A crash to under 100 USD seems quite unlikely unless there is a cataclysmic series of events, like exchanges and major players being hacked, which would shatter the confidence and enthusiasm.
I don't doubt that we will see 40 dollar drops though
Topic: What is it going to take to pop the bubble? (Read 1094 times)
Theres a reddit thread pointing out a new address that just received 69,000 BTC tonight. They did the math (i didn't check it), and if all of those coins got put up for market order right now, the price would drop to ~$75. That doesn't take into account the new buy orders that would be placed to get in on a "dip". Though it also doesn't take into account added sell orders looking to get out of a "crash".
Food for thought
Food for thought
how much BTC would it take to pop the bubble, and make bitcoin lose more than 80% of it value, and have the value hold at < 50$ for more than a few weeks?
Preparing your coins?
ya, you sacred?
locked & loaded, ready to go?
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how much BTC would it take to pop the bubble
Assuming the bubble counts as "pop" when we go beneath $200 (people will say it is even though we were just there a day ago), it takes exactly 11,846 Bitcoins to pop the bubble.Quote
80%
Oh, ouch. Okay, lets see:0.2*231 = 46.2...
88,721 BTC to pop the bubble.
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What is it going to take to pop the bubble?
MtGox lag not kicking in to slow the freefall of sell orders during one of those 20% drops that occur in less than an hour.
how much BTC would it take to pop the bubble, and make bitcoin lose more than 80% of it value, and have the value hold at < 50$ for more than a few weeks?
Preparing your coins?
ya, you sacred?
locked & loaded, ready to go?
If one of these guys decides to cash out all in one day and it causes a positive feedback loop...
the biggest wallet their is, is 111,111BTC MtGox alone trades that kind of volume daily, could this really send prices down 80% and hold them their?
I'd believe so, since you'd be DOUBLING the daily volume in one order. Not to mention the scare it would cause.
If one of these guys decides to cash out all in one day and it causes a positive feedback loop...
the biggest wallet their is, is 111,111BTC MtGox alone trades that kind of volume daily, could this really send prices down 80% and hold them their?
If one of these guys decides to cash out all in one day and it causes a positive feedback loop...
how much BTC would it take to pop the bubble, and make bitcoin lose more than 80% of it value, and have the value hold at < 50$ for more than a few weeks?
Preparing your coins?
ya, you sacred?
how much BTC would it take to pop the bubble, and make bitcoin lose more than 80% of it value, and have the value hold at < 50$ for more than a few weeks?
Preparing your coins?
how much BTC would it take to pop the bubble, and make bitcoin lose more than 80% of it value, and have the value hold at < 50$ for more than a few weeks?
Bitcoin is a BBBUUUBBBBBBLLLLLLLEEEEEEEEE!!!!!!!!!
Bitcoin is a BBBUUUBBBBBBLLLLLLLEEEEEEEEE!!!!!!!!!
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