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Sold of My Entire Bullion Collection In Order To Purchase BitCoins
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<p>[QUOTE="Santinidollar, post: 3804233, member: 75866"]My view and my view only is that it’s the same as stock manipulation, especially the penny stock market.</p><p><br /></p><p>1. The operators buy a large position at a low price.</p><p><br /></p><p>2. The stock is touted to the uninitiated who buy and drive the price up — the pump.</p><p><br /></p><p>3. After the price goes up, the operators sell their shares at the inflated price — the dump.</p><p><br /></p><p>That’s probably an oversimplification, but basically that’s how it’s done.</p><p><br /></p><p>In general, the SEC often catches up to the scams. With bitcoin, it’s unregulated, so it goes on and on.[/QUOTE]</p><p><br /></p>
[QUOTE="Santinidollar, post: 3804233, member: 75866"]My view and my view only is that it’s the same as stock manipulation, especially the penny stock market. 1. The operators buy a large position at a low price. 2. The stock is touted to the uninitiated who buy and drive the price up — the pump. 3. After the price goes up, the operators sell their shares at the inflated price — the dump. That’s probably an oversimplification, but basically that’s how it’s done. In general, the SEC often catches up to the scams. With bitcoin, it’s unregulated, so it goes on and on.[/QUOTE]
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