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Is it naive to think this NYT article will cause the ETH price to go up for the next few days? Suppose the article has 10M viewers, 1% decides to buy some ETH
by jtwaleson 11y ago
Is it naive to think this NYT article will cause the ETH price to go up for the next few days?
Suppose the article has 10M viewers, 1% decides to buy some ETH for investment, on average $500, that means $50M of extra demand in a matter of days. (These numbers are wild guesses.) Current daily trade volume is $25M.
- wslh 11y agoIt's not naive, but there is no Coinbase for Ethereum so you need some knowledge to run the node (also, it is not just running it because sometimes it fails to work properly). Taking into account this friction less people will try.
- DennisP 11y agoPeople can buy ether on Bitfinex, Kraken, and Poloniex. The first two take dollars, the last only bitcoins.