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Question: Someone dumps 600,000 coins all at once with no regard for $ amount they end up with, how low would we go?
50$ or higher - 22 (29.7%)
20$ - 8 (10.8%)
10$ - 13 (17.6%)
5$ - 5 (6.8%)
2.5$ - 4 (5.4%)
1.25$ - 5 (6.8%)
0.625$ - 0 (0%)
0.3125$ - 1 (1.4%)
0.15625$ - 2 (2.7%)
< 10 cents - 14 (18.9%)
Total Voters: 74

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Author Topic: [poll] Imagine the biggest dump of all time.  (Read 1555 times)
adamstgBit
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October 10, 2013, 02:00:17 AM
 #1


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Kluge
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October 10, 2013, 02:04:26 AM
 #2

$1xx in the case where it's the FBI (though they currently don't control the coins as far as we know), since it would be known, and bids would already be up in anticipation of the dump.

I'd guess it'd instead be auctioned if they were to end up controlling DPR's (rather, SR users') coins, where the buyer probably wouldn't do a full-retard dump.

Don't mix your coins someone said isn't legal
adamstgBit
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October 10, 2013, 02:11:04 AM
 #3

$1xx in the case where it's the FBI (though they currently don't control the coins as far as we know), since it would be known, and bids would already be up in anticipation of the dump.

I'd guess it'd instead be auctioned if they were to end up controlling DPR's (rather, SR users') coins, where the buyer probably wouldn't do a full-retard dump.

no way in hell...

600,000coins!
all at once!

i'm saying 10$, that my best guess

of course the market would bounce like a mofo after a generous dump like that, but still saying the bottom would be above 50$ is completely unrealistic, i think....

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October 10, 2013, 02:16:26 AM
 #4

We'd obviously go down real low, but we'd most likely instantly recover to $50+ I'm thinking... It doesn't take a genius to realise that's not much more than 5% of the current Bitcoins in circulation, and those being dumped shouldn't cause a drop to anything too severe.
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October 10, 2013, 02:25:39 AM
 #5

We'd obviously go down real low, but we'd most likely instantly recover to $50+ I'm thinking... It doesn't take a genius to realise that's not much more than 5% of the current Bitcoins in circulation, and those being dumped shouldn't cause a drop to anything too severe.

i guess the poll isn't clear, of course we would bounce back above 50. ( i think we'd bounce back to 70-105 range no matter how many coins are dumped )

what's not so clear is how low would the bottom be ( even if we are their for a 1/10th of a second )

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October 10, 2013, 02:29:00 AM
 #6

Your caption covers the memegenerator logo.
Is that how it was supposed to be? It doesn't looks good  Undecided

adamstgBit
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October 10, 2013, 02:31:34 AM
 #7

Your caption covers the memegenerator logo.
Is that how it was supposed to be? It doesn't looks good  Undecided

i tried something else


Zaih
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October 10, 2013, 02:57:39 AM
 #8

We'd obviously go down real low, but we'd most likely instantly recover to $50+ I'm thinking... It doesn't take a genius to realise that's not much more than 5% of the current Bitcoins in circulation, and those being dumped shouldn't cause a drop to anything too severe.

i guess the poll isn't clear, of course we would bounce back above 50. ( i think we'd bounce back to 70-105 range no matter how many coins are dumped )

what's not so clear is how low would the bottom be ( even if we are their for a 1/10th of a second )

Well there's no where near enough buy orders to fill this. So if all coins were sold instantly they'd hit 0.00001 (Or whatever the lowest unit of price is on Gox/Stamp)? lol
adamstgBit
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October 10, 2013, 02:59:03 AM
 #9

We'd obviously go down real low, but we'd most likely instantly recover to $50+ I'm thinking... It doesn't take a genius to realise that's not much more than 5% of the current Bitcoins in circulation, and those being dumped shouldn't cause a drop to anything too severe.

i guess the poll isn't clear, of course we would bounce back above 50. ( i think we'd bounce back to 70-105 range no matter how many coins are dumped )

what's not so clear is how low would the bottom be ( even if we are their for a 1/10th of a second )

Well there's no where near enough buy orders to fill this. So if all coins were sold instantly they'd hit 0.00001 (Or whatever the lowest unit of price is on Gox/Stamp)? lol


i think bots & super fast humans can place bid while orders are being filled, i think this is true for Gox anyway.

Kluge
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October 10, 2013, 03:01:49 AM
 #10

We'd obviously go down real low, but we'd most likely instantly recover to $50+ I'm thinking... It doesn't take a genius to realise that's not much more than 5% of the current Bitcoins in circulation, and those being dumped shouldn't cause a drop to anything too severe.

i guess the poll isn't clear, of course we would bounce back above 50. ( i think we'd bounce back to 70-105 range no matter how many coins are dumped )

what's not so clear is how low would the bottom be ( even if we are their for a 1/10th of a second )

Well there's no where near enough buy orders to fill this. So if all coins were sold instantly they'd hit 0.00001 (Or whatever the lowest unit of price is on Gox/Stamp)? lol


i think bots & super fast humans can place bid while orders are being filled, i think this is true for Gox anyway.
Oh. I think we all forgot to factor in the exchanges crapping out, too.  Cheesy

Don't mix your coins someone said isn't legal
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October 10, 2013, 03:27:03 AM
 #11

We'd obviously go down real low, but we'd most likely instantly recover to $50+ I'm thinking... It doesn't take a genius to realise that's not much more than 5% of the current Bitcoins in circulation, and those being dumped shouldn't cause a drop to anything too severe.

i guess the poll isn't clear, of course we would bounce back above 50. ( i think we'd bounce back to 70-105 range no matter how many coins are dumped )

what's not so clear is how low would the bottom be ( even if we are their for a 1/10th of a second )

Well there's no where near enough buy orders to fill this. So if all coins were sold instantly they'd hit 0.00001 (Or whatever the lowest unit of price is on Gox/Stamp)? lol


i think bots & super fast humans can place bid while orders are being filled, i think this is true for Gox anyway.

Actually no, which is why when super large market orders go thru, there are always a set of random buys and sells afterwards. Those were made during the lag. (Ofc. if there is no lag, then this doesnt apply)

Ive tried to catch them before, doesnt work.
DavidBAL
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October 10, 2013, 03:31:21 AM
 #12

Here's to hoping they would use Mt. Gox... joke would be on them lol  Wink You said you wanted that in USD huh?

I am an investor, entrepreneur, and CEO @BTC Media http://www.linkedin.com/pub/david-bailey/22/641/b53 ...
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adamstgBit
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October 10, 2013, 03:46:34 AM
 #13

Here's to hoping they would use Mt. Gox... joke would be on them lol  Wink You said you wanted that in USD huh?

that would be halirous

new headline reads

"FBI sue's MTGox after month of waiting on a USD transfer "

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October 10, 2013, 05:08:52 AM
 #14

Why is this a discussion? We can see the bid depth and we know that most of the major exchanges lock and execute market orders all at once without giving any bids time to fill in. Even on mtgox that is somewhere below $1.
theonewhowaskazu
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October 10, 2013, 05:14:19 AM
 #15

If it really went down to $1, my checking account would suddenly be $10000 dollars smaller and my Bitcoin wallet would be 10000 coins larger.

derpinheimer
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October 10, 2013, 05:19:59 AM
 #16

Why is this a discussion? We can see the bid depth and we know that most of the major exchanges lock and execute market orders all at once without giving any bids time to fill in. Even on mtgox that is somewhere below $1.

I think its meant to reassure Adam on his position Wink

The price would be > 0.05; < 0.15

However this relies on a 600kBTC dump, which is.. assuming all else is possible, probably wrong because... DPR probably doesnt have 600k.

But, it also relies on:

1. Using an exchange
2. Acquiring the coins
3. Selling them without bitcoin going to the moon [Although I think 600k BTC dump would have immense effects, even if it were >1000, >100000, > 100000000. Somewhere around -90% to -99.9% value.
4. Gov't opting to sell the coins rather than delete or hold them.
5. Many other things.
6. It might actually look like I have 6 reasons if you dont read what I'm writing.
7. Not actually sure if there are this many main points.
8. End of the world (NOT occurring)

adamstgBit
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October 10, 2013, 05:32:59 AM
 #17

Why is this a discussion? We can see the bid depth and we know that most of the major exchanges lock and execute market orders all at once without giving any bids time to fill in. Even on mtgox that is somewhere below $1.

mostly i wanted to post the meme



I lol'd, I lol'd pretty hard!

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October 10, 2013, 06:01:19 AM
 #18

I think we'd see something around the $50 price, only because of how many bitcoins are already into existence. If we had far less bitcoins floating around, then sure, it's reasonable to expect that bitcoin would go below $50 but that's not the case now.

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tutkarz
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October 10, 2013, 06:19:13 AM
 #19

They will sell them at auction, not exchange because they will get better price for them and they have to do it publicly.

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October 10, 2013, 10:23:06 AM
 #20

Well, if it happens I would love to buy some 10 dollar coins  Cheesy
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