News for hackers. Stuff that matters.

A comment on Beyond the boring blockchain bubble. Parent comment

Re:Beyond the boring blockchain bubble by AstralStorm on Monday August 07, 2017 @02:42AM (#14945756)
The trouble with alleged worth is that liquifying this much BTC is going to be problematic even at current market cap.
[ Parent | on HN ]
Re:Beyond the boring blockchain bubble by makomk on Monday August 07, 2017 @05:33AM (#14946293)
Looking at the activity on Bitstamp right now, I don't think selling a few thousand BTC even affects the price noticably. Someone just sold almost 30,000 BTC for within half a percent of the previous trade - which is basically just the bid/ask spread these days.
[ Parent | on HN ]
Re:Beyond the boring blockchain bubble by mrb on Monday August 07, 2017 @02:37PM (#14950026)
Not at all... $10M (3k BTC) is a drop in the bucket at current volumes. Bitfinex weekly volume is $640M (200k BTC). http://bitcoinity.org/markets/list?currency=ALL&span=7d
[ Parent | on HN ]