Post
Topic
Board Economics
Topic OP
Bitcoin: The Scamming
by
Evan
on 28/03/2013, 14:13:29 UTC
So here I am reading my Economics books... and its hits me...

How to double my lifesavings.....

1. Buy 10,000 BTC at $10-12 prices 6 months ago
2. Create many many many many Wallets
3. Sell BTC and ever higher rates using the exchanges to inflate BTC value
4. Wait for something major to happen that causes a finical panic
5. Once inflated to where ever I SELL.... (since in theory I am controlling the market)


@$100 USD I just Made my savings go from 100k to 10mil... all in the span of 3 months BTC trading(better then a Ponzi scheme)?

6. Rinse and repeat

Can anyone tell me how this might be stopped? If this theory might be correct? Better ways to pull it off?