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Title: is it possible to block the MtGox exchange? Post by: kokjo on April 23, 2011, 01:00:23 PM is it? to lock the prices?
if you had many btc(say 10000btc) and you where buying at 1.35 and selling at 1.4. would you lock the market between 1.35 and 1.4? becuse every time some one bouht some coins, and there was't any asking below 1.4, you would gain some profit and the blocking would be bigger... it that possible? Title: Re: is it possible to block the MtGox exchange? Post by: BioMike on April 23, 2011, 01:06:43 PM is it? to lock the prices? if you had many btc(say 10000btc) and you where buying at 1.35 and selling at 1.4. would you lock the market between 1.35 and 1.4? becuse every time some one bouht some coins, and there was't any asking below 1.4, you would gain some profit and the blocking would be bigger... it that possible? As soon as the market would move into one direction (many buying or many selling) the "lock" would overflow and the market would break out of the "lock". The only thing it would do is delay a upward or downward trend. Title: Re: is it possible to block the MtGox exchange? Post by: kokjo on April 23, 2011, 01:09:16 PM is it? to lock the prices? if you had many btc(say 10000btc) and you where buying at 1.35 and selling at 1.4. would you lock the market between 1.35 and 1.4? becuse every time some one bouht some coins, and there was't any asking below 1.4, you would gain some profit and the blocking would be bigger... it that possible? As soon as the market would move into one direction (many buying or many selling) the "lock" would overflow and the market would break out of the "lock". The only thing it would do is delay a upward or downward trend. Title: Re: is it possible to block the MtGox exchange? Post by: BioMike on April 23, 2011, 01:16:07 PM is it? to lock the prices? if you had many btc(say 10000btc) and you where buying at 1.35 and selling at 1.4. would you lock the market between 1.35 and 1.4? becuse every time some one bouht some coins, and there was't any asking below 1.4, you would gain some profit and the blocking would be bigger... it that possible? As soon as the market would move into one direction (many buying or many selling) the "lock" would overflow and the market would break out of the "lock". The only thing it would do is delay a upward or downward trend. Sure, but do you get enough time to build up something like that? I think starting with 10000 btc (and $13500 to buy on the bottom side) would not be enough to sustain the lock for even a few days. Title: Re: is it possible to block the MtGox exchange? Post by: LMGTFY on April 23, 2011, 01:20:47 PM is it? to lock the prices? if you had many btc(say 10000btc) and you where buying at 1.35 and selling at 1.4. would you lock the market between 1.35 and 1.4? becuse every time some one bouht some coins, and there was't any asking below 1.4, you would gain some profit and the blocking would be bigger... it that possible? As soon as the market would move into one direction (many buying or many selling) the "lock" would overflow and the market would break out of the "lock". The only thing it would do is delay a upward or downward trend. Another scenario is that me, Alice, Bob, Charlie and Dave all want to buy more bitcoins. I buy 2000 at 1.4. Alice buys 2000 at 1.4. Bob buys 2000 at 1.4 - well, you get the idea. Once we've all bought what we want Lucy has none left to sell. Lucy could, of course wait for the price to fall to 1.35 and buy more, but how likely is that with a high volume supporting the 1.4 price? I'd suspect that the price would be bullish for a while after our trades. The same scenario, of course, works in reverse. |