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Message Subject Anonymous trader buys $400 million in bitcoin
Poster Handle RandomS
Post Content
$400 Mill to a multibillionaire is chump change.
 Quoting: Anonymous Coward 75993659


Of course it is, but having billions and transferring 400 million into an exchange or btc service in order to be able to buy that much BTC.. ouch.

If that order would hit one shot it would cause the price to go absolutely wild as they buy all of the open orders (each of which is slightly higher than the other, and is often for less than 1 BTC) - that's like 40,000 BTC - if you observed the order books for btc on an exchange chances are there are not even 40,000 available to buy heh
 
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