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Anonymous trader buys $400 million in bitcoin

 
RandomS
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User ID: 75903425
Canada
02/17/2018 08:16 PM
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Anonymous trader buys $400 million in bitcoin
In case you still think there's no future in this..


Anonymous trader buys $400 million in bitcoin
Published: Feb 16

Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin.

The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned
.

[link to www.marketwatch.com (secure)]

mash-cheers5

Last Edited by RandomS on 02/17/2018 08:16 PM
LTC: Li9AgUVbapPLuqncJaRC5wDQ7HNg69rjkH
Anonymous Coward
User ID: 74053245
United States
02/17/2018 08:25 PM
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Re: Anonymous trader buys $400 million in bitcoin
Yep. Major move.

Time for FOMO
ReoX

User ID: 76264813
Malaysia
02/17/2018 08:28 PM

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Re: Anonymous trader buys $400 million in bitcoin
That trader is just trying to make a quick profit. It will drop down pretty soon.
RandomS  (OP)

User ID: 75903425
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02/17/2018 08:30 PM
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Re: Anonymous trader buys $400 million in bitcoin
That trader is just trying to make a quick profit. It will drop down pretty soon.
 Quoting: ReoX


It's not so easy making a quick profit with large sums, I can see.. it would be a lot of work splitting that around in manageable order amounts, without killing the market with your super-massive orders!

Last Edited by RandomS on 02/17/2018 08:31 PM
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Anonymous Coward
User ID: 76248687
United States
02/17/2018 08:33 PM
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Re: Anonymous trader buys $400 million in bitcoin
Yeah, I did. So you got a problem with that ?
Anonymous Coward
User ID: 74504332
United States
02/17/2018 08:37 PM
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Re: Anonymous trader buys $400 million in bitcoin
Is it safe to say trump might have his fucking hand in this?
Anonymous Coward
User ID: 76260424
United Kingdom
02/17/2018 08:38 PM
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Re: Anonymous trader buys $400 million in bitcoin
tee hee
Anonymous Coward
User ID: 76248687
United States
02/17/2018 08:39 PM
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Re: Anonymous trader buys $400 million in bitcoin
Is it safe to say trump might have his fucking hand in this?
 Quoting: Anonymous Coward 74504332

No, it would be a totally stupid thing to say.
Anonymous Coward
User ID: 74504332
United States
02/17/2018 08:43 PM
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Re: Anonymous trader buys $400 million in bitcoin
Is it safe to say trump might have his fucking hand in this?
 Quoting: Anonymous Coward 74504332

No, it would be a totally stupid thing to say.
 Quoting: Anonymous Coward 76248687


It takes balls to make moves like this.

If I just came up on $400 Billion I'd do the same shit.

But don't expect it to shake it around too quickly, although it may have made a dent somewhere down the road. It'll show for sure.
Anonymous Coward
User ID: 27972385
United States
02/17/2018 08:43 PM
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Re: Anonymous trader buys $400 million in bitcoin
Another hedge fund disaster....hahahaha

Pump and dump.
Anonymous Coward
User ID: 65918617
Ireland
02/17/2018 08:46 PM
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Re: Anonymous trader buys $400 million in bitcoin
Yeah so we should buy some....
Anonymous Coward
User ID: 74504332
United States
02/17/2018 08:59 PM
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Re: Anonymous trader buys $400 million in bitcoin
Another hedge fund disaster....hahahaha

Pump and dump.
 Quoting: Anonymous Coward 27972385


I'm jealous.

Let it sit.
Anonymous Coward
User ID: 73404454
United States
02/17/2018 09:03 PM
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Re: Anonymous trader buys $400 million in bitcoin
japan
RandomS  (OP)

User ID: 75903425
Canada
02/17/2018 09:13 PM
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Re: Anonymous trader buys $400 million in bitcoin
Another hedge fund disaster....hahahaha

Pump and dump.
 Quoting: Anonymous Coward 27972385


USA is crackin down on that sort of thing, offering cash rewards to catch and convict pump and dumpers on account of it being against the law, so a hedge fund is not going to do that, or they risk losing everything eh!

Last Edited by RandomS on 02/17/2018 09:13 PM
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Steffenfield

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02/17/2018 09:17 PM
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Re: Anonymous trader buys $400 million in bitcoin
Wouldn't a purchase of that amount immediate lower the total value of BitCoin?

Seems really risky, but then again, I never did understand how this currency really works.
Anonymous Coward
User ID: 76265026
United States
02/17/2018 09:20 PM
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Re: Anonymous trader buys $400 million in bitcoin
Another hedge fund disaster....hahahaha

Pump and dump.
 Quoting: Anonymous Coward 27972385


USA is crackin down on that sort of thing, offering cash rewards to catch and convict pump and dumpers on account of it being against the law, so a hedge fund is not going to do that, or they risk losing everything eh!
 Quoting: RandomS


Pump and dump is not against the law it's just an immoral practice, you can't legislate morality in a free country, cavet emptor or somethin
Anonymous Coward
User ID: 74057763
Canada
02/17/2018 09:20 PM
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Re: Anonymous trader buys $400 million in bitcoin
Could've had TWICE the investment for the same 400 mil earlier this year.

What a dumbass!
Anonymous Coward
User ID: 75444118
United States
02/17/2018 09:21 PM
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Re: Anonymous trader buys $400 million in bitcoin
That trader is just trying to make a quick profit. It will drop down pretty soon.
 Quoting: ReoX


U moron it will be 15k Monday


U missed it again
Anonymous Coward
User ID: 73550757
United States
02/17/2018 09:29 PM
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Re: Anonymous trader buys $400 million in bitcoin
Soros would use it to pay his rioting rebels for their destruction of civilization.
anonymous kiwi
User ID: 58781640
New Zealand
02/17/2018 10:17 PM
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Re: Anonymous trader buys $400 million in bitcoin
one Winklevoss brother buying of his twin
RandomS  (OP)

User ID: 75903425
Canada
02/17/2018 10:22 PM
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Re: Anonymous trader buys $400 million in bitcoin
Another hedge fund disaster....hahahaha

Pump and dump.
 Quoting: Anonymous Coward 27972385


USA is crackin down on that sort of thing, offering cash rewards to catch and convict pump and dumpers on account of it being against the law, so a hedge fund is not going to do that, or they risk losing everything eh!
 Quoting: RandomS


Pump and dump is not against the law it's just an immoral practice, you can't legislate morality in a free country, cavet emptor or somethin
 Quoting: Anonymous Coward 76265026


Nope, wrong..

Pump and Dump is an old, and very illegal, concept:

"Pump and dump" (P&D) is a form of securities fraud [link to en.wikipedia.org (secure)]


The CFTC maintains general anti-fraud and manipulation enforcement authority over virtual currency
cash markets
as a commodity in interstate commerce. In addition, some of the coin exchanges
are taking measures to identify and block accounts that participate in pump-and-dump activities.



Blow the whistle on
pump-and-dump schemers
Virtual currency and digital token pumpand-dump
schemes continue because
they are mostly anonymous.
If you have original information that
leads to a successful enforcement
action that leads to monetary sanctions
of $1 million or more, you could be
eligible for a monetary award of
between 10 percent and 30 percent.
For more information, or to submit a tip,
visit the CFTC’s whistleblower.gov
website


[link to www.cftc.gov]

The moral.. don't do it. Unless, of course, you want to. In which case you might reap what you sow

Last Edited by RandomS on 02/17/2018 10:30 PM
LTC: Li9AgUVbapPLuqncJaRC5wDQ7HNg69rjkH
Mukk1234

User ID: 74421942
United States
02/17/2018 10:39 PM

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Re: Anonymous trader buys $400 million in bitcoin
:oh boy on barrel:
Anonymous Coward
User ID: 76103355
Denmark
02/17/2018 10:42 PM
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Re: Anonymous trader buys $400 million in bitcoin
Another hedge fund disaster....hahahaha

Pump and dump.
 Quoting: Anonymous Coward 27972385


The account already had 56,000+ coins this brought it over 96,000+

Hedge fund for sure
Anonymous Coward
User ID: 76103355
Denmark
02/17/2018 10:44 PM
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Re: Anonymous trader buys $400 million in bitcoin
Another hedge fund disaster....hahahaha

Pump and dump.
 Quoting: Anonymous Coward 27972385


The account already had 56,000+ coins this brought it over 96,000+

Hedge fund for sure
 Quoting: Anonymous Coward 76103355


4 mill in a 503.24billion market is like spending a 100 bucks makes very little impact
Anonymous Coward
User ID: 76195662
Canada
02/17/2018 10:46 PM
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Re: Anonymous trader buys $400 million in bitcoin
John McCafee doesn't want to eat his dick lol.. He risked his entire fortune..
Sikhed

User ID: 5898996
United States
02/17/2018 10:52 PM
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Re: Anonymous trader buys $400 million in bitcoin
John McCafee doesn't want to eat his dick lol.. He risked his entire fortune..
 Quoting: Anonymous Coward 76195662


bigcruise
:doom360:
RandomS  (OP)

User ID: 75903425
Canada
02/17/2018 11:07 PM
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Re: Anonymous trader buys $400 million in bitcoin
John McCafee doesn't want to eat his dick lol.. He risked his entire fortune..
 Quoting: Anonymous Coward 76195662


Haaa yea, I didn't know wtf all that was about but I saw his posts on twitter recently, apologizing for being a douche lol
LTC: Li9AgUVbapPLuqncJaRC5wDQ7HNg69rjkH
Anonymous Coward
User ID: 71088974
United States
02/17/2018 11:16 PM
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Re: Anonymous trader buys $400 million in bitcoin
Aren't all bitcoin transactions anonymous? Kind of a dumbass move to have that in your title.
Anonymous Coward
User ID: 71591743
Bulgaria
02/17/2018 11:23 PM
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Re: Anonymous trader buys $400 million in bitcoin
That trader is just trying to make a quick profit. It will drop down pretty soon.
 Quoting: ReoX


U moron it will be 15k Monday


U missed it again
 Quoting: Anonymous Coward 75444118


no problem it wil crash again. plenty of opportunities to waste your money.
calidraught

User ID: 75376695
United States
02/17/2018 11:24 PM
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Re: Anonymous trader buys $400 million in bitcoin
Wouldn't a purchase of that amount immediate lower the total value of BitCoin?

Seems really risky, but then again, I never did understand how this currency really works.
 Quoting: Steffenfield


Opposite of what you think is happening.
Anonymous Coward
User ID: 75716984
United States
02/17/2018 11:24 PM
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Re: Anonymous trader buys $400 million in bitcoin
Yep. Major move.

Time for FOMO
 Quoting: Anonymous Coward 74053245


does anyone know what "FOMO" stands for?





GLP