An electronic system it’s easier to manipulate and it’s infinite
But Bitcoin isn’t infinite.
How exactly are you going to control the market to the point that you can infinitly manipulate it because it’s electronic?
Our fiat system is, it can be inflated as much as they want. Someone just presses a button on a machine and bam, there’s another billion dollars in circulation.
Edit: I saw your edit late. Do pray tell how you can make Bitcoin easily be $560,000 USD because it’s electronic.
Bitcoin isn’t infinite but Bitcoin value is, if you control the market of Bitcoin(you have a lot of it) you can control the offer and demand of it selling or buying big amounts, that way you can add or quit 0 WO having to modify the amount of bitcoins on the market. As it is an infinite divisible currency you can always buy or sell fractions or units of it, so it doesn’t matter how much Bitcoins are out there the important thing it’s the value.
Well, your claim is because it’s electronic nothing is stopping adding a 0.
If you owned 100% of something, you can demand any price you want, but it doesn’t mean people will be willing to buy it at the price, and if has exactly nothing to do with being electronic.
Whales can throw their weight around to try and manipulate the price, but they ain’t making it 560,000 USD or 5,600 USD at a whim. If they could they would.
But Bitcoin isn’t infinite.
How exactly are you going to control the market to the point that you can infinitly manipulate it because it’s electronic?
Our fiat system is, it can be inflated as much as they want. Someone just presses a button on a machine and bam, there’s another billion dollars in circulation.
Edit: I saw your edit late. Do pray tell how you can make Bitcoin easily be $560,000 USD because it’s electronic.
Bitcoin isn’t infinite but Bitcoin value is, if you control the market of Bitcoin(you have a lot of it) you can control the offer and demand of it selling or buying big amounts, that way you can add or quit 0 WO having to modify the amount of bitcoins on the market. As it is an infinite divisible currency you can always buy or sell fractions or units of it, so it doesn’t matter how much Bitcoins are out there the important thing it’s the value.
Well, your claim is because it’s electronic nothing is stopping adding a 0.
If you owned 100% of something, you can demand any price you want, but it doesn’t mean people will be willing to buy it at the price, and if has exactly nothing to do with being electronic.
Whales can throw their weight around to try and manipulate the price, but they ain’t making it 560,000 USD or 5,600 USD at a whim. If they could they would.