derpinheimer
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September 19, 2014, 07:25:45 PM

I wonder if this all is due to the new derivatives approved for Bitcoin approved by the CFTC. Basically, a big player takes a bunch of naked CDSs on Bitcoin (about 100 insurance policies per reference base) and crashes it intentionally. If somebody did that it would be a guaranteed massive profit.

I don't think that's it as this is such a new market, but this is an old Wall Street game that has been played with the other commodities. Note that since Wall Street entered, the price has dropped almost $300 (nearly 50%). You are all getting f---ed, you know.

they said they would do it

and here we are.

Who? Proof?

You're saying people are selling the equivalent of goxbux?