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by kolev 4511 days ago
Bitcoin at its best - ignore and outshout truths that don't help the value of your stash go up.
1 comments

Why do you think the market is wrong on this one?
"Market" is an exaggeration. It's a battleground of flawed trading bot algos, immature investors, internal fraud by exchanges, and some shady characters ("Fontas", "whales", etc.).
If the "battleground" is the exchange value of Bitcoin, then calling it a market is not an exaggeration.
Ideally, the market price is driven purely by demand and supply, not by bots and speculators.
.... "bots and speculators" are participants in supply and demand.
I know right? Someone should tell the guys at the SEC that the stock exchange is broken.
@Karunamon Sorry for not being clear. My point is that increasing price it's not indicative that more people are getting interested in Bitcoin like many are trying to present it. It's purely speculation and we saw recent polls showing regular people not being interested in alternatives to the dollar.
Demand != number of people. For example, you can get twice the demand from the same number of people if they decide to invest more.
How is that different to any stock market?
It isn't (although the US stock market(s) have rules and people that try to enforce those rules). A market is just a group of people, it's not an entity unto itself.