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<p>[QUOTE="Co1ns, post: 2754644, member: 87765"]As I said earlier, the illegal discussion is way out of date. Appropriate 5 years ago, these days the darkweb is moving towards a more private cryptocurrency, Monero <b>which can't be traced. </b>Majority of bitcoin interest these days arises from something we can all relate to: capital gains. </p><p><br /></p><p> </p><p><br /></p><p>Sorry, but this is a poor comparison. It isn't a forced rally or manipulation, there is no central authority with the power to do so. Unlike the oil companies which control supply and are also the biggest players in the futures markets. I'm no expert on the gold markets, but most gold bugs I speak to believe these markets are highly manipulated. As far as forex, we've had libor scandals, institutional stop hunting etc.</p><p><br /></p><p>I invite you (and anyone else who wants to learn a little about bitcoin and cyrpto markets) to check out the Bitfinex exchange and margin trading platform, it is truly fascinating if you are interested in market mechanics. </p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>As I said earlier, this is fast approaching, though the solution will not be bitcoin. The big investment banks and tech companies are already investing in Ethereum technology, this is what renders a lot of the discussion in this thread so out of touch and absurd:</p><p><br /></p><p>"Thirty big banks, tech giants, and other organizations—including <a href="http://fortune.com/fortune500/jpmorgan-chase-23/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://fortune.com/fortune500/jpmorgan-chase-23/" rel="nofollow">J.P. Morgan</a> Chase, <a href="http://fortune.com/fortune500/microsoft-25/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://fortune.com/fortune500/microsoft-25/" rel="nofollow">Microsoft</a>, and Intel—are uniting to build business-ready versions of the software behind Ethereum, a decentralized computing network based on digital currency." <a href="http://fortune.com/2017/02/28/ethereum-jpmorgan-microsoft-alliance/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://fortune.com/2017/02/28/ethereum-jpmorgan-microsoft-alliance/" rel="nofollow">Full article at Fortune</a></p><p><a href="http://fortune.com/2017/02/28/ethereum-jpmorgan-microsoft-alliance/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://fortune.com/2017/02/28/ethereum-jpmorgan-microsoft-alliance/" rel="nofollow"><br /></a></p><p>...</p><p><br /></p><p>and on that note, follow up of the chart I posted yesterday:</p><p><br /></p><p>[ATTACH=full]631659[/ATTACH] </p><p><br /></p><p>Ethereum has notched another record close against bitcoin after a week of sideways following the channel break. Up 157% since April lows and 972% year to date. </p><p><br /></p><p><b>Finally, for anyone who really feels strongly about a lack of future for bitcoin - <u>there is borrow available.</u> Take a position. Short it. Put your money where your mouth is. The bitcoin proponents in this thread all have skin in the game. Anyone who doesn't have enough knowledge to take a position with confidence is just noise. </b>[/QUOTE]</p><p><br /></p>
[QUOTE="Co1ns, post: 2754644, member: 87765"]As I said earlier, the illegal discussion is way out of date. Appropriate 5 years ago, these days the darkweb is moving towards a more private cryptocurrency, Monero [B]which can't be traced. [/B]Majority of bitcoin interest these days arises from something we can all relate to: capital gains. Sorry, but this is a poor comparison. It isn't a forced rally or manipulation, there is no central authority with the power to do so. Unlike the oil companies which control supply and are also the biggest players in the futures markets. I'm no expert on the gold markets, but most gold bugs I speak to believe these markets are highly manipulated. As far as forex, we've had libor scandals, institutional stop hunting etc. I invite you (and anyone else who wants to learn a little about bitcoin and cyrpto markets) to check out the Bitfinex exchange and margin trading platform, it is truly fascinating if you are interested in market mechanics. As I said earlier, this is fast approaching, though the solution will not be bitcoin. The big investment banks and tech companies are already investing in Ethereum technology, this is what renders a lot of the discussion in this thread so out of touch and absurd: "Thirty big banks, tech giants, and other organizations—including [URL='http://fortune.com/fortune500/jpmorgan-chase-23/']J.P. Morgan[/URL] Chase, [URL='http://fortune.com/fortune500/microsoft-25/']Microsoft[/URL], and Intel—are uniting to build business-ready versions of the software behind Ethereum, a decentralized computing network based on digital currency." [URL='http://fortune.com/2017/02/28/ethereum-jpmorgan-microsoft-alliance/']Full article at Fortune [/URL] ... and on that note, follow up of the chart I posted yesterday: [ATTACH=full]631659[/ATTACH] Ethereum has notched another record close against bitcoin after a week of sideways following the channel break. Up 157% since April lows and 972% year to date. [B]Finally, for anyone who really feels strongly about a lack of future for bitcoin - [U]there is borrow available.[/U] Take a position. Short it. Put your money where your mouth is. The bitcoin proponents in this thread all have skin in the game. Anyone who doesn't have enough knowledge to take a position with confidence is just noise. [/B][/QUOTE]
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