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Originally Posted by onwebcam
NYSE=Centralized/regulated exchange... Crypto=decentralized/unregulated.. In addition to the bots pumping and dumping the coins on one exchange they are also arbitrating coins between multiple exchanges.. As I mentioned in another thread, the reason the SEC came to be is because of what you now see happening in the crypto market. Pump and dumps.. If governments ever wanted to make you beg for control they would just pump and dump the crypto market.
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No that's not what I meant.
If I wanted to buy and sell stocks automatically, meaning, I want to sell 1000 shares of Stock A when it climbs to $5.00, and I want to buy 1000 shares of stock A automatically when it drops to $3.00, isn't that a bot? And isn't that allowed?
Quote:
Originally Posted by directfiesta
Aside from gambling, what is ' backing ' the value of Bitcoin ?
Seriously ...
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Nothing backs coin, but what backs the value of coin, is how much people will pay for it.
For example, if you buy coin today expecting to make money with it, it's because you think people will pay more for it tomorrow. If you have coin today, you would want to sell it today if you think people will only pay less for it tomorrow.