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Board Beginners & Help
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Would this be illegal?
by
ermsam
on 29/08/2011, 02:19:31 UTC
Let's person A has a lot of money, so he buys 1 million or so bitcoins. After he buys those he goes out and buys a load of iPods, for which he flips at 0.5 bitcoins. So by doing this he drives up the price of bitcoins to $100+ and then proceeds to dump the amassed bitcoins at a large profit. Legal and would this work?