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by aneth4
4826 days ago
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> Cashing out 100 000 BTC would crash the market down to 0 - right now the MtGox has exactly 105 708 BTC in the order book. All demand is not reflected in the order book. In fact, most demand is not. The more sophisticated a trader is, the more likely he is to use limit orders to manipulate the market instead of the rather stupid move of telegraphing demand. If the market went down 10%, a flood of buy orders is not unlikely to appear. |
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It works in both directions, people who are speculating on Bitcoin will be easily spooked by a medium-term crash.