CNBC Market Manipulation and Bitcoin

a reply to: CriticalStinker

Yes , so your Point is ? What will be the Repercussions of that to the Global Economy Now > ?

originally posted by: Zanti Misfit
a reply to: CriticalStinker

Yes , so your Point is ? What will be the Repercussions of that to the Global Economy Now > ?

That China banning crypto won't crash it like you originally said. We knew months ago it was coming, and there was a correction afterwards but it will bounce back.

Equities don't need global involvement to be successful. It's not like the average Chinese citizen can buy US stocks yet the market has been going up.

a reply to: CriticalStinker

Hmm... Thanks for Clarifying that . ..............)

a reply to: Zanti Misfit

Things maybe a little bit bearish with all the markets freaking out about Evergrande and the Chinese real estate market leaking into the global economy like the US in 08'.

But even if it creeps down I think it bounces back. I feel like people will want something to hedge fiat if things are looking grim.

a reply to: watchandwait410

Many things...

You all act like this is something new. In the early 80's NBC did a bit on gas tanks exploding on Ford pickup trucks. They showed a demonstration of a collision and the resulting explosion. Later it was found out that they had to use incendiaries to MAKE the tank explode.

Many of the segments seen on news shows are created by others and the show is PAID to air them. These segments are usually financed by trial lawyers to stir up interest and public sentiment to force companies to settle out of Court. Others are to influence members of possible Jury Pools.

Manipulation of markets has gone on since trading began. Unfortunately for those wanting to profit from manipulating stocks and traditional assets, doing so is highly illegal, and tends to result in high fines and jail time

Good post