Post
Topic
Board Bitcoin Discussion
Re: What happens if someone dumps a million dollars into the market?
by
bosschair
on 16/11/2011, 00:53:30 UTC
if you bought 1 mill coins at a fixed price.... weather 0.20$ bellow or above market value... the price would definitely go up after the order is filled.

that's about 400,000BTC. supply goes down, demand is the same = price goes up

LOL, yeah it's just that simple.  How do you even know your $1MM order will be filled?  It could take months.