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Who Bought $1.6B in Bitcoin Wednesday, and Why?
Yahoo Finance ^
| 10 October 2021
| Lawrence Lewitinn
Posted on 10/10/2021 5:35:06 PM PDT by MeneMeneTekelUpharsin
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This is a signficant financial news story the U.S. media is not discussing (because of incompetence).
To: MeneMeneTekelUpharsin
How so? That’s barely a drop in any other market.
2
posted on
10/10/2021 5:38:56 PM PDT
by
Mean Daddy
(Every time Hillary lies, a demon gets its wings. - Windflier)
To: MeneMeneTekelUpharsin
3
posted on
10/10/2021 5:40:57 PM PDT
by
broken_clock
(Go Trump! Still praying.)
To: algore; aMorePerfectUnion; amorphous; Andyman; ARGLOCKGUY; abishai; battletank; ...
Pinging the Mysterious FR Crypto List!
Which one of you made this buy??
4
posted on
10/10/2021 5:44:48 PM PDT
by
aMorePerfectUnion
(Fraud vitiates everything ᡕᠵ᠊ᡃ࡚ࠢ࠘ ⸝່ࠡࠣ᠊߯᠆ࠣ࠘ᡁࠣ࠘᠊᠊ࠢ࠘𐡏⁻ )
To: MeneMeneTekelUpharsin
Chinese big-wigs are fleeing China to Russia or such and need to take their money with them.
5
posted on
10/10/2021 5:45:51 PM PDT
by
struggle
To: MeneMeneTekelUpharsin
Oh sorry 😐.
I had an extra 1.6 billion just laying around.
I traded the coins in my pocket for some cash.
6
posted on
10/10/2021 5:46:48 PM PDT
by
SaveFerris
(The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
To: aMorePerfectUnion
I cannot confirm, nor deny.
I do wonder what would happen if someone sold 1.6bn at a time with low liquidity, like they do with silver.
Someone will make huge (Etf) profits from doing this, I guarantee it.
7
posted on
10/10/2021 5:49:02 PM PDT
by
algore
( )
To: aMorePerfectUnion
I was the seller.
8
posted on
10/10/2021 5:58:52 PM PDT
by
palmer
(Democracy Dies Six Ways from Sunday)
To: MeneMeneTekelUpharsin
I see it as a huge sign of money laundering…
9
posted on
10/10/2021 6:08:02 PM PDT
by
BlackAdderess
(Welcome to the libertarian fire sale, here’s your accordion)
To: MeneMeneTekelUpharsin
.... Many moons ago, when Bitcoin was just approaching $1000, my son won 12 bitcoin on a bet when he was deployed in the sandbox .... Still has them ...... Sheesh
10
posted on
10/10/2021 6:08:40 PM PDT
by
R_Kangel
("A nation of sheep will beget a nation ruled by wolves")
To: BlackAdderess
Possibly.
Or you may just view the world like the IRS does.
11
posted on
10/10/2021 6:09:47 PM PDT
by
Secret Agent Man
(Gone Galt; Not Averse to Going Bronson.)
To: MeneMeneTekelUpharsin
12
posted on
10/10/2021 6:14:44 PM PDT
by
dila813
To: BlackAdderess
Tether was implicated several years ago in the rapid spike in Bitcoin to $20,000/btc. In this case they were accused of claiming their Tether currency was actually backed by real dollars to maintain their peg value when it was just bookkeeping shennanigans. The DOJ is currently investigating this past fraud.
If people can launder dirty money with unsecured Tether transactions they can then use this as as tender to buy the much more liquid and “clean” bitcoin. This shifts the unsupported Tether peg risk to the rest of the world’s bitcoin “legitimate” exchanges when the buyers then start to sell.
Anyone who gets involved with Bitcoin is a lesser fool looking for a bigger fool to bail them out.
To: palmer
14
posted on
10/10/2021 6:21:25 PM PDT
by
aMorePerfectUnion
(Fraud vitiates everything ᡕᠵ᠊ᡃ࡚ࠢ࠘ ⸝່ࠡࠣ᠊߯᠆ࠣ࠘ᡁࠣ࠘᠊᠊ࠢ࠘𐡏⁻ )
To: aMorePerfectUnion
15
posted on
10/10/2021 6:31:36 PM PDT
by
Database
To: aMorePerfectUnion
I think Venezuela made the buy.
16
posted on
10/10/2021 6:38:21 PM PDT
by
Kevmo
(I’m immune from Covid since I don’t watch TV.🤗)
To: palmer
The next FReepathon is on you!
17
posted on
10/10/2021 6:48:32 PM PDT
by
Ken H
(Trump won.)
To: MeneMeneTekelUpharsin
Biden. He wants to buy 700 of them and melt them down to make the trillion dollar coin.
18
posted on
10/10/2021 6:48:44 PM PDT
by
x
To: palmer
19
posted on
10/10/2021 6:51:06 PM PDT
by
E. Pluribus Unum
("Communism is not love. Communism is a hammer which we use to crush the enemy." ― Mao Zedong)
To: MeneMeneTekelUpharsin
20
posted on
10/10/2021 6:53:14 PM PDT
by
deweyfrank
(Nobody's Perfect )
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