I don't think any rational person would want to dump that large of an amount of bitcoin on the market like that as if that much bitcoin is "dumped" then existing orders would not be able to cover all the sale offers causing the price to be artificially low.
After the market has time to react, many people would likely quickly purchase bitcoin using money they already have on deposit at the exchanges causing the price to rebound. Although the net effect would be that the price would decline
Topic: How can the market recover after a huge dump? (Read 1995 times)
Do you believe that once prices is raising just because sharks want to dump?
The sharks aren't here yet, this is just splashing around in a baby pool.
it will recover the day after tomorrow, just kidding
maybe several years, I guess.
maybe several years, I guess.
love buying on every panic dip - great time to pick up another coin or 2
Demand is always growing, supply is always shrinking. This only plays out one way.
Do you believe that once prices is raising just because sharks want to dump?
Heh, some dolphin just threw away 150 coins on BTCe, didn't do much, some trollboxers got coin 30 below market.
In the short term markets are driven by greed and fear. In the long term they are governed by logic. You get bubbles and crashes with fear and greed but you get stability and firm highs and lows from the logical side of things. Over time things always even out.
i dont think the 30,000 BTC was a malicious intended dump. i think it was an experiment to test waters for a future plan. Not sure what exactly this plan is though.
A&D Ointment
its magical stuff
its magical stuff
Stocks may not recover because the company that issued the stock does need your money to keep solvent.
A drop in share price does not reach into the company's bank account and extract cash. Nothing whatsoever to do with solvency.
This just happened a couple weeks ago in the "Bearwhale" episode. Someone tried to dump 30K bitcoins at $300, and instead of the market dropping, thousands of people bought them up and the market has been rising since then. I called it the day the plankton ate the whale.
So no, we are not at inherent risk of a massive dump killing BTC. Too many people now have a sense of the value of BTC, and have demonstrated they will jump in to purchase BTC if they perceive it as being undervalued.
Edit: Article on the Bearwhale episode:
http://www.cnbc.com/id/102070437
So no, we are not at inherent risk of a massive dump killing BTC. Too many people now have a sense of the value of BTC, and have demonstrated they will jump in to purchase BTC if they perceive it as being undervalued.
Edit: Article on the Bearwhale episode:
http://www.cnbc.com/id/102070437
This isn't right. That whale did a market sell at $300. It was not a dump. A market see will not drive down the price like a dump will.
Market sell=dump, immediately sells all BTC to bids at any price until running out of BTC
Limit sell=not dump, sets ask "wall" that can either be eaten into, or other asks placed under it
It was a limit sell.
Sorry I got that wrong. Yes it was a limit sell.
This just happened a couple weeks ago in the "Bearwhale" episode. Someone tried to dump 30K bitcoins at $300, and instead of the market dropping, thousands of people bought them up and the market has been rising since then. I called it the day the plankton ate the whale.
So no, we are not at inherent risk of a massive dump killing BTC. Too many people now have a sense of the value of BTC, and have demonstrated they will jump in to purchase BTC if they perceive it as being undervalued.
Edit: Article on the Bearwhale episode:
http://www.cnbc.com/id/102070437
So no, we are not at inherent risk of a massive dump killing BTC. Too many people now have a sense of the value of BTC, and have demonstrated they will jump in to purchase BTC if they perceive it as being undervalued.
Edit: Article on the Bearwhale episode:
http://www.cnbc.com/id/102070437
This isn't right. That whale did a market sell at $300. It was not a dump. A market see will not drive down the price like a dump will.
Market sell=dump, immediately sells all BTC to bids at any price until running out of BTC
Limit sell=not dump, sets ask "wall" that can either be eaten into, or other asks placed under it
It was a limit sell.
This just happened a couple weeks ago in the "Bearwhale" episode. Someone tried to dump 30K bitcoins at $300, and instead of the market dropping, thousands of people bought them up and the market has been rising since then. I called it the day the plankton ate the whale.
So no, we are not at inherent risk of a massive dump killing BTC. Too many people now have a sense of the value of BTC, and have demonstrated they will jump in to purchase BTC if they perceive it as being undervalued.
Edit: Article on the Bearwhale episode:
http://www.cnbc.com/id/102070437
So no, we are not at inherent risk of a massive dump killing BTC. Too many people now have a sense of the value of BTC, and have demonstrated they will jump in to purchase BTC if they perceive it as being undervalued.
Edit: Article on the Bearwhale episode:
http://www.cnbc.com/id/102070437
This isn't right. That whale did a market sell at $300. It was not a dump. A market see will not drive down the price like a dump will.
OK, it wasn't technically a "dump" then. It seems to me there is little difference; it's attempted heavy pressure downwards either way.
There is only supply and demand. So any increase in supply will drive down price. That is how it is supposed to work. Bitcoin does not need our money and will work as a payment network no matter what the price is. That is why the bitcoin price always recovers. Stocks may not recover because the company that issued the stock does need your money to keep solvent.
It will cause utter havoc. If there is greater adoption and some mentally ill whale tries to dump 50k coins, we are in trouble.
So 40% of BTC is owned by 0.1% of Bitcoiners: https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297 (1000 people own 5.8 million coins)
How will the market respond if someone decided to dump 30k or so coins? We will be back to single digits for the price on a single exchange. Could be done by someone who was in a bad mental state. A depressed guy.
So how long would it take for the market to recover?
How will the market respond if someone decided to dump 30k or so coins? We will be back to single digits for the price on a single exchange. Could be done by someone who was in a bad mental state. A depressed guy.
So how long would it take for the market to recover?
That 1000 people own 5.8 million is falsified information I think.
Are you sure it's not 1000 wallets own 5.8 million? (exchanges have several 100,000 often)
There is only supply and demand. So any increase in supply will drive down price. That is how it is supposed to work. Bitcoin does not need our money and will work as a payment network no matter what the price is. That is why the bitcoin price always recovers. Stocks may not recover because the company that issued the stock does need your money to keep solvent.
It will cause utter havoc. If there is greater adoption and some mentally ill whale tries to dump 50k coins, we are in trouble.
This just happened a couple weeks ago in the "Bearwhale" episode. Someone tried to dump 30K bitcoins at $300, and instead of the market dropping, thousands of people bought them up and the market has been rising since then. I called it the day the plankton ate the whale.
So no, we are not at inherent risk of a massive dump killing BTC. Too many people now have a sense of the value of BTC, and have demonstrated they will jump in to purchase BTC if they perceive it as being undervalued.
Edit: Article on the Bearwhale episode:
http://www.cnbc.com/id/102070437
So no, we are not at inherent risk of a massive dump killing BTC. Too many people now have a sense of the value of BTC, and have demonstrated they will jump in to purchase BTC if they perceive it as being undervalued.
Edit: Article on the Bearwhale episode:
http://www.cnbc.com/id/102070437
This isn't right. That whale did a market sell at $300. It was not a dump. A market see will not drive down the price like a dump will.
This just happened a couple weeks ago in the "Bearwhale" episode. Someone tried to dump 30K bitcoins at $300, and instead of the market dropping, thousands of people bought them up and the market has been rising since then. I called it the day the plankton ate the whale.
So no, we are not at inherent risk of a massive dump killing BTC. Too many people now have a sense of the value of BTC, and have demonstrated they will jump in to purchase BTC if they perceive it as being undervalued.
Edit: Article on the Bearwhale episode:
http://www.cnbc.com/id/102070437
So no, we are not at inherent risk of a massive dump killing BTC. Too many people now have a sense of the value of BTC, and have demonstrated they will jump in to purchase BTC if they perceive it as being undervalued.
Edit: Article on the Bearwhale episode:
http://www.cnbc.com/id/102070437
Hahah love it: "The day the plankton ate the whale"
There is only supply and demand. So any increase in supply will drive down price. That is how it is supposed to work. Bitcoin does not need our money and will work as a payment network no matter what the price is. That is why the bitcoin price always recovers. Stocks may not recover because the company that issued the stock does need your money to keep solvent.
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