If you hold 200,000 bitcoins, how to crash the entire crypto market
Take 20,000 bitcoins and split it into four batches of 5,000 bitcoins each, then place short orders in four mainstream exchanges with bitcoin as the base currency.
Then use the remaining 180,000 bitcoins to sell off and cash out. After cashing out, the short orders in bitcoin as the base currency will earn an additional 180,000 bitcoins, and then repeat the above operation.
If done this way, it is estimated that both the exchanges and the crypto market would collapse.
Hahaha, just thinking about it, it would be fun if this guy really played like this.
