Quote:
Originally Posted by Paul&John
But is it possible to easily pump&dump HUGE amounts with btc?
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If you have enough capital you can manipulate anything, if someone had a ton of Bitcoins to sell and they dumped them all on the market it would keep going down as it ate it's way through the volume order book and would only stop once it ran out of buyers.
That's one of the reason why people are very skeptical of a lot of these new ALT Coins coming out, especially ones that have been pre mined because usually a couple of people own most of the coins and have the ability to manipulate the price.