What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
Hey
Well there sure is..a very big effect on bitcoins this way...
If someone who owns a very huge amount and he dumps the bitcoins then the market value of bitcoins decreases..
Instead if they would have choosed to hold it on..then it would have been a different matter.
Its always nice to hold on... Since by doing this you are not ... Letting that part of bitcoins go in the market... Thus.. the .. value of the remaining ... Bitcoins increases...
But if you dump.... Suddenly... Many bitcoins are available and..when there is.. huge supply and..less demand then the price will go down obviously...