Topic: Conspiracy theory: mega pump and dump operation during SHS hearings... (Read 2518 times)

IMO the FBI is too slow to catch this upcoming crash, so they'll have to wait for next year.

Because...

The real DPR has already pled guilty.  No need to wait for a trial for that other guy.  He's just an actor.

They seem to be following the gameplan I laid out a while back.  It's been fairly accurate, if I do say so myself.

Most of the steps of the plan are fairly easy to recognize.  Step 4 has been confirmed:


Have they finished with step 7 yet?


Yifu seems to have been turned, and now wants to help build whitelists.  Didn't see that one coming, but there it is.

Only a few steps remain.

In the hearings, the FED chairman seems to be angling for the power to regulate Bitcoin.  That's not a surprise.  He's wanted the power to regulate everything remotely resembling competition to the dollar for a few years now.

I imagine what happens next is that eventually the FBI announces that DPR has pled guilty, that Bitcoin can be policed for criminals.  They dump their coins, crash the market, and then the pressure is on Rand Paul and the Banking Committee to grant Ben Bernanke the power to "help stabilize" Bitcoin.  Maybe not tomorrow.  But soon.  It'll be widows and orphans testifying that they lost their rent money investing in "free market" currency.  Rand will tell them he wishes they could have invested in gold-backed treasury bonds instead.  Ben Bernanke will lament the fact that there's "not enough gold" to go around.  Rand's investments will get a small boost, and he'll ultimately relent to helping the FED destroy Bitcoin.  FIN.

I think the Chinese government does want to see a transition to a new world currency. They even stated that a few weeks ago.
http://abcnews.go.com/Business/story?id=7168919

Although China is opaque, and so its hard to know for sure, the buys there seem to be made by middle class citizens and not the government. These people (40% women) are reportedly saving them for a "long" investment.

I'm no China expert, but it sure looks like bitcoin would be good for their economy.

Your right, but China govt does not care about Bitcoin now, Bitcoin is far from thread to any currency now.
It is real China people who putting money to Bitcoin, no govt

The Chinese citizens have a ton of money and nowhere to invest it.  They build cities full of empty apartment buildings and malls that nobody will ever use just to invest their money.  Bitcoin is now accepted by the government because the money's not going to a foreign country (especially USA).

When did I make that assumption?

The stupid assumption you made is that... Btc compete with USD currency.

Why ppl are still making this stupid assumption? that bitcoin's success will doom the USD currency?



 

We're talking about the Chinese govt, not the people. Not sure why everyone thinks China would support BTC. They manipulate everything in their economy and you think they'd like having some sovereign/autonomous currency that their citizens can opt to use over their national currency? And China has a huge position in USD, they do not want to see it go down.

Doesn't seem logical to me. Who would spend millions of dollars to inflate the price of bitcoin, then throw it all away in the hope that maybe it will go back down when they sell?

The banks? No. Can you imagine what investors would say if they found the bank doing that with their money?

China? China wants to see a move away from the dollar. Bitcoin's success is in their interest. A crash may hurt Chinese bitcoin peers more than anyone else. They paid the most for their coins and they are the biggest consumers of BTC. 

I think at that point it becomes irrelevant? I don't think it matters that Madoff got $X amount of money.

I understand that, but the fact that somebody at some point in time paid that much would remain standing. Look at the press from $266 'bubble'. Highs are important, too, they give an upper bound for valuation.

To have you americans grabbed by the balls. If you can't pay, China owns you. Welcome your new overlords, 'muricans.
We already welcomed them here in Portugal

It's probably a mega pump and dump. Some of us could benefit though from guessing the right timing. I'm calling $750 before the end of the week, then a correction to $300 over the weekend.

Based on nothing remotely technical, lol.

I think he meant it'll be dumped, as well. The subsequent ridicule of something going from $150 to $1000 then down to those same levels or lower... their point about "funny money" would be made with ease.

that was a reply to OP. pumping price of funny money is not the best way to make it look funnier.

Maybe the Chinese traders, favoured by having no fees on BTCChina, are trying to outsmart the market and perform the pump and dump en masse...

What's that supposed to mean?

"Hey look people pay 1 grand for the funny money"? I don't think it's very convincing.

Maybe no pull back and 1 to 1 ratio with gold and then double from there because bitcoins are alot easier to transfer.

They do? They hold a lot of our debt and we buy a shit ton of their exports, why would they want to destroy our currency? China would not support anything they can't control, that's just my opinion.