Re:Bitcoin Hits $1 Billion
by powertower on Friday March 29, 2013 @06:58PM
(#5463475)
5k bitcoin sell crashed the market?! To the tune of 100MM in market value loss on those transactions.
That just shows most people are hording it / not really selling or trading, and a few people are buying it, probably the majority of which are doing so because they need to spend it on SilkRoad or a gambling site.
The moment that goes away, or a few big holders decides to cash out, watch out.
That just shows most people are hording it / not really selling or trading, and a few people are buying it, probably the majority of which are doing so because they need to spend it on SilkRoad or a gambling site.
The moment that goes away, or a few big holders decides to cash out, watch out.