He then takes the BCH and sells it for Tether. Then waits for some bullish momentum and starts wash trading BSV/USDT on shady exchanges which currently account for the volume. He can put in asks all the way up to the price he sold the BCH for and lose nothing. BSV pumps
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As BSV reaches parity with BCH, he can then dump the USDT and hold the BSV. It's actually a pretty genius gambit with essentially no downside. He can actually use this tactic to keep BSV at basic parity with BCH. All enabled by the BSV delisting. Very interesting play.
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Keep in mind that Squire had to cancel the purchase of Calvin's mining operation so that the Canadian regulators would take the hold off of their trading. So Calvin's sitting on a bunch of SHA-256 miners collecting dust. This play makes perfect sense.pic.twitter.com/IA5vtg4Kav
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Nobody is mad. I already said it's quite clever.https://twitter.com/vinarmani/status/1217191997724745728?s=20 …
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One miner is known. Called Taal. Named after the Volcano. Some of that other unknown hash on BCH and BTC is likely some of theirs too.
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Taal is Squire, which purchased CoinGeek Taal is CoinGeekhttps://www.globenewswire.com/news-release/2019/06/17/1869857/0/en/Squire-Releases-First-Month-Financial-Results-Since-Acquiring-First-Phase-of-CoinGeek-Cloud-Computing-Operations.html …
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That's only smart if someone is willing to buy those bags later on.
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Calvin is already holding massive BSV bags and tons of mining equipment that he can't sell. Squire actually had to cancel a planned purchase if a whole bunch of his miners. He's got to do something. It's the best play he could make with the hand he has.
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Čini se da učitavanje traje već neko vrijeme.
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