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Board Beginners & Help
Re: Controling the BitCoin marked?
by
DeathAndTaxes
on 10/01/2012, 17:55:12 UTC
Or it means one of the exchanges is moving money around their pool-wallets.
I never understand why everyone is focused on who has more or less BTC. I don't own a fortune in them, but I have profited insanely. Just as I don't quit using dollars because of how many Warren Buffet has.

Warren Buffet can't crash the value of a USD in an instant either!  Wink

And mutually assured financial destruction ensures large Bitcoin holders can't/don't either.

Could you explain this a little better. What would prevent someone from doing some large transactions with themselves in order to manipulate the price?

Seems not. Not really surprising Wink

The statement was

"Warren Buffet can't crash the value of a USD in an instant either! "

Neither can large Bitcoin holders, not without destroying their own wealth.  Even if Warren Buffet wanted to crash the dollar he wouldn't if most of his wealth was illiquid and tied up in dollars.