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July 09, 2013, 03:46:42 AM
Last edit: July 09, 2013, 04:53:59 AM by btcusr |
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I am not sure whether I have to post this to speculation, but this is more of a trading / exchange rate question.
Lets assume bitcoin generates interest among general public, and every month, the amount of money comes in to bitcoin exchanges is $5 million; and other markets like euro, GBP, yen, etc. are negligibly small and lets say everything together, about $10 million constant money inflow to exchanges.
If there is a trading entity whose goal is to push down BTC exchange rates, then what is the minimum amount require to prevent BTC exchange rates to go up.
One more assumption; BTC exchanges are fair and they are not colluding.
Another fact: There are limited number of units (about 11 million BTC, if smallest possible trading unit is mBTC, then there are 11 billion mBTC). I am not sure but just hope this count also contributes to price movement.
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