Quote from: tinus42 on December 04, 2013, 11:47:30 AM

Quote from: Lewis2 on December 04, 2013, 10:46:53 AM

Quote from: pand70 on December 04, 2013, 12:07:34 AM

Quote from: azguard on December 02, 2013, 06:27:11 AM

BTC star crashing last night but this morning gone up again seem that 1k is the for now until christmas and new year then it can go higher maybe 1.5k

The price means nothing. 1k means nothing if someone sells 1000btc price will go down 100$. Stop looking at price alone and start checking market depth.

Nah man trade volume is to high, nee much more than 1000 btc to crash the market like that.

Imagine someone who mined 100,000 btc in '09 as a hobby then forgot about Bitcoin and only now with all the media attention they would think of it again. They don't know anything about markets and dump the entire amount on Gox and sell it in one go. What would that do to the price?

It would crash almost to 0, but the price would recover to 100$ the same day as people with money left on exchange would compete to buy cheap Bitcoins. Later when new money deposited to exchange, price would recover to the one at other exchanges within a week