According to its charts OKcoin has traded more than 400 million Bitcoins today, and I thought there would only ever be 21 million. The OKcoin bots went haywire today with all the volatility. I still can't find a reason for this dump except maybe post cybermonday dumping, or the bots getting bored.
for bots 1 second is an eternity so they tend to get bored easily
The underlying post here is way wrong...
In these apparently high volume times, Okcoin is trading around 1 million BTC per day, and maybe around 5 million in a week... that is no where near 400 million, which if they were able to keep up the current rate, they may be able to achieve in a year or a year and a half...
helrow? exaggeration or wat?