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The $12b described above is 120% of their BTC, then. To me, I view it as BTC that have no current USD representation in the ecosystem. They were transferred at
by floatingatoll 5y ago
The $12b described above is 120% of their BTC, then. To me, I view it as BTC that have no current USD representation in the ecosystem. They were transferred at a tiny USD per coin or something, so the total USD pressure was only $1000 and easily managed without any computer system realizing something big was happening.
So we have two major USD test datapoints: $1b (Tesla), $1000 (guy who bought 259864 BTC guy).
Swell. Let's add $12b to that list! It'll help understand what happens at 10^10 beyond Tesla's 10^9.
- omarhaneef 5y agoIt is 1200%, or 12x. But the point is if you can unload $1B in a week or month without influencing the price, that sets a rate and you can drop $12B over 12 weeks or months or whatever the rate was.