Post
Topic
Board Economics
Re: What would make it's price go bellow $1.00?
by
PinkPotatos
on 29/11/2013, 02:22:20 UTC
Hmmm... it would currently take a market sell order of 2.3 million Bitcoin to drive the price below $1,000 on Gox. Since selling "at market" millions of dollars of anything is moronic, I doubt even the "million bitcoin" individual/group converting into fiat would cause that amount of chaos...

Then you are delusional. If someone dumped 15% of the entire mint, Bitcoin would be pennies.