QUESTION: If you were set on it, how could you help ensure that bitcoin price continues to decline? ANSWER: You make it just **slightly** easier to sell bitcoins, than to buy bitcoins. FACT: Sellers typically sell thousands of dollars worth of bitcoin in one *single* large transaction. Buyers nearly always chip away at their purchases using many smaller transactions often spread out over days or weeks. Also, sellers are often merchants/businesses, whereas buyers are generally individuals. In other words, the demographic and motivations of buyers and sellers is unequal. Now, once you have a unequal flow of buyers and sellers...i.e. the velocity and depth of transactions is unequal...youll have one direction that is favoured (i.e. towards selling). When that happens, youll get price movement. More specifically, if you have more coins up for sale than are desired, or capable, to be purchased (at any given moment), youll clearly have to lower your sell price to inspire new buyers to come out of the woodwork. This is exactly whats happening....the price is dropping as sellers try to inspire the small pool of available buyers to buy **faster** (which they cant because theyve got a parasitic monkey called the State and Bankers sitting on their shoulders preventing them from being as involved in Bitcoin as theyd like to be). The manipulation is 100% by-design, IMHO... FOLLOW UP QUESTION: What have the banks being feverishly doing the past 2 years? Making it damn near impossible to buy bitcoins from individuals (e.g. shutting down bank accounts of anyone that is a seller, for instance...even though its perfectly legal). Why would banks want to manipulate bitcoin prices? Because banks arent yet ready to sell you bitcoins **themselves** (they want in on the action, so theyre buying themselves some time to get caught up) Until they are, theyll manipulate the market to make Bitcoin investment look as unattractive as they can. Theyre looking out for their own portfolio...not yours.
Posted on: Mon, 05 Jan 2015 01:17:48 +0000
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