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Three scenarios might make it crash: 1. Big institutional investors (Tesla, Microstrategy) pull out or face crashing their stock as well - they bought Bitcoin
by mgh2 5y ago
Three scenarios might make it crash:
1. Big institutional investors (Tesla, Microstrategy) pull out or face crashing their stock as well - they bought Bitcoin directly or indirectly with borrowed money
https://www.youtube.com/watch?v=st3KJN_DzCg https://www.youtube.com/watch?v=st3KJN_DzCg
2. Crypto community panics and claim their money en masse
3. "Satoshi" and other insiders secretly cash out
Since it is mainly a stakeholder manipulated market, regulation had not much impact so far...
As long as the narrative keeps perpetuating belief & demand, it will live.
- reginold 5y agoWait are you making a case for or against Bitcoin? The crypto community selling out after all the years of "hodl"? I would pay to see that! Satoshi "secretly" cashing out....what? How could that even happen it's literally impossible for those coins to move. Maybe Satoshi simply sells his private key off-chain, is that what you mean?
- mgh2 5y agoI am neither...there is so much hidden behind the curtains, I just focused on what will most likely affect the price, irrelevant of the product itself
- reginold 5y agoAh nice, we need more of that. I try to take that stance myself as well. First principles etc etc.
- protoax 5y agoWhat makes it "literally impossible" for those coins to move? I think it is incredibly unlikely but don't see why it is impossible.
- reginold 5y agoOops left out a word: it's literally impossible for those coins to move in secret. Public ledger and all. Does that answer your question?
- audessuscest 5y agoI don't think his point is that he will move them secretly, that's why he put quotes around, which I understand as just not publicly announced, or let's say, discreetly. The point is that if Satoshi starts selling, that's enough to start a crash considering how many BTC he has.
- mgh2 5y agoI suspect Tesla used bitcoin as an "indirect stock buyback" like microstrategy's CEO did to cause the short squeeze. Both are manipulating the market using crypto. 1-hr interview youtube video above of Michael Saylor with Fox's Tucker Carlson where he bragged about doing this removed recently- VERY SUSPICIOUS.
- mgh2 5y agoFount it: manipulation @45:37 https://youtu.be/wdJFeSY8UVk?t=2737 https://youtu.be/wdJFeSY8UVk?t=2737