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RE: Are the Gold Bugs finally noticing Bitcoin ?

in #gold8 years ago

Yes, it seems the trend is towards using Bitcoin as an asset equivalent to gold, in that it is rare and difficult to mine. As for Big Money cornering the market, it is theoretically possible to control the market of a coin. However, the ease with which a person can switch out into a different cryptocurrency would probably make it a strategy of little value. Besides, perhaps all this volatility Bitcoin suffers is the result of market manipulation. :)

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I would agree market manipulation moves the current market, but I am unsure if it is deliberate or simply supply and demand.

China deciding they want Bitcoin for example makes a huge move upwards, but I'm sure that is not done simply to manipulate the price..

I think, and hope; this is where the alt coins will start to shine...

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