about this  Grin) to run their business and make profit, that's why i believe that the chances are more towards the increase, also bitcoin has already 6 years if it was 50/50 there shouldn't be the average increase that we got every year

So you are not against manipulation (and manipulators) as long as it profits you, right?

as long as it help bitcoin, yes, as i see it manipulation in the beginning is needed, to increase the value to a certain point, so it can be adopted better, i believe that some folk are waiting for the price to increase before jumping in, because maybe they think that right now bitcoin is a bit dead

this because they were accustomed with higher price before(1200 just an example), so manipulation that aim at increase the value is good, manipulation that simply play with the market and stay in the same range forever it is not