Is there any correlation between exit scams and the price of bitcoin?

Or is it likelier that the exit scam is chosen at a time when there's more money than usual on market wallets? Correlating factors here could be vendor and customers account creation rates, among others.

Another alternative is that various external factors culminate in the necessity of exit scamming at a seemingly random time to us (but not so random to those running the market). I don't see any way to satisfactorily make any correlations in this situation.


Comments


[4 Points] InconvenientIdeals:

It doesn't have nothing to do with it but saying there's a direct casual relationship is farfetched.


[2 Points] samwhiskey:

Not really. Dnm's don't have the as much volume as people suppose.


[2 Points] quixoticme1:

I think for people who are already planning an exit this provides the impetus to do it sooner rather than later


[2 Points] noseybast:

On one of the power player scams - evo, sheep etc then it has nothing to do with it as you cannot cash out immediately, quickly or in a oner.


[1 Points] Wanted_drugs_2day:

Depends. Someone sold 37,000btc on bitstamp the other day and plummeted the fuck out of the price.

So sure if a market cashed out all at once it drives prices down but as long as it isn't a trend or triggers a ton of stop losses then the price rebounds 90%ish


[1 Points] stonedcheese420:

I don't know but I think you should exit scam when bitcoin is very low so you get a larger amount of btc. You will cash them out later anyway. You can't take the Bitcoins cash them out immediately they are way too hot and you need to launder them too.