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RE: The end of CC market as we know it.
Just a layman question , why not PPT were able to cope with 2008 financial crisis?
Just a layman question , why not PPT were able to cope with 2008 financial crisis?
Because they arranged it in the first place. It's their creation. They did not have tools at the time to continue pumping up bubbles. So, they popped them by pooling the rug of liquidity underneath AIG, - the major counterparty risk insurer. Today with High Frequency Trading and no mark to market valuations they are much better equipped to rob you by stealth taxation of inflating to oblivioun paper currencies. Bitcoin price is the clear evidence of it.
I'm having a hard time with this one. Bitcoins growth against the U.S. dollar is due to eroding confidence in the dollar. Bitcoins growth has been fueled by those that see the value in a decentralized currency. Betting on Bitcoin derivatives may have some effect on BTC price, but control it? Is it really possible to sway enough of the BTC hodlers back to centralization? I think that would be underestimating the power of those of us that believe Bitcoin is the currency of the future which no government can stop.
Bitcoin growth has nothing to do with those naive people who believe in decentralization of power by having decentrilized currency. Bitcoin growth has been fueled by the Wall Street money and their algorithms. The only limitation up to this point was liquidity of the existing CC exchanges preventing players to go naked short with a good leverage. Now it is no more.
I think we'll just have to agree to disagree on this one. I could cite more reasons, but the back and forth isn't worth the energy. I still like your charts!!
You can cite whatever you want and I'm not here to argue with you and/or to convince you of anything.
But my charts are what they are precisely because they are based on the knowledge of how the world of finance is turning around.