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Author Topic: How to trade 10000 BTC without crashing the market.  (Read 113 times)
CypherCulture (OP)
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January 12, 2018, 02:18:52 AM
 #1

How to trade 10000 BTC without crashing the market.

If you are Satoshi!

Common consensus seems to be that Satoshi (Or as we are certain: The entity(s) that appear to have mined the earliest of blocks worth many millions and has since not traded a satoshi.)
Has hodled every coin.  Due to circumstances that you will never know.

But what is preventing the trading of keys.  They are not your coins if you don't own the keys!

Trust is involved.  Decentralized trust.
Beefcake
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January 12, 2018, 02:26:21 AM
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One would do what every mutual fund does when buying stocks in large quantities, that is small orders over a period of days or weeks.  Added advantage is forced dollar cost averaging.  Of course one could also crash the market, and then buy low, rinse and repeat, but there aren't any traders out there doning such things are there?

Its why many traders keep an eye on volume.  Increased trading volume in joint with price movements can signify a change in opinion or a whale moving in or out.
hatshepsut93
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January 12, 2018, 02:52:16 AM
 #3

How to trade 10000 BTC without crashing the market.

If you are Satoshi!

Common consensus seems to be that Satoshi (Or as we are certain: The entity(s) that appear to have mined the earliest of blocks worth many millions and has since not traded a satoshi.)
Has hodled every coin.  Due to circumstances that you will never know.

But what is preventing the trading of keys.  They are not your coins if you don't own the keys!

Trust is involved.  Decentralized trust.

1) 10,000 BTC won't crash the market too hard, this is "only" 133 millions and Bitcoin's daily volume is 16 billions. By quickly looking at market depth, I'd say that dumping 10,000 coins would drop BTC to around $10,500 from the current $13,400.

2) Usually big sums are traded over the counter to avoid moving the market, and both sides are benefiting from it.

3) We can't know for sure if Satoshi is hodling all his coins or may sold some of them at some point, because no one really knows what addresses belong to him for sure. People speculate that he owns 1 million coins, but they don't sit in one address, most likely they are split in 50 BTC chunks of untouched miner rewards.

4) No one in their right mind would agree to buy a private key, so it's not an option for an off-chain private transactions.
kdn
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January 12, 2018, 03:39:04 AM
 #4

The issue with large sums of cryptos is getting them back into the fiat system where they are of any use.

Depositing a million into your bank account will raise a lot of eye brows, but think about this, there is no need to deposit into my own account, buy a house and get the exchange to deposit the funds into their account, do that for the boat and car too! How is anyone ever going to figure out how you managed to buy a million dollar property without ever having enough funds to do so? (other than friends and family)
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