What happens if a government or billionaire buys and holds 90% of litecoins, artificially reducing supply?

Asked Mar 10, 2015· 1 answer
Faisal KhanAnswered Mar 10, 2015
Can happen, but then disposing of the stock will be a problem. Just like you have artificially inflated the price, by introducing scarcity, without liquidity in the market, the price will stay up, but then it will take a long time for you to clear all the stock you have held, and the more you sell, the more liquid the market becomes thus reducing your ability to manipulate the market. Day traders could adversely go against your strategy.
Crypto SpeculationCrypto Market StructureCrypto TradingCrypto Treasury Management
Related in Crypto Exchanges, Trading and Markets
Why does Bitcoin’s price volatility seem to be decreasing (as observed around January 2014)?1 ansDigital Currency: What features of Bitcoin lead to its large price swings?1 ansWhy did the Chinese restrictions on Bitcoin cause such a sharp price crash?1 ansWhich major cryptocurrency exchanges are likely to fail (e.g., among the top 25)?1 ans