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59 sats \ 4 replies \ @spiderman 28 Nov \ parent \ on: Is MicroStrategy Just a Bitcoin Time Bomb Waiting to Explode? bitcoin
If by few you mean the coins in a single address will get distributed to a hundred addresses that still is decentralisation
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93 sats \ 3 replies \ @DrBrader99 OP 28 Nov
The order book is not deep enough to absorb such a massive sale of coins. It will definitely tank the market
Bitcoin trades around 20 to 30billion$ per day on combined major exchanges and mstr holds around 60billion$ worth of bitcoin so i think its not that market cannot absorb this massive dump just the panic it will create in market maybe not be sustained if lets say everyone tries to sell.
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25 sats \ 2 replies \ @BlokchainB 28 Nov
That is probably total volume (buy and sell) plus price is set at the margin. If some market sold $60billion on a low buy volume day the price will free fall until buying can absorb all that sell pressure
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83 sats \ 1 reply \ @DrBrader99 OP 28 Nov
So we just hope that it wouldn't happen.
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0 sats \ 0 replies \ @BlokchainB 28 Nov
If it does just take advantage and buy more sats
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