wen will bc hit 50k
Looking like never at this point. Everyday i wake up to a new bottom. thats a steady decline almost this entire week. That is not normal for healthy stocks.
BC will fall until its ready to rise again, and with many community members only worried about price, i suspect we can expect the price to fall alot lower yet.
Assuming that the main market for BC is Mintpal and that Cryptsy BC market just follows it, to surpass 50k (data gathered a few minutes ago) 1,231,581 coins should be buyed and 502.9 BTC should be spent in Mintpal. That's 1.65% of the total of coins.
Also, which made me curious about the figures, (just talking about Mintpal, which drives the rest of BC markets), if instead of that 2,499,962 BC were purchased and 1413 Bitcoins spent, price would surpass 100k.
To reach 1 million shatoshis, 0.01 BTC, 2,692,434 BC should be buyed and 1952 BTC spent,
and to reach the value of 0.9 BTC per BC, 2,696,418 BC (that's 3.61% of total BC coins) should be bought and 2132 BTC spent.
Agreed. It would have to be done very quickly before people start placing additional sell orders.