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One user (slush) lost $12k worth of bitcoins, but another (bitcoinica) lost upwards of [$40k-$50k - wrong]. EDIT: first report from bitcoinica was "over 10k bt
by kylebrown 15y ago
One user (slush) lost $12k worth of bitcoins, but another (bitcoinica) lost upwards of [$40k-$50k - wrong].
EDIT: first report from bitcoinica was "over 10k btc". Most recent report is 43,554 BTC, which would be worth almost $200k if liquidated on MtGox at the moment.
- bdonlan 15y agoIf all of those bitcoins were liquidated at once, that would probably depress the market significantly.
- kylebrown 15y agoUsing the current mtgox order book (mtgoxlive.com), such a sell would push the price from $4.60 (where it is now) down to about $4.00.
- wmf 15y agoNot that much, actually. If I'm reading it right, you could sell 50K BTC at $3.90, causing the market to drop "only" 17%. http://bitcoincharts.com/markets/mtgoxUSD_depth.html http://bitcoincharts.com/markets/mtgoxUSD_depth.html And some selling is going on: http://bitcoincharts.com/charts/mtgoxUSD#rg1ztgSzm1g10zm2g25zv http://bitcoincharts.com/charts/mtgoxUSD#rg1ztgSzm1g10zm2g25...
- nitrogen 15y agoAs someone who is unfamiliar with how exchanges work, I'm curious what an "ask" for 1.337 trillion dollars in bitcoins means, exactly: 1337000000000.00 1 (1) 272981 1405085033491
- bdonlan 15y agoNot entirely sure, but I believe this represents someone willing to sell 1 BTC for $1,337,000,000,000.00, where all sell orders in the order book add up to 272981 BTC and USD$1,405,085,033,491
- Tichy 15y agoOne of the hacked exchanges said they'd reimburse their clients, so I guess they'll buy roughly the amount that was stolen.