Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin-Adaptive N-factor Scrypt-No more ASICs-[EXCHANGES/AMAZON/ATM/MERCHANTS]
by
tsh
on 17/02/2014, 18:56:19 UTC
ok mates take a look here and tell me if i made some mistake (in the concept, calculations are approximate)

http://imageshack.com/a/img822/9111/nw1m.jpg

i took day by day an average of this whale's operation, average price * number coins eaten that day.

so it looks like this guy spent about 448 BTC in VTC.

to go out without profit, he should sell his 96k coins at an average price of 0,046 BTC.

someone who has got such big pockets should be able to push the price up to the moon, almost as much as he wants.

Well, at today's price, even with a good margin for error, it seems there is some upside - this is assuming one buyer is encouraging the price to drop and is able to also encourage it back up. Alternatively, he's just making a speculative buy because to be honest, this isn't a massive investment he's made (with a potential 10x return being quite plausible).