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Poll
Question: Imagein someone took the dump of a life time and cashed out over 600,000 BTC, what would heppen next?
next 5 min. of trading would bring us back to the price b4 the dump - 8 (11.9%)
everyone would dump their bitcoins in a panic driving the price even lower - 6 (9%)
the price would bounce back higher then b4 the dump - 8 (11.9%)
2 weeks of trading would bring the price back to the level it was b4 the dump - 45 (67.2%)
Total Voters: 67

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Author Topic: [Daily Speculation Poll] :: The Dump of a life time  (Read 1272 times)
adamstgBit
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July 26, 2012, 10:51:56 PM
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smoothie
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July 26, 2012, 10:53:45 PM
 #2


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Yuhfhrh
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July 26, 2012, 11:01:35 PM
 #3

I think it would hover around $1 for awhile, and then after a year be back at $10.
RyNinDaCleM
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July 27, 2012, 12:13:53 AM
 #4

If someone did that, it would hurt, but there wouldn't be much point in taking 'profits' that low, so no, I don't think it would keep getting pushed down.
If it sat around $1 for a week or so, that would be bad for confidence, so it would have to rebound somewhat quickly, to the $4-5 range, at least.

Not to mention the buying frenzy that would occur at such low levels, it wouldn't stay down long.

That said, I have a long time buy order sitting at $1.15 (Shocked) so I would welcome it.

 Grin

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July 27, 2012, 12:14:08 AM
 #5

Gox would crash.

smoothie
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July 27, 2012, 12:22:47 AM
 #6

Gox would crash.

^ THIS +1

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Bjork
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July 27, 2012, 01:11:57 AM
 #7

Gox would crash.

lmao, this is a guarantee

adamstgBit
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July 27, 2012, 01:19:05 AM
 #8

Gox would crash.

lmao, this is a guarantee

right people would see a 3$ falling knife and remove all their bids and move them down down down

buy what if this guys dump is totally reckless.. (LOL) and he keeps on selling even at 0.1$ a bitcoin.


Draino
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July 27, 2012, 01:57:46 AM
 #9

i doubt many would follow his lead and sell coins cheap for very long
mb300sd
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July 27, 2012, 02:31:20 AM
 #10

Please do, hit my 10,000btc order for 0.01.

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Vandroiy
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July 27, 2012, 09:41:37 PM
 #11

None of the options sounds realistic. The first three (5min return, everyone dumping, price going higher than before) would require that everyone goes insane, and the last one, a two-week recovery, would need an unusually high buying volume.

The most likely outcome is for the price to stabilize at a lower level.
old_engineer
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July 27, 2012, 11:04:20 PM
 #12

I think it would hover around $1 for awhile, and then after a year be back at $10.

Something like this - it would be similar to a bank run: if the dumper were patient and cashed out 20k a day for a month, the market would drop slowly, and buyers could get cash into the market to pick up the discounted coins before the market dropped too far.

Also, that person with the 236,000 btc order at $1.15 on MtGox would be mostly vindicated.  "Mostly" because even a 600k btc dump might not completely fulfill his/her order.
notme
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July 28, 2012, 12:37:21 AM
 #13

Reststablize at 5, grind back to 9, then 14.  Months to years.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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adamstgBit
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July 28, 2012, 03:23:32 AM
 #14

Reststablize at 5, grind back to 9, then 14.  Months to years.

ya its all about catching the falling knife with a nice sum and a 16% profit

7.50   Huh

8 ...

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