Post
Topic
Board Altcoin Discussion
Re: litecoin dead ?
by
Lauda
on 10/11/2013, 19:17:27 UTC

I agree. How much BTC do you thing USA goverment owns?!

All from Dread, they took it from him. And they will dump it just to crush BTC

Except it simply won't work.  A few problems with your hypothesis:

1.  The FED's can't sell these coins until after trail, which could be a year or more.
2.  This assumes they would sell them on an exchange, as apposed to a public auction.
3.  People would welcome the dump and buy up cheap coins with joy.  Millionaires would be made off this single rebound.
Get a credit to buy up that dump > sell once price recovers > profit???  Cheesy