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Of course there will be corrections. There are a small number of people who own a large enough percentage of BTC that when they cash out the market will correc
by grandalf 9y ago
Of course there will be corrections. There are a small number of people who own a large enough percentage of BTC that when they cash out the market will correct significantly.
There are some forces acting against this:
- The general usefulness of BTC, which reduces the incentive to move wealth out of BTC
- The incentive for these large holders to transact slowly, preventing an abrupt correction.