Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3206. (Read 9724017 times)

Even worse, maybe they were dumping their customers coins on other exchanges and buying them back lower before reopening their exchange.

New ver !!!

 https://darkcointalk.org/threads/0-11-0-darkcoin-core-release.3601/#post-36672

Price were crashing already before they were backup and running.

As good a theory as any.

For the 238th time, every idiot who keeps a balance on an exchange is contributing to the downfall of all cryptocurrencies, because the exchanges just short it all to oblivion or rig the markets at will so they can extract fiat from your increasingly worthless cryptobag.

Currently all the exchanges are just acting as central banks. We know out there in the real world how that works out, and who profits. Hint: not you.

Makes perfect sense. Thanks for sharing.

p.s. still does not explain the pre-"Bitstamp crisis" downward trend thou.

My conspiracy theory is Bitstamp needed to buy back the coins they lost to balance their books and the best way to do that was crashing the price.

The price on January 4th was around 285 USD  and they lost  ~18K BTC or ~5.1M USD at the time. They decided to cover the loss in BTC for their customers, they didn't have any option but to absorb the loss and respect the BTC balances of their customers in the exchange accounts.

But did they really had all those coins? Or were their books unbalanced and operating on fractional reserve, so that if everybody withdrew at the same time they wouldn't be able to honor all of the coins.  And even if they did, how to recover their losses?

Answer: crash the price. At the bottom of the crash on Bitstamp 152 USD, getting the 18K back was ~2.7M USD, that is almost half the amount of the original loss.  Obviously I am just speculating, but they definitely benefited from the crash, that conveniently happened right after they "lost" all those coins.

This unregulated market definitely needs a decentralized trust-less exchange, so we don't have to guess.

Interesting point of view SpreadLigh.

Oh, ok, thanks

Every 20 BTC I think it is you get a gong sound.

Thats an interesting one. Hadn't thought of it.

There is nothing paranoid or conspiracy about it. My main suspect would be Winklevoss twins are dumping their stash gradually and they are gonna buy back at the bottom right before they publicly make bitcoin available to stock traders. They already registered "COIN" ticker and I think they are close to a public announcement about their next move. Most probably the timing will be around early spring. That's when FED is expected to raise the interest rate. Higher interest rate will probably slow down the artificial (it is artificial because stock market boom is not complimented by the real economic growth. it is mainly companies buying their own stocks because credit is so cheap) price increase of Dow and S&P because it will be harder to find cheap cash to dump on stocks. When traders notice that the stock market's steam is running out, they will be desperate to look for alternative lucrative bubbles- that's when bitcoin should come to focus again. And that's when Winklevoss twins should be opening their arms to those traders.

But the reason why I think dump is not over is because herd usually buy at the top and sell at the bottom. And bitcoin bears have to push it even lower to create a major panic dumping. That's why I don't think we have seen a real panic yet. I still strongly believe that we might see a double digit price for bitcoin soon. But again, just like all of you guys, i also don't have a crystal ball.

@Pansyfaust hope that answers to your question as well.

What are the gongs?

Everybody saw what has been happening while Mintpal was operating. I'm sure they were involved in pumps. Big pumps. Before them there were others.
We don't know how many people were in those pump-groups, how many groups were there nor how many btc they gained. Could be 10s, 100s thousand. Who knows?

No reason for sub 100 or two digit area, too much buying pressure down the hundreds, speculation could drive it down to 120$ tho

Out of interest, who do you think the "bears' are ?

I thought this might be what was going on as well. I always suspected that the banking establishment would have hedged itself against rising cryptocurrency value (how could they afford not to) by making sure they accumulated enough of the Bitcoin coin supply to control the market in an emergency.

Such an emergency is possibly upon us with the combined effect of world stock markets stalling, collapse in oil price, general commodity collapse etc and also the potential imminent launch of the ETF.

Look at what they did to gold - they managed to keep the lid on the GLD market by naked shorting it with highly levered paper in the early hours of trading when volume was thin. If they hadn't done that the QE programme wouldn't have worked because the gold price would have skyrocketed indicating a collapsing currency.

Similarly I can't believe they haven't at least got contingency plans for scuttling a potential capital flight into crypto. It would have cost them peanuts to accumulate a significant portion of the bitcoin supply over the years.

The one thing in our favour though - unlike GLD - they *can* run out eventually.

(Just my conspiracy paranoia working overtime...seriously though...   )

Explain why sub $100 is your estimate?

not really, 99% of my investment is long. Just shorting with small amount for fun. But i just don't believe that bears would stop now because it would not have achieved their goal. They need to push for sub 100$s if they wanna get what they want.

Im sure all of us are not the only that would buy extra if it gets sub 100$, dont think so tho, 120$ support area is just too strong

Here's some background...http://www.zerohedge.com/news/2015-01-15/its-tsunami-swiss-franc-soars-most-ever-after-snb-abandons-eurchf-floor-macro-hedge-

I take it you have taken a short position to support your vision?