Quote from: ktabb on June 16, 2017, 03:09:24 PM

Quote from: Jamzymc on June 14, 2017, 04:57:59 PM

Say a group of rich investors got together and intending to buy huge amounts of bitcoin with the intention to one day crash the market. Say they told other investors of their plan deception and they bought into the idea. They done this for a while making the price of bitcoin soar. If they all collectively cashed in on their bitcoins and told people/ warned people and fooled them into doing the same via news articles, websites and other forms of mainstream exposure. Could they theoretically cause enough of a collapse to then buy the bitcoins back at a low price and wait for it to boom again makinf a huge profit or am I totally missing the point?

Sounds like pump and dump. Sure that can be done, and is done regularly.

Pump and dumps work more on altcoins with low market but I'm not sure its feasible in bitcoin at least not for a profit.