Quote from: PsylockReborn on June 09, 2018, 11:09:18 AM

Quote from: jamesashmore1964 on June 09, 2018, 08:54:14 AM

The Whales could possibly destroy BTC!

BTC Whales control one third of BTC

The Good news is the SEC are investigating Whales for market manipulation.

If the Justice department can link a whale to a futures position that was say SHORT and then find out the Whale dumped a mother load of BTC on the market it will be jail time for those involved.

The SEC are watching these Whales so they would want to be careful!

In my opinion the whales are running scared and that is why the market is in the doldrums.

ETH whales are also being watched carefully!

https://steemit.com/crypto/@greenlife500eu/bitcoin-whales-and-how-they-control-the-market

So if I'm one of the whales and I wanted to dump all of my BTC due to some financial reasons so I'll be imprisoned for withdrawing my very own investment? That sounds ridiculous though. I know it sounds unfair cos the value of btc will be affected for such actions but no one can dictate you what to do with all of your investments. I really don't know why they find it illegal, its just a strategy done in a timely manner.

I hope you do understand that just selling your coins is totally legal, what is illegal is market manipulation when you artificially inflating or deflating the price of a security, coin or whatever, basically misleading market for your personal gains.