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RE: General Market Sentiment (bitcoin)

in #bitcoin7 years ago

Same as me too. All seems a bit too easy and "false", but then again, what is real about the USD or any other currency once they unpegged from the gold standard?
Too easy to just print more money when your economy turns to shit!
I've got a 10 Trillion dollar note (Zimbabwe) as they've had hyper inflation for years. I've seen similar happening in Venezuela recent years too. Saw the same in Peru in the 1990's, where they had 3 locals currencies in circulation simultaneously (intis, sols, + nuevo sols) as each year they had to wipe 3 zeros off the value, and couldn't recall the previous currency quick enough before inflation destroyed it!

I like the idea of crypto in that no Government can make or control it (new world order here we come), but is a make believe computer generated currency really any better or real (long term)?
What is to stop it being manipulated by the back room computer boys?
Same can be said (and frequently happens too) about share market / banking / hedge fund managers manipulating the market for their own benefit!!

Maybe this is controversial topic in this forum - I'm just saying , being devils advocate, but feel free to convince me....

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