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A comment on If Winklevoss tried to cash out, they’d probably crash the Bitcoin market.

Re:If Winklevoss tried to cash out, they’d probably crash th... by whack on Thursday December 21, 2017 @02:49PM (#15982196)
"Typical trading volumes across the major exchanges are only about $2 billion globally"

Sounds like they could just sell ~$20M everyday, which would account for only 1% of the daily trading volume. After ~50 days, they would have cashed out $1B.

[ Parent | on HN ]
Re:If Winklevoss tried to cash out, they’d probably crash th... by ThrustVectoring on Thursday December 21, 2017 @03:47PM (#15982592)
That depends on how much of the daily trading volume is wash trading. Bitfinex can just decide to give a couple accounts a pile of USDT on margin and self-trade to stir up a sense of FOMO and convince folks to buy in. It's pretty much free to do if you run the exchange.
[ Parent | on HN ]