|
Title: WATCH IT BITCOIN MAY HEAD SOUTH Post by: rumex on June 16, 2017, 07:02:35 AM South Korean Government to Auction Off $518,000 Worth of Bitcoin. https://www.cryptocoinsnews.com/south-korean-government-to-auction-off-518000-worth-of-bitcoin Title: Re: WATCH IT BITCOIN MAY HEAD SOUTH Post by: piloder on June 16, 2017, 08:13:17 AM Half a million dollar worth of bitcoin or that 216 bitcoin is not that huge to cause any massive dump on price, it might get eaten within 15 minutes ;D
Quote 3 percent of the auctioned amount will be considered as a fee It looks like KAMCO gonna make lots of money out of this auction. ;)Title: Re: WATCH IT BITCOIN MAY HEAD SOUTH Post by: slaman29 on June 16, 2017, 08:17:45 AM You're kidding right? Bitcoin was/is heading south, but have you noticed today's 10% rally? 216 bitcoins? Seriously? You see exchangers changing that much bitcoins in minutes. One tiny drop in a huge ocean.
Title: Re: WATCH IT BITCOIN MAY HEAD SOUTH Post by: Sniper44 on June 16, 2017, 08:22:15 AM South Korean Government to Auction Off $518,000 Worth of Bitcoin. https://www.cryptocoinsnews.com/south-korean-government-to-auction-off-518000-worth-of-bitcoin do you even have any idea how many more of these auctions have been in the history so far! in fact this one is one of the smaller ones and they never had any effect whatsoever on bitcoin price. mostly because these coins never reach the exchanges, they are auctioned off exchange and possibly sold by the winner of the auction off the exchanges. so there will never be any sell pressure because of them. and FYI bitcoin volume in past 24 hours was 700,000 BTC or $1,725,000 and that is just the start in a calm market, you should have checked it yesterday when the volume was twice this. |