Manipulating BTC price

[Scottsdale]

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?

[1714738095]

1714738095

[btc_jumpnrl]

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.

[Scottsdale]

Interesting.....Why dont we get a bunch of millionaires to buy/dump large orders and make eachother rich?

[bassclef]

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.

[arbitrage001]

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.