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Implications of Massive Investments

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Anonymous
Implications of Massive Investments 2017-08-06 05:30:04 Post No. 2970637
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Implications of Massive Investments Anonymous 2017-08-06 05:30:04 Post No. 2970637 [Report]
So this is kind of a theory question. Suppose an investor buys a massive amount of currency, like in the millions for a fairly low-key currency. What would that do to the value of the coin? Would it increase the value, decrease it, or keep it the same?

Could someone with enough money fuel speculation to drive up the value of the currency by himself, and then dump everything and get out? Is this a pump and dump scheme?
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Anonymous 2017-08-06 05:30:48 Post No.2970644
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Anonymous 2017-08-06 05:30:48 Post No.2970644 [Report]
How are you so fucking stupid? Heard of whales?
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Anonymous 2017-08-06 05:32:35 Post No.2970664
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Anonymous 2017-08-06 05:32:35 Post No.2970664 [Report]
Depends on where you buy it all from and if you buy it all at once

People would notice, and the price could adjust while people sell off to you, while others short the currency knowing you're causing a pump

And it depends on how much volume there is because a currency is worthless if pure the only person who has it (assuming it's not a petrodollar lol)
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Anonymous 2017-08-06 05:35:24 Post No.2970695
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Anonymous 2017-08-06 05:35:24 Post No.2970695 [Report]
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You are talking about "spoofing", and Bitfinex is already doing this:

https://medium.com/@bitfinexed/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4
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