If they had control over Bitcoin they would not be taking measures like this.
(twitter.com)
😷 DEM PANIC 💉
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If [they] can't control Bitcoin, then why does the price keep tanking?
Because people sell and buy, just like any other financial market...And it doesn't "keep tanking"...If you bought 100$ worth in 2011 it would be worth 3.3 Million today...there are over 17,000 different Cryptocurrencies to choose from...The only ones "controlling" the price is the Whales...(Buying and selling)
You are right. The main vulnerability beyond the downstream security issues of crypto is market manipulation. But that comes with the territory when trading in any type of currency. I believe the key is to diversify money and wealth into different baskets - some here and some there. That way if one is hit in some way, all is not lost. Putting all of one's eggs into a single basket has never been a smart move regardless of the medium of exchange used. This should not be a battle between what is better - this or that. They all come with good points, and all have some weakness. Balance is the key in trying to spread out risk.
Absolutely...Spread the investment.
Take a look at coin360.com for the heat map
They are manipulating the market and liquidated the margins in crypto. They have been doing this for months now desperately. Then the buy the dip before it comes back up.
Yep every big crypto rally is followed a day later by a big dip and then a big pushdown of GME.
I've heard the phrase, "If you don't [blank], you don't own your coin." The GME apes have figured out how to DRS their shares.
What about the Bitcoin equivalent? How do you legit buy Bitcoin to own it yourself?
A matter of perspective.. the fiat value is volatile.
If you denominate Bitcoin to USD then it's a matter of placing buy/sell pressure on the markets. You can't inflate Bitcoin as it's fixed, but you can inflate fiat all the way up. However at some point, there will not be any Bitcoin left.
We need to look past the hype and moonboi narrative.
News of China prohibiting it, news that it might become regulated, etc. They can still manipulate it, but the leverage they have over it is not even close to that which they have over fake dollars.
They can only manipulate it through FUD and the paper markets. They can't directly manipulate Bitcoin.