It was Bernie. He's had enough of this horseshit.
Bitcoin Whale Shorted $1.1B Right Before Tariffs
41–50 of 53 posts
Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs
#42Earlier quoted context omitted.
That's not what happened. What they said is that it was definitely a violation, there did not appear to be a chargeable crime.
Regular people get charged for that level of violating regulations around classified information. They also get charged for having classified information in their bathroom or in their garage.
But the emails weren't classified. That was part of the problem, but that does stop it being a crime.
Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs
#43I'm confused: why would you short BTC if you knew in advance that additional tariffs would be announced? Wouldn't you expect that to increase the dollar value of BTC due to depreciation of the dollar?
It helps to not be too academic about it and just check what happened to BTC the last few tariff announcements.
Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs
#44I'm confused: why would you short BTC if you knew in advance that additional tariffs would be announced? Wouldn't you expect that to increase the dollar value of BTC due to depreciation of the dollar?
If only BTC were a decorrelated, alternative investment.
This. It has not, in practice, turned out to be the hedge that people assumed that it was.
Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs
#45I'm grateful to those tracking and publishing this information, but as smoking guns go, the evidence doesn't seem particularly compelling. China announced their rare-earth restrictions on 10/9. Trump predictably over-reacts with tariffs on 10/10. The trader had plenty of reason to expect new tariffs, and some reason to expect Bitcoin to go down. If I were corrupt, I'd always make sure there was some justifying event…
I wouldn’t be surprised if people connected to the Chinese government are not also taking advantage of the fact that Trump is extremely easy to trigger, manipulate and predict.
Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs
#46It makes me want to riot that we've allowed the presidents whole family to leverage their wealth on Bitcoin, its such an outrageous conflict of interest, literally with a few million up front you stand to become unbelievably wealthy by yanking the USD's reserve currency status. Real monkeys paw action here tho because I always liked the idea of BTC as a viable alternate to USD, but, not like this.
wait until you learn about where $trillions went in last decades of war.
Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs
#47Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs
#48Earlier quoted context omitted.
they would have profited anyway. be it stocks or forex. using btc only makes it public i guess?
BTC means they can pull wealth out of the system at astonishing rates. Trump & Co are hardly the first to be corrupt, but the scale, the blatentness, and the damage being done to the country as a byproduct is unprecedented in modern history
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Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs
#49Earlier quoted context omitted.
It is genuinely amazing how fast it feels like it happened. The whole monica lewisnky thing happened because there was an investigation into Clinton making maybe 100k off a partnership with a guy who later got arrested. Granted that was over 20 years ago now, but like, hillarys emails???
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DAWG.
Re: Bitcoin Whale Shorted $1.1B Right Before Tariffs
#50Earlier quoted context omitted.
Stocks are public. There's a been a lot of people doing moves ahead of other tariffs announcements.
they most definitely are not.
How do you think the SEC finds it's insider trading cases?
They see a giant position placed ahead of a movement in the market and then ask the exchange who placed those trades. The only difference between an exchange and crypto is that cypto you can also see.