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by kiba
5542 days ago
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You assume that's what it was. Calling the bounty in the headline ~$6,000 is disingenuous, too, because dumping the BTC into the market would drop the price significantly. You'd never be able to move it for $6,000, currently. You're talking about more than the daily Mt. Gox volume. It's actually hard to say. Mt. Gox order volume is partly hidden because of dark pool order. What people see might not be an indicated amount of bitcoin on the market. |
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BitCoin is fascinating to me because there are people who are absolutely absorbed in it, but it's unlikely to get traction outside of its current domain. The fact that it's moving for real money is interesting, though, and mining or small trades is currently worth it.
I wouldn't dump my life into it, though. Outside regulation picking up on it is likely to be interesting, as well. The system itself is a prime target for laundering money, if the market gets to a point where it can support enormous trades.