If there is a lot of shorting, couldn't there be a whale that has shorted the shit out of it and knows hes safe because hell dump a lot and cause a panic sell to make it plummet again and not only does he clean up with all the short positions, he rebuys coins at half the price he sold them earlier..
is this a possibility? or even a probability?
As someone smarter than us once said:
this is a simple business.
That should be illegal, lol, someone call the bitcoin police >: This is one of the few things that bitcoin has a problem with. there are a lot of people that can really shift the price of bitcoin, this will change with time, of course, when more coins are made and when the price gets up there, but they might get so rich, that it may not even matter, the price can be whatever, etc. Im hoping what I said isn't happening but im sure its happened or is happening.. even worse, an exchange could do this very very easily, not even use their coins, lol..
I remember a year and half ago or so Gavin said that there was going to be a big announcement in a few weeks in the end of summer 2012, he never said what it was but only that it would help stable the price of bitcoin. I dont think I ever saw the official announcement, i wonder if what he said was ever implemented? if he did, its not working, lol...
, im a true believer.
