HIVE Market Manipulation - You Won't Believe Who's Behind It!

So this happened an hour or so ago.

Someone(s) bought a massive amount of HIVE, which pumped the price from about 38 cents up to about 60 cents. Looking at the volumes, you can tell it was one or a few big buyers and then a lot of little sales bringing the whole thing round trip.

Fact 1: The 4chan guy who posted right before the market crash said that China is trying to forcefully liquidate someone's BTC position.

Fact 2: We know Justin Sun is one of the potential targets.

Fact 3: We know Justin Sun claims to have actually added to his BTC position in the past few days.

Fact 4: We know Justin is generally full of shit.

So, here's what I think is happening:

Justin is buying HIVE when needed because a) it's a small market and easy to manipulate as we see in the chart at the top and b) it adds to his collateral against his under-threat BTC position.

This is actually a genius move because it protects his BTC position while building a bag. The purpose of the bag is not to actually take profits. When BTC goes back up, the collateral is no longer needed to be held against the position.

So what does he do then?

He sends the giant bag of HIVE he's accumulated to alts on-chain and takes over the top 20 witness spots (after 30 days of course). Poof, hive gone, revenge complete.

Spread it around to 100 accounts and nobody will be able to stop it.

Buy during times of enormous market volatility and people will just chalk it up to market volatility.

So 30 days after BTC gets back into the mid-40s, watch out!

Posted Using LeoFinance ^Beta