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Topic: Serious question about the market fluctuation (Read 1170 times)

legendary
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
If my math is correct, Deepbit mines about 2,556BTC per day on average. If I were Deepbit, and I wanted to cash out on the 5,000Gh/s+ I had:
Deepbit is a pool. The bitcoins they mine aren't theirs. They can't sell them.

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I am truly curious about this because I might someday be in possession of that many BTC and want to know any negative consequences of selling off.
Since people would have to buy bitcoins to give them to you, there would likely be no significant net negative consequences. In fact, the more things people can buy with bitcoins, the more bitcoins stay in circulation rather than getting cashed out.
legendary
Activity: 1148
Merit: 1001
Radix-The Decentralized Finance Protocol
If a lot of people decided to sell a lot of bitcoins no matter the price and no matter where they come from (Deepbit, someone cashing out, etc...) without a similar influx of buyers then the price of bitcoins would drop.

Currencies are just like any other product, they follow the law of supply and demand. Increase of supply, same demand = price goes down.

This is very simple. The hard part is to predict the changes in supply and demand, and that is why predicting the price is so difficult.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
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