from this graph it appears only need 13 mill to goto $50 and $10 mill to $200

jubalix

legendary

Activity: 2632

Merit: 1023

Quote from: drakahn on April 20, 2013, 11:26:42 PM

not everyone keeps orders up on gox, there is a lot of money that reacts

yes this is true....as noted.....it kinda just a rough metric with lots of assumptions

by the time it gets to 10T, there will be suitable facilities.....and a lot of people with just a few 100 BTC will be like a small bank.

drakahn

hero member

Activity: 504

Merit: 500

not everyone keeps orders up on gox, there is a lot of money that reacts

sunblaster

full member

Activity: 126

Merit: 100

If I am a 10t player do I trade on GOX?

jubalix

legendary

Activity: 2632

Merit: 1023

if I understand it right (the lower graph zoomed out)
http://bitcoinity.org/markets?currency=USD&exchange=mtgox

...also or course much more money comes on and of the market at it move but this gives a rough metric....as I suppose its sorta proportional deflection either way..

my point being, its such a small market at them moment....13 mill is nothing, thats $113 from every member of this forum

BTC really needs to be 13T make this kinda move before we will see anything like a stable currency, because then you will need a player with over 10T ready to go to affect the market....which really narrows it down, to very large gov's who even then would likely find it hard to mobilize that kinda cash at short notice without largish repercussions

that's my 2mBits worth

Topic: from this graph it appears only need 13 mill to goto $50 and $10 mill to $200 (Read 854 times)