Quote:
Originally Posted by CJR09
At that much coin what happens when he pulls out though?
|
That's a good point, because you can only sell them if someone is willing to buy them... Just like shares.
Trying to find someone to buy $700 million worth is much harder than us little players trying to offload maybe a few thousand.
He would have to sell them off slowly and in small parcels over time.
Someone offering to sell that much, especially at less than the going price, once he's made a profit, would definitely influence the market price.