|
Title: Manipulating BTC price Post by: Scottsdale on September 19, 2014, 04:52:49 PM Question for y'all- Hypothetically, say I made input a buy order of 5,000BTC ($2M) on Bitstamp, would that much volume have the capabilities to manipulate the stock price?
Title: Re: Manipulating BTC price Post by: btc_jumpnrl on September 19, 2014, 05:00:27 PM Duh of course. A bulk order (buy or sell) would temp flash the price. Would it hold is a different story. Quick look at stamp says a 2Mill order will increase the price to $464.
Title: Re: Manipulating BTC price Post by: Scottsdale on September 19, 2014, 05:11:08 PM Interesting.....Why dont we get a bunch of millionaires to buy/dump large orders and make eachother rich?
Title: Re: Manipulating BTC price Post by: bassclef on September 19, 2014, 05:15:47 PM Yes, it would in the same way a market sell of a similar amount would manipulate it downwards. I saw a market sell of 995 coins on Bitstamp yesterday. Best not to trade when you see things like this.
Title: Re: Manipulating BTC price Post by: arbitrage001 on September 19, 2014, 05:33:12 PM Yes, it would in the same way a market sell of a similar amount would manipulate it downwards. I saw a market sell of 995 coins on Bitstamp yesterday. Best not to trade when you see things like this. By how much did the price drop with the market sell order of 995 coins? A little hard to believe a whale will do something so foolish, as oppose to selling on various exchanges over several days. |