Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
realr0ach
on 22/11/2018, 01:05:21 UTC
This is awkward.

I'm not lying.  How many articles of "90% of the general public can no longer afford to write a $500 check" do we need to see to know it's impossible for the general public to pump this garbage?  Sure, the Winklevoss or someone can send all their illiquid asset tokens to Bitfinex then use it as collateral to margin leverage the price higher, but then you're back to square one of who is the greater fool they can dump on? 

The only real possibilities for a price pump seem to involve either fraud from people running Bitfinex, a random bitcoin whale using his coins as margin collateral for temporary financial trickery before it collapses again, or something like the govt itself pumping shitcoins to try and use it as a bait and switch for a cashless society slave system.