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Title: If one was going to initate a massive BTC pump they would buy up a bunch of alts Post by: spazzdla on May 27, 2015, 06:50:38 PM If one has the cash and a plan to do a massive BTC pump they would make a KILLING owning several big alt coins just before it went down..
Just speculating.. a lot of medium / old giant alt coins are jumping in value.. A small "pump" or a large buy up due to a known future..? Title: Re: If one was going to initate a massive BTC pump they would buy up a bunch of alts Post by: bathrobehero on May 27, 2015, 07:16:28 PM Any group who can pump BTC can already make a killing without altcoins. Sure, they could probably make more but it would also take more money to do so.
Title: Re: If one was going to initate a massive BTC pump they would buy up a bunch of alts Post by: G2M on May 27, 2015, 07:44:22 PM Nope, they sure wouldn't do it for that.
Long-term manipulation/trading of small volume coins can be done by buying a bunch of alts, in the face of a coming year long downtrend/lateral for BTC where there's very little profit to be had. They'd lose their shirt if they did what you're saying, because the liquidity would dry up in an instant. Title: Re: If one was going to initate a massive BTC pump they would buy up a bunch of alts Post by: emelac on May 27, 2015, 08:49:30 PM Nope, they sure wouldn't do it for that. Long-term manipulation/trading of small volume coins can be done by buying a bunch of alts, in the face of a coming year long downtrend/lateral for BTC where there's very little profit to be had. They'd lose their shirt if they did what you're saying, because the liquidity would dry up in an instant. +1 Alt coin markets have very little money in them compared to bitcoin. Very few of them even have market caps above $1 million. Title: Re: If one was going to initate a massive BTC pump they would buy up a bunch of alts Post by: NorrisK on May 27, 2015, 10:19:40 PM Nope, they sure wouldn't do it for that. Long-term manipulation/trading of small volume coins can be done by buying a bunch of alts, in the face of a coming year long downtrend/lateral for BTC where there's very little profit to be had. They'd lose their shirt if they did what you're saying, because the liquidity would dry up in an instant. +1 Alt coin markets have very little money in them compared to bitcoin. Very few of them even have market caps above $1 million. And bitcoin itself is not even too far above the one billion market cap.. What's your point? I don't get it yet. Title: Re: If one was going to initate a massive BTC pump they would buy up a bunch of alts Post by: G2M on May 27, 2015, 10:25:06 PM Nope, they sure wouldn't do it for that. Long-term manipulation/trading of small volume coins can be done by buying a bunch of alts, in the face of a coming year long downtrend/lateral for BTC where there's very little profit to be had. They'd lose their shirt if they did what you're saying, because the liquidity would dry up in an instant. +1 Alt coin markets have very little money in them compared to bitcoin. Very few of them even have market caps above $1 million. And bitcoin itself is not even too far above the one billion market cap.. What's your point? I don't get it yet. Pretty sure the implication that a three order of magnitude difference in a variable that's absolutely misleading and based mostly off scant volume, that the possibility of making a profit in the way OP displays is inane. To lose ten dollars, pump an altcoin. To make 50 cents, hold bitcoin on comparison. |