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If Every r/Bitcoin Member Bought 0.0972 BTC, We Could Drain Coinbase’s Supply!!
If 7.77 million R/bitcoin’S suddenly try to buy nearly 10% of all BTC on Coinbase, there wouldn’t be enough sell orders at current prices. Or To completely drain BitMEX’s 50,000 BTC supply, each r/Bitcoin member would only need to buy 0.00643 BTC each. About 550usd • As BTC rips upward, FOMO (fear of missing out) kicks in, bringing in even more buyers. • Traders and institutions would front-run the move, further accelerating the price increase. Make me think
| | If 7.77 million R/bitcoin’S suddenly try to buy nearly 10% of all BTC on Coinbase, there wouldn’t be enough sell orders at current prices. Or To completely drain BitMEX’s 50,000 BTC supply, each r/Bitcoin member would only need to buy 0.00643 BTC each. About 550usd Make me think |
