Bitcoin mining in the crypto crash: The mining companies’ creative accounting
amycastor.com
amycastor.com
Is that really true? Maybe for a large enough miner, but small miners aren't going to crash the price by selling. And if they knew it would crash, couldn't they just short the market before selling?
1. the market is surprisingly thin, it doesn't take a lot of bitcoin to knock the price down - particularly with the shortage of retail dollars.
2. there's no such thing as "just short" in bitcoin, the venues for doing so are unregulated casinos with an extensive track record of just screwing their own customers over.
this is not an orderly or well-regulated market in any regard