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Author Topic: Mike Hearns Bitcoin statements amount to price manipulation,  (Read 1270 times)
mayax
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January 15, 2016, 04:32:30 PM
 #21

surely someone for this event has earned / will earn 'a lot of money. the big boys are  playing their game

CORRECT! Smiley

and who are the "big boys" ? The exchangers, of course.

Imagine that someone bought  BTC at 450 USD with 1 MIL USD. That means aprox. 2.200 BTC.

Now, if the buyer wants to cashout, it will take  858,000 USD

1,000,000 - 858,000 = 142,000 USD in the exchanger's pocket Smiley). Make this scenario at a big scale and you will see the profits Smiley

  Yeah, yeah, many are still believing that the exchangers are only a middle man between buyers. Keep dreaming.  LOL   Grin Grin

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