Re: Mt. Gox Postpones Sell-off of 166,000 Bitcoin Until September
Nowadays bitcoin market cap is 155Bln, and was more a few weeks ago
400Mln represents 0.26% of it
It didn't has much impact on the price
That is simple and effective mathematic logic...
400Mln represents 0.26% of it
It didn't has much impact on the price
That is simple and effective mathematic logic...
not that simple. A sudden influx of 400mln causes many weak hands to fold, which increases the amount. This effect keeps on perpetuating itself, dragging the price down.