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RE: German Central Bank Warns Not To Use Bitcoin As It Is Not Backed By A Central Bank

in #money8 years ago (edited)

You're assuming it's gonna keep going up. That's a false assumption. They have already issued paper contracts and are planning on manipulating the price of bitcoin through paper contracts just like gold and silver. Even if it goes up, it's not gonna be the same percentage of $3 to $1800. Whatever goes up must come down and that includes Bitcoin.