Post
Topic
Board Bitcoin Discussion
Re: What if this guy with 96,651 BTC suddenly cashes out?
by
JuniAiko
on 19/02/2018, 19:56:22 UTC
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.

Thanks! This answered my question! Cheesy