Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
r0ach
on 25/03/2017, 07:54:22 UTC
tulips....

Also, after watching Ethereum, where some R3 banker dirtbags and people like Digital Currency Group control the entire premine, I generally think any market where you can leverage non-existent, make believe assets is just a complete fraud by default.  They can't sell because...they are the entire market...so it's an illiquid asset.  So what do they do?  Just use their giant premine as collateral to leverage the price higher to try and attract momentum traders to buy their toxic asset.  It's an even bigger scam than selling subprime mortgage backed securities.

This is why I say I hope you people bought some physical, tangible items with your moon priced bitcoins, because everything about digital currency trading and price is so heinously fraudulent (as can be seen by 0.1 btc priced darkcoins), that it's all going to come collapsing down in a big way someday.  It's obviously not a store of value when nobody is even putting anything of value on the line in a lot of cases in the first place...leveraging illiquid assets...