Post
Topic
Board Bitcoin Discussion
Re: What if this guy with 96,651 BTC suddenly cashes out?
by
eaLiTy
on 24/02/2018, 23:31:33 UTC
https://blockchain.info/address/3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64
Currently circulating supply for Bitcoin is 16,874,375 BTC.
Does this mean an insignificant drop of ca. 0.57%?
That is a hell lot of coins stored in one wallet. One thing i am sure about that wallet is that he wont be selling all the coins at once,i really do think it is practically impossible to sell everything in a single exchange,the only chance is when he puts all the coins under market value across different exchanges and then he might be able to crash the market temporarily and the market will move forward. Smiley