Post
Topic
Board Speculation
Re: When will KncMiner dump their 7719 BTC at bitstamp?
by
arbitrage001
on 05/06/2015, 15:21:51 UTC
Why would they sell it ?

They sold about 6.5k btc through xbt provider last 14 business days(earning 1% yearly of adm fee)...

If they really want to sell they just need to do nothing next two weeks.

Exactly, use your head kwukduck.  KNC is gonna panic and dump 8000 coins on the market to crash the price??  Like above poster said, they can sell that through XBT provider with no effect on price.

So, unless they don't like money...

There isn't that much new fiat infusion to absorb 8000 coins being sold on the market without an effect on price.