Bitcoin Forum
May 14, 2024, 12:25:19 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Economically speaking, the current situation is:
just ok, bitcoin is strong - 42 (22.6%)
not good but everything will be fine - 104 (55.9%)
terrible, the end is near! - 40 (21.5%)
Total Voters: 186

Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: A cracker owning 850,000btc. How bad is that?  (Read 6858 times)
derpinheimer
Legendary
*
Offline Offline

Activity: 896
Merit: 1000


View Profile
March 02, 2014, 01:54:23 AM
 #81

Do you think a person who have such economic power wouldn't use that to manipulate the market for years?? think again...

if they've got that many coins why manipulate the market and risk decreasing their value? The only gameplan worth playing is the one where you just withdraw bitcoins. Anything else is just totally illogical. With 750k coins there is no point in trying to play games with the market and manipulate it. Sure you can cause some flash crashes but then what? That just creates more instability and you've not gained anything.

Anything else is just pure fantasy.

Nope.

If I had stolen 750K in Bitcoins, at was primarily interested in cash, I would of course have a pressing urge to enjoy the immediate benefits of cash richness, but unless I was stupid, I wouldn't dump so much that I destroyed the market which is to be my cash cow for the next 20 years or whatever. Nope. I would definitely let it grow before cashing in my next pay cheque.

If exchanges didnt require verification and you could just be anonymous, full on dumping would be the best choice. But since it isnt, then yes.. small dumps that suppress the market eternally are better.

1715646319
Hero Member
*
Offline Offline

Posts: 1715646319

View Profile Personal Message (Offline)

Ignore
1715646319
Reply with quote  #2

1715646319
Report to moderator
1715646319
Hero Member
*
Offline Offline

Posts: 1715646319

View Profile Personal Message (Offline)

Ignore
1715646319
Reply with quote  #2

1715646319
Report to moderator
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715646319
Hero Member
*
Offline Offline

Posts: 1715646319

View Profile Personal Message (Offline)

Ignore
1715646319
Reply with quote  #2

1715646319
Report to moderator
1715646319
Hero Member
*
Offline Offline

Posts: 1715646319

View Profile Personal Message (Offline)

Ignore
1715646319
Reply with quote  #2

1715646319
Report to moderator
1715646319
Hero Member
*
Offline Offline

Posts: 1715646319

View Profile Personal Message (Offline)

Ignore
1715646319
Reply with quote  #2

1715646319
Report to moderator
chesthing
Legendary
*
Offline Offline

Activity: 1414
Merit: 1000


View Profile
March 02, 2014, 05:54:04 AM
 #82

Who the fuck ur calling a cracker you racist fuck. Just because ur black or brown gives u no fucking right.

Bitcoin belongs to white people

Ahh geez, here we go

Oh geez, I hate when someone quotes those whom I have on ignore. The stupidity level jumps out of nowhere like that flash crash to $100 last month.
Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!