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  • Without being asset-backed, has Bitcoin become an casino run by whales? [Forum Post] I've been watching bitcoin for a long time now, and every rally and decline seems to be outed as manipulation by whales who can move $100 million or more in a day. Makes me think the average investor, with no opportunity to base decisions on real-world factors, is just basically rolling the dice with bitcoin. The house advantages in Vegas are: Roulette: 5.26% Craps: up to 16% Blackjack: 1% or less if player knows basic strategy I think the odds in Vegas are similar to, if not better than gambling on Bitcoin -- the 'house' in the case of Bitcoin being powerful manipulators of the currency. Curious what you guys think.
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