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Title: What happens if someone dumps a million dollars into the market? Post by: bbit on November 15, 2011, 02:25:03 AM to buy bitcoins ?
Does it go up / down how does the market react to something like this ? ??? Title: Re: What happens if someone dumps a million dollars into the market? Post by: Vince Torres on November 15, 2011, 02:31:52 AM I don't know, but you can try it out at our website (Bitcoin testnet exchange). Trade-btc.com (http://trade-btc.com).
Title: Re: What happens if someone dumps a million dollars into the market? Post by: bbit on November 15, 2011, 02:34:00 AM I don't know, but you can try it out at our website (Bitcoin testnet exchange). Trade-btc.com (http://trade-btc.com). Cool, never seen this website before is it sort of like "play money" but for bitcoins? Title: Re: What happens if someone dumps a million dollars into the market? Post by: nmat on November 15, 2011, 02:37:37 AM to buy bitcoins ? Does it go up / down how does the market react to something like this ? ??? I don't understand the question. When someone sells coins that match the outstanding orders the price falls. What do you want to know? Title: Re: What happens if someone dumps a million dollars into the market? Post by: bbit on November 15, 2011, 02:39:53 AM to buy bitcoins ? Does it go up / down how does the market react to something like this ? ??? I don't understand the question. When someone sells coins that match the outstanding orders the price falls. What do you want to know? So if someone buys a million dollars worth of bitcoins then obviously there was outstanding order to sell a million worth of bitcoins right? I think you answered it not sure. Title: Re: What happens if someone dumps a million dollars into the market? Post by: Vince Torres on November 15, 2011, 02:40:12 AM to buy bitcoins ? Does it go up / down how does the market react to something like this ? ??? I don't understand the question. When someone sells coins that match the outstanding orders the price falls. What do you want to know? I think he's trying to figure out if the market goes up or down. The market's fate likely resides in the hands of the guy with the million. If he wants to go up it most likely will, likewise in the other direction. Title: Re: What happens if someone dumps a million dollars into the market? Post by: nmat on November 15, 2011, 02:47:37 AM So if someone buys a million dollars worth of bitcoins then obviously there was outstanding order to sell a million worth of bitcoins right? I think you answered it not sure. The bitcoin price is defined when a bid order matches a sell order. If there is 1 million dollars worth of pending sell orders, then you can spend 1 million dollars on bitcoins. If not, you can buy as much as you like until all sell orders are bought. Title: Re: What happens if someone dumps a million dollars into the market? Post by: bbit on November 15, 2011, 02:50:22 AM So if someone buys a million dollars worth of bitcoins then obviously there was outstanding order to sell a million worth of bitcoins right? I think you answered it not sure. The bitcoin price is defined when a bid order matches a sell order. If there is 1 million dollars worth of pending sell orders, then you can spend 1 million dollars on bitcoins. If not, you can buy as much as you like until all sell orders are bought. Thanks figured that much just didn't know how that effected the market. Title: Re: What happens if someone dumps a million dollars into the market? Post by: bbit on November 15, 2011, 02:51:15 AM to buy bitcoins ? Does it go up / down how does the market react to something like this ? ??? I don't understand the question. When someone sells coins that match the outstanding orders the price falls. What do you want to know? I think he's trying to figure out if the market goes up or down. The market's fate likely resides in the hands of the guy with the million. If he wants to go up it most likely will, likewise in the other direction. this ^^ Title: Re: What happens if someone dumps a million dollars into the market? Post by: FreeTrade on November 15, 2011, 03:06:26 AM to buy bitcoins ? Does it go up / down how does the market react to something like this ? ??? It would probably fuel the next bubble. Another bubble would be really good news for Bitcoin. Right now I think there are a lot of people who think it was a pump'n'dump. That it reached a high in a mania and is now slowly trending towards 0. The next bubble will confirm its status as something that it goes through bubble and crash cycles like many other investments, although probably much, much faster. The next bubble is going to be a lot bigger. Title: Re: What happens if someone dumps a million dollars into the market? Post by: notme on November 15, 2011, 03:24:44 AM to buy bitcoins ? Does it go up / down how does the market react to something like this ? ??? It would probably fuel the next bubble. Another bubble would be really good news for Bitcoin. Right now I think there are a lot of people who think it was a pump'n'dump. That it reached a high in a mania and is now slowly trending towards 0. The next bubble will confirm its status as something that it goes through bubble and crash cycles like many other investments, although probably much, much faster. The next bubble is going to be a lot bigger. In other words, double your investment, pull out and get some popcorn. Title: Re: What happens if someone dumps a million dollars into the market? Post by: adamstgBit on November 15, 2011, 03:31:27 AM to buy bitcoins ? Does it go up / down how does the market react to something like this ? ??? if someone was to try and buy 1 million dollars worth... he would first buy all the bitcoin on the bit wall... most likely people would cancel their asks when they see this happening, and ask for more $ then people would realize he appears to want to buy btc at any cost and so they will jack up their asking price... other poeple would see this as an opportunity to "get out" and sell their coins to him at wtv cost he is willing to pay. And bubble #2 is born! this would be very exciting to watch. and then after this is all done the price would be at like 30$ but would go back down very quickly... or maybe not because he will have bought all the coins off everyone with intention to sell.... hmmmmm, someone should just dump 1 million dollars and see what happens... make it 5 mill while your at it 8) this guy would have to be crazy to Buy 1 mill in one day... what a sane person would do is buy 5,000$... and then wait for the price to drop again buy another 5,000$.. repeat Title: Re: What happens if someone dumps a million dollars into the market? Post by: evoorhees on November 15, 2011, 03:36:21 AM to buy bitcoins ? Does it go up / down how does the market react to something like this ? ??? It would probably fuel the next bubble. Another bubble would be really good news for Bitcoin. Right now I think there are a lot of people who think it was a pump'n'dump. That it reached a high in a mania and is now slowly trending towards 0. The next bubble will confirm its status as something that it goes through bubble and crash cycles like many other investments, although probably much, much faster. The next bubble is going to be a lot bigger. +1 There will be many bitcoin bubbles. Title: Re: What happens if someone dumps a million dollars into the market? Post by: bosschair on November 15, 2011, 05:17:04 AM Define "dumps." If you put in a market price order for a million dollars, the price goes through the roof and you get brutally raped by buying bitcoins at ever-increasing prices until the market runs out of sellers or you run out of money. If you put in a bid for a million dollars at a specific price that's below the market price, you might influence the price towards that price, but you might not. If you put in a bid for a million dollars at a specific price that's above the market price, the market price would immediately bump up to exactly your price, and you'd have bought however many bitcoins were outstanding with Asks below that price, plus have a giant outstanding order left over.
Title: Re: What happens if someone dumps a million dollars into the market? Post by: adamstgBit on November 15, 2011, 05:37:35 AM Define "dumps." If you put in a market price order for a million dollars, the price goes through the roof and you get brutally raped by buying bitcoins at ever-increasing prices until the market runs out of sellers or you run out of money. If you put in a bid for a million dollars at a specific price that's below the market price, you might influence the price towards that price, but you might not. If you put in a bid for a million dollars at a specific price that's above the market price, the market price would immediately bump up to exactly your price, and you'd have bought however many bitcoins were outstanding with Asks below that price, plus have a giant outstanding order left over. if you bought 1 mill coins at a fixed price.... weather 0.20$ bellow or above market value... the price would definitely go up after the order is filled. that's about 400,000BTC. supply goes down, demand is the same = price goes up Title: Re: What happens if someone dumps a million dollars into the market? Post by: P4man on November 15, 2011, 08:03:47 AM The first bubble hasnt ended yet. You dont seriously think $2+ is a value based on demand for trade? At least 90% of that is still speculative.
Title: Re: What happens if someone dumps a million dollars into the market? Post by: bosschair on November 16, 2011, 12:53:30 AM if you bought 1 mill coins at a fixed price.... weather 0.20$ bellow or above market value... the price would definitely go up after the order is filled. that's about 400,000BTC. supply goes down, demand is the same = price goes up LOL, yeah it's just that simple. How do you even know your $1MM order will be filled? It could take months. Title: Re: What happens if someone dumps a million dollars into the market? Post by: FreeMoney on November 16, 2011, 02:47:44 AM I think he's trying to figure out if the market goes up or down. The market's fate likely resides in the hands of the guy with the million. If he wants to go up it most likely will, likewise in the other direction. So he can somehow buy $1M at below market rates? I think this is what he'll choose then and we've somehow established that huge demand pushes prices down. Title: Re: What happens if someone dumps a million dollars into the market? Post by: dree12 on November 16, 2011, 02:50:49 AM I think he's trying to figure out if the market goes up or down. The market's fate likely resides in the hands of the guy with the million. If he wants to go up it most likely will, likewise in the other direction. So he can somehow buy $1M at below market rates? I think this is what he'll choose then and we've somehow established that huge demand pushes prices down. Title: Re: What happens if someone dumps a million dollars into the market? Post by: adamstgBit on November 16, 2011, 05:44:27 AM if you bought 1 mill coins at a fixed price.... weather 0.20$ bellow or above market value... the price would definitely go up after the order is filled. LOL, yeah it's just that simple. How do you even know your $1MM order will be filled? It could take months.that's about 400,000BTC. supply goes down, demand is the same = price goes up my guess: at 3$ ... it will take hours to fill at 2.5 you'll get about 50,000 btc a day at 2$ you'll never get 1 damn coin. Note: this topic should be moved to Speculation Title: Re: What happens if someone dumps a million dollars into the market? Post by: Litt on November 16, 2011, 04:15:55 PM Hmm I wanna see a $1m bidwall and see what that does.
Title: Re: What happens if someone dumps a million dollars into the market? Post by: bbit on November 16, 2011, 06:28:35 PM Hmm I wanna see a $1m bidwall and see what that does. Should I try it out ? :P Title: Re: What happens if someone dumps a million dollars into the market? Post by: adamstgBit on November 16, 2011, 10:26:53 PM Hmm I wanna see a $1m bidwall and see what that does. Should I try it out ? :P Time is now! place your bid 0.15$ below market price. commit to leaving it there no matter what. people will be testing your metal shortly! Title: Re: What happens if someone dumps a million dollars into the market? Post by: FreeMoney on November 16, 2011, 10:29:26 PM Hmm I wanna see a $1m bidwall and see what that does. We saw a quarter mil wall like 2 days ago. Title: Re: What happens if someone dumps a million dollars into the market? Post by: bbit on November 16, 2011, 10:33:50 PM Hmm I wanna see a $1m bidwall and see what that does. Should I try it out ? :P Time is now! place your bid 0.15$ below market price. commit to leaving it there no matter what. people will be testing your metal shortly! Actually, not a bad idea lol just set it a .15 cents and good to go! Title: Re: What happens if someone dumps a million dollars into the market? Post by: adamstgBit on November 16, 2011, 10:40:38 PM Hmm I wanna see a $1m bidwall and see what that does. We saw a quarter mil wall like 2 days ago. this wall, as with ever other wall of more then 100,000 gets canceled the minute people start to touch it what would happen if a 1mill dollar wall was actually for real? |