BTC Hedge Funds

[datz]

If I ever get involved in BTC heavily, I hope to create a BTC Hedge fund. With enough members and cumulative BTC, individual Hedge funds can easily manipulate the market using a number of techniques. I would not be surprised if such funds already exist here. In an emerging, relatively low-volume market, preying on fear and greed is easy. I saw a simple 17,000 cumulative block of sales drop the BTC ten points relative to the dollar. A simple sell, wait for fear reaction cascade, rebuy would net thousands. Easy pickings.

[bitcoinaddict]

Welcome to the bitcoin community!  I'm sure you will be well respected with plans like those.

[Alik]

Bernie Mahdoff is probably trading bitcoins in jail.

[Tun84]

Perhaps.  I think many in the community though would see through this move.  They would buy heavily into the panic selling along with you and thereby decrease the profits of your scheme.  You could do this for a time but not forever.  You would be putting up the risk by initiating the panic with a large sell and you have to buy those back cheaper.  If too many see the opportunity and and ride your coat tails it may make such behavior ineffective.