Flash Crash Maths: every real $1 removed from BTC market removed at least $2100 of “market cap”

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by future_greedy_boss

Rough numbers because can’t be arsed: ~$35MM sell-off on one exchange knocks ~$4,000 off BTC price on all exchanges (as of this writing, ~64,500 went to ~60,500).

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~19M BTC issued x $4K is about 75 BILLION knocked out of market cap. 75Bn/35MM = $2100 and change.

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this doesn’t even begin to factor in the other coin markets collateral damage, or ultimate loss of momentum.

 

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