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Well the assumption here is that general public or the dumb money can actually create a rally which increases in multiple of 1000s. This is possible and does h
by thisisit 9y ago
Well the assumption here is that general public or the dumb money can actually create a rally which increases in multiple of 1000s.
This is possible and does happen in penny stocks where stocks go from couple of cents to couple of dollars or maybe in 100s. But, in 1k or even 10ks? I seriously doubt it.....Unless there is a story behind the volume and there is some serious round trip trading going on:
https://www.investopedia.com/terms/r/round-triptrades.asp https://www.investopedia.com/terms/r/round-triptrades.asp
- kkotak 9y agoIt's called market making. Happens on all exchanges. Without them there won't be liquidity.
- brucephillips 9y agoHuh? OP is describing appreciation, which has nothing to do with market making.
- Buttes 9y agoIt's certainly possible there are fraudulent trades driving price, it's pretty easy to do on BTC exchanges.
- an_account 9y agoAlmost no one I know buys a whole Bitcoin. You don’t have to put in 10K to get started.