Rich guy wants to buy Bitcoins for aproximately 10 million EUR

[kylemigs]

Who is to say what "too high"  is?    He sounds like a qualified investor, let him decide.

+1

just put in giant bid walls

limit orders on multiple exchanges

+1

Whether this is legit or not, who's arguing against new money being dumped into the bitcoin markets?

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[dwdoc]

One friend of mine wants to buy Bitcoins for aprox. 10 million EUR until end of August. He wants to hold them as a long time investment. I explained to him that market is currently not deep enough and that such demand (130k BTC at current price) will push price too high.

If someone has any useful advice how can he complete this task, please send to me private message.

Thx!

I doubt a guy with 10 million EUR to invest needs our advice but I'll bite:

Pick a random time each day for the next 50 days and buy 20,000 EUR worth of BTC at market price each day on Mt Gox (dollar cost averaging).

[dRMergatroid]

Why not buy 10 million worth of asic chips?
I'd be happy to manage his investment

[ask]

Thank you all for your ideals and private messages.