Roger Ver to dump his 250k worth of bitcoins

[expert4knowledge]

Basic tactic, he send his coins to a different address so people panic thinking he sent to an exchange address, so easy and fun to manipulate the mass when you are rich

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[OneNattyLitecoin]

Well if he dumped 25k BTC for BCH and sold, he made a killing. The BCH 24 hour volume is enough for him to double up or more on BTC. Sick money.

[acpr23]

to get a lot of bitcoin cash and to dump bitcoin price..

i dont get it. if roger ver is holding that much bitcoin. he will be the first person smiling if bitcoin price are high as ATH as always,
buy why is he risking all his bitcoin to promote bitcoin cash? is it greed? or pride? or that he is really trying to continue the real bitcoin with bitcoin cash.?

thoughts anyone..

ver's move only proves that money is the only thing a human person greedily wants, converting his btc to usd and buy cheap bch and pump and dump it huge quick profit for him pity for thoss who bought at hype

[SUDARMONO]

it's just a game of big investors to get even bigger profits, as if he's throwing away but in fact he gets more, and many people who do like that not only Roger van, that's the advantage of the investors or big investors, do something like that.

[Sachinist]

Why do people pay any attention to that numskull? He is the original and most self-serving, smarmy, whimsical, clueless FUDder. He doesn't give a rat's arse about a decentralized economy and all of his daft, slurred rhetoric on Bitcoin are hollow and downright ignorant. I bet hundreds, if not thousands, of idiots followed that shiller to BCH and got their fingers burned. They fully deserve that and much worse.

What disgusts me about cryptocurrency market is how dumb so many people are. If you just wanted to follow someone, why not just stick to following the government? Leave the crypto world to those who can think for themselves and understand true decentralized economy.

[jseverson]

What's your source on this? It seems like he has 25k Bitcoins, which is quite a massive amount. If he dumped that in one go, it will certainly move the market.

Does he really plan on going all-in on Bitcoin Cash though? It seems like an overly risky move. There haven't been any solid indicators that Bitcoin holders are likely to support Cash, so it may even be a stupid move. Either way, if he moves that amount of money from Bitcoin to Bitcoin Cash, it's certain to tip the scales quite a bit.

[Sithara007]

I am not sure whether he is serious about it or not. But why now? He should have dumped them a few weeks back, when the exchange rate of Bitcoin Cash was close to BTC0.05. Right now the exchange rates are going at BTC0.20 - BTC0.25. Anyway, if he dumps that many coins, then we can expect the exchange rates to dive below $4,000 per coin. And BCH market cap may overtake that of Bitcoin.

[4p0l4k4y]

I will google this information for further information. Well that would be his own business strategy to generate more income so technically he is willing to take his chances do doing such move.

[CobraJ]

What's your source on this? It seems like he has 25k Bitcoins, which is quite a massive amount. If he dumped that in one go, it will certainly move the market.

Does he really plan on going all-in on Bitcoin Cash though? It seems like an overly risky move. There haven't been any solid indicators that Bitcoin holders are likely to support Cash, so it may even be a stupid move. Either way, if he moves that amount of money from Bitcoin to Bitcoin Cash, it's certain to tip the scales quite a bit.

Bitcoin's circulating supply is 16,500,000; if he's got only 25,000 and he dumps them, that's shouldn't even justify a half percentage drop in price.
There's other ways he can make the price drop, and mostly around a combination of his mediatic power (bitcoin.com etc), connections (Korea..) and only at last brute purchasing power.

[pooya87]

it would have been better if you also included some sort of proof to what you said.

besides 250K is nothing in bitcoin market and even if he actually sold bitcoin that is what all the rest of the traders did! they sold their bitcoin as they speculated the drop or saw it after it started and then they all bought back in the dip. many below $6000 and selling 250K means you buy that much more at the bottom (~318K at the bottom).
also don't forget that he already has the same amount in bitcoin cash and he is not alone in pumping it.

[Kakmakr]

Just a little correction, it's not 250K worth of bitcoins. It is 24.9k bitcoins worth few hundred million USD. Below is the link of the transaction and the transaction is still unconfirmed.

https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ

If he dumps this many bitcoins, it will definitely have a negative impact on bitcoin price so even I am confused with his intention. I will keep watching his tweets and recent price trends to understand what it leads to but it makes no sense unless he wants to buy a new yacht and a private jet for himself.

No need to be confused. The 24.9k of BTC was meant to pump the Bitcoin Cash price. The BTC price will not feel any impact if someone dumps 25k onto the exchanges. We saw very little impact when Silkroad coins were dumped. <sold at auction> The real impact was targeted at the one exchange selling Bitcoin Cash.

It was also a show of commitment to his followers. If he sells his BTC and buy Bitcoin Cash, his followers/sheep will do the same and this will push up the Bitcoin Cash price. Once it goes up, he sells it again and he makes a massive profit.

[niisarearning]

Just a little correction, it's not 250K worth of bitcoins. It is 24.9k bitcoins worth few hundred million USD. Below is the link of the transaction and the transaction is still unconfirmed.

https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ

If he dumps this many bitcoins, it will definitely have a negative impact on bitcoin price so even I am confused with his intention. I will keep watching his tweets and recent price trends to understand what it leads to but it makes no sense unless he wants to buy a new yacht and a private jet for himself.

Oh man its really huge whats happening in community whales are playing big game we will be becoming small fishes for these whales they make the strategy we follow them now huge dump will be happen in bitcoin then these people will bag all bitcoin . Guys dont get into these trap be confident stay supportive to bitcoin . Lets not support these whales games.

[illinest]

it would have been better if you also included some sort of proof to what you said.

It was probably based on this, with an extra zero: Roger Ver just sent 25k btc to bitfinex. Or maybe the OP is speculating that there is more to come. If Roger Ver plans to keep liquidating BTC for BCH, then I'm sure he's got more than 25k. The blockchain analysis seems to check out.

besides 250K is nothing in bitcoin market and even if he actually sold bitcoin that is what all the rest of the traders did! they sold their bitcoin as they speculated the drop or saw it after it started and then they all bought back in the dip. many below $6000 and selling 250K means you buy that much more at the bottom (~318K at the bottom).
also don't forget that he already has the same amount in bitcoin cash and he is not alone in pumping it.

Yeah, the market has matured quite a lot in the past year or two, and it swallowed his dumps right up. Well-known former hedge fund manager Mike Novogratz reportedly bought $15-$20 million worth of BTC while Ver was trying to suppress the price over the weekend.

[mOgliE]

I guess that these are logics that we are far from understanding... Just because we don't have that much money, so we could not afford to lose such an amount...

But for some, few, lucky, people, this is just pocket money. So they can play with it, through long-term strategies... or lose all their bitcoin because they have seen another investment opprtunity!

I am not able to explain the "why". I don't think that we have to involve conspiracy theories to explain such behaviour... It is just that capitalism works differently according to your own balance sheet. And until you are rich enough, some strategies will definitely be ununderstandable!

[arorts]

Ok. So now that the price is much lower these days: was it caused by Rog Ver and team? Would his dump warrant prices this low (~$9K) or do you think it must have been someone else in addition to him?

Thoughts? 

[Scorpion]

He's free to do whatever he wants with his Bitcoin, it's one less whale with a lot of Bitcoin, so I am glad he's leaving Bitcoin and focusing on Bcash.

[KwatroQuantos]

Because he is dickhead,that is why he wants to manipulate the whole market by overthrowing bitcoin,to replace his shitcoins to be the worst thing that could happen because he can control the value of his shitcoin as he has most of its supply just like what XRP is! purely bullshit which is why we shouldnt be supporting his ass!

[arorts]

He's free to do whatever he wants with his Bitcoin, it's one less whale with a lot of Bitcoin, so I am glad he's leaving Bitcoin and focusing on Bcash.

I know. I just wanted to estimate the impact purely from a technical price standpoint to see if he should be over dumping based on his previously known btc stash or we should expect lower prices if he has more to dump. Same for Jihan since I know he's being supportive of Bcash.

[david roman]

If he dumps this many bitcoins, it will definitely have a negative impact on bitcoin price so even I am confused with his intention

[stayeduptolate]

to get a lot of bitcoin cash and to dump bitcoin price..

i dont get it. if roger ver is holding that much bitcoin. he will be the first person smiling if bitcoin price are high as ATH as always,
buy why is he risking all his bitcoin to promote bitcoin cash? is it greed? or pride? or that he is really trying to continue the real bitcoin with bitcoin cash.?

thoughts anyone..

if he could dump his that much of bitcoin and moreover in that time where the valuation is deflating then most probably, this is his greed or he could be in need of some money that he needs urgently otherwise selling bitcoins at very low rate is never justified because this is the time of holding of bitcoins. He could be dealing with some kind of stress that forced him to sell his bitcoin at the time when the valuation is very very low otherwise there will no such person who will bear such a huge amount of loss that he could dump his 250k worth of bitcoins.