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Searching HN for "insider trading", around 80% of the stories are about insider trading happening on Wall Street.

by dewey 3y ago

deleted 3y ago
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deleted 3y ago
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dragontamer 3y ago
Insider trading is when an insider knows the true price better than you do and takes advantage of that by making buys/sells on the market without disclosing the insider information. ------ What happened here is a rugpull. Not insider trading. The coin was collapsing, but plenty of people figured out how to make money even in the collapse. Rugpulls don't really happen in the regulated market. But they are a dime a dozen on cryptocoins.
- dewey 3y ago
  > Analysis suggests at least three Reddit moderators dumped thousands of dollars worth of Moons just minutes before the actual announcement Sounds like they had...insider information?
Tao3300 3y ago
Tell me again about how crypto is not a scam?
JumpCrisscross 3y ago
> Searching HN for "insider trading", around 80% of the stories are about insider trading happening on Wall Street Because most insider trading is trivial to catch. An insider trader has to act ex ante. That's difficult on multiple levels: acquisition of the information, predicting its effect and executing the trades all while evading capture. Detection, on the other hand, is ex post facto: find unusually profitable trades after the information has occurred. That's what the SEC does. To the extent insider traders aren't caught, it's because they failed to turn a profit. Look at the people being caught insider trading; they're rarely professionals. Because professionals know how hard it is relative to the gains. Instead, it's mostly numpties who heard about an acquisition from their spouse or whatever. With crypto, we have the tape. But linking the wallets to the numpties is hard. (Also fewer people care about the victims, let's be honest.) Imagine if this chain had real names attached to it. We'd have a predictable list of offenders to prosecute.

Searching HN for "insider trading", around 80% of the stories are about insider trading happening on Wall Street.

by dewey 3y ago

Searching HN for "insider trading", around 80% of the stories are about insider trading happening on Wall Street.

deleted 3y ago

[deleted]

deleted 3y ago

[deleted]

dragontamer 3y ago

Insider trading is when an insider knows the true price better than you do and takes advantage of that by making buys/sells on the market without disclosing the insider information. ------ What happened here is a rugpull. Not insider trading. The coin was collapsing, but plenty of people figured out how to make money even in the collapse. Rugpulls don't really happen in the regulated market. But they are a dime a dozen on cryptocoins.

dewey 3y ago
> Analysis suggests at least three Reddit moderators dumped thousands of dollars worth of Moons just minutes before the actual announcement Sounds like they had...insider information?

Tao3300 3y ago

Tell me again about how crypto is not a scam?

JumpCrisscross 3y ago

> Searching HN for "insider trading", around 80% of the stories are about insider trading happening on Wall Street Because most insider trading is trivial to catch. An insider trader has to act ex ante. That's difficult on multiple levels: acquisition of the information, predicting its effect and executing the trades all while evading capture. Detection, on the other hand, is ex post facto: find unusually profitable trades after the information has occurred. That's what the SEC does. To the extent insider traders aren't caught, it's because they failed to turn a profit. Look at the people being caught insider trading; they're rarely professionals. Because professionals know how hard it is relative to the gains. Instead, it's mostly numpties who heard about an acquisition from their spouse or whatever. With crypto, we have the tape. But linking the wallets to the numpties is hard. (Also fewer people care about the victims, let's be honest.) Imagine if this chain had real names attached to it. We'd have a predictable list of offenders to prosecute.