How can these pirate stuff create such a volatility?
Because he used OUR 500k BTC to crash the market, so that he could cause a panic and buy back coins cheaper on the further down slide......
Thats pretty impressive. But, we are in an unregulated market where, as i understand it right now, everybody with this abilities could initiate huge pump and dump scenarios, what in the end is a liquidity problem due to the low market cap. I wonder right now but never really looked into it, how a investment like this where nobody knows where exactly the money comes from gets a license or whatever to trade officially or is it a bogus exchange?.
However, situations like this will either proof botcoin solidity or its failing but also scare normal people where one more time the shady image is confirmed.