It was over a week ago. I don't have pics. So I guess he could have sold it by now a little at a time. My point is that there are are people with massive holdings who could profit by crashing the price to buy back cheaper. The easiest way to get bitcoin is to already have a bunch and take advantage of a vulnerable market the way George Soros made a billion dollars in one day shorting the British Pound. There are sharks out there waiting for the signal from China to eat us alive. The question isn't up or down. The question is how much lower.
If I was an evil billionaire (possibly redundant term), I would buy hundreds of thousands of bitcoin off exchange from miners and flood the market, keeping prices low for months while I bought more coins from miners at the new lower price. People keep pointing out that fiat is infinite and bitcoin isn't. Rich guys can use time as a weapon against us. They can wait us out.
+1 A lot of what you say is very true.
This is why it is important to only invest what you are willing to lose and very importantly not depend on selling bitcoin to maintain your livelihood. If you rely on bitcoin monthly sales for food/rent or have so much invested that you "can't lose", then the large players will definitely eat you alive.
But if you only invest what you can walk away from, and don't need to sell BTC for any reason, then any attack by the big players is meaningless. You can just sit back and wait and wait and wait. And if the price goes stupid low, buy more. That's how to win the game.