Re: Central Banks could EASILY destroy Bitcoin (if they want)
July 9, 2010: When someone tries to buy all the worlds supply of a scarce asset, the more they buy the higher the price goes. At some point, it gets too expensive for them to buy any more. Its great for the people who owned it beforehand because they get to sell it to the corner at crazy high prices. As the price keeps going up and up, some people keep holding out for yet higher prices and refuse to sell. The Hunt brothers famously bankrupted themselves trying to corner the silver market in 1979.
Always interesting to see mr.Nakamotos opinion-.....
http://crypt.la/2014/01/06/satoshi-nakamoto-quotes/
Always interesting to see mr.Nakamotos opinion-.....
http://crypt.la/2014/01/06/satoshi-nakamoto-quotes/
It is not about buy it all, but to manipulate the price.
They buy on current prices and then dump it with large volume and take losses (since they can afford to).
This will scare most investors who will leave.
WHAT IS THE MATTER WITH YOU??? HOW IN THE NAME OF CHRIST CAN YOU BUY $40 Billion of bitcoins at $900 each??? Hahahhaaaaa you are hilarious. I don't know if you are just trolling or you really have no idea that there are buy and sell orders for limited amounts of bitcoins on the exchanges. I would guess trolling...