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Comment by mgh2 | Hacker News Reader

Three scenarios might make it crash:

1. Big institutional investors (Tesla, Microstrategy) pull out or face crashing their stock as well - they bought Bitcoin directly or indirectly with borrowed money https://www.youtube.com/watch?v=st3KJN_DzCg

2. Crypto community panics and claim their money en masse

3. "Satoshi" and other insiders secretly cash out

Since it is mainly a stakeholder manipulated market, regulation had not much impact so far...

As long as the narrative keeps perpetuating belief & demand, it will live.

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I suspect Tesla used bitcoin as an "indirect stock buyback" like microstrategy's CEO did to cause the short squeeze. Both are manipulating the market using crypto.

1-hr interview youtube video above of Michael Saylor with Fox's Tucker Carlson where he bragged about doing this removed recently- VERY SUSPICIOUS.

Fount it: manipulation @45:37 https://youtu.be/wdJFeSY8UVk?t=2737

Wait are you making a case for or against Bitcoin?

The crypto community selling out after all the years of "hodl"? I would pay to see that!

Satoshi "secretly" cashing out....what? How could that even happen it's literally impossible for those coins to move. Maybe Satoshi simply sells his private key off-chain, is that what you mean?

I am neither...there is so much hidden behind the curtains, I just focused on what will most likely affect the price, irrelevant of the product itself

Ah nice, we need more of that. I try to take that stance myself as well. First principles etc etc.

What makes it "literally impossible" for those coins to move? I think it is incredibly unlikely but don't see why it is impossible.

Oops left out a word: it's literally impossible for those coins to move in secret. Public ledger and all. Does that answer your question?

I don't think his point is that he will move them secretly, that's why he put quotes around, which I understand as just not publicly announced, or let's say, discreetly. The point is that if Satoshi starts selling, that's enough to start a crash considering how many BTC he has.

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