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>drip 10k BTC into the market and liquidate several hundred thousand coins over the next year. Really ? You could put 10k BTC on sell side per day and the mark
by rubber_duck 9y ago
>drip 10k BTC into the market and liquidate several hundred thousand coins over the next year.
Really ? You could put 10k BTC on sell side per day and the market wouldn't collapse in a week or two ? From what I can see on this exchange : https://www.bitstamp.net/market/tradeview/ https://www.bitstamp.net/market/tradeview/
You could push it below 2k$ with less than 10k BTC, I'm assuming there are bigger exchanges - I'm not following BTC close - is there an aggregate of exchange bids on big exchanges ?
- captainmuon 9y agoCould you crash the market a bit, buy a lot of BTC, and then wait for it to recover again? I wonder if that would be a zero-sum game or if you could gain from such a cycle. E.g. I'm not sure if the price adjustment is instantaneous, or follows with a lag (in which case you could certainly make money). Also, it might be very hard to move large amounts anonymously onto an exchange, and if you did that (even assuming they couldn't trace the BTC to your nefarious origin, or they are clean), I'm sure you are violating some market manipulation law somewhere.
- rubber_duck 9y ago>and then wait for it to recover again If you demonstrated you could do this once - why would it ever recover ? Who would invest in it again ? Especially with so many altcoins.
- zazpowered 9y agoThey could use something like https://cumberlandmining.com/ https://cumberlandmining.com/ and not affect the markets