for me BTC is a currency so i dont mind the price drops but many people think of it as gold that will get price on the moon. really u believe Dell or other big copany holds any BTC? they drop tchem to market right away. more BTC sold = price smaller.
lol great one sided argument with lack of researching logic, psychology, or the other side.
imagine today some PERSON bought bitcoin for $600, and tomorrow they see a PC on dell for 1BTC, the customer will think long and hard and think, well the PC is worth $600 so the 1btc price is comparable. but then they are stuck with a PC which next year could resell for only $200, yet bitcoin could be worth $1200... and guess what customers wont spend their BTC right now they will either hold out or just use their FIAT.
ok fast forward a year. BTC is now $1200 the same customer thinks its really time to buy a PC, and see's one worth $600, ok thats worth 0.5BTC which in reality, only cost him $300 a year ago.. so now he is getting tempted to buy it using his bitcoin. so now customers that bought btc the previous year will spend them, and the $1200 would decrease to maybe $1150 at most. and i will explain why
1. to make a price tank $200 in one day would need to have 10k coins hit the market in a VERY VERY short period. say within 5 hours at most, else the fluid nature of the markets will just correct itself
2. so that means dell would have to receive 20k customer orders within 5 hours (over 120k customer orders a day)
3. an average computer lasts 2-4 years before people upgrade.. soooooo
heres the bit that you will need to realise
for a endless rampage of customer orders to causing a massive price drop that does not correct itself.
if each person was to upgrade their computer every 2 years. (~700 days) it would require 120k people per day.. thus 84,000,000 people all choosing dell..
well im sorry but there are not 84million people choosing dell that are bitcoin holders aswell
im sorry that there are not 84million people holding bitcoin
im sorry that there are not 42million bitcoins and each bitcoin is in a clearly split 0.5btc per person for 84million
im sorry that there are not 84 million people and all of those people would hand thir entire bitcoin hoard to dell..
im sorry.
but dell is a big entity, i agree. but the actual 14million bitcoins in circulation, the actual bitcoin spread per person. and peoples human psychology to not want to give away all their bitcoin to dell. will mean that a price crash wont happen
if in a years time the price doubled and lets say 25% of people wanted to upgrade their pc because their bitcoin made profits and its time to upgrade anyway(average life cycle 2-4 years for a pc).
now i know that not everyone would choose dell, so please understand that the numbers i use are exaggerated to be high population numbers just to prove a point.
bitcoin holder population numbers equate that 25% to be 250k people ready to sell/spend.. so unless there is some hive mind, these 250k people wont all buy a dell in a 5 hour window, wont buy in a 10 hour window.. basically they will all have their own reasons to upgrade over maybe 6 months(after all thats the average 2-4 life cycle of a pc ).
which means daily spend at dell wont be 125k coins in 1 day.. but more like 2k customers a day(0.5btc each customer) so 1k coins... which calculates to less then a $50 price fluctuation.. if dell dumped the whole 1k coins at one go in a lump
but knowing the 10 minute transaction time of bitpay/coinbase.. this too will be spread over the whole day,as again people will buy at different times of the day and bitpay/coinbase would sale coins at the transaction time slowly throughout the day, making the price fluctuation only a few dollars, which allows for a easy self correction.
so now i hope you understand that even if EVERY bitcoin holder decided to buy a dell at some point (not gonna happen) and even if dell hoarded the coins and only sold their received coins in one lump each day, you would see a price difference of at most $50..
meaning the price rise to $1200 to incentivise spending instead of hoarding WONT cause a crash back to $600.. at most it would cause a drop of at most $50, but more than likely $2 drop, both of which would recover.
but those numbers were if EVERYONE was to want a dell over the next few years.. so even then $2 movements or $50 movements a day is exaggerated, with all the other brands out there. id say population choosing dell would be more along the lines of 20% not everyone.
making the exaggerated 25% willing to sell and of that 25%, 20% choosing dell.. basically only 5%.. so yea.. the numbers wont make a impact on bitcoin exchange prices.
