I've asked before, but perhaps someone can actually answer this simply:
1A) "The Black Hand" or devs/foundation whatever... have millions of secret BC holdings but are manipulating the price down.
Is this so they can have less money cashing it out?
-or-
1B) The same people are using their BC to force the price down so that they can accumulate even more BC.
If this is the foundation and the devs, isn't that even more reason to buy - i.e. isn't that more reason to believe they will manipulate the price upwards again once the accumulation is completed?
2) Donations of a few thousand BC were donated for the WS Event. IE has 2M (or whatever is left) to cash out, presumedly with some of that being into fiat. The current price of BC is much less, therefore the same amount of BC is less than the fiat that was cashed out at the time.
Wouldn't it just be easier to simply use a tiny fraction (like 3% max) of the BC he already wants to 'divest' to reimburse directly those that want refunds?
Just looking for some logic here. I realize that some donations were probably made in BTC/LTC due to people desiring to reduce the impact on BC from exchanging the donation. However, I'm sure most (if not all) of those people would rather get a refund in BC - even if it represented less at current rates, rather than get nothing at all.
I've had a rough couple days at work, and I'm short sleep - so it's possible I've missed something that logically explains both of these situations, but I'm coming up empty myself.
1.- OK, you are not looking for answers, as we all know. You have been told, quite clearly, what is The Black Hand and who is behind it, so it isn't "whatever", it is quite specific. If in doubt, look above. Very, very specific.
2.- It is or was IE's theory that the price was being manipulated "down". I have always stated that The Doge and StGNU, who got at least 25 million coins in the very first days of mining, have been selling those coins from the get go. At all price levels, therefore keeping the price down. The selling, obviously, was much harsher on the ramp and during the brief 95k top, but their selling has not ceased, it is currently happening and in my estimations they still have 10 million or more coins to unload. Price will be pushed down accordingly. That's not the manipulation, ok? That's they cashing out, plain an simple. To the tune of millions (plural) of dollars.
3.- La Mano Nera is Morituri13/dognip. Admitted by him publicly. Now, mind you, both The Doge and StGNU are also BlackHand, as is Rat4. So you have 4 names there, clear, specific ones. Their game is different (or was). They bought in, massively, very early on. They cashed that investment massively on the ramp and at the height of the pump -one of at least 5 orchestrated by them. The locked in profits on every one of those orchestrated P&Ds. Big time. And their plan is continuing to do so. They don't have any more cheap coins, so for them it is actually good that the price gets down... for they know both when TheDoge and StGNU dump their regularly schedule coins, the amounts and, also, the time when the Multipool buy BC. So they buy when the two Joe Sixpacks sell, thus bringing the price down, and sell when the Multipool buys in a significant manner, hence bringing the price up. Very simple, very secure. The level of the price really doesn't affect them that much, you see? they buy at what they know FOR SURE, is the bottom and sell significantly higher. Again and again and again. The price of the coin, logically, reflects these manipulations so the trend will always be going lower because they are sucking the money out of the market, both through the selling of The Doge and StGNU and through the buying at the bottom, selling for profit of The Black Hand.
Understand now the forces at play? quite simple, really.
The other situation has been explained by IE numerous times. It's the actual impossibility of returning to the exchange wallets of a lot of people who sent minimal amounts. And the work implied. But yes, he was obviously quite smart in converting to fiat what now will buy almost double the amount of BC that when it was donated. Not only the money is there and safe, it is available for whatever the community decides. In my opinion, he's going to have to do the work of returning it one by one to those who want it, a terrible amount of idiotic work -and only to still be labelled scammer by the likes of... well you-, but that's the nature of the part he chose for himself.
If it was me, I would probably give the money to charity and deal with it fully knowing its by far the best use of it, but obviously he has his own plans. Like I said to him before, it is a no-win situation, no matter what he chooses to do.
I know this is like speaking to a wall, but, obviously, my explanations are not directed at you.
Rest nicely though
