[Cryptocurrency] possible explanation for BTC drop

It seems like whether the Bitcoin drop in value being related to the Evo scam is a hot debate here. I was thinking today that it is possible that the scammers sold off all of their coins at below market value in order the cash out quicker. In addition, If they sold below market value it would be harder for LE to match cash amounts with Bitcoin amounts. Thoughts?

And before someone comments, yes, I'm on some amphetamines.


Comments


[2 Points] 3point1415926535nine:

point 1 is possible, it is most likely due to speculators speculating they will dump their coins. point 2 LE is not looking for the money they stole, so it doesn't matter.


[1 Points] CocaineNose:

wouldn't it be easier to catch them if they were selling well below market value?


[1 Points] None:

If they sold below market price, wouldn't the sale have to be off of an official exchange? In other words a private sale. And so the sale wouldn't affect the market price until the coins were eventually moved on an actual exchange? At which point they would sell at market price, and the increase in volume would drive the price down. But no speculation as to the cause would be necessary.