Dextract Posted November 25, 2017 #1 Posted November 25, 2017 I heard somewhere that in one site the people created some what 3m or 3b worth of fake usd and converted it to bitcoin and now is it gonna drop. ps someone explain how the bitcoin price rises and on what basis ?
rack001 Posted November 25, 2017 #2 Posted November 25, 2017 That's a little too much to believe tho , as all the transactions are digital . you cannot create fake usd , you can create Fake currency notes but they still need to be converted to digital money for that it needs to pass through banks which is extremely rare and its only possible if you own thy bank ! Other scenario can be when an exchange does it , for that too you need to own the exchange ! and also thats serious jail time too ! Also Price is always determined supply and demand ! and if they converted it to bitcoins price would go up for the time being as bitcoins in the market would be bought up , but when it will be exposed and actions would be taken it might end up with the the exchange being closed and that would cause btc to go down ! All i wrote were just speculations tho , nothing can be said until the case is cleared , i never heard of something like this but still this can happen !
Featured Comment
Archived
This topic is now archived and is closed to further replies.