Bitcoin
Out of context: Reply #1017
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- yuekit0
One thing that is interesting is that Coinbase and other exchanges tend to have limits on how much you can invest each week.
This combined with the current level of interest and media coverage could mean you have small time buyers putting in a little bit each week, i.e. a few hundred or thousand at a time.
If that's the case then I'm having trouble imagining why the price wouldn't continue to rise steadily at least in the short term. A gradual rise punctuated by a buying frenzy when it hits certain milestones such as 20k etc.
And if six months from now you've had a similar increase in value (such as price doubling again), wouldn't that simply encourage more people to begin this process?
Just trying to think about what scenarios would lead to a continued increase now that the price is already so high, or a crash...
- a large whale could have a bot network trading amongst oneself to get around the limits, making it seem like more small time action to try and sucker you in********
- a large whale could have a bot network trading amongst oneself to get around the limits, making it seem like more small time action to try and sucker you in