Quote from: zemario on June 03, 2013, 12:03:37 AM

Quote from: Rockford on June 02, 2013, 11:54:49 PM

Quote from: zemario on June 02, 2013, 11:51:15 PM

Quote from: Quantum_Negatum on June 02, 2013, 11:39:17 PM

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.

Almost 1% of the total bitcoins that exist.
I think a proportionaly large sell offer of any other currency would have the same effect to that currency.

soon....

(mainstream adoption:selling dollar for bitcoins)

Wink

Unfortunately USD doesn't need Bitcoin. By itself, it does a great job free falling.

yes.. and I am worried about the implications.