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Topic: What happens if someone dumps a million dollars into the market? - page 2. (Read 2684 times)

sr. member
Activity: 337
Merit: 250
to buy bitcoins ?

Does it go up / down  how does the market react to something like this ? Huh

I don't understand the question. When someone sells coins that match the outstanding orders the price falls. What do you want to know?

I think he's trying to figure out if the market goes up or down. The market's fate likely resides in the hands of the guy with the million. If he wants to go up it most likely will, likewise in the other direction.
legendary
Activity: 1330
Merit: 1000
Bitcoin
to buy bitcoins ?

Does it go up / down  how does the market react to something like this ? Huh

I don't understand the question. When someone sells coins that match the outstanding orders the price falls. What do you want to know?

So if someone buys a million dollars  worth of bitcoins then obviously there was outstanding order to sell a million worth of bitcoins right? I think you answered it not sure.
hero member
Activity: 602
Merit: 502
to buy bitcoins ?

Does it go up / down  how does the market react to something like this ? Huh

I don't understand the question. When someone sells coins that match the outstanding orders the price falls. What do you want to know?
legendary
Activity: 1330
Merit: 1000
Bitcoin
I don't know, but you can try it out at our website (Bitcoin testnet exchange). Trade-btc.com.

Cool, never seen this website before is it sort of like "play money" but for bitcoins?
sr. member
Activity: 337
Merit: 250
I don't know, but you can try it out at our website (Bitcoin testnet exchange). Trade-btc.com.
legendary
Activity: 1330
Merit: 1000
Bitcoin
to buy bitcoins ?

Does it go up / down  how does the market react to something like this ? Huh
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