Post
Topic
Board Announcements (Altcoins)
Re: PROOF OF PRICE MANIPULATION AND COINS BOUGHT FROM MARKET
by
nimiqshitcoin
on 27/02/2019, 20:00:57 UTC
this is exactly the definition of price manipulation. when you buy your own company shares.

Wrong! Buying your own company shares is not price manipulation. It is called share repurchase or stock buyback and something totally usual in stock markets. Here is the definition of price manipulation from wikipedia including several examples. Again, stock buybacks is not on their list.

Oh and you know, NIM is not the company share of Nimiq Foundation. NIM is a currency and there is no relation between the price of NIM and the value of Nimiq Foundation. That is the same as if you claim that BoA does price manipulation when they use some of their USD to buy EUR to pay their employees in their eu branch, who for some reason prefer EUR over USD. Apparently Nimiq employees prefer NIM over USD (at least for 16% of their salary)....
No shit! THIS IS EXACTLY PRICE MANIPULATION. THEY BUY THEIR OWN COINS WITH ICO MONEY! IF THEY WOULDN'T BUY 50,000 USD THEIR OWN COIN EVERY MONTH, THE PRICE WOULD HAVE BEEN 0.

If they buy OTC you might not even see the results on the price. Also you don't know if they are buying (they might use team internal funds for that) or the price they are buying them. You have no idea what the price would be if this theoretical thing is happening or is not happening.

And you are still wrong, this is not price manipulation, at least not by any popular definition. What we are talking about is called demand (because we are talking about NIM they are buying to fulfill their duties) and demand is supposed to influence the market price...

Buying $50,000 a month of worthless coins is exactly PRICE MANIPULATION to INFLUENCE AND DECEIVE INVESTOR WHO BELIVES THAT THIS DEMAND IS ORGANIC, WHILE 90% OF THE DEMAND IS ARTIFICIALLY MADE BY THE SCAMIQ  TEAM.

regarding your question, I have lost tremendous amount of money. A lot of ICO investors are mad on your shitcoin. Most of them moved, but I didn't move, I stay her on bitcointalk exposing the scam behind NIMIQ

They just confirmed that the SCAMIQ TEAM IS MANIPULATING THE PRICE BY BUYING COINS FROM THE MARKET TO KEEP THE SCAM FROM ROLLING ON. THE BANKRUPTCY IS NEAR. IN JUST ONE YEAR THEY WASTED OVER 6 MILLION DOLLARS. NEXT YEAR, THEY WILL HAVE TO SHUT DOWN THE CARAVAN.