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Author Topic: Insider buying  (Read 2608 times)
wachtwoord
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June 15, 2014, 08:00:37 PM
 #21

The funny thing is that insder trading in stocks are based on inside information of the organization, with bitcoin there is no business centralized to bitcoin.

What inside info would you have on the bitcoin network?

The inside information is regarding news related to Bitcoin in some way.

For example if you knew that GOX was about to suspend withdrawals then you would sell BTC on BTC-e knowing the price is going to go down in the near future.

That's outside information (not inside).
keithers
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June 16, 2014, 01:15:22 AM
 #22

The funny thing is that insder trading in stocks are based on inside information of the organization, with bitcoin there is no business centralized to bitcoin.

What inside info would you have on the bitcoin network?

You can know inside info of when big holders are going to sell off a large portion of holdings obviously
byronbb
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June 16, 2014, 01:25:21 AM
 #23

How much prenews buying or selling do you think goes on in bitcoin trading?

Has there ever been any obvious dumps or pumps prior to major announcements?

The weekend before the US Congress was to converse (in a positive way it turned out) on Bitcoin there was a big rally. 

ShakyhandsBTCer
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June 16, 2014, 03:13:16 AM
 #24

The funny thing is that insder trading in stocks are based on inside information of the organization, with bitcoin there is no business centralized to bitcoin.

What inside info would you have on the bitcoin network?

The inside information is regarding news related to Bitcoin in some way.

For example if you knew that GOX was about to suspend withdrawals then you would sell BTC on BTC-e knowing the price is going to go down in the near future.

That's outside information (not inside).

LOL

Inside information is usually defined by information that is not public that would cause the price of the underlying security to move up or down in the near future.

Kinda like how when someone is going to purchase another company, if you know ahead of time this is "inside" information, even though an "outside" company is purchasing the company
Marlo Stanfield (OP)
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June 16, 2014, 05:05:43 AM
 #25

The funny thing is that insder trading in stocks are based on inside information of the organization, with bitcoin there is no business centralized to bitcoin.

What inside info would you have on the bitcoin network?

The inside information is regarding news related to Bitcoin in some way.

For example if you knew that GOX was about to suspend withdrawals then you would sell BTC on BTC-e knowing the price is going to go down in the near future.

That's outside information (not inside).

LOL

Inside information is usually defined by information that is not public that would cause the price of the underlying security to move up or down in the near future.

Kinda like how when someone is going to purchase another company, if you know ahead of time this is "inside" information, even though an "outside" company is purchasing the company

Yeah, that's what I'm meaning here. Just the general idea of having access to information that hasn't been made public and has a good chance of affecting the price of bitcoin.
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