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Author Topic: How many dollars of BTC purchases would it take to go to $10,000?  (Read 307 times)
creeps
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February 05, 2019, 03:01:58 PM
 #21

How many dollars of BTC purchases would it take to go to $10,000?
It needs a good computation and of course a more good news to achieve that level. There is no exact volume or amount for this because it will still depend on the seller and buyer. If there’s big volume on the resistance level, no one can know how much is that, especially if the buyer is not enough to beat that. Many resistance before we achieve that level again, a more dollars to come to make it happen.
thesmallgod
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February 06, 2019, 07:06:49 AM
 #22

it is not possible to calculate or estimate that. First BTC trading is not one sided. meaning as you are buying, some are selling and since you do not have control over buy and sell order since you are not the only one trading, it will be difficult to calculate the amount of buy order that will make the price of bitcoin rise to $10000. The only constant thing we all know about trading is that the price of crypto increase when there is high demand meaning increasing buy order but how much purchase that is needed to make price rise to fixed amount is not holistic
paramind22 (OP)
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February 06, 2019, 11:32:54 AM
 #23

I'm just looking for a rough estimate.  Something that has 30% give or take on either side.  Maybe the factor of time is the variable that confuses it and makes it impossible to calculate.  What if that money was spent at this moment in a constant buying pressure. 

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February 06, 2019, 11:50:56 AM
 #24

One could create a function to figure out an approximation.  For instance, you know that once it reaches $4000, then it would be more expensive to buy it.  Same thing with each dollar it climbs.    You could say it would cost 4 million to reach $10,000 a BTC, or you could say 50 million.  One is more accurate.
It is really hard to estimate the real transactions that are being carried out in bitcoin, you can view a partial summary with the total amount of trades being done in public exchanges and that is not an accurate estimate as there is over the counter sales which deals in millions of dollars worth of transactions being done privately on a daily basis, when the price of bitcoin was $10k the total market cap was close to $200 billion, we need more these investment from hedge funds and other financial institutions to see those levels again.
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February 06, 2019, 12:18:21 PM
 #25

Depends on demand and supply.

Even if you bring in millions of dollars and  most people are selling it won't have much impact on the price.
The demands has to be higher than the supply to have the required impact. This is what the bots working against the market relies on.
With enough money and crypto exchanges, the bots can theoretically be sent into massive confusion until the price is taken to a desired level.
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February 06, 2019, 12:22:45 PM
 #26

Depends on demand and supply.

Even if you bring in millions of dollars and  most people are selling it won't have much impact on the price.
The demands has to be higher than the supply to have the required impact. This is what the bots working against the market relies.
With enough money and crypto exchanges, the bots can theoretically be sent into massive confusion until the price is taken to a desired level.

It depends on the thickness of he order books actually.

If the order books are empty, I can sell 0.000001btc for $10k and the price will become $10k instantly. Maybe only for a second but it still will flash $10k.

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alonelyorange
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February 06, 2019, 12:47:13 PM
 #27

Not important how many dollar have you purchase to make bitcoin on higher price, but we need many investor will keep and hold their bitcoin asset for several month later, never sell your bitcoin because its the way how to make price grow up.
Davidbike1
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March 04, 2019, 09:05:45 PM
 #28

It could take only a penny if everyone quit freaking selling or putting sell orders on their coins.

Anyways if you wanted to know how much us dollars it will take to show the price on an exchange look at for example poloniex look at market depth and on the right red side for sell orders move the cursor on the red side to the point of $10,000 and at the instant time will tell you how many bitcoins and us dollars. Right now it shows that it takes 417 bitcoins and 1.8 million to make it to $5900
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March 04, 2019, 09:32:20 PM
 #29

Depends on demand and supply.

Even if you bring in millions of dollars and  most people are selling it won't have much impact on the price.
The demands has to be higher than the supply to have the required impact. This is what the bots working against the market relies.
With enough money and crypto exchanges, the bots can theoretically be sent into massive confusion until the price is taken to a desired level.

It depends on the thickness of he order books actually.

If the order books are empty, I can sell 0.000001btc for $10k and the price will become $10k instantly. Maybe only for a second but it still will flash $10k.
If an order book is empty, even one single buy order can skyrocket the price of Bitcoin to $10k level. Who is going to sell such amount in this price is another good question. In my opinion, OP is asking for a stable phrase of BTC price.

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