The math of crypto traders, or how to tank the market with 32 bitcoins:
"Saylor's got a balance of 850,000,$BTC , and he decided to sell... 32 coins, just to 'test the liquidity'.
Result: the market instantly dropped by -10%.
Purely mathematically: if he decides to unload all his 850k bitcoins, the price would plummet right down to 1 cent. Exactly where I've already set limit orders to scoop up all 21 million BTC".
A genius plan, as reliable as a Swiss watch. Waiting for bitcoin to hit a cent!
"Saylor's got a balance of 850,000,$BTC , and he decided to sell... 32 coins, just to 'test the liquidity'.
Result: the market instantly dropped by -10%.
Purely mathematically: if he decides to unload all his 850k bitcoins, the price would plummet right down to 1 cent. Exactly where I've already set limit orders to scoop up all 21 million BTC".
A genius plan, as reliable as a Swiss watch. Waiting for bitcoin to hit a cent!