Post
Topic
Board Economics
Re: So if you want to help the economy...
by
Akka
on 10/04/2013, 09:54:25 UTC
I am sorry, I though you knew how the markets work...

I apologise - I've assumed wrongly!

/end sarcasm

In my example above, I am not buying Bitcoins, it just happened that I have 125,000 of them, itching my hand to spend and "help" the economy.

And yes, I am pretty certain of my estimate that creating a instant sell order for BTC125,000 will bring down the price +/- 30%, probably over few days.

Then why did you disagree to my example where I talked about buying BTC to spend them?

I am sorry, I though you could read...

I apologise - I've assumed wrongly!

/end sarcasm
,
Still that's a borderline case infolding over 1% of all coins in existence.

If I would exchange 1% of all € in existence for $ this would have the same effect on the Value of the € (not as extreme though, but only due to a grater liquidity).

Are you saying I should not buy things from the US for my €s to not crash the €?

I struggle to follow your logic here...we are obviously on a different page.


Obviously.

As the thread titly says: So if you want to help the economy...

Not: So if you want to increase the price further and further...

I'm talking about Bitcoin being successful here, not being a speculative bubble to make some guys get rich quick on the expense of the late fools.

And if you are talking about dropping 125000 BTC on Gox, don't you see that this example is to extreme?

But this will happen sooner or later, and if by then there is no economy behind BTC of course it will go down.

I stop feeding the troll now.