If that was the first time you've seen someone make a big trade on info that is not yet public, then welcome to the crypto markets.
Common man !! If you know the release date and price can go up ( 100% ) why you should to dump your stake ? Always I supposed that crypto people have some level of intelligence !! I was wrong !
I agree that the 360k seller probably knew about the delay before the rest of market.
Crypto is one of the most free markets there is, so how would you prevent such trades from happening?
I don't understand your statement
1) You admit that there was some leaks information
2) In this case where is that free market? Free market it supposed to be fair for all of us.. thaaa
Nobody should know such information before others. It's unfair, wrong and bad!
Trying to regulate a market so that it is "fair for all of us" would actually be a socialist market.
A free market like crypto is one in which prices are determined by unrestricted competition.
"unrestricted competition" vs restricted competition
Let's say there are 10 BTC holders right? Each of them have some amount of BTC ( really doesnt matter how many)
The price of btc is $900 ( and in the next days there will be an big announcement, UE USA etc will regulate the market)
With two days before of announcement you got from inside (official source) the information that there will be no regulation)
In this cause the BTC price will crash, but you have an advantage ( you have the information)
You sell all of them!
After that comes the official statement " There will be no regulation"
Price crashes to $700 $600
You are happy because you are "smart" than others 9 ( they were f***ed up! )
This is "unrestricted competition" ? Are you for real?
Unrestricted competition it should be fair competition in which, everyone has equality of opportunity.
Do you know that this kind of acts are forbidden on Stock Exchanges ?
PS : I'm not leftist! (socialist)
I'm rightist.
