Quote:
Originally Posted by VRPdommy
The dollar was not in question here.
So what is the volume of transactions buying and selling and at what price.
If you want to access the future value, you have to be able to look at post data.
Everyone has been investing in these like a stock but you can't do that.
With a stock, I can see when a price drops and there has been no volume in the stock,
it is for very different reasons than if the volume is high. With stock I can see large volume plays from insiders. Even in the currency markets, I can see when a country is shorting their currency to drive the price lower. I might even be able to predict they are about to do that and sell my holding in advance.
Back to more sellers than buyers.
If you want to know the future value, you need to know why the present value and or historic action of price and volume.
You can't achieve that so don't treat it as if it were a stock.
The high speed of transactions allows for manipulation of buy/sell orders without any kind of regulation or even for anyone to notice. This also happens with stocks, but if it gets out of hand, there is someone to answer to.
The money is in the transactions.
If I could, I would want to watch how many individual accounts are holding how many BTC (without name) and charting that. But even that can be spoofed. I could setup multiple accounts and move from one to someone on the outside and back to some other account.
Even our well regulated monetary system is capable of being spoofed and does from time to time.
BTC is a game without rules. Or should I say, only enough rules to make and hold a transaction.
I'm not against cyber currency cause were almost there as it is.
The folks that want it the most right now are those that make money from it and those that it provides a method to break the laws in other areas without being caught.
So it's going to be the subject to wild swings and manipulation. That's all.
Get use to it if you are going to play it as a investment tool. You are working in the blind without protection.
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i think you can answer this question MUCH easier.
letīs say someone tells you the winning numbers of the next lottery - you would be a big fool to tell it to someone else as you would have to share with all of them.
(and BTW THIS is also the common sense of a ponzi or pyramide game)
the BTC believers HAVE to defend their dream, because if you, me and all others do NOT believe it the bubble will explode. and their BTCs are just very long numbers that are wasting discspace.
now look at the following.
letīs say after the BTC got his highest point NOBODY would buy anymore BTCīs value would be already at ZERO.
but it is NOT on zero because people like jscott told everybody to buy because it will go to 100 k.
and there have been enough idiots who did it.
all this billions are already gone and they are for sure NOT gone into bitcoin as we see.
so the ponzi happend already and it will happen again.
wherever a few very very big winners are is a big big mass of big losers.
take the losers out of the game and you will see the winners losing.