It's silly that a few USD 100K can push the price of bitcoin around by 10+% or so on a single day. Just shows how small and undeveloped this market is.
Why is that "silly"?"A few USD 100k" is a lot of money in the bitcoin community, because unlike fiat, large quantities of bitcoin credit cannot be magicly created out of thin air. Thats what gives bitcoin value, and why your corrupt fiat money is worthless toilet paper.
+1
now think for a minute how much would 10millions coins (all the bitcoin) go for on this market
100million, or 1 billion?
