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If this happens, Bitcoin and the rest of cryptos will drop significantly. Watch out since we are due for a big drop (30-40%) after this huge run up from March.
by funnylights 6y ago
If this happens, Bitcoin and the rest of cryptos will drop significantly. Watch out since we are due for a big drop (30-40%) after this huge run up from March.
Also, this will impact large buyers of crypto and we should see less demand from the larger buyers (those that trade in the million $ plus range). Hence, more downward pressure on price.
- panarky 6y agoNah, the latest price and volume increases are driven by institutional buyers. Unlike 2017, retail is still asleep. Institutional buyers don't care about KYC.
- hnuser123456 6y agoThe run up is driven by the mining reward halvening in May and we've barely scraped the ATH. In the past, the year after a halvening saw approx. 10fold increase in price. I would expect at minimum a price of 40k before this one pops down to ~15k. The last local minimum was 3k.