3 ms·

> $100M is a huge amount in these shallow markets. Is it? What are your sources?

• arcticbull 5y ago
  Coinlib says USD trading volume today was $193M vs $5.2B in 3%-backed ersatz dollars (USDT). So that's 60% of a day's entire trading volume globally. [1] https://coinlib.io/coin/BTC/Bitcoin https://coinlib.io/coin/BTC/Bitcoin
  • ur-whale 5y ago
    I very much doubt the USistan racketeer will demand its dues to be paid in full the day after tomorrow. I also very much doubt that selling USD 100M worth of crypto over the course of a couple of months will have any sizable effects on the markets.
    • jkhdigital 5y ago
      Especially when you’ve got companies like Tesla buying $1.5B. All it takes is one more midsize corporate CFO getting redpilled and converting a chunk of the treasury into crypto.
      • arcticbull 5y ago
        Tesla's purchase covered about 5 weeks of miner fees. It burned up long before it was even announced.