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dj6230 (OP)
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June 13, 2013, 02:54:59 PM
 #1
If there's an huge BTC order, does the value of the other coins decrease?(Ie.0.00XX/BTC)
I'm currently building an collection of novelty BitCoin's and physical BitCoin's, contact me if you have any, except Casascius (yet)!
umair1122
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June 13, 2013, 03:43:40 PM
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Yes, It can decrease a little bit.
Grandsmall
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June 13, 2013, 04:11:39 PM
 #3
I think yes, yes it does.
dj6230 (OP)
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June 13, 2013, 09:41:11 PM
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But BTC's value will rise right?
That's what's called pumping?
And opposite dumping?
I'm currently building an collection of novelty BitCoin's and physical BitCoin's, contact me if you have any, except Casascius (yet)!
Damnsammit
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June 13, 2013, 09:51:49 PM
 #5
Quote from: dj6230 on June 13, 2013, 09:41:11 PM
But BTC's value will rise right?
That's what's called pumping?
And opposite dumping?

Supply and demand, yes.

People pump it when they want you to buy what they are selling
People dump on it when they want you to sell them what they want to buy
Rinse, repeat.

Just like the stock market or the Forex.
iram9014
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June 13, 2013, 11:43:21 PM
 #6
Yes, It would decrease.
mprep
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June 14, 2013, 02:51:15 PM
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I think yes.
jasonslow
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June 14, 2013, 03:03:32 PM
 #8
If bitcoin loses value, more people can afford to buy bitcoins that would be used to buy alt coins. Basically the price of alt coins would increase.
mprep
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June 14, 2013, 03:10:37 PM
 #9
Quote from: jasonslow on June 14, 2013, 03:03:32 PM
If bitcoin loses value, more people can afford to buy bitcoins that would be used to buy alt coins. Basically the price of alt coins would increase.
Not all of them. I think LTC's price would increase and the other alts would have a slight increase that would probably go unnoticed.
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