slocker
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May 29, 2019, 10:21:41 AM

-On the other hand if BTC1MM gets dumped across exchanges, even with a signed message of "i'm not CSW", might bring BTC to its knees.

BTC1M dumped wouldn't change the fundamentals. Bitcoin would bounce right back.


Purely theoretical but BTC1M + short leverage can do a lot of damage. Think of BTC10k dumps every single day for next 100 days. Despite the fake volume, market is pretty illiquid, blockchain would not be usable and not sure if we could get enough miners to mine at a loss long enough to get through this. Or just flood the mempool keeping cost of transaction at $50 for few years

Think that will change anything it wont. Price can manipulated even without dumping. But again this could be only single issue and price could go down but will go back up again.