If the market went down by 50% however, and then stayed low for an extended period (maybe two days), then a flood of sell orders will definitely appear.
It works in both directions, people who are speculating on Bitcoin will be easily spooked by a medium-term crash.
midnightsine is pulling his numbers from limit orders posted on MTGox. I'm saying that's not an accurate measure of what it would take to send Bitcoin to 0.
It works in both directions, people who are speculating on Bitcoin will be easily spooked by a medium-term crash.