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Saturday, 11/16/2019 1:37:00 PM

Saturday, November 16, 2019 1:37:00 PM

Post# of 63487
Govt can't stop bitcoin but they can control bitcoin price. They do this by using intermediaries (banks) who use the futures market to manipulate the price just as they have done for years in the gold market. Right now open interest is at an all time high in the gold futures market and that is how they stopped the recent rally in gold. Gold is at all time highs in almost all other currencies but not here. Back when they started trading bitcoin futures the price collapsed from 20k to 3k. Trump even bragged about popping the bitcoin bubble. You are completely at their mercy and that is one reason this company while not a scam has almost no chance for big gains. Another problem is never ending equity financing as miners become obsolete and have to be replaced. Maybe we will be luckier with ethereum.
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