Re: Technical analysis is a another form of manipulation. Here is everything I know,
I agree with you that the basis of the cryptocurrency market is manipulation. The trend of prices on all the exchanges specify trading bots. We don't even know if they actually have that many coins to bet on or if it's just the numbers we see. The main volume of sales of crypto is done outside the exchanges. But I'm not sure that bitcoin is a Ponzi scheme. I believe in the future of bitcoin but after the opportunity to buy and sell it for dollars, it became subject to those who have a lot of dollars. They dictate prices and easily manipulate the market.
Bitcoin is not ponzi but the market is ponzi. It's a passive ponzi scheme. People blind still.
Enough. I will never be in Bitcointalk again. People are not appreciate truth here.
Good luck and dream moon tonight!
Bye.
It's a pity when people are confronted with public debate, that they cannot face the music and cut and run at the slightest sign of confrontation. Bitcointalk is there for everyone to debate interesting subjects like this and people should not shy away from a little criticism or analytical discussions like this.
Bitcoiners can never deny that there are market manipulation in Bitcoin. Does this automatically mean that it is a Ponzi scheme?
A Ponzi scheme is a form of fraud which lures investors and pays profits to earlier investors by using funds obtained from more recent investors. The victims are led to believe that the profits are coming from product sales or other means, and they remain unaware that other investors are the source of profits. Source : Wikipedia
Looking at the above definition, would you see market manipulation as a deceptive strategy to create the perception that someone is buying something that was presented as something else?
