it would be interesting if someone could do some maths to see about how much money it would take to pump bitcoin to 32,000$
32,000$ implies a market cap of ~488,160,000,000$
but obviously it wouldn't require 400Billion to pump it that high.
no way to know what kind of bid walls would go up along the way, seems impossible to predict as a result. would be one hell of a show, though.
for fun.
assuming about 1/2 of ALL the coins would be sold to the pumper along the way.
assuming these coins would be sold at an avg price of 10,000$
we need to see 76,275,000,000$ flow into the market in order to hit a high of 32,000$
76Billion dollarsThe only way bitcoin will ever come close to 32k is through honest to goodness mainsteam adoption - no pumper or pump group could ever come close. The pumpers would long since been bought the fuck out.
i think your right,
2 million bitcoiners all hit market buy with 38,000$ each and we'll make it
that no good i don't like that.
but is 76Billion really what will be required??
hmmm
it seems to me if i start throwing all kinds of assumptions around i can probably get the number down to 30Billion required to pump bitcoin to 32,000$
ok so if 2million bitcoin hit market buy with ~15,000$ each we'll make it to 32K
still to much
20million bitcoiners hit market buy with 1,500$ each and we'll make it to 32K
its official we need about 10X more bitcoiners.
i'm going to pull a few more magic numbers out of my ass
how many dollars per bitcoiner can we expect??
assuming there are 2million of us globally right now and with a market cap of ~5billion right now
each bitcoiner contributed an avg of 2500$ each to the pump bitcoin this far
so with 20million bitcoiners we could see a pump to 32,000$ EASILY
now let's look at
when we can expect to have 20million bitcoiners , bitcoin-ing
lets see how long it took facebook to get 20million users
no time.
