Hi Gregory, i have a small amount of Bitcoin and Ethereum. As I watched the prices plunge yesterday I began to wonder. If the Central Bank has infinite money that they produce out of tgin air. Buy Bitcoin slowly with that money gathering a large quantity and pushing the price up, then selling a huge quantity quickly pushing the price down. What do they have to lose.?They could basically control any cryptocurrency by doing this. Or am I missing something?
Thanks for the great videos.
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There are a limited number of bitcoins, as FED dumps others can buy up cheap. It can't be shorted like gold paper contracts so it can't be manipulated for as long IMHO. Each time they dump will have less and less of an effect.
Thanks, but my point is, they can buy at any price. I know it is not the same as gold and silver, but if you have infinite dollars, can't you keep doing it? Isn't it dependent on people holding them?
Isn't that the same algo that controls paper gold and silver? Rinse and repeat.