I guess no one here is bothering to correlate the price swings with the wild fluctuations in hashrate.
Miners now playing with hashrate to induce volatility, lol. Must mean there aren't any real traders in the market.
Miners now playing with hashrate to induce volatility, lol. Must mean there aren't any real traders in the market.
Yeah... go ahead and attempt to correlate price and hashrate, I doubt you are going to find much, if any correlation, and if you do, it may likely be called coincidence, rather than correlation.
Furthermore, you are back on this theme describing few traders, which has been one of your past themes, which remains a kind of ridiculousness that seems to be loosely correlated with facts.
Sure trade volume remains fairly low in recent times which causes relatively easier abilities for any bigger players to manipulate BTC prices through trade, but those kind of facts are fairly unlikely to lead reasonable conspiracy inferences of miner manipulation..
It makes very little sense logically that miners are the actual supposed manipulators.Actually JJG, the onus is on you to provide proof that Miners *aren't* manipulating the market, aka the actual market makers.
Prove it. With facts.
I'll wait right here...
Actually, you are full of it.
I think that logically it should be fairly clear that you are the one who is making the extraordinary claim.
And, have you ever heard of the expression, "extraordinary claims require extraordinary proof"?
Whether you are being disingenuous, when you attempt to shift the burden onto me or you are dumb is a bit of a question. At this point, I personally doubt that you are actually dumb, so it seems that it is more likely that you are being disingenuous with your nonsensical assertion that I have a burden to show that miners are not manipulating BTC prices, etc.
Also, in the end, to the extent that there is actual manipulation going on in the bitcoin space (prices specifically), does it really make much of a difference concerning what we are going to do based on who is doing it, and why?
Regarding BTC prices, and our concerns about price directions, yeah, each of us are going to account for a variety of factors concerning how and when to allocate our investment into bitcoin, if at all.
Sure, reasons for price manipulation could matter in some kinds of outlier scenarios, but really these alleged specifics concerning attempting to identify sources of manipulation (specifically identifying miners) and to draw fringe conclusions seems to harp on pie in the sky fantasy land speculation and less probable scenarios rather than any kind of central material and important dynamic in bitcoin price dynamics that cannot be accommodated based on more important considerations.
