Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: What if this guy with 96,651 BTC suddenly cashes out?
by
LoyceV
on 19/02/2018, 16:35:27 UTC
⭐ Merited by JuniAiko (1)
What if this guy with $10 billion suddenly starts buying Bitcoin?

Does this mean an insignificant drop of ca. 0.57%?
Circulating supply is irrelevant, most of it isn't "circulating". Only a small portion is traded each day. Trade volume is currently $7 billion per day.

Buying with dollars increases the price, selling Bitcoins lowers it. The market will always find an equilibrium, which makes speculating like this useless.