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Wild market manipulation / tinfoil hat thoughts: I wonder if that billion dollar wallet movement in the last few days could have any relation to this? A lot of
by wcarss 6y ago
Wild market manipulation / tinfoil hat thoughts: I wonder if that billion dollar wallet movement in the last few days could have any relation to this?
A lot of retrospective analysis of the 2018 run found price painting and similar shady tactics by just a few actors drove the prices up substantially, used as an undergirding to the news hype cycle.
If you had a billion dollars in today's bitcoin value to move, how much could you increase your take for say, $50 million 'invested' in paying price-painting experts to generate bitcoin hype news?
- paulpauper 6y agothe $1 billion moving should j have been bad for bitcoin because the assumption was those coins were either lost for good or forgotten. now the supply has increased by $1 billion.
- vmception 6y ago> If you had a billion dollars in today's bitcoin value to move, how much could you increase your take for say, $50 million 'invested' in paying price-painting experts to generate bitcoin hype news? The shady tactic being the Department of Justice doing it for free? DOJ has flagged the billion dollar wallet for seizure, effectively tainting a large supply of bitcoin until it is magically washed by the US Marshalls when they collect it and auction it off again.
- dgrin91 6y agoDevils advocate against the tinfoil hat: If you weren't trying to do market manipulation, when would you make the move? It seems that waiting for the price to go up would be the time. As they say, playing the stock market is easy - just buy low and sell high. Edit: Now we know its actually US gov that moved it, so not market manipulation: https://www.vice.com/en/article/akdgz8/us-feds-seize-1-billion-in-bitcoin-from-wallet-linked-to-silk-road https://www.vice.com/en/article/akdgz8/us-feds-seize-1-billi...