barbs
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September 03, 2013, 02:58:28 PM

I personally think some big money is waiting in the shadows. Imagine if a couple billion moved in right now. Popularity would skyrocket, everyone would go all-in (because the initial billionaire pushed the price up to extreme highs already), pushing the price up even further, earning the billionaire who invested his money a huge ROI? Why wouldn't they do this? Prolly because the market is not liquid enough for this kind of money. Maybe the bitcoin ETF from the winklevii will allow this kind of money to move in.

Who would you even SEND a billion dollars to if you wanted to buy that much bitcoin? Gox? You'd log into your gox account and it would say 1,000,000,000? And you would click "Market order"? Not happening. Not now, probably never on gox.

Well read my post more closely and then you'll notice i said that the market (eg mtgox) is not liquid enough for this kind of purchase. Only a professional market with tons of liquidity would allow this kind of money to move in.

Frozenlock?