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He could be massively shorting it and using negative press to panic retail investors into selling, driving down prices further (and increasing profits on his sh
by vm 9y ago
He could be massively shorting it and using negative press to panic retail investors into selling, driving down prices further (and increasing profits on his short).
Not uncommon for public equity hedge funds. Makes sense that someone would do it in the wild west of cryptocurrencies.
- vasilipupkin 9y agoHe could, but if he is telling prospective investors one thing and doing another, that's a recipe for legal problems