Re:Did I just lose half a million dollars?
by kkjjkgjjgg on Sunday January 30, 2022 @06:43PM
(#30142520)
Inflation hits the masses, or in general money supply manipulation schemes. In the last few weeks, markets tanked just because the FEDs announced they plan to increase interest rates. Is that really how we want to go on?
[ Parent
| on HN ]
Cryptocurrencies are only used for speculation.
That's your best argument against regular currencies? That they're being manipulated, too? :-)
Re:Did I just lose half a million dollars?
by kkjjkgjjgg on Monday January 31, 2022 @05:46AM
(#30146640)
Bitcoin is not being manipulated. You may be confusing it with Bitcoin markets and Bitcoin trading. Nobody can conjure Bitcoin out of thin air or manipulate interest rates on it.
Re:Did I just lose half a million dollars?
by CRConrad on Tuesday February 01, 2022 @07:04PM
(#30171634)
> Nobody can conjure Bitcoin out of thin air
That's exactly what Bitcoin miners do: They take pure thin air and convert it into noxious power plant fumes. Pure air is what the odiferous Bitcoin is conjured out of.