Re:Statement of SEC Regarding Recent Market Volatility
by RurouniK on Friday January 29, 2021 @10:15AM
(#25958035)
Apparently when retail investors win it's "Manipulative trading activity"... I'm so glad Bitcoin and DeFi was invented in my lifetime and I can be protected by maths and computer science instead of a three letter agency.
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Re:Statement of SEC Regarding Recent Market Volatility
by dialamac on Friday January 29, 2021 @10:35AM
(#25958285)
Yeah that’s nice, so at least you can be involved in something where there is no doubt of large scale unfettered manipulation. I guess that certainty is a plus for some.
Re:Statement of SEC Regarding Recent Market Volatility
by RurouniK on Friday January 29, 2021 @10:51AM
(#25958522)
Do you have any proof of that large scale unfettered manipulation other than some random posts from salty boomers like yourself?
Re:Statement of SEC Regarding Recent Market Volatility
by dialamac on Saturday January 30, 2021 @07:53PM
(#25974625)
I thought the “beauty” of Bitcoin is that it is free.. unshackled, unregulated. So in your mind how is that not an open invitation for powerful and well funded interests to manipulate it? I think the simpler question is why wouldn’t it be manipulated?
Re:Statement of SEC Regarding Recent Market Volatility
by jdefr89 on Friday January 29, 2021 @10:41AM
(#25958356)
Yea, unfortunately they isn't really the case right now as cash is still king and crypto is another gamble. Not to mention, who do you think could buy better hardware? Us or them?
There isn't really such thing as decentralized. Its just the authority gets shifted around but the same issues can still show up.
Re:Statement of SEC Regarding Recent Market Volatility
by RurouniK on Friday January 29, 2021 @10:47AM
(#25958459)
Crypto is a technology not a gamble. It attracts gamblers but it's a technology and it's already 12 years old. I could say that an open decentralized permissionless network that has moved trillions of dollars for the last 12 years is resilient enough for me.
Re:Statement of SEC Regarding Recent Market Volatility
by Raidion on Friday January 29, 2021 @10:59AM
(#25958634)
You could say the exact same thing about the US stock market, except it's moved orders of magnitude more money.
The risk may not be in the same spots as traditional markets, but it's there. Return doesn't come without risk, it comes because of the risk.
Re:Statement of SEC Regarding Recent Market Volatility
by RurouniK on Friday January 29, 2021 @12:59PM
(#25960249)
The US stock market is an institution run by suits not a technology. I mean boomers like you might think that the internet and usps are the same thing because they both move messages around but they are not.