Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
coins101
on 18/03/2015, 22:24:14 UTC
BTC $248 on Bitfinex.

Someone is really dumping hard

People speculating on the potentially 130k bitcoins flooding the market from Evo.

This is pretty interesting point of view. I agree with the thrust of the argument.

-snip-

No, I think those hackers are going to get a shit ton of money out of their BTC's. I just don't think they are going to do it this, or the next week. I don't think they are ever going to use the exchanges for that money either. I think Evolution was a scam from the start, they came up with a scammers business plan, they worked on it, they collected the cash and they got out. I'm sure they planned for this and it does not involved "dumping on the exchanges". They are professional criminals who have financed their operation with criminal investment capital. They aren't stealing 100K BTC today for $30 million dollars. They are going to save that money till a)statute of limitations passes or b) it's worth $100 million, or $500 million or more and they will very slowly and calmly find a way to spend it. Or sell it off in bulk to some other criminal investor.

Running a dark market like Evolution is an enormously complicated, risky and dangerous endeavor. They people who aren't professional criminals, like DPR, get caught because the government simply has too many resources for non-professionals to get away with.

No, this Evolution money isn't hitting any exchange, anytime soon. And why would it? Why would these people, who just scammed people into letting them hold their money, give someone else all their money? They aren't stupid. They know most exchanges are risky-as-fuck. They aren't putting money that they earned by committing crimes worth life in prison into other exchanges run by criminals or idiots, or law abiding and AML checking accountants.

This is a a group of dumper whales that just wait for bad news (which always happens) seize upon the opportunity and move into action. We wouldn't really panic if the sale of all those bitcoin were for no particular reason, but link it with any media report and you've got a full-blown freakout.