Quote from: Wandererfromthenorth on March 25, 2015, 03:31:15 PM

Quote from: Spaceman_Spiff on March 25, 2015, 03:23:44 PM

Quote from: Wandererfromthenorth on March 25, 2015, 02:09:31 PM

2: Wire $20M-$50M on various bitcoin exchanges and short it down to single digits and beyond in one go totally destroying confidence.
Currently there are around $15M in bids (lol) on all major exchanges combined and plenty of longs that can be completely margin called ($23M+ on bitfinex alone for example), it should be fairly easy.
Not only $20M-$50M is nothing for them if they are inclined in "killing" BTC, they would also make a very good profit on top of it.

yeah, if ever something like that were to occur, BTC would be finished for sure... Roll Eyes

Inb4 "This Time is Different^TM "

Are you serious?

So you think that crashing from $0.06 to $0.01 in the early days (for just a few moments) when BTC was traded by a handful of people at mtgox with a few k of trading volume and crashing to say single digits now after having reached $1200 and having stayed in triple digit range for more than a year are pretty much the same thing?

Are you for real

Because yeah, if somebody uses $20M to short BTC to single digits in a few weeks/months and keeping it there for a decent amount of time, confidence is not killed. Bitcoin eventually recovers and everything is just fine.
Sure Roll Eyes

God you people are predictable.