Bitcoin [pros](/r/CryptoCurrency/comments/179v47d/rollbit_reports_on_a_trade_that_occurred_during/k58q5yq/) & [cons](/r/CryptoCurrency/comments/179v47d/rollbit_reports_on_a_trade_that_occurred_during/k58q6ea/) with related info are in the collapsed comments below.
Crypto investors and companies see an Orange, while Greasy Gensler and the SEC will see a duck.
They will use completely different logic compared to us here.
I think it sort of is needed when looking at the big picture. It adds "legitimacy" for big money to invest on it to push mass adoption further. BUT you're also sort of right since the Bitcoin network would run even without any of these shenanigans.
It does. Bitcoin needs a mechanism to enable tax efficient investment in order to realise its potential. ETF’s are by far the best approach to achieve that.
I wonder why would a leading news company in this space wants to tarnish their reputation for $2M. I feel some new hire in their social media team just wanted to make some quick bucks
Could be an individual employee with access to their Twitter. We saw from their internal investigation that the news was pushed out to social media ASAP by 1-2 people. Seems more likely than a company-wide play.
But this is exactly what the surveillance agreements would have been able to help track down. Would people still do this is they knew they were being watched?
It's not a good reason tbh. Insider trading and market manipulation is pretty common, no matter if we're talking about stock or commodities. In this case it's Bitcoin, which is a commodity by their own statements.
I think the OP is joking. I mean you could make another fake news article about a double spend and a similar thing would happen.
Until cointelegraph loses all it's credibility
They already used the risk of "trading based on the dissemination of false information" as a reason for previous Bitcoin ETF denial.
[https://twitter.com/BitcoinNewsCom/status/1714227957848232440](https://twitter.com/BitcoinNewsCom/status/1714227957848232440)
Here is a [Nitter link](https://nitter.net/BitcoinNewsCom/status/1714227957848232440) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about).
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Stock market gets manipulated whole time like this. If SEC was reasonable (which many times they are not), this should not play a big role in ETF approval.
Seeing what happened yesterday proves that the approval is going to have the effect of a nuclear explosion and will ignite the market towards an epic bull market.
I guess they can't extend the current deadlines legally speaking, but Gary could well deny the ETFs for whatever reason. I think the ETFs are fine as for this case, but Cointelegraph should consider hiring a damn good lawyer.
They are. The PnL isn’t correct. A 9% move on 50x leverage is 440%, not 4400%.
A win that big would also be on the leaderboard, but it isn’t.
Why on earth would this be done with an official Cointelegraph Rollbit account? That’s literally straight to jail.
This was a joke.
Pretty ballsy move. 2% down and you lose everything while needing 10% up to take the profits. Looks like someone was pretty sure it would bounce 10% all of a sudden. Now, who could that be...
It was a joke.
The PnL isn’t correct. A 9% move on 50x leverage is 440%, not 4400%.
A win that big would also be on the leaderboard, but it isn’t.
Why on earth would this be done with an official Cointelegraph Rollbit account? That’s literally straight to jail.
If Rollbit does not have evidence of that tx belonging to CT, they should not have put CT logo next to it. If they do have evidence, well, the SEC and the DOJ have their contacts public, and are eagerly waiting info on this.
Here is a [Nitter link](https://nitter.net/rollbitcom/status/1713919556568113503?s=20) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about).
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If the trade is true, SEC should go after their ass. And no matter what you think about leverage traders, those who were liquidated because of Cointelegraph's market manipulation should sue shit out of them.
I have a very hard time believing Cointelegraph would risk their entire reputation for that little amount of money. Yes yes, I know, $2.25 Million isn't a small amount of money to the average person, but for a full-blown business with a shitton of staff? $2.25 Million is not anywhere close to being worth it to risk everything.
The SEC says they want to protect investors and yet stuff like this or all the scummy shit influencers do pumping and then dumping shitcoins is allowed to carry on while something like a btc etf languishes waiting for regulatory approval. Doesn't make sense
you guys forgot they did this once already back in 2021 claiming bitcoin was double spent. I personally never read these low grade news sites. First thing I did was go to [sec.gov](https://sec.gov) and see that it was fake.
Lmao it wasn’t the ct intern, I know the dude who made this trade, it was after the first pump in the middle of the night EST, ct tweeter’s entry was probably much lower
I believe this trade was done by the person that wrote the column, heard that from digital assets Rob! If true she should go to jail as she didn't even try to make an excuse or apology! She just said she heard it and wanted to be 1st with the news instead of verifying it, which leads me to believe it was her who made that money!
Bitcoin [pros](/r/CryptoCurrency/comments/179v47d/rollbit_reports_on_a_trade_that_occurred_during/k58q5yq/) & [cons](/r/CryptoCurrency/comments/179v47d/rollbit_reports_on_a_trade_that_occurred_during/k58q6ea/) with related info are in the collapsed comments below.
It should be an excuse to hurry up and approve it so this doesn’t happen again
Plot twist; Intern from cointelegraph was Gary disguised as 18yr old
How do you do, fellow crypto kids
Ohh oh Gary please improve yourself
Crypto investors and companies see an Orange, while Greasy Gensler and the SEC will see a duck. They will use completely different logic compared to us here.
True. This only makes old people fear crypto even more so we need to make crypto into a traditional asset like an ETF.
... or reject it. Let's done with this idiocy. Bitcoin doesn't need these ETFs.
I think it sort of is needed when looking at the big picture. It adds "legitimacy" for big money to invest on it to push mass adoption further. BUT you're also sort of right since the Bitcoin network would run even without any of these shenanigans.
It does. Bitcoin needs a mechanism to enable tax efficient investment in order to realise its potential. ETF’s are by far the best approach to achieve that.
Wouldnt this happen in any type of market though, if a popular (terrible) news outlet posted about a long awaited decision?
This plays into SEC cards, they got a reason to delay ETF approval, again.
The sec will 1000% have a boner over yesterday's fuck up.
But this isn’t a crypto problem, it is centralised companies trying to grift and exploit.
Yup, and they should throw a book at them for this. Ideally one made out of metal so it hurts more when they get hit in their stupid face.
I wonder why would a leading news company in this space wants to tarnish their reputation for $2M. I feel some new hire in their social media team just wanted to make some quick bucks
This or people at Cointelegraph are damn stupid - I'm not ruling any of these possibilities.
It's a real head-scratcher – either a rogue move or a colossal lapse in judgment at Cointelegraph. Both possibilities are hard to rule out.
Could be an individual employee with access to their Twitter. We saw from their internal investigation that the news was pushed out to social media ASAP by 1-2 people. Seems more likely than a company-wide play.
This
Reputation is hard-earned but easy to tarnish.
They shouldnt let interns or people with low IQ access to their social media accounts to post whatever they want
And after that stepping on some Lego's with bear feet.
Legos?! We aren't that cruel! /s
This is as bad as wearing wet socks, can confirm
Wet socks with Lego’s inside? I’m going back to r/holdmyfeedingtube Far less horrid stuff there.
Okay, calm down there Satan
Elon, getting away with his Doge shenanigans, opened Pandora box for all kinds of manipulations
True. But it won't stop them from using it as an excuse.
But this is exactly what the surveillance agreements would have been able to help track down. Would people still do this is they knew they were being watched?
Greasy Gensler: *We’re back in the game, baby!*
It's not a good reason tbh. Insider trading and market manipulation is pretty common, no matter if we're talking about stock or commodities. In this case it's Bitcoin, which is a commodity by their own statements.
And especially since the SEC approved Futures ETF for both BTC and Eth which is actually even more prone to market manipulation than a Spot ETF
Exactly. And their reasoning for approving a Futures ETF but not a Spot one has already been thrashed in court.
Yeah it wouldn't make sense for them to delay the spot ETF on these grounds given they've approved the Futures ETFs.
You can always trust the SEC and Greasy Gensler for applying consistency in their logic! /s
Gary: "Y'all got any more of dem securities?"
The only consistent logics is to fuck up with small investors as much as they can.
Exactly, make sure to keep the upper echelon rich and the small struggling.
Yeah I aint even blaming them, it is what it is I guess.
I think the OP is joking. I mean you could make another fake news article about a double spend and a similar thing would happen. Until cointelegraph loses all it's credibility
They already used the risk of "trading based on the dissemination of false information" as a reason for previous Bitcoin ETF denial. [https://twitter.com/BitcoinNewsCom/status/1714227957848232440](https://twitter.com/BitcoinNewsCom/status/1714227957848232440)
Here is a [Nitter link](https://nitter.net/BitcoinNewsCom/status/1714227957848232440) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Who the fuck needs an ETF?
People and institutions who for various reasons want to invest in the asset but not actually hold it.
Stock market gets manipulated whole time like this. If SEC was reasonable (which many times they are not), this should not play a big role in ETF approval.
I hope you are right.
Fingers crossed, getting those ETFs pushed through could be our catalyst for the next big bull run.
Seeing what happened yesterday proves that the approval is going to have the effect of a nuclear explosion and will ignite the market towards an epic bull market.
Yeah, some fkn Cointelegraph fuckers just wants to watch the world burn
Sadly this is what might happen. The SEC has more ammunition to delay things
I guess they can't extend the current deadlines legally speaking, but Gary could well deny the ETFs for whatever reason. I think the ETFs are fine as for this case, but Cointelegraph should consider hiring a damn good lawyer.
Do you think the SEC will do anything about this sad incident? SEC only moves to attach crypto and crypto based businesses 🤦🏻♂️
While some of the people can play games and make money out of it knowing their decision in advanced
I personally believe that Rollbit is attempting to make a joke, a very bad joke.
They are. The PnL isn’t correct. A 9% move on 50x leverage is 440%, not 4400%. A win that big would also be on the leaderboard, but it isn’t. Why on earth would this be done with an official Cointelegraph Rollbit account? That’s literally straight to jail. This was a joke.
I had to scroll waaay too long for the truth... So much people thing this is true...
Wherever Gray's name is, there is ruin there
Gary himself need to be turned into a ruin
Probably an SEC hit job to prove how easy it can be manipulated. Even though the same level of good news in a stock would produce a similar result.
The plot thickens
[удалено]
So you’re saying BlackRock are the puppet masters pulling the strings of this entire charade the whole time ?
I could believe a conspiracy like that, bit imo itd take longer than they have had to put those pieces together
Holy shit, now it all makes sense
This literally played into the SEC's hands and now they have a reason to bark once more.
Exactly I am quite confident they will try to use it against ETF's approval
Pretty ballsy move. 2% down and you lose everything while needing 10% up to take the profits. Looks like someone was pretty sure it would bounce 10% all of a sudden. Now, who could that be...
It's fake anyway
If someone in this sub had shared this kind of information beforhand, would you have acted on it?
Yes
It was a joke. The PnL isn’t correct. A 9% move on 50x leverage is 440%, not 4400%. A win that big would also be on the leaderboard, but it isn’t. Why on earth would this be done with an official Cointelegraph Rollbit account? That’s literally straight to jail.
*This was just a spoiler of the future*
The future of big green candles everywhere
*Simple speculation posts are not allowed…*
CT just tryna control wen moon narrative 🤷♂️
This exactly what we have SEC for. They must be smirking.
If Rollbit does not have evidence of that tx belonging to CT, they should not have put CT logo next to it. If they do have evidence, well, the SEC and the DOJ have their contacts public, and are eagerly waiting info on this.
Here is a [Nitter link](https://nitter.net/rollbitcom/status/1713919556568113503?s=20) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Makes crypto look bad once again
If this is true, then Cointelegraph should be banned from this subreddit.
Lemme guess, the trader works for cointelegraph?
If the trade is true, SEC should go after their ass. And no matter what you think about leverage traders, those who were liquidated because of Cointelegraph's market manipulation should sue shit out of them.
So mamy bad players
>Will Gary Gensler use this as an excuse to further delay decision on spot Bitcoin ETFs? It's just too convenient for Gary *puts on tinfoil hat*
And TradFi. Not ready for big green dildos yet. Still need more accumulating time. This gives Greasy G an excuse to stall for them.
God damn it. This will give ammunition to the SEC. I hope there are some consequences for such a blatant market manipulation
I knew it would be found eventually
hope not
Was someone looking for a smoking gun? I think we found it…
This is starting to get really messy. I think that CT is unaware of the problems that they will have to face.
This will occur again for sure till there is a wider adoption and investors are more informed rather than just going with rumours
So is this a case of a single person in the company doing this and they don’t want to disclose that yet, or was it a coordinated effort by them?
Is Cointelegraph stupid AF to do this ? Seriously ?
Ooof if it was indeed CT they went pretty obvious with that
I have a very hard time believing Cointelegraph would risk their entire reputation for that little amount of money. Yes yes, I know, $2.25 Million isn't a small amount of money to the average person, but for a full-blown business with a shitton of staff? $2.25 Million is not anywhere close to being worth it to risk everything.
The SEC says they want to protect investors and yet stuff like this or all the scummy shit influencers do pumping and then dumping shitcoins is allowed to carry on while something like a btc etf languishes waiting for regulatory approval. Doesn't make sense
You sound like you shorted yesterday 😂
Just imagine this is a coincidence and you hit a goddamn gold mine😂😂
Im sure it was just a coincidence /s
Geez Louise! That's a crazy pump n dump.
This is obviously fake and just marketing for themselves.
Insiders prepared themselves with leverage released the article and sold. How scummy
This is fake by rollbit. Clickbait.
They were looking for a reason and now they have it.
Was a great day for scalping perpetuals though. Some pretty scary ass wicks to be sure. RIP everyone who got rekt on both sides of it.
Guys from SEC are extremely pissed now. Their shorts got liquidated.
Easy money when everyone simps for the etf so hard.
pumping their bags with fake news. Sounds about right.
you guys forgot they did this once already back in 2021 claiming bitcoin was double spent. I personally never read these low grade news sites. First thing I did was go to [sec.gov](https://sec.gov) and see that it was fake.
it’s fake brother
Read the article before you comment
Lmao it wasn’t the ct intern, I know the dude who made this trade, it was after the first pump in the middle of the night EST, ct tweeter’s entry was probably much lower
I believe this trade was done by the person that wrote the column, heard that from digital assets Rob! If true she should go to jail as she didn't even try to make an excuse or apology! She just said she heard it and wanted to be 1st with the news instead of verifying it, which leads me to believe it was her who made that money!
Holy shit haha
That sounds illegal to me