https://bitcointalksearch.org/topic/what-would-be-the-cost-of-keeping-btc-usd-exchange-rate-200-252667
Topic: What would be the cost of keeping BTC - USD exchange rate < 200 ?! (Read 474 times)
Hi, I have posted this to bitcoin general discussion, so let's discuss over there. thanks.
https://bitcointalksearch.org/topic/what-would-be-the-cost-of-keeping-btc-usd-exchange-rate-200-252667
https://bitcointalksearch.org/topic/what-would-be-the-cost-of-keeping-btc-usd-exchange-rate-200-252667
July 08, 2013, 10:46:42 PM
I am not sure whether I have to post this to speculation, but this is more of a trading / exchange rate question.
Lets assume bitcoin generates interest among general public, and every month, the amount of money comes in to bitcoin exchanges is $5 million; and other markets like euro, GBP, yen, etc. are negligibly small and lets say everything together, about $10 million constant money inflow to exchanges.
If there is a trading entity whose goal is to push down BTC exchange rates, then what is the minimum amount require to prevent BTC exchange rates to go up.
One more assumption; BTC exchanges are fair and they are not colluding.
Another fact: There are limited number of units (about 11 million BTC, if smallest possible trading unit is mBTC, then there are 11 billion mBTC). I am not sure but just hope this count also contributes to price movement.
Lets assume bitcoin generates interest among general public, and every month, the amount of money comes in to bitcoin exchanges is $5 million; and other markets like euro, GBP, yen, etc. are negligibly small and lets say everything together, about $10 million constant money inflow to exchanges.
If there is a trading entity whose goal is to push down BTC exchange rates, then what is the minimum amount require to prevent BTC exchange rates to go up.
One more assumption; BTC exchanges are fair and they are not colluding.
Another fact: There are limited number of units (about 11 million BTC, if smallest possible trading unit is mBTC, then there are 11 billion mBTC). I am not sure but just hope this count also contributes to price movement.
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