Move your bitcoin off of coinbase and all other exchanges or surrender control of the price of bitcoin in USD

I hope people wake before it's too late to realize that the largest Bitcoin wallets in the world are held by these exchanges which are backed by Banks. Remember supply and demand determines value and banks can be made obsolete if bitcoin succeeds. Why would banks invest so heavily in the very technology that can supplant them? Control. Specifically control over the USD price of bitcoin. How? Relying on the ignorance of the masses who just "buy bitcoin" but leave them in wallets of the largest exchanges in the world that are heavily invested in by the banks. What does mainstream adoption matter when you control the largest wallets in the world? If supply and demand is what determines value and you have the bulk of the tradable supply you can suppress the price by trading back and forth with yourself without any losses regardless of USD price. Compounding this with the fact that they are the exchanges the masses use as on ramps to crypto and what the CFTC uses these "values" as references for futures contracts you can see how truly crazy this can be. Then, if you take it a step further and put the possibility of all the largest exchanges in the world getting into cahoots together this gets really scary. To me it's apparent that the exchanges have both the motive and means to see bitcoins price artificially restrained.

TLDR get your bitcoin off these exchanges into wallets you control ASAP! If not then the bank backed exchanges will dictate USD prices indefinitely.

Submitted November 25, 2018 at 02:39AM by BitcoinCanSaveUsAll https://ift.tt/2DEvcQZ