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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 2247 times)
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October 14, 2013, 10:35:47 AM

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

Not a single bitcoin has to be traded, it is only necessary to have a revaluation on the part of the market participants, and a few small trades to discover the price. Im am sure there will be volume though, because the revaluation will not be the same for all traders. The new traders represent the bulk of the valuation change, permabulls will not change.

°º¤ø,¸¸,ø¤º°`°º¤ø, Fund Fantasy ,ø¤°º¤ø,¸¸,ø¤º°`°º¤ø,¸
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October 15, 2013, 03:29:58 AM

Lol, totally saving this one.

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