Topic: Is The Dumping of Stolen Coins Causing BTC Price to Fall? - page 2. (Read 3059 times)
According to bitcoinity over the last 30 days the volume of coins traded on the exchanges has been about 4 million. Even if the number of stolen coins was 1 million they would have had plenty of time and volume to sell all those coins long time now.
Well you still have 3600 coins mined every single day. Maybe half of those are sold. If there's no demand for 1800 or so daily, meaning ~$1m new buys per day, the price must come down.
I could definitely see big companies like Dell constantly dumping their BTC being a slight factor in price, but I'm pretty sure Overstock holds a decent percentage, and they also donate lots to cryptocurrency advocate groups.
As far as the price goes though, I just wish I had more fiat cash to buy up some good cheap coins.
As far as the price goes though, I just wish I had more fiat cash to buy up some good cheap coins.
I think this is exactly what is happening. Other people seeing it go down and panic selling are just escalating it.
Much good news and the price slowly falls. What is up? I've heard a lot of discussion about Dell and Overstock flooding the market with surplus btc and piutting downward pressure on price. What about all the stolen BTC that is out there? Not just gox alone either, there are tons of scams operating/btc stolen. many different actors. even if they try to sell off slowly, several could be driving the market down simultaneously without even realizing.
The concept doesnt seem to come up much or get much traction, what are your thoughts on this?
The concept doesnt seem to come up much or get much traction, what are your thoughts on this?
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