Post
Topic
Board Speculation
Re: A Stonewall Example of Market Manipulation/Engineering?
by
maker88
on 04/06/2014, 00:46:00 UTC
Quote
But it isn't due to 'the free market' as Adam Smith intended it. This is whale ramping and chart formation engineering in a cornered market.

It's a zero-sum game. For you to win someone else has to loose.

It isn't and they don't. I sell BTC to you because you want BTC and I want to buy a car. You get the BTC you want. I get the car I want. We both win.

I was talking purely in the sense of trading against a counterparty. You're alluding to overcoming the 'double coincidence of wants'.

Cheers

he actually still loses. you got bitcoin, likely to appreciate greatly. he got a car. it will depreciate to nearly nothing in ten years.