Post
Topic
Board Bitcoin Discussion
Re: Central Banks could EASILY destroy Bitcoin (if they want)
by
ouwe
on 10/01/2014, 19:08:55 UTC
"WHAT IS THE MATTER WITH YOU??? HOW IN THE NAME OF CHRIST CAN YOU BUY $40 Billion of bitcoins at $900 each??? Hahahhaaaaa you are hilarious. I don't know if you are just trolling or you really have no idea that there are buy and sell orders for limited amounts of bitcoins on the exchanges. I would guess trolling..."

:-) I did not say that they would buy 40 bln in one time.
They could buy slow in low volumes and then dump it all at once.
Again and again.
Each time causing a small crash.
This is how you could manipulate a price in all kind of markets.

** I am long on BTC, but wanted to check / discuss this scenario **


 "The Hunt brothers famously bankrupted themselves trying to corner the silver market¨ ...(s.n.)

change huntbrothers for :fed,   and fill in bitcoin for: silver....what do you read now? Wink