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Some anonymous trader just bought $400 million worth of bitcoin
Old 02-17-2018, 11:30 AM   #1
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Some anonymous trader just bought $400 million worth of bitcoin

https://www.investopedia.com/news/an...llion-bitcoin/
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Old 02-17-2018, 11:42 AM   #2
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Good luck to Mr/Mrs Anonymous! Better her/him than me.
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Old 02-17-2018, 12:00 PM   #3
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Probably some hedge fund guy gambling with other people's money. Heads he wins, tails they lose.
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Old 02-17-2018, 12:16 PM   #4
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Or it could be a state actor. Similar to the hedge fund fat-cat...using someone else's money, in this case, the tax payer's money.

I figure there are plenty of rich countries out there that would love to torpedo bitcoin. If they wait for the right movement and sell strong into a down draft, the price will tank and the excess volatility will keep "honest" people from adopting it.
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Old 02-17-2018, 12:22 PM   #5
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psssst........

It was RobbieB.


(Blow that dough!)
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Old 02-17-2018, 06:40 PM   #6
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I imagine it is that group of crypto-billionaires-millionaires that are busy buying
up "Old San Juan" as we speak. Once they established residency they get to keep all the profits from the next leg up without paying any Federal/state taxes and they do not have to forfeit citizenship. What one might call a "Lambo"!
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Old 02-18-2018, 07:41 PM   #7
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Gee, and here I thought it was my $300 purchase went it went below $6K that caused the uptrend.
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Old 02-18-2018, 07:47 PM   #8
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I know who it was.

It was 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64.
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Old 02-19-2018, 03:57 AM   #9
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Quote:
Originally Posted by OldShooter View Post
Probably some hedge fund guy gambling with other people's money. Heads he wins, tails they lose.
You got it wrong Heads or tails he wins, Heads they win, tails they lose.
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Old 02-19-2018, 05:35 AM   #10
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Quote:
Originally Posted by NYEXPAT View Post
I imagine it is that group of crypto-billionaires-millionaires that are busy buying
up "Old San Juan" as we speak. Once they established residency they get to keep all the profits from the next leg up without paying any Federal/state taxes and they do not have to forfeit citizenship. What one might call a "Lambo"!
Ah yes -- I do recall some special tax provisions of residents of PR.
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Old 02-19-2018, 09:24 AM   #11
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Quote:
Originally Posted by copyright1997reloaded View Post
Gee, and here I thought it was my $300 purchase went it went below $6K that caused the uptrend.
Good call! It will probably double before to long. If it hasn't already.
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