A stupid question regarding Bitcoin.

[thevideoguy]

Well 10m won't make a huge difference. But yes. The reason why Bitcoin will never be stable. because the price is manipulated by pumping huge amounts in, then dumping it.

That's not true, Micky.

Volatility in the cryptocurrency markets comes down to size. Small market = high volatility. That's why the alt coins are more volatile then Bitcoin - they are smaller therefore it doesn't take as much money to move their prices up or down. Very basic concept.

When you say that Bitcoin will never be stable because it is volatile, what you are actually saying is that Bitcoin will never be big because it is small. Which doesn't make any sense. The current volatility has absolutely nothing to do with whether it will succeed or not. If Bitcoin was a mainstream currency, it would be more stable

 

[mickyfu]

That's not true, Micky.

Volatility in the cryptocurrency markets comes down to size. Small market = high volatility. That's why the alt coins are more volatile then Bitcoin - they are smaller therefore it doesn't take as much money to move their prices up or down. Very basic concept.

When you say that Bitcoin will never be stable because it is volatile, what you are actually saying is that Bitcoin will never be big because it is small. Which doesn't make any sense. The current volatility has absolutely nothing to do with whether it will succeed or not. If Bitcoin was a mainstream currency, it would be more stable

Oh it will be stable in a few years time. When it's a long forgotten memory and back at its 2 cents worth.

 

[Physical gold]

Hey.. I've a question regarding btc. Let's say hypothetically I've 10mil to invest.. will the investment make the btc prices to increase? If so right after the surge if I sell my btc.. I'll make profit right? Or is it just not possible due to the huge market that 10mil doesn't make a difference?

of you really had $10,000,000 you wouldn't be asking such a question.

 

[mickyfu]

of you really had $10,000,000 you wouldn't be asking such a question.

Hence the reason he said hypothetically.

 

[Invester80]

I think she is not the only one who has invested such money in Bitcoin. The biggest are now catching up with the subject.

 

[thevideoguy]

Oh it will be stable in a few years time. When it's a long forgotten memory and back at its 2 cents worth.

I know your exaggerating but jokes aside, if your right about price you'd still be wrong about volatility, lol. Bitcoin will be more volatile at 2 cents as random investors would be able to pump and dump it with minimal capital requirement just as they are currently doing with shit coins

I'm not saying Bitcoin or any cryptocurrency will succeed, I am just saying that volatility = size more then anything. Saying that Bitcoin won't succeed because it is too volatile is just wrong regardless of price speculation. Does that make sense?

 

[mickyfu]

I know your exaggerating but jokes aside, if your right about price you'd still be wrong about volatility, lol. Bitcoin will be more volatile at 2 cents as random investors would be able to pump and dump it with minimal capital requirement just as they are currently doing with shit coins

I'm not saying Bitcoin or any cryptocurrency will succeed, I am just saying that volatility = size more then anything. Saying that Bitcoin won't succeed because it is too volatile is just wrong regardless of price speculation. Does that make sense?

I'm not wrong about volatility. It will remain volatile
As it is not regulated. And open to any clown with money to manipulate the market. Not just any clown with money. Any clown with a big enough social media presence. The fools will get sick of buying in and some cunt whips the rug from under them. Anyway. We will see five years down the line.

 

[thevideoguy]

I'm not wrong about volatility. It will remain volatile
As it is not regulated. And open to any clown with money to manipulate the market. Not just any clown with money. Any clown with a big enough social media presence. The fools will get sick of buying in and some cunt whips the rug from under them. Anyway. We will see five years down the line.

Why do you keep saying it will always remain volatile? The reason it is volatile now is because the market is small, that's it. If the market is ever significantly bigger then it is now, it will obviously not be volatile.

Your comments about crypto always seem to be emotionally charged. Did you get burned on a shit coin investment or something?

We seem to be thinking on different time scales here. I don't think 5 years is enough to determine whether it will be successful or not, it can definitely still have high levels of volatility then. Maybe 15 or 20 years will be a better gauge. Let's continue this discussion then, Micky

 

[mickyfu]

The reason it is volatile now is because the market is small,

Like it will remain. The bubble has well and truly burst.

 

[tb303]

Im actually curious now for a proper answer to OP's question.

If someone did a market buy for $10million how much of the order book would it take on a given exchange?

I searched but couldnt find any site doing this. I cant be arsed to add the orders up manually so could query the API but surely this is already done somewhere?

 

[Hydius]

Hey.. I've a question regarding btc. Let's say hypothetically I've 10mil to invest.. will the investment make the btc prices to increase? If so right after the surge if I sell my btc.. I'll make profit right? Or is it just not possible due to the huge market that 10mil doesn't make a difference?

What you have described is a pump and dump.
Where initial shareholders drive up price by flooding the market with huge volume and then pulling out once other people catches on and drive up volume using their own money. At the increase, you pull out. having sold your shares at a higher price. The difference of course comes from the other people who have bought in who will now be at a loss.
with $10m it won't make a difference in the btc cap. for something smaller say, has a 100million dollar volume daily, hell yeah you will.

 

[igbulkaccounts]

Better buy instagram accounts with that money

 

[jazzc]

Also, its not as straight forward as basic economics, i.e more demand = higher price. If you buy through an exchange, there is also another person which is selling. If they are selling doesn't that mean there is less demand.

It is as straight forward as basic economics, so long as you understand basic economics

Yes, when you buy, someone sells. That's why it's called an exchange. Price isn't determined by how many people buy and how many people sell but on how much is the difference in preferences between the seller and the buyer in the last exchange.

If the price of a single X is now at $9.24, it means that some specific person was happy to sell his X for $9.24 and another specific person was happy to buy that at $9.24. For an other specific seller, they may prefer to sell their X for at least $10 (and so they are not offering it for $9.24). Respectively, for another specific buyer, they may prefer to buy an X for at most $9. So they are not buying yet (until some specific seller with a preference of selling their X at $9 shows up).

Group all the buyer preferences and you have the preference envelope for the demand. Group all the seller preferences and you have the preference element for supply. These are obviously always in flux as buyers and sellers enter and leave a market all the time (plus their preferences change with time).

Price moves because of the constant matching of preferences where those envelopes meet. When you go to an exchange and view the order book, that's exactly what you're seeing: the envelopes of preferences and their intersection (the price).

 

[deal with it]

It is as straight forward as basic economics, so long as you understand basic economics

Yes, when you buy, someone sells. That's why it's called an exchange. Price isn't determined by how many people buy and how many people sell but on how much is the difference in preferences between the seller and the buyer in the last exchange.

If the price of a single X is now at $9.24, it means that some specific person was happy to sell his X for $9.24 and another specific person was happy to buy that at $9.24. For an other specific seller, they may prefer to sell their X for at least $10 (and so they are not offering it for $9.24). Respectively, for another specific buyer, they may prefer to buy an X for at most $9. So they are not buying yet (until some specific seller with a preference of selling their X at $9 shows up).

Group all the buyer preferences and you have the preference envelope for the demand. Group all the seller preferences and you have the preference element for supply. These are obviously always in flux as buyer and sellers enter and leave a market all the time (plus their preferences change with time).

Price moves because of the constant matching of preferences where those envelopes meet. When you go to an exchange and view the order book, that's exactly what you're seeing: the envelopes of preferences and their intersection (the price).

in short you mean bitcoin going to 20k $
thats what people want to hear

 

[Deleted member 719276]

It is as straight forward as basic economics, so long as you understand basic economics

Yes, when you buy, someone sells. That's why it's called an exchange. Price isn't determined by how many people buy and how many people sell but on how much is the difference in preferences between the seller and the buyer in the last exchange.

If the price of a single X is now at $9.24, it means that some specific person was happy to sell his X for $9.24 and another specific person was happy to buy that at $9.24. For an other specific seller, they may prefer to sell their X for at least $10 (and so they are not offering it for $9.24). Respectively, for another specific buyer, they may prefer to buy an X for at most $9. So they are not buying yet (until some specific seller with a preference of selling their X at $9 shows up).

Group all the buyer preferences and you have the preference envelope for the demand. Group all the seller preferences and you have the preference element for supply. These are obviously always in flux as buyer and sellers enter and leave a market all the time (plus their preferences change with time).

Price moves because of the constant matching of preferences where those envelopes meet. When you go to an exchange and view the order book, that's exactly what you're seeing: the envelopes of preferences and their intersection (the price).

tl;dr you (alone) are going to pump the price of BTC to $100K

 

[redjebo]

Yes, I can.
If I have the money to buy all the apples in the world.
I will destroy all plant of apples and the remaining 99% apples.
Then the 1 % left will make me millions.

No you couldn't. An apple is just an apple, if it doesn't solve e.g the world hunger problem then no one will be willing to separate with their farm in order to buy your apple.
Likewise, a btc (or all btc to be produced) is solving not enough real world problems to claim all the money in the world. Not even close.

 

[Amy Bening]

Hey.. I've a question regarding btc. Let's say hypothetically I've 10mil to invest.. will the investment make the btc prices to increase? If so right after the surge if I sell my btc.. I'll make profit right? Or is it just not possible due to the huge market that 10mil doesn't make a difference?

crypto is not an investment method.

 

[Physical gold]

still....wish i had have bought $100 at less than $1. I wouldn't be here for sure.....

 

[PinguSpy]

Better pump small coin for bigger wall.
It will create FOMO and attract new investor

 

[Jamesjohnson74]

No you couldn't. An apple is just an apple, if it doesn't solve e.g the world hunger problem then no one will be willing to separate with their farm in order to buy your apple.
Likewise, a btc (or all btc to be produced) is solving not enough real world problems to claim all the money in the world. Not even close.

Diamond is not solving any problem too, but it's costly because it's demand is way higher than supply. Prices of the product are not dependent on its problem-solving capability, but on the feeling, the buyer gets when he/she buy it.

If I get the last apple in the world I will be really happy.

And if you think what would I get by buying it. The answer is "the same feeling you get When you buy a Diamond - And I can eat that apple but what will do with that piece of stone??