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Consider how much money had to enter the market for the price to reach $1000. Consider how much money had to enter the market for the price to reach $20,000.
by guildenstern 8y ago
Consider how much money had to enter the market for the price to reach $1000.
Consider how much money had to enter the market for the price to reach $20,000.
Now consider how much money will have to enter the market, after everyday “normal” people from outside of tech have lost hundreds or thousands, for the price to reach $250,000.
- charlesdm 8y agoJust look at the valuation of the dot-com bubble, which was mostly US driven. The market went up to about $10tn (in todays dollars). We saw $800bn for crypto at the height, and it's down to about $200bn at the moment.
- sdf43543t345 8y agoThe price is the last price paid for the coin. So by definition, if nobody sold any coin, it would only take 250000-6000 dollars for the price to reach 250k. Its not so much about how much money enters the market, but supply/demand for the underlying asset.