Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
jwinterm
on 27/03/2016, 01:05:42 UTC


What are you doing with your 440,000 aeon stash? Why are you not market making or pushing the market around in that smaller paddling pool?


I could do that.  It would be easy.  I could take that sum and bully down the bids mercilessly and put up bully walls to incite panic, and then buy back cheaper.  I estimate if I did it skillfully I could probably turn those 400k Aeon into 500k. 
...
Besides, I noticed upon looking at risto's 'bitcoin rich list' (https://bitcointalk.org/index.php?topic=321265.0) that no known holder of Bitcoin ever held more than 400k-ish of Bitcoin (aside from Satoshi himself).  Some of these people were legendary computer scientists and I feel that it would be foolish for me to ignore their historical precedent.  For some reason, of an asset with approximately 18 to 21 million total tokens, no single entity no matter how rich has ever publicly controlled greater than 400k. 
...

Not to be pedantic, but you don't "hold" or "control" anything if you leave your entire stash sitting on an exchange.