Topic: put on your tinfoil hats. I think I've gone over the edge. - page 3. (Read 4062 times)

Bitcoin is not a stock, it's a goddamn currency for gods sake.

Yeah, its not a Ponzi scheme. Only people that say that don't know what they are talking about and probably don't know the definition.

Its more or less a stock to invest money into, value could go up or down, except this is a stock that the government wants to get rid of, making people think twice about investing.

ok i can accept bitcoin isnat a ponzi scheme but, it still seems vulnerable to market manipulation by large owners

Crazy theory indeed.

Bitcoin is a remarkable idea. It's so valuable there is theoretically no ceiling on its price. It's so scarce that as supply is exhausted, the price increases accordingly. You could relate the exponential increase in price to the level of adoption of bitcoin. As it gains more exposure to the world, people will naturally be curious about it, dabble in it, and maybe invest a portion of their worth in it.

As for why the bitcoin price roughly follows an exponential trend, you can thank greed for that. If the price goes up too quickly, people holding bitcoins will sell. Greed keeps the price down, and underlying valuable properties of bitcoin keep the price up.

Bitcoin is traded in a free marketplace environment. Ponzi schemes can been built on top of it (Pirate40) but they will get busted or collapse.

https://bitcointalksearch.org/topic/faq-is-bitcoin-a-ponzi-or-pyramid-scheme-newbie-friendly-7815

investment with promise of high return paid for by investors below fueled by new money etc. not exactly btc but similar

Do you even know what the definition of a ponzi scheme is?

oh yea and another reason i think something is off is due to no one knowing who the creator of the bitcoin is. if bitcoin is determined to be a ponzi scheme it would be good to remain unknown....... i feel really dumb for saying all of this, i don't really think all of this im just exploring ideas.

not sure if this should go here

Something seems really odd to me. So I wasn't in bitcoin during the April crash, but i heard that it was largely due to a ddos attack on mtgox. i bought a few bitcoin around $315 a week or two ago and have been watching the price etc. Now, when the price spiked to the $800+ area the exchanges started lagging or going down for periods of time. Maybe due to ddos attacks. But what seams strange to me is that the level we've been brought down to put us back in line with the exponential growth curve that started on Oct 13. So I guess my thinking is that big players are manipulating the market to fall in line with the exponential growth, shutting down the exchanges when growth becomes too strong or fast. It took a few days for the April crash to reach a bottom. As of right now the price is about 450-500 with no determinable bottom, whether or not this is a more long term correction or part of a mini bubble i don't know. The last two big crashes left us with a price an order of magnitude higher each time, so that leads me to believe that we still have some upward movement left which we will crash from and level out at about $1000.

I guess where my craziness creeps in is me thinking that these exponential growth patterns seem unnatural coinciding with exchange blackouts leading me to believe that there are people behind it. Am i crazy? is this kind of manipulation theoretically possible? Are these patterns possible as natural price movements? Is it possible to manipulate exponential growth to sustain it longer? If there are people manipulating the market and you read this could you give me a heads up on target prices  . I've read rumors that bitcoin is a big ponzi scheme.

I'm not usually one to believe in conspiracies, but something seems off with these price movements. then again i only took a semester of calc and i'm not to familiar with patterns of exponential growth. so Im probably wrong.