Just curious /biz/. Would selling $100k worth of an altcoin drive

>>3138224
God damn, would racemix/10

>>3138224
Depends on the coin. ETH is an altcoin, selling 100K wouldn't do shit.

>>3138224
It depends if you fill all the buy orders at a certain price level. If that happens, you'll then start filling buy orders at lower and lower prices, until you've sold all of your $100k.

The prices we see are the prices of the last executed trade between a buyer and seller.

>>3138234
I am talking about new altcoins that just reached above $100

>>3138230
Fiona Barron

>>3138224
it all depends on the marketcap and volume

>>3138353
>>3138247

How do I learn more about this? Is there any resource online?

>>3138378

http://www.investopedia.com/terms/o/order-book.asp

the order book is only so deep both on sell and buy sides. if you sell a lot of coins at once you are fulfilling orders on the buy side. typically people want to buy low so you can sell into their orders progressively sinking the price lower and lower as you go through the higher priced orders.

>>3138378
Several ways to view it. One way is to go to https://coinmarketcap.com/currencies/

Click on your alt, click the 'markets' tab, then click on the pair that'll take to the exchange you want/have access to. You'll then see the order book and depth chart for that coin, on that exchange. For example, Eth/Btc on Poloniex https://poloniex.com/exchange/#btc_eth

It most likely would.

For instance, you hold 50,000 ShitcoinX worth $2 each. You place a sell order for $1.99 with all your 50,000 of your ShitcoinX. People will sell their's because... well... they want money and they won't mind undercutting you 1 cent. This keeps on happening, and the price eventually plummets to Earth.

This is also a strategy by whales to lower the prices of a coin. Then, they accumulate the shitcoin at the dips. They'll wait until they want to pump it, and then they'll buy a new lambo.