Post
Topic
Board Speculation
Re: Bitcoin Shrinking - The Long View
by
Synaptic
on 17/07/2011, 02:02:36 UTC

It is opinion.  The only thing we know for sure is that their are offers and bids in the high thirteens right now. Everything else is opinion.  Value is what a willing buyer and seller agree on. 

If only we knew for sure that those were the real bids/offers, and not the market makers themselves trying to maintain a certain profit level by simply massaging the numbers inside their database. Do you really have trust in the unregulated market makers?

I think this is probably a bit TOO conspiratorial, even for how full of shit the exchanges are.  What is for certain is that the people who run the exchanges, as well as the bitcoin aristocra....I mean "early adopters," are in total and complete control of the markets as long as people continue to buy into bitcoin.

Fortunately regular people are beginning to move past the hype and not throwing their paychecks into such a bullshit scheme anymore.