Earlier this morning, about 4 million was dumped within 30 minutes, right? According to Bitcoinity, it would only take a 12.5 million dump on gox to slide all the way down to $20. Am I reading this chart correct?
I realize 12.5 mil is not likely to be dumped all at once. But still... $20 doesn't seem that far away.
You could sell ~200k Bitcoin to bring fill all orders down to $20 or 253k to bring it down to $0, with a $ outcome of ~$13-14M. But that's
very very far away. That's only orders in the book, you don't know how much sleeping money there is.