Post
Topic
Board Speculation
Re: BTC break 21000 usd, great!
by
uelufl
on 18/12/2020, 06:45:37 UTC
At last count Mt. Gox still holds approximately 141,600 bitcoin and 142,800 bitcoin cash.
When all this BTC pours into the market, the price will fall.
Nah, it's just < 1% of the total mined bitcoins so it will just barely affect the price when that happens or nothing at all. Besides market now too hype that even 1% of sell order won't affect much, people from the other side will accumulate and just buy it.

The daily trading volume is about 3 million, and 141,000 from 3 million is no longer 1 percent.

in addition, a significant part of the mined bitcoins are lost forever or blocked.