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Topic: When will KncMiner dump their 7719 BTC at bitstamp? (Read 1046 times)

hero member
Activity: 635
Merit: 500
BlasterKVs the king of xbox modding
they will dump as soon as they see enough buy orders where they can dump their coins without massive price drops
legendary
Activity: 1067
Merit: 1000
Why would they sell it ?

They sold about 6.5k btc through xbt provider last 14 business days(earning 1% yearly of adm fee)...

If they really want to sell they just need to do nothing next two weeks.

Exactly, use your head kwukduck.  KNC is gonna panic and dump 8000 coins on the market to crash the price??  Like above poster said, they can sell that through XBT provider with no effect on price.

So, unless they don't like money...

There isn't that much new fiat infusion to absorb 8000 coins being sold on the market without an effect on price.
newbie
Activity: 41
Merit: 0
Why would they sell it ?

They sold about 6.5k btc through xbt provider last 14 business days(earning 1% yearly of adm fee)...

If they really want to sell they just need to do nothing next two weeks.

They sold 4.3k BTC. The number you quote is the trade volume, not the total notes outstanding, which actually decreased this week, meaning they were net buyers of BTC through XBT this week (as of close of business on Thursday)...

Right, so maybe they will sell everything next 3-4 weeks without going to exchanges...
sr. member
Activity: 481
Merit: 251
Why would they sell it ?

They sold about 6.5k btc through xbt provider last 14 business days(earning 1% yearly of adm fee)...

If they really want to sell they just need to do nothing next two weeks.

Exactly, use your head kwukduck.  KNC is gonna panic and dump 8000 coins on the market to crash the price??  Like above poster said, they can sell that through XBT provider with no effect on price.

So, unless they don't like money...
hero member
Activity: 798
Merit: 1000
Why would they sell it ?

They sold about 6.5k btc through xbt provider last 14 business days(earning 1% yearly of adm fee)...

If they really want to sell they just need to do nothing next two weeks.

They sold 4.3k BTC. The number you quote is the trade volume, not the total notes outstanding, which actually decreased this week, meaning they were net buyers of BTC through XBT this week (as of close of business on Thursday)...
newbie
Activity: 41
Merit: 0
Why would they sell it ?

They sold about 6.5k btc through xbt provider last 14 business days(earning 1% yearly of adm fee)...

If they really want to sell they just need to do nothing next two weeks.
legendary
Activity: 3248
Merit: 1070
they will keep dumping a small portion of it everytime, they don't want to put too much pressure on the market, not to mention that nearly 8k bitcoin, isn't an amount so great to worry about, even in the case that they will dump it in one time only
full member
Activity: 318
Merit: 100
The halfway point between kwukduk and inca is a golden medium. Says the one who likes kwukduk.
legendary
Activity: 1176
Merit: 1000
I'm guessing it's a matter of days, they aren't the only one who have been shifting massive amounts of btc to the exchanges, hence my prediction.

But you aren't very good at predicting bitcoin prices. You have been calling for a crash 'very soon' for months. You also sold your bitcoin at ten dollars before the price rallied to 1200 dollars.

For some reason the words 'contrarian indicator' come to mind!
legendary
Activity: 2730
Merit: 1288

They should do as soon as possible. To be ahead of the rest. If they will wait to long price will change and they will get much different amount on the exchange.
legendary
Activity: 1937
Merit: 1001
I'm guessing it's a matter of days, they aren't the only one who have been shifting massive amounts of btc to the exchanges, hence my prediction.
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