Bitcoin

Out of context: Reply #1812

  • Started 14 years ago
  • Last post 18 days ago
  • 2,703 Responses
  • Bennn1

    Iam still a newbie with Bitcoin and learning but i now understand the scheme... Some rich people manipulate the thing by buying many Bitcoins, it start a wave up, lot's of people jump in, the bubble inflate and suddenly these rich people pull out with massive profits and the bubble burst. Repeat.

    Am i right?

    • Certainly seems that way.Continuity
    • except for 'rich ppl' and 'bitcoin' ... it's just how markets work.
      And there is still lots of value in bitcoin, lots of the big investments will hodl.
      uan
    • they a re betting against gold and the dollar as value keeper. and they expect bitcoin to stay around for years.uan
    • Nothing to do with rich ppl, Bennn. It just lingers around until volume kicks in and people start buying. It goes up and what goes up must come down.NBQ00
    • Nothing just goes up in a straight line all the time. Bitcoin already went from like 10K’s to 40K’s on this wave which is a big move. So naturally...NBQ00
    • https://twitter.com/…drgs
    • ...it has to correct the move a bit. Just how markets and technicals work in trading and charts.NBQ00
    • And most of the time the majority of people usually buy at the top or close to the top because they hesitate and then they chase due to FOMO.NBQ00

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