3 ms·
> as people still want to buy/sell cryptocurrencies when prices go down Is this true? If you look back at the price graphs, there's typically a huge run up ev
by cj 6y ago
> as people still want to buy/sell cryptocurrencies when prices go down
Is this true?
If you look back at the price graphs, there's typically a huge run up every 1-3 years, followed by a crash, followed by another run up 1-3 years later. We're in the middle of a run up.
The run up is when people get excited and buy. After the crash, I would guess that enthusiasm about crypto will lessen, until the next run up.
I think this is somewhat supported by the fact that Coinbase's most recent quarter brought in an insanely higher amount of revenue compared with previous quarters before the latest run up.
- capableweb 6y ago> Is this true? Yes. Go here: https://coinmarketcap.com/charts/ https://coinmarketcap.com/charts/ and select before February this year (big spike in volume) and look at the transaction volume chart below the price chart. Steadily increasing rather than jumping, going down and jumping again. I'm guessing transaction volume for Coinbase looks the same way, as people need fiat money for cryptocurrencies and others place fiat money in cryptocurrencies no matter if the price goes up or down.