Mike Hearns Bitcoin statements amount to price manipulation,

mayax

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Quote from: madonnino on January 15, 2016, 11:17:49 AM

surely someone for this event has earned / will earn 'a lot of money. the big boys are playing their game

CORRECT!

and who are the "big boys" ? The exchangers, of course.

Imagine that someone bought BTC at 450 USD with 1 MIL USD. That means aprox. 2.200 BTC.

Now, if the buyer wants to cashout, it will take 858,000 USD

1,000,000 - 858,000 = 142,000 USD in the exchanger's pocket

). Make this scenario at a big scale and you will see the profits

Yeah, yeah, many are still believing that the exchangers are only a middle man between buyers. Keep dreaming. LOL Grin

Blind Legs Parker

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Activity: 2016

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Quote

surely someone for this event has earned / will earn 'a lot of money. the big boys are playing their game

Anyone who adopted a bearish attitude the moment they saw the newspapers taking over Mike Hearn's blog post has profited, provided they're buying back now. I was about to do so when bitcoin was still around $415. Only reason I did not is because I'm too new to trading and I couldn't tell. So, just in case the fall was already over, I chose to HODL Grin

.
Now I'm sure the fall is pretty much over. And I don't have much fiat to hand at the moment. That's the sad thing.

bargainbin

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Quote from: Xsinx on January 15, 2016, 11:23:10 AM

Somebody will surely earn from this issue, a black propaganda against bitcoin community

Some men ...just want to watch the world burn.

franky1

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last chance to get coin below $400..
take this opportunity to stock up on the cheap..

dont complain later that you missed out

Xsinx

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Somebody will surely earn from this issue, a black propaganda against bitcoin community

madonnino

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I ❤ www.LuckyB.it!

surely someone for this event has earned / will earn 'a lot of money. the big boys are playing their game

Kprawn

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We have yet to see any proof that he sold any of his bitcoins, have you seen anything? He could be saying this, just to see what a impact this has on the price and then plan

for more events like this. He might not own anything and have sold it a long time ago... who would know. Mike have been playing this game for a long time and I struggle to put

it past him that he might be doing that. The truth is a funny thing, eventually it catch up to you. Wink

mayax

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Quote from: robelneo on January 15, 2016, 10:58:56 AM

Is he saying the truth or just harboring ill feeling this article somewhat brought down bitcoin price to below $400 hopefully it will not be lower than $350 every body is at a lost here because of this article some body with authority like him should counter his expose really feel sad and depressed reading his article especially when I saw the current price

it will go down more than that because the Cryptsy's effect is still in the incipient phase.

there are people who already lost ALOT in 12 hours. I am not talking about the ones with 10 BTC....

robelneo

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Enjoy 500% bonus + 70 FS

Is he saying the truth or just harboring ill feeling this article somewhat brought down bitcoin price to below $400 hopefully it will not be lower than $350 every body is at a lost here because of this article some body with authority like him should counter his expose really feel sad and depressed reading his article especially when I saw the current price

LiteCoinGuy

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In Satoshi I Trust

if anyone if changing his mind because of an ex google employee who wrote some code for bitcoin, he should leave bitcoin too Roll Eyes

bitcoin gives a fuck about Mike, Gavin, Maxwell (i respect all by the way) or any other dev. there are tons of other devs in the world who will take the place.

Denker

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Quote from: mayax on January 15, 2016, 08:57:48 AM

in the meantime. 1 BTC = 380 USD

huge loss for many people.

We're already back to $393.
In situations like this one you need to have a strong psyche!!
If your plan was to hold Bitcoin for a longer period of time this should not bother you.You just sit it out!Simple is that.

Paashaas

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Mike Hearns is a retard, he's geting paid to act like this. A dev from his position acts very unprofessional.

Mainstream reports; The death of Bitcoin, Sell everthing, It's over this time....etc etc.

It's all discusting and pathetic.

spazzdla

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I agree 100%, I think he is creating a buy chance for himself.

LFC_Bitcoin

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Quote from: Amph on January 15, 2016, 10:26:10 AM

Quote from: mayax on January 15, 2016, 08:57:48 AM

in the meantime. 1 BTC = 380 USD

huge loss for many people.

if they don't sell they ain't losing anything, but the panic hands is strong in their pocket, so i' sure some will sell and lose even if they bought at 400 or around that

@Amph - Exactly right.

HODLER - NOT AFFECTED.

Amph

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Quote from: mayax on January 15, 2016, 08:57:48 AM

in the meantime. 1 BTC = 380 USD

huge loss for many people.

if they don't sell they ain't losing anything, but the panic hands is strong in their pocket, so i'm sure some will sell and lose even if they bought at 400 or around that

BellaBitBit

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Quote from: Bitcoinpro on January 15, 2016, 03:55:39 AM

Really not seeing what he means, and to have it as part of a Newyork Times article

Bitcoin is to restore faith in Humanity so wow his Shaken humanity is shaking even more,

these kinds of statements in the article are those of someone who has heavily

vested interests and its even proven by his employment which remains in the

Bitcoin industry,

FUD RATING 10/10

totally interesting how he gets a NYTimes story for his rant. This morning mainstream media is all over it. Also interesting that this all comes within 48 hours of Paypal brining aboard the Xapo guy. Someone, something, some organization, wanted this to happen. Doesn't matter, Bitcoin has been through worse.

mayax

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in the meantime. 1 BTC = 380 USD

huge loss for many people.

Karartma1

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Quote

Whole new schools of painting seem to charge through the art scene with the speed of an express train, causing Pop Artist Andy Warhol to predict the day “when everyone will be famous for 15 minutes.”

Let's give him 15 minutes of fame, that's a right even Justin Bieber has had.

mayax

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there are many real things. He is saying the truth, in fact

there is price manipulation, the BTC media is owned by the same investors who own the big exchangers and so on...

" Bitcoin has no future whilst it’s controlled by fewer than 10 people"....and many others.

Quantus

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