Quote:
Originally Posted by crucifissio
BTC @100k and let's say 15mil bitcoins mined by then, dictates a market cap of 1.5trillion $
Some will want to cash out...live the baller life...0.1% in that case is a billion $...just 0.1% at the same time...
You guys really think the exchangers have a billion? 0.1% is a very conservative figure considering the highly speculative nature of BTC...then there's the domino effect...
Just one wallet with 1000 BTC cashed out would bankrupt the whole system...
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its not the exchangers that need to flash money money to buy bitcoins..ITS THE CLIENTS/ BUYERS - someone on the other hand of transaction...exchangers are just middlemen taking their % of each transaction...so basically they earn regardless if its goes up or down
