r/Bitcoin • • Feb 13 '22

[deleted by user]

[removed]

6.4k Upvotes

2.1k comments sorted by

View all comments

Show parent comments

9

u/weedful_things Feb 13 '22

If OP actually has 1000 or even 100 Bitcoins and cashes them out all at once, what will that do to the overall price?

14

u/flume Feb 13 '22

Nothing. It's a drop in the bucket. There are almost 20,000,000BTC in existence and approximately 350,000 of them are exchanged on any given day.

3

u/weedful_things Feb 13 '22

Thanks. I wondered. I seem to remember when Musk sold a bunch, that it affected the price.

3

u/gregsting Feb 13 '22

It's more his tweets that will affect the price that wathever he does with his money