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cryptocurrency and related discussion
After Bashing It For Years, The World's Largest Asset Manager Is Now Offering Bitcoin To Its Top Clients
submitted 1 year ago by Drewski from zerohedge.com
[–]Drewski[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (0 children)
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[–]Anman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (2 children)
The theory I subscribed to when I was playing a finance pig, was that the reason these places were avoiding trading this commodity (because crypto is just a finance commodity and nothing else) was because they were stocking up on it for manipulation. Which is a normal and well documented method that has existed for 100 years.
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 1 year ago* (1 child)
I assume this "method" (more a scam) has been implemented by various groups long before this again and again.
At least going back to Venetian money-lenders in the 13. and 14. century when they "invented" book money on some bigger "scales" than the Chinese could at that time.
The Chinese implemented some trade restrictions on themselves for cultural and war-tactical reasons, i suppose.
[–]Anman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (0 children)
Oh in general for sure, I was referring to the "financial market".
[–]Drewski[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–]Anman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (2 children)
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (1 child)
[–]Anman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)