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wow. So if someone has looked, could you summarize the history of the sending address? (When did it have transactions, etc.) Also, if someone wanted to turn
by logicallee 7y ago
wow. So if someone has looked, could you summarize the history of the sending address? (When did it have transactions, etc.)
Also, if someone wanted to turn this into fiat currency over a short but not instant period of time (such as 1 month for example), could they get close to 1,018,147,922 USD or even over 30 days would that diminish the price too much?
(I am thinking for example if an institutional investor early on bought 94,504 bitcoins and "just realized" they have it or something, but only really cared about dollars or their fund is over and they have to pay out the cash or whatever. For whatever reason, if they want cash now.)
Thanks for any expert opinions.
- theWheez 7y agoIt looks like this twitter account is trying to do just that https://twitter.com/thetokenanalyst/status/1169929738607124482 https://twitter.com/thetokenanalyst/status/11699297386071244... I am not an expert and this is a very rough estimate, but this data[0] shows 7-day rolling USD trading volume on major exchanges. It's pretty volatile but fluctuates from $300m to $110m daily. I would guess that this is liquid enough to be able to pull out $1b+ over 30 days, perhaps drawing some attention. This is also only for USD. Would love to hear an expert's thoughts as well. [0]: https://www.blockchain.com/en/charts/trade-volume?timespan=60days&daysAverageString=7 https://www.blockchain.com/en/charts/trade-volume?timespan=6...