Post
Topic
Board Speculation
Re: Is this theoretically possible?
by
arpon11
on 18/06/2017, 19:51:35 UTC
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?
In crypto currencies what you said now is what is happening and your explanation is very clear to what we are experience in crypto currencies trading. Most Time you see from https://coinmarketcap. com how volume values move from one coins to others and this keep me wonder if people are doing the same thing at the same time all over the world.