What if 17 billionaires from the middle east join up with 50 billionaires from the USA and Asia in a secret meeting in DUBAI. What happens, if on a certain signal, they all at the same time, run massive buys on BTC driving the price up 100% in 24 hours ? How bad will they rip the faces of the pathetic "Wall street banker shorts" ? What if they use a custom A.I. aided attack system to do all this ? What if it's all done in just the right jurisdiction? What if they make it prolonged to the point where it lays waste to about 4 or 5 big banks and venture funds in the process? Is this at all possible ? YES. Is there motivation to do this ? Yes. Is this scenario possible? YES. Will this happen? I'm guessing yes. When would something like this happen ? About now. Buckle up, and DONT take leverage. It's about to get real for J. S.
"Dynamic pricing" poses a dangerous future for the unprepared. Businesses can now adjust prices in real time, for individuals, depending on data they easily gather. They ALLREADY do it with airline tickets. IT is getting where even groceries or Amazon purchases will be priced that way. Insurance companies have used it for years based on zip code. Wall Street brokers have used it in trading to cheat the retail investors.
THERE is only one technology that can get around, or offer a defense against, this dynamic pricing. And, there is only one real money based on that technology, BITCOIN. Bitcoin is partly based on Public and private key encryption. This public/private technology allows some important identifying information to be masked. The identifying information can be masked in a variety of ways with Bitcoin, crypto technology, and blockchain platforms, decentralized servers, and the good old VPN networks. When it come right down to it, Bitcoin is the safest money for privacy ever invented. And, privacy is a main defense against dynamic pricing.
What if you had a big gold bar, safely stored in your house.
What if someone from Washington DC, came into your house and shaved just a little gold off your bar every year ?
You'd be pissed huh? ESPECIALLY, when they said, " don't worry, it's only 3%, it's good for the economy".
This is what they have been doing with the USA dollar, since 1913. Theft is theft