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You'll know things are stable when a million dollar purchase of BTC shifts the market cap by ~$1 million. In all fairness, this is nothing special about BTC. F
by nhaehnle 13y ago
You'll know things are stable when a million dollar purchase of BTC shifts the market cap by ~$1 million.
In all fairness, this is nothing special about BTC. For every financial asset ever, an X$ amount of transactions shifts the market capitalization by more than X$.
That's what makes those "X billion $ value destroyed by stock market movement" stories so ridiculous.
It would be interesting though to see a comparison of BTC to a range of different stocks and other assets.