Topic: BTCST market manipulation - page 2. (Read 2202 times)
Seems like that is a good guess based on the log of #bitcon irc chat
There was an interesting discussion taking place on #bitcoin about the recent market movements and I'm curious what people make of it.
I think what we're going to see this weekend (which has already begun) is a calculated effort by pirateat40 to execute a bear raid on the exchanges in order to make his investors whole. He has the volume capable of making this happen and panic sellers will hand him the deals he needs to become solvent. I predict a few more major sell-offs over the course of the evening/weekend to induce panic and build up the asks on the order books. From there, panic sales will lead him to victory.
If I'm in the ballpark of correct, there are two ways this ends:
1) Pirate succeeds and pirate payday becomes one of the biggest days in the history of bitcoin. Panic sellers lose their shirts.
2) People hold their coins or prop up the price so he can't buy the discount coins needed to become solvent. BTCST investors lose their shirts.
How far off am I?
I think what we're going to see this weekend (which has already begun) is a calculated effort by pirateat40 to execute a bear raid on the exchanges in order to make his investors whole. He has the volume capable of making this happen and panic sellers will hand him the deals he needs to become solvent. I predict a few more major sell-offs over the course of the evening/weekend to induce panic and build up the asks on the order books. From there, panic sales will lead him to victory.
If I'm in the ballpark of correct, there are two ways this ends:
1) Pirate succeeds and pirate payday becomes one of the biggest days in the history of bitcoin. Panic sellers lose their shirts.
2) People hold their coins or prop up the price so he can't buy the discount coins needed to become solvent. BTCST investors lose their shirts.
How far off am I?
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