Post
Topic
Board Altcoin Discussion
Re: Why is no one worried about this
by
makishart
on 21/08/2022, 03:19:43 UTC
What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.
2 billion is not really going to affect the 500 billion worth market so it will create a small movement in the market and later everything will be back to normal so why we need to worry about 1% when the average volatility range of the market can be 10%.
I don't think so. don't you see how tesla was selling no more than 1 billion? it's enough to drive market to be panic sell. you can't compare it with marketcap but the correct thing is if you are using daily trade volume of bitcoin compared with how many bitcoins that will be dumped to the market. I think that you are wrong in this case. Marketcap means nothing but the daily voluem trade is.