4 October 2017
Bitcoin etc - easy to manipulate price, regulators asleep
No mystery, no one can really say how the prices of bitcoin etal are established. Who buys, sells? Can it be manipulated? Is it manipulated? Especially all over Asia the 'new capitalists' are playing with numbers that defy the imagination of people who grew up in established market economies, warts and all. How much does it take to push the prices around? 10 million, 100, 500? No problem for the new Oligarchs! And they know there is a sucker born every minute (second more likely).
Labels:
Bitcoin,
Regulation