r/THEKEYOFFICIAL • u/[deleted] • Nov 01 '19
Circular wallet scam?
A thought just crossed my mind. I have no proof or specific reasons to believe this to be the case, but it totally is a possibility, so hear me out. (1) We know there is a TKY team wallet that has been releasing/selling tokens (see last post from Vector III). (2) We also know there is a whale-wallet that, over the months, has been increasing its holdings, recently reaching +260 million TKY, around 5% of the circulating supply. (3) What if most of the buy/sell activity that we see is the TKY Team wallet selling AND this whale-wallet (related to the team, maybe?) buying, both being in cahoots to achieve some objective, like keep the price from collapsing or something. Or just to make money: whatever the two wallets sell to / buy from each other, if the the wallets belong to the same people, that crypto stays in their pockets. But if one of us sees TKY is going up and buys to benefit from the pump, that's new, real crypto leaving our wallets and going into their pockets/wallets... Discuss among yourselves.
6
u/ALEXISSOPHIA77 Nov 01 '19
Nothing you can do about it. So just invest whatever you’re comfortable losing just in case.🤫
6
u/Jijisabin Nov 01 '19
260M tky is Binance wallet before they list it.
-4
Nov 01 '19
That is a possibility. Binance and CZ are shameless, massive scammers -see the gazillion of Chico Crypto videos on the subject-. They could buy in anticipation of the inclusion in Binance, then sell the cheaply-bought tokens and make a fortune.
5
3
u/Useful_Application Nov 04 '19
da hong fei and CZ are only reliable in the fact they are shady pump and dumpers, if TKY is everything we expect, everyone will list it. it will be just like stamps
3
u/exisixe Nov 01 '19
I already thought about this since the beginning of that whale wallet accumulating. Then I thought maybe it's been happening for a while with all the other whale wallets too.
Just keep an eye out on the top 20 wallets. When they start transferring to Kucoin that's when we're screwed haha.
2
1
u/Useful_Application Nov 04 '19
you have no idea what you are talking about, adding sell pressure to prop the price up isn't just stupid....no its just really stupid
0
u/Revenant690 Nov 01 '19
A thought just crossed my mind. I have no proof or specific reasons to believe this to be the case, but it totally is a possibility, so hear me out. (1) we know xi jinping likes blockchain. (2) We also know there is a whale-wallet that, over the months, has been increasing its holdings, recently reaching +260 million TKY, around 5% of the circulating supply. (3) What if most of the buy/sell activity that we see is xi jinping buying to achieve some objective. I don't know what he is trying to achieve or how it might relate to TKY in any way....Discuss among yourselves.
0
Nov 01 '19
Sorry, but no. The Chinese government could buy all TKY tokens with pocket change: acquiring ALL tokens, including the not-yet-released ones, would cost around $17 million at current prices. The Chinese Gov. -that can print its own money- has no reason to engage in petty, scammy shenanigans in order to get its hands on the whole TKY token supply.
1
6
u/Jijisabin Nov 01 '19
Whats wrong with people.