Post
Topic
Board Economics
Re: Bitcoin: The Scamming
by
jgraham
on 11/04/2013, 21:56:10 UTC
Can anyone tell me how this might be stopped? If this theory might be correct? Better ways to pull it off?
Selling BTC at progressively higher rates doesn't change the value of BTC.  If you have 1000 BTC which you bought at $10 and you sell them at progressively higher rates (say one at a time).   You can only sell at a higher rate if there's someone who is willing to buy at a higher rate.  If nobody is willing to buy your order just sits there until someone does.