Post
Topic
Board Bitcoin Discussion
Re: Democratic manipulation of the Silk Road 29,655 bitcoins
by
Kazimir
on 21/01/2014, 10:28:02 UTC
or being held by someone who's going to flush the market down the can
You gotta get some perspective man. 30K coins is by no means gonna "flush" anything.

30K is the avergae volume that's being traded on the exchange market every 6 hours. Really, people somehow seem to think the FBI now owns 50% of all traded coins or something. Get real. They own about 0.25%, and even IF they were to dump it all at once on a single exchange (which they won't, assuming even the FBI is not completely retarded, but for argument's sake let's suppose they will) then the price would just very shortly drop there, and bounce right back again.