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I look at it and think its a con. Coincidentally after a several massive thefts, the price suddenly raises? sounds like deliberate manipulation to dump stolen c

by rjd 13y ago

I look at it and think its a con. Coincidentally after a several massive thefts, the price suddenly raises? sounds like deliberate manipulation to dump stolen coins to me. Wouldn't mind betting some syndicate took a huge upfront loss to drive up price, and are now recapitalising that loss with said stolen coins.

sliverstorm 13y ago
Can be explained as "no news is bad news", e.g. high profile thefts got BTC a spike in publicity. Up until this month, nobody but geeks knew what BTC was. Now I'm hearing philosophy & art majors talking about it.
- vezzy-fnord 13y ago
  Not really. Bitcoin got its first mass mainstream exposure around February of this year when it broke its peak from mid-2011, IIRC. Definitely before this month, however.
  - sliverstorm 13y ago
    That's true, but if memory serves that was a metaphorical 10th-page oped. The coverage we're seeing now, starting around the thefts, is 1st or 2nd page.