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I was just sitting around day dreaming about the opportunities for those in power to execute a Pelosi style insider trade in bitcoin or the shitcoin de jure. Imagine knowing in advance the exact moment, say, a friendly bitcoin executive order will hit the White House website, or even the announcement of a strategic bitcoin reserve?
Conversely, a few big, fat, limit buy orders way below the market price could be placed right before a press release announced the delay and reconsideration of either of those issues. So far as I know there would be nothing illegal about this scenario, but I'm not 100 percent sure.
There are Kings and Kingsmen everywhere. They aren't limited to the White House.
Our virtual worlds are full of them.
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No doubt that will happen. Hadn't thought about it though.
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Getting close to the circle of power helps, but long term bitcoiners with conviction are way ahead!
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41 sats \ 0 replies \ @ama 21 Jan
Of course the do insider trading, whether it's ilegal or not.
Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, on the basis of material, nonpublic information about the security. Insider trading violations may also include "tipping" such information, securities trading by the person "tipped," and securities trading by those who misappropriate such information.
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Very likely. Trump is not a fool, nor any such big fat asshole politician around the world. They are all very smart, they'll only let those people grab the bag who they trust, who share profits.
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Just watch it happen. When they had their covid meeting, lots of the senators and representatives sold their stocks and bought others. I hope they all get into shitcoins and watch them go to zero because they dont understand them.
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That would be nice.
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Come on, most of them are of the older generation. I dont know if they can even figure out how to buy those shitcoins. But if they do and get caught holding the bag....will be hilarious. Can you imagine the amount of whining that will happen?
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They will let their kids do their bidding. Well, maybe grand kids.
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Oh man, things could get ugly quick. From my point of view, they have no experience with cryptocurrencies. They are going to get fleeced. I wonder how many got into the trump and melenia one?
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I mean you have a point on the shitcoin angle but on the bitcoin angle... we've front run the vast majority of the world. Even those of us that got into bitcoin in the few couple years...
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So, if this reserve is confirmed, do you think they'll keep the bitcoins they seized or buy more? That's what I'm wondering.
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I don't really know. I don't have a good reason to say this, but I don't think this administration will ever announce a bitcoin reserve, which is fine with me.
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I'm not holding my breath, but I'd assume they won't sell the seized bitcoins if this reserve thing happens. It's hard to say if that's going to be enough for what they need.
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I mean, it's probably already happening.
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