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Except if you tried to unload 189,000 bitcoin you would crash the value back down significantly. The BTC's low volume is th reason why the price rises and falls
by cylinder 13y ago
Except if you tried to unload 189,000 bitcoin you would crash the value back down significantly. The BTC's low volume is th reason why the price rises and falls so quickly.
- mrb 13y agoYou are mistaken. In the last 30 days, on the top 3 exchanges (btcchina, mtgox, bitstamp), there has been more than 3 million bitcoins sold [1], and yet we saw the exchange rate increase over the last month. So it would be relatively easy to sell 189,000 bitcoins, spreading the trades over 30 days, even on only 1 of these exchanges, without causing a big crash. [1] http://bitcoinity.org/markets/list?currency=ALL&span=30d http://bitcoinity.org/markets/list?currency=ALL&span=30d
- aestra 13y agoYou don't have to sell those all at once. You can do it over a period of time.