Quote:
Originally Posted by HippoNipple
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Insider trading is due to information being utilized the general public doesn't know. If a currency is fixed it would be like someone doing inside trading with gold, it doesn't make sense.
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Perhaps insider trading was the wrong terminology to use. But, if a relatively few number of parties hold a very large percentage of bitcoin and they're in phase one of a pump & dump, then a lot of people are going to get run over. If there was CoT type report for identifying who holds significant amounts of BTC and it was found out some firms held over 20%, I think people would be a bit worried about the potential for manipulation.
If you have a small amount of powerful players who do this, and add in the fact that you have a lot of people who don't know shit about bitcoin except that "it's just going to keep going up" you have a perfect recipe for panic selling if there's a big enough drop in price. Some people who have held the coins for years already will probably weather a 50% drop in price if it rebounds fairly quickly. But if it doesn't jump right back up then I think there might be trouble.
If something like that does happen it would probably be a while. Bull markets tend to end when there is close to a bull sentiment consensus. Once you stop seeing BTC Apocalypse type articles and comments...that's when it might be time to sell.
11-27-2017, 09:56 AM
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