Lost my faith - page 5. | Bitcointalksearch.org

Severian

sr. member

Activity: 476

Merit: 250

Quote from: ?? on ??

I believe that central banks can buy/sell bitcoins in volume to manipulate the price, as they do with precious metals certificates.

They're already doing it. Coinbase is a Goldman Sachs operation. The Big Dogs are quietly trying to accumulate as many bitcoins as they can without driving the price up. At the same time, banks are making it difficult for smaller bitcoin businesses like Mtgox and others to use the banking system.

I have great faith in Bitcoin's concept and the crypto behind it. I have no faith in the majority of Bitcoin's users and developers to have an inkling about who and what they're up against.

grue

legendary

Activity: 2058

Merit: 1452

Just because no one here seems to notice: THIS GUY IS BAITING FOR REPLIES. STOP FEEDING HIM.

Quote from: ?? on ??

I believe that central banks can buy/sell bitcoins in volume to manipulate the price, as they do with precious metals certificates. Banks have no control over physical metals.

>>>/r/conspiracy
>>>/x/
>>>infowars.com
>>>theIlluminatiZionistLiberalMediaCIATruth.org

Also, what makes you think that if they can manipulate bitcoins and metal certificates, they can't manipulate physical metals?

Quote from: nottm28 on June 25, 2013, 05:59:36 PM

Now I'm suspicious. A real ellipses has three dots ...

You're doing it wrong: …
It's supposed to be one character. Tongue

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: franky1 on June 25, 2013, 05:49:39 PM

Quote from: bitcoinscanada on June 25, 2013, 04:52:35 PM

I'm afraid I've lost my faith in Bitcoin. Somebody save me..

thats because you are reading the high price which is always volatile.. check out the monthly low price.. you will see there is a constant rise. the low price is more of the indicator of true value and growth indicators.. the high price is just pure speculation and should be ignored for long term investors

wow franky that's really smart. i never thought about it that way.

nottm28

hero member

Activity: 574

Merit: 500

Quote from: ?? on ??

Quote from: nottm28 on June 25, 2013, 05:47:31 PM

Quote from: ?? on ??

Quote from: Anon136 on June 25, 2013, 05:18:13 PM

is it just me or is this the sort of reply a computer program would come up with?

Umm.. I'm not a computer program, but interesting observation.

Have you checked that?

Does not compute.. does not compute..

Now I'm suspicious. A real ellipses has three dots ...

franky1

legendary

Activity: 4410

Merit: 4788

Quote from: ?? on ??

Quote from: Anon136 on June 25, 2013, 05:45:50 PM

Quote from: ?? on ??

Quote from: Anon136 on June 25, 2013, 05:18:13 PM

is it just me or is this the sort of reply a computer program would come up with?

Umm.. I'm not a computer program, but interesting observation.

ok now can you answer the other half of my last comment please.

I believe that central banks can buy/sell bitcoins in volume to manipulate the price, as they do with precious metals certificates. Banks have no control over physical metals.

central banks play about with investments using peoples money. they are only allowed to play about with peoples money on certain legal exchanges such as the NYSE LSE etc. they cant just withdraw peoples money, throw it into dwolla/moneygram to then play the mtgox market.

BUT private investment companies CAN play up and manipulate MTGOX/Bitstamp

franky1

legendary

Activity: 4410

Merit: 4788

Quote from: bitcoinscanada on June 25, 2013, 04:52:35 PM

I'm afraid I've lost my faith in Bitcoin. Somebody save me..

thats because you are reading the high price which is always volatile.. check out the monthly low price.. you will see there is a constant rise. the low price is more of the indicator of true value and growth indicators.. the high price is just pure speculation and should be ignored for long term investors

CurbsideProphet

hero member

Activity: 672

Merit: 500

Quote from: ?? on ??

I'm not selling the BTC I hold, just in case..

You should be alright then. If it takes off, you'll reap some of the benefit, if it crashes and burns, you had good foresight. Bitcoin is still very early in its develop and is subject to substantial risk, we all need to individually assess our own risk tolerance and make our decisions accordingly.

nottm28

hero member

Activity: 574

Merit: 500

Quote from: ?? on ??

Quote from: Anon136 on June 25, 2013, 05:18:13 PM

is it just me or is this the sort of reply a computer program would come up with?

Umm.. I'm not a computer program, but interesting observation.

Have you checked that?

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: ?? on ??

Quote from: Anon136 on June 25, 2013, 05:18:13 PM

is it just me or is this the sort of reply a computer program would come up with?

Umm.. I'm not a computer program, but interesting observation.

ok now can you answer the other half of my last comment please.

Littleshop

legendary

Activity: 1386

Merit: 1004

Quote from: ?? on ??

Quote from: grue on June 25, 2013, 04:56:31 PM

>no reasons given

I believe central banks will buy bitcoin and therefore control it's destiny.

This would fail and be hugely beneficial to most current bitcoin holders.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: ?? on ??

Quote from: Anon136 on June 25, 2013, 05:01:35 PM

good, you should never have faith in anything. faith is the antithesis of reason and evidence.

I have more faith in gold.. but I appreciate what Bitcoin is trying to achieve.

is it just me or is this the sort of reply a computer program would come up with?

please look at my comment and your reply and see if you can explain to me why it doesn't make sense.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: bitcoinscanada on June 25, 2013, 04:52:35 PM

I'm afraid I'm lost my faith in Bitcoin. Somebody save me..

good, you should never have faith in anything. faith is the antithesis of reason and evidence.

grue

legendary

Activity: 2058

Merit: 1452

Quote from: bitcoinscanada on June 25, 2013, 04:52:35 PM

I'm afraid I'm lost my faith in Bitcoin.

>no reasons given
>lucrative question
nice bait

rikur

full member

Activity: 216

Merit: 100

Quote from: bitcoinscanada on June 25, 2013, 04:52:35 PM

I'm afraid I'm lost my faith in Bitcoin. Somebody save me..

Quoted for year 2018, when Bitcoin is worth more than USD 100 000 each (if USD still exists..)

bitcoinscanada

member

Activity: 108

Merit: 10

I'm afraid I've lost my faith in Bitcoin. Somebody save me..

Topic: Lost my faith - page 5. (Read 7001 times)