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The ever persistent question I have about bitcoin is simple: Who's actually buying it with cash at a $4k+ valuation? Is anybody in their right mind doing that
by fortythirteen 9y ago
The ever persistent question I have about bitcoin is simple:
Who's actually buying it with cash at a $4k+ valuation? Is anybody in their right mind doing that or is it a completely theoretical number?
The thing about Bitcoin is that it's 100% transparent, except for where it's not.
- xutopia 9y agoMost people who buy bitcoin buy fractions of one. A lot purchase it through sites like coinbase.com (I am not affiliated with them).
- deleted 9y ago[deleted]
- dwaltrip 9y agohttps://coinmarketcap.com/currencies/bitcoin/#markets https://coinmarketcap.com/currencies/bitcoin/#markets Look at the 24 hour volume column to answer your question (yes, it is a robust market with many buyers and sellers). There are a few foreign exchanges with zero fees, so those volumes must be heavily discounted, but the majority of the listed volume is legitimate.