Post
Topic
Board Bitcoin Discussion
Re: Time is Running Out for Mark Williams Prediction of a $10 Bitcoin
by
Febo
on 18/06/2014, 13:45:06 UTC
The only chance of Bitcoin dropping to $10 is if an early investor tosses 2-4 million coins on the market all at once.
I think a dump of 100,000 bitcoin on bitstamp would bring the price to $10. However whoever did that would be throwing away 80% of their wealth for no reason, the price would again recover very quickly.

100k bitcoins alone cant do a shit. Someone doing that after some bad news, could maybe pull price till 100 USD for a day. But reality is, that BitCoin will just get tons of good news.