3 ms·
N00b/ELI5/Ask HN question : Where is all this money coming from?
by hans0l074 9y ago
N00b/ELI5/Ask HN question : Where is all this money coming from?
- rastapasta 9y agoFrom people who are willing to exchange 'real'-money backed numbers ('fiat') with might-have-some-worth-soon numbers.
- rocqua 9y agoNot all the quoted money is actually there. The only real money being spend are the transactions on the exchanges. There, it becomes hard to differentiate many 'real' buys of bitcoin cash from someone just flipping back and forth between the two.
- eswat 9y agoOther than Bitcoin Core most of the popular alt coins have come down in price during this rally so many traders are just exchanging one cryptocurrency for another.