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Bitcoin Forum > Economy > Economics > Speculation > There's a network with 9.7M BTC - are they going to sell?!
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Author Topic: There's a network with 9.7M BTC - are they going to sell?!  (Read 1094 times)
ruski (OP)
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August 19, 2012, 05:11:11 AM
Last edit: August 19, 2012, 05:25:02 AM by ruski
 #1
So, I was reading the charts, and I noticed something. It scared the hell out of me. There's nearly 10 million bitcoins in one system!

What do you think whoever owns them is going to do? Can you imagine the price drop if they dumped them all?! Are they Pirate's coins? I'm watching it now.. and there's a lot of bitcoins being moved around. This could be really bad. Because, if Bitcoins exist, they're surely going to be sold, right?

Right?

Roll Eyes

Link: http://bitcoincharts.com/markets/mtgoxUSD.html
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drakahn
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August 19, 2012, 05:19:13 AM
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true story.
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Yuhfhrh
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August 19, 2012, 05:19:38 AM
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Quote from: ruski on August 19, 2012, 05:11:11 AM
So, I was reading the charts, and I noticed something. It scared the hell out of me. There's nearly 10 million bitcoins in one system!

What do you think whoever owns them is going to do? Can you imagine the price drop if they dumped them all?! Are they Pirate's coins? I'm watching it now.. and there's a lot of bitcoins being moved around. This could be really bad. Because, if Bitcoins exist, they're surely going to be sold, right?

Right?

Roll Eyes

Oh crap, you're right! SELL!
VelvetLeaf
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August 19, 2012, 05:22:25 AM
 #4


http://www.bitcoinmonitor.com/
Quote from: ruski on August 19, 2012, 05:11:11 AM
So, I was reading the charts, and I noticed something. It scared the hell out of me. There's nearly 10 million bitcoins in one system!

What do you think whoever owns them is going to do? Can you imagine the price drop if they dumped them all?! Are they Pirate's coins? I'm watching it now.. and there's a lot of bitcoins being moved around. This could be really bad. Because, if Bitcoins exist, they're surely going to be sold, right?

Right?

Roll Eyes

You should at least give a link  Sad
http://www.bitcoinmonitor.com/
BTC : 1GN81dxzxyFPQsyAtdocXr5S9Mcg4wcfFG
LTC : LgmYvXsYXc4xdjsMKXJWqtagxVvioK6iaw
FC : 6dpSnKMtttUUYzaRu1EB7Lu18PBRVHU3V7
ruski (OP)
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August 19, 2012, 05:25:21 AM
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Quote from: VelvetLeaf on August 19, 2012, 05:22:25 AM


http://www.bitcoinmonitor.com/
Quote from: ruski on August 19, 2012, 05:11:11 AM
So, I was reading the charts, and I noticed something. It scared the hell out of me. There's nearly 10 million bitcoins in one system!

What do you think whoever owns them is going to do? Can you imagine the price drop if they dumped them all?! Are they Pirate's coins? I'm watching it now.. and there's a lot of bitcoins being moved around. This could be really bad. Because, if Bitcoins exist, they're surely going to be sold, right?

Right?

Roll Eyes

You should at least give a link  Sad
http://www.bitcoinmonitor.com/

You're right, how rude of me. How could anyone take me seriously without proof?
tiberiandusk
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August 19, 2012, 05:48:29 AM
 #6
Fine by me if they sell. I'm in this for the long haul and a sell-off like this would be perfect for getting cheap coins.
Bitcoin Auction House http://www.BitBid.net BTC - 1EwfBVC6BwA6YeqcYZmm3htwykK3MStW6N | LTC - LdBpJJHj4WSAsUqaTbwyJQFiG1tVjo4Uys Don't get Goxed.
drakahn
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August 19, 2012, 06:01:46 AM
 #7
Quote from: tiberiandusk on August 19, 2012, 05:48:29 AM
Fine by me if they sell. I'm in this for the long haul and a sell-off like this would be perfect for getting cheap coins.
Do you realise what the sell off of 10 million coins would do?
Up will be down
Day will be night
Atlas will be praised as a spiritual leader
Bitcoin Magazine will be released on time
Satoshi will be revealed to be Yoshio Nagahori
Gavin will turn out not to work for the CIA
It will be proven that there are only 151 pokemans
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coin_toss
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August 19, 2012, 10:09:45 AM
 #8
Quote from: drakahn on August 19, 2012, 06:01:46 AM
Quote from: tiberiandusk on August 19, 2012, 05:48:29 AM
Fine by me if they sell. I'm in this for the long haul and a sell-off like this would be perfect for getting cheap coins.
Do you realise what the sell off of 10 million coins would do?
Up will be down
Day will be night
Atlas will be praised as a spiritual leader
Bitcoin Magazine will be released on time
Satoshi will be revealed to be Yoshio Nagahori
Gavin will turn out not to work for the CIA
It will be proven that there are only 151 pokemans

Tom Williams desk will show up on craigslist.
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