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    Author Topic: Swedish ASIC miner company kncminer.com  (Read 3050098 times)
    dan99
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    July 04, 2013, 02:01:22 AM
     #3121

    Ya, they are selling without a doubt
    The evidence?
    Why would an investor drive the price down and not up?
    Because the investor wants or needs fiat.
    So why drive the price down, why not bargain for more fiat?

    The main people that tend to drive the price down, are brain dead  miners that think they mined their coin for next to nothing and any return is ok, or people trying to buy BTC at a lower price in anticipation of a rise. People who need fiat tend to make smarter smaller transactions not to rock the price.

    Or those wishing to manipulate the market by driving the price down by selling at a higher price, only to acquire a greater volume at a lower price. When you are powerful, and centralised enough, say for instance; if you possess 20-25% of the entire Bitcoin network you can openly practice price manipulation and arbitrage, and no one can do anything to prevent you...

    http://poseidon01.ssrn.com/delivery.php?ID=265092002101091123006084097109123111000052061006004009102124091103094031031117033107060055105085003027097079069107032093034006026102123018001111094124000091073077039071127114114020090003123098107&EXT=pdf

    Couldn't Agreed More: 1) He make money from selling his hardware and IPO 2) He mines and make money 3) He drive the price down and he buy backs to drive the price up. That is the power of the 25%
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