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Question: Imagine someone dumped 500 Million dollars all at once into bitcoin with no regard as to how much BTC he ends up with, where would bitcoin stabilize?
180 - 8 (7.6%)
300 - 11 (10.5%)
600 - 21 (20%)
1200 - 23 (21.9%)
2400 - 12 (11.4%)
4800 - 5 (4.8%)
9600 - 6 (5.7%)
19200 - 4 (3.8%)
> 38400 - 15 (14.3%)
Total Voters: 105

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Author Topic: [poll] Imagine the biggest pump of all time.  (Read 2238 times)
adamstgBit
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October 11, 2013, 02:52:06 PM
 #1


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TERA
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October 11, 2013, 03:17:49 PM
 #2

The other poll was not about where it would stabilize but where it would peak (bottom).
Miz4r
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October 11, 2013, 03:46:34 PM
 #3

Well the current market cap is around $1.5B, so adding $500M alone would approximately increase the price by around 33%. So I think the price will at the minimum stabilize around $180 after peaking at $1500 or higher. Probably a bit higher around $200-300 because of its speculative effect.

Bitcoin = Gold on steroids
derpinheimer
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October 11, 2013, 04:01:51 PM
 #4

Well the current market cap is around $1.5B, so adding $500M alone would approximately increase the price by around 33%. So I think the price will at the minimum stabilize around $180 after peaking at $1500 or higher. Probably a bit higher around $200-300 because of its speculative effect.

Peaking at 1500? Lol wut?

It would clearly be well in to the millions for a peak.

But I'd expect stabilization >10k.
BitChick
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October 11, 2013, 04:11:59 PM
 #5

$500M at once?  Do you have some insider information?  Wink

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Miz4r
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October 11, 2013, 04:26:01 PM
 #6

Well the current market cap is around $1.5B, so adding $500M alone would approximately increase the price by around 33%. So I think the price will at the minimum stabilize around $180 after peaking at $1500 or higher. Probably a bit higher around $200-300 because of its speculative effect.

Peaking at 1500? Lol wut?

It would clearly be well in to the millions for a peak.

But I'd expect stabilization >10k.

For only $500M pumped into the market? That's nowhere near enough to pump the price up into the 10000s much less millions.

Bitcoin = Gold on steroids
adamstgBit
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October 11, 2013, 04:31:36 PM
 #7

no way to know

someone dumping in this fashion could make people think someone has found a way to make real money out of thin air!  Shocked

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October 11, 2013, 04:33:26 PM
 #8

Price can be high in thousands, given that low percentage coins acting like a leverage on pricing.
derpinheimer
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October 11, 2013, 05:10:00 PM
 #9

Well the current market cap is around $1.5B, so adding $500M alone would approximately increase the price by around 33%. So I think the price will at the minimum stabilize around $180 after peaking at $1500 or higher. Probably a bit higher around $200-300 because of its speculative effect.

Peaking at 1500? Lol wut?

It would clearly be well in to the millions for a peak.

But I'd expect stabilization >10k.

For only $500M pumped into the market? That's nowhere near enough to pump the price up into the 10000s much less millions.

Yes, yes it is.

You dont seem to understand how the market works.
yayayo
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October 11, 2013, 10:58:12 PM
 #10

It would jump into the $ 1000-2000 range then crash massively and stabilize around $ 300.

I don't think such a pump desirable... we need solid growth not extreme volatility. So I hope the proposed buyer acts accordingly and buys tiny chunks over a longer period. Grin


ya.ya.yo!
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October 11, 2013, 11:34:43 PM
 #11

Well the current market cap is around $1.5B, so adding $500M alone would approximately increase the price by around 33%. So I think the price will at the minimum stabilize around $180 after peaking at $1500 or higher. Probably a bit higher around $200-300 because of its speculative effect.

Peaking at 1500? Lol wut?

It would clearly be well in to the millions for a peak.

But I'd expect stabilization >10k.

For only $500M pumped into the market? That's nowhere near enough to pump the price up into the 10000s much less millions.

Yes, yes it is.

You dont seem to understand how the market works.

Oh yes you're right please explain silly old me how the market works oh enlightened one.  Roll Eyes

Bitcoin = Gold on steroids
theonewhowaskazu
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October 12, 2013, 12:40:58 AM
 #12

Well the current market cap is around $1.5B, so adding $500M alone would approximately increase the price by around 33%. So I think the price will at the minimum stabilize around $180 after peaking at $1500 or higher. Probably a bit higher around $200-300 because of its speculative effect.

Peaking at 1500? Lol wut?

It would clearly be well in to the millions for a peak.

But I'd expect stabilization >10k.

For only $500M pumped into the market? That's nowhere near enough to pump the price up into the 10000s much less millions.

Yes, yes it is.

You dont seem to understand how the market works.

Oh yes you're right please explain silly old me how the market works oh enlightened one.  Roll Eyes

I think he's implying (and he's right, to an extent, but I highly doubt millions) that people would bandwaggon.

dree12
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October 12, 2013, 12:59:30 AM
 #13

Well the current market cap is around $1.5B, so adding $500M alone would approximately increase the price by around 33%. So I think the price will at the minimum stabilize around $180 after peaking at $1500 or higher. Probably a bit higher around $200-300 because of its speculative effect.

Peaking at 1500? Lol wut?

It would clearly be well in to the millions for a peak.

But I'd expect stabilization >10k.

For only $500M pumped into the market? That's nowhere near enough to pump the price up into the 10000s much less millions.

Yes, yes it is.

You dont seem to understand how the market works.

Oh yes you're right please explain silly old me how the market works oh enlightened one.  Roll Eyes

I think he's implying (and he's right, to an extent, but I highly doubt millions) that people would bandwaggon.

Not after a sudden 1000% jump, at least in the Bitcoin world. People would instead be selling on every other exchange as everyone starts yelling about another exchange hacked.
Le Happy Merchant
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October 12, 2013, 02:49:23 AM
 #14

Well the current market cap is around $1.5B, so adding $500M alone would approximately increase the price by around 33%. So I think the price will at the minimum stabilize around $180 after peaking at $1500 or higher. Probably a bit higher around $200-300 because of its speculative effect.

Peaking at 1500? Lol wut?

It would clearly be well in to the millions for a peak.

But I'd expect stabilization >10k.

For only $500M pumped into the market? That's nowhere near enough to pump the price up into the 10000s much less millions.

Yes, yes it is.

You dont seem to understand how the market works.

Oh yes you're right please explain silly old me how the market works oh enlightened one.  Roll Eyes

I think he's implying (and he's right, to an extent, but I highly doubt millions) that people would bandwaggon.

As of this very second, it would take $10.66 million to reach $1391/BTC on Mt.Gox.

If somebody put in a $500 million market order on gox, the price it would reach is as high as the first seller that realizes what is happening is able to set it.

derpinheimer
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October 12, 2013, 03:10:49 AM
 #15

Well the current market cap is around $1.5B, so adding $500M alone would approximately increase the price by around 33%. So I think the price will at the minimum stabilize around $180 after peaking at $1500 or higher. Probably a bit higher around $200-300 because of its speculative effect.

Peaking at 1500? Lol wut?

It would clearly be well in to the millions for a peak.

But I'd expect stabilization >10k.

For only $500M pumped into the market? That's nowhere near enough to pump the price up into the 10000s much less millions.

Yes, yes it is.

You dont seem to understand how the market works.

Oh yes you're right please explain silly old me how the market works oh enlightened one.  Roll Eyes

I think he's implying (and he's right, to an extent, but I highly doubt millions) that people would bandwaggon.

As of this very second, it would take $10.66 million to reach $1391/BTC on Mt.Gox.

If somebody put in a $500 million market order on gox, the price it would reach is as high as the first seller that realizes what is happening is able to set it.

Exactly.

And afterwards, the price would stabilize well over $1000, probably in the tens of thousands.

$500Mill USD is probably more than the amount of money invested in Bitcoin so far by a long shot. Double at least.

But the peak from the order would be well in to the millions. There are already asks on Gox for just this scenario. No one would be able to get astronomical asks hit beyond the first few seconds after the buy, but some would as..

During the order, probably in to the thousands (assuming Gox engine still isnt instantaneous orders), someone would have made another market order thinking, "Shit! Train is leaving without me" However, they cannot cancel the order, and it would execute after the price was brought in to the millions.

Of course with so much money entering the system the price would have to go up a lot.

Who would sell at $150 (Aside from some poor souls who placed asks during the order execution) after the price was just a million? Not many, thats for sure.

Shallow
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October 12, 2013, 04:22:19 AM
 #16

Is there even an exchange with an orderbook that could cover that kind of volume?

Walsoraj
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October 12, 2013, 04:30:55 AM
 #17

Poll does not include six and seven figure options. Therefore it fails.
cowandtea
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October 13, 2013, 02:45:50 PM
 #18

It would be $100,000 per Bitcoin...

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October 14, 2013, 12:09:28 AM
 #19

So I'm curious about the specifications for this question. given that a market order would entirely clear gox (and also bitstamp/ any other exchange even if all were used simultaneously), what does Mr rich troll do then? Wait with the remaining cash until new asks are placed?

Largest bidwall ever.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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October 14, 2013, 12:13:58 AM
 #20

It depends how high of an order the exchange allows. So it could theoretically be an order for 1 bitcoin at $400,000,000USD,  or one satoshi at $40,000,000,000,000,000USD/BTC...

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