Quote from: realr0ach on September 01, 2018, 05:22:32 AM

Quote from: cellard on August 29, 2018, 11:20:49 PM

Please stop denying gold isn't any less manipulated than Bitcoin

Every market in the world is manipulated by the ESF in order to try and prop up the dollar + bond market + stocks. The only real disparity here is that bitcoin has obviously been intentionally propped up by the fraudulent exchange Bitfinex, their tethers, and other scams, while silver and gold are suppressed 24 hours a day by entities like the Comex. Anonymint can lie all he wants, but he knows it's a lie when he tries to pretend shitcoins are not an artificially propped up bubble, and metals are an inverse bubble. The first step of trading 101 is do not buy an artifically propped up bubble.

Same thing with other shitcoins on the micro-scale. Goldman Sachs bought most of the Ethereum premine, sent their illiquid asset to Poloniex, then leveraged it higher. It was a toxic waste, illiquid asset when the price was low. Now it's a higher price pile of toxic waste. The same thing has been done with bitcoin using ScamFinex to artificially rig the price upwards.

In the GATA archives for metals, it was admitted by the govt that they try to introduce volatility into the metals market using the ESF in order to make them look like a less stable store of value so they can pretend the dollar is somehow more stable. The ESF itself might even be running the bitcoin pump and dumps doing the same thing here. Create bubbles then catastrophic collapses over and over ad infinity...in everything...then you pretend the dollar is stable. Meanwhile, they literally hand out a blueprint of when and where the pump and dumps will occur to a select few oligarchs to make sure they can continuously stay in power and never lose a bet.

It depends on what you believe the outcome of the USD will be. Do you think they can keep doing this forever, and keep the USD alive and strong in zombie mode? will people keep accepting USD no matter what thus making it a useful tool to demoralize potential buyers of hard money? (bitcoin or gold)

If yes, then both bitcoin and gold are fucked, because no matter what their properties are, they can keep manipulating the price forever.

If no, then both bitcoin and gold will win, because they are hard money, and hard money always win in the long term. What is being discussed here at least by me is the fact that bitcoin is a lot more convenient than cumbersome gold. You can't basically move anywhere with your gold, for this reason alone, bitcoin wins.