Depends on the exchange. If the order books are thin literally any amount and visa versa.
JuxtaposeLife on
If there is no buyer then a single Satoshi being sold can make the market drop $1000 instantly. Same goes the other way if there isn’t a single seller. It’s not the volume that moves the price it’s the imbalance between buyers and sellers that does it
So to answer your question, you have to figure out how many people are willing to buy BTC for the price right now as well as down to $1000 less and you’d have to sell enough to satisfy them all, or else the price won’t drop that far. But if all those buyers vanish then it can take very little selling to move the price.
Fat-Finger-8906 on
0.000000nothing000
discussionandrespect on
A billion bucks worth
helmetdeep805 on
I sold some last month when it dropped to mid 60s I think it was like maybe 2000.!!!! 😜
Doritos707 on
Like maybe 100k BTC at once?
200k would for sure cause a move
yoneroyamagachi on
Around 20 bucks. Because thats all I have in my savings account and I’ve set a buy order at $1000 for $20 of BTC. /s
8 Comments
Depends on the exchange. If the order books are thin literally any amount and visa versa.
If there is no buyer then a single Satoshi being sold can make the market drop $1000 instantly. Same goes the other way if there isn’t a single seller. It’s not the volume that moves the price it’s the imbalance between buyers and sellers that does it
So to answer your question, you have to figure out how many people are willing to buy BTC for the price right now as well as down to $1000 less and you’d have to sell enough to satisfy them all, or else the price won’t drop that far. But if all those buyers vanish then it can take very little selling to move the price.
0.000000nothing000
A billion bucks worth
I sold some last month when it dropped to mid 60s I think it was like maybe 2000.!!!! 😜
Like maybe 100k BTC at once?
200k would for sure cause a move
Around 20 bucks. Because thats all I have in my savings account and I’ve set a buy order at $1000 for $20 of BTC. /s
If you are asking you don’t have enough