Alt coin pump/dump

[dj6230]

If there's an huge BTC order, does the value of the other coins decrease?(Ie.0.00XX/BTC)

[umair1122]

Yes, It can decrease a little bit.

[Grandsmall]

I think yes, yes it does.

[dj6230]

But BTC's value will rise right?
That's what's called pumping?
And opposite dumping?

[Damnsammit]

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]

Yes, It would decrease.

[mprep]

I think yes.

[jasonslow]

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]

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.