Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
Biodom
on 21/05/2014, 22:36:03 UTC

To raise bitcoin price to the level that many dream of, $7000, only $4 billion is needed if the market-cap-increase-leverage is 20:1.

We are talking about 1.7 million bitcoins changing hands during the uptrend. That is 14% of all bitcoins.

According to my research, the average sum a person would invest in bitcoins is $1000. Therefore, 4 million new users are needed in addition to the 1 million current ones to reach $7000.

Who is going to be bitcoins Hunt brothers and will try to "corner" the market. As moderator quote shows-it is relatively easy to accomplish right now. Many hedge funds can swing $4 bil. All it takes is 4-5 medium-large hedge funds and a "strategy".