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You don't seem to grasp the basic concept of markets. Issuing more buy orders cannot cause a drop in price. In your scenario, you propose that large businesse
by acchow 13y ago
You don't seem to grasp the basic concept of markets.
Issuing more buy orders cannot cause a drop in price.
In your scenario, you propose that large businesses around the world issue a practically limitless number of buy orders on BTC, supposedly at a low-balled price, supposedly inducing people to fulfill those orders...
You can't affect the price of anything buy flooding the market with an enormous number of low-balling buy orders. You can create a floor, but that puts a lower bound on how far bitcoins can call - it doesn't induce the fall.