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RE: BTC: a tiny few own almost everything

in #steemsilvergold7 years ago

This looks like a recipe for manipulation, where the few can control the price and push it higher, and higHER, and HIGHER ! They could simple push higher by buying/selling to themselves and each other, just for manipulation! Then, sell a little out to the masses for highest price. (Gold/Silver manipulation by banks is going on today by the same means.)
IF this is manipulation, when the truth comes out, someone will start selling and dumping. At that point, it's no good for anyone.

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Hi goldkey, yep with this much concentration of market power it would be totally doable to 'paint the tape' as you say.