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Topic: Alt coin pump/dump (Read 2492 times)

global moderator
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
June 14, 2013, 10:10:37 AM
#9
If bitcoin loses value, more people can afford to buy bitcoins that would be used to buy alt coins. Basically the price of alt coins would increase.
Not all of them. I think LTC's price would increase and the other alts would have a slight increase that would probably go unnoticed.
hero member
Activity: 574
Merit: 500
June 14, 2013, 10:03:32 AM
#8
If bitcoin loses value, more people can afford to buy bitcoins that would be used to buy alt coins. Basically the price of alt coins would increase.
global moderator
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
June 14, 2013, 09:51:15 AM
#7
I think yes.
newbie
Activity: 7
Merit: 0
June 13, 2013, 06:43:21 PM
#6
Yes, It would decrease.
sr. member
Activity: 406
Merit: 250
June 13, 2013, 04:51:49 PM
#5
But BTC's value will rise right?
That's what's called pumping?
And opposite dumping?

Supply and demand, yes.

People pump it when they want you to buy what they are selling
People dump on it when they want you to sell them what they want to buy
Rinse, repeat.

Just like the stock market or the Forex.
member
Activity: 71
Merit: 11
June 13, 2013, 04:41:11 PM
#4
But BTC's value will rise right?
That's what's called pumping?
And opposite dumping?
newbie
Activity: 53
Merit: 0
June 13, 2013, 11:11:39 AM
#3
I think yes, yes it does.
newbie
Activity: 43
Merit: 0
June 13, 2013, 10:43:40 AM
#2
Yes, It can decrease a little bit.
member
Activity: 71
Merit: 11
June 13, 2013, 09:54:59 AM
#1
If there's an huge BTC order, does the value of the other coins decrease?(Ie.0.00XX/BTC)
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