jcharles (OP)
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June 17, 2013, 11:44:55 PM |
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What would happen if someone bought 1 million BQC?
How would the market react?
Has a purchase that huge happened before?
If anyone has anything to say about the BBQ coin market, please do it here.
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Adelex
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June 18, 2013, 12:11:12 AM |
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Only one way to find out.
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jcharles (OP)
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June 18, 2013, 12:14:49 AM |
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I dont have that type of money though.
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dbkeys
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June 18, 2013, 12:27:35 AM |
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I imagine that basic supply and demand laws would apply. What kind of buy order would it be ? Would it be a strict limit order (ie, don't pay more than X BTC / BQC ? Then the buyer might be able to keep the total price of his purchase down, particularly if it were done over many days in many smaller buys. But if the buy order was not a limit order, I suspect the price of BQC would surge. http://en.wikipedia.org/wiki/Supply_and_demand |
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jcharles (OP)
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June 18, 2013, 12:39:53 AM |
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I imagine that basic supply and demand laws would apply. What kind of buy order would it be ? Would it be a strict limit order (ie, don't pay more than X BTC / BQC ? Then the buyer might be able to keep the total price of his purchase down, particularly if it were done over many days in many smaller buys. But if the buy order was not a limit order, I suspect the price of BQC would surge. http://en.wikipedia.org/wiki/Supply_and_demandWell I was referring to the price of BQC after a one time investment of 1 million BQC. I agree that it would surge but to what extent? If the buyer does not dump after, can that price stick? |
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dbkeys
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June 19, 2013, 04:22:53 AM |
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If the buyer (holder of 1 million BBQ) does not dump them, it would depend on what other holders of the coin would do. If they thought the price was attractive, perhaps many would put in sell orders, and the price would dwindle back down. It could happen dramatically. Look at BTC last April ... it hit over $250 USD / BTC in the wake of the Cyprus crisis... but many holders obviously thought that was a great point to sell, and it rapidly dwindled to $70 USD / BTC before stabilizing around $100 USD / BTC.
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Jesus
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June 19, 2013, 05:27:26 AM |
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The market would crash probably
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Lothy
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June 19, 2013, 05:49:35 AM |
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Im guessing there would be the initial climb and if that was the only order the price would eventually fall back down
Supply Vs Demand
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fuzz
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June 19, 2013, 07:36:50 AM |
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Buy the 1 mil BQC so I can sell my current coins at the peak.
Thanks.
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naphto
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June 19, 2013, 09:12:09 AM |
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That will not happen, so why do you even ask?!
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Atruk
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June 19, 2013, 11:10:42 AM |
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Why would anyone buy BQC when they can just buy actual BBQ meats?
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jcharles (OP)
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June 19, 2013, 01:40:47 PM |
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Buy the 1 mil BQC so I can sell my current coins at the peak.
Thanks.
Will the prices reach a peak the moment I place a buy order for 1 mil BQC? BTW BQC markets arent looking too good at the moment for seller! |
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mco65
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June 19, 2013, 05:49:03 PM |
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I think it really depends on what the buyer does after the fact. If he hoards the 1 mill BQC then supply will remain Low which initially will create a bump in demand and price. However, over the long haul, I don't think BQC will hold water and the buyer will be forced to sell at a loss.. causing the price to plummet.. and never recover.. JMO
If the buyer buys with intentions of selling soon after, he will make an initial profit but will probably sell at a loss before the entire 1 mill allotment is sold off.. breaking even is probably a long shot..
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