That *$$hole with the 10k coins again. Free markets, thats what happens. The attempts at panic sells are really getting old. Makes me irritable. Glad he will get bought out in one of his games and hopefully have to buy back in at a quick 50$ recovery, ie causes 5$ sink, community buys at once and makes him lose. HAHAHAHAH
Aw, UMAD?
Sorry to burst your bubble, but he knows exactly what the fuck he's doing, and he won't lose much if at all! And I promise that he has MUCH more than 10,000 coins.
When you guys ask "why would someone dump 10k at once, is he an idiot?", what you don't understand is that a few thousand coins is likely a small percentage of his holding. If a holder of 100k wants to get out slowly, it still might be in chunks of 5-10k just like the guy holding 100BTC "dumps" 10 or so at a time. When you have a LOT of coins, it is much harder to exit the market, making that 10k sell, pretty "slow". Be thankful that he doesn't dump 100,000 all at once. That would decimate this tiny market. He is giving you the chance to cut your losses rather than being financially devastated. Not that he gives a damn about your profits, but he does give a damn about his average price.
On the note of triggering panic. If he has the intention to buy back from the panic, he isn't going to take a huge risk to do it. IE, he won't get all out to make it happen. It will be well planned to incur the least amount of risk while inducing the most amount of movement, and let the market do most of the work.
When a well funded professional trader is part of a market where the average trader is an emotional, trigger-happy beginner, he won't make mistakes. He will win! Simple!
For the record, This was hardly a "great crash"
We
can go to <$50 too!
