Quote from: cellard on April 09, 2017, 04:43:13 PM

Quote from: franky1 on April 09, 2017, 04:12:11 PM

Quote from: AngryDwarf on April 09, 2017, 03:57:43 PM

OP is referring to recent Litecoin pump and dump I think.

litecoin pump and dump..
who cares.

its temporary price drama.
plus

it was caused by twitter..
not asics or china or asicboost.

asics and asicboost has done nothing in the last 2 years
bu, classic, xt, and a dozen other implementations has dont nothing in the last 2 years

reddit and twitter "rumours" have been the attack, twisted as a victim card being waved at a situation that has never played out

Doesn't change the fact that that positive segwit news/rumors make the price go up and negative segwit news/rumors make the price go down.

When Charlie Lee confirmed that Wang would not stop signaling segwit, price went back again.

Now if Jihan confirms that he will drop that amount of hash rate against segwit, the price will go down too.

Rumors have to contain information and depending on what the rumor says market reacts.

TL;DR: segwit news/rumors make the price go up and negative segwit news/rumors make the price go down. This is a fact.

I am kind of questioning that. Why is it that they are working on making bitcoin fall down while the its price still went up.
Is this some kind of a strategy because they are really the one who benefits from it?
Imagine they have really a large amount of bitcoin and just want to create some news that will make people doubt it for the price to go down so they can buy again. What if they really are the panic sellers and cannot buy back because of the expensive price and no profit from it.
If I am a known man I would do that in case I sold at a wrong time. This aint new anymore. Just a strategy and they will say after all of this. "Oops! I didnt mean that!"
But with the increase perhaps the magic aint working.