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....and what happens when one sells? another buys? I don't get your argument there! Purely exchange, over a million coins are traded daily! So, there is no bub
by logicmuch 13y ago
....and what happens when one sells? another buys? I don't get your argument there! Purely exchange, over a million coins are traded daily!
So, there is no bubble in my opinion, there will be ups and downs without a doubt, but I see this out lasting all of us in some form or another!
- Kanbab 13y agoBuyers and sellers need to agree on a price, it is not always the case that they agree for the listed price, hence bid and ask prices are different. For example, when thousands of people want to sell at $1000, then there will be downward pressure on the bitcoin. When someone tries to sell out $1,000,000 worth of bitcoin, he will need to find a buyer that is willing to part with $1,000,000 USD. Good luck!
- joezydeco 13y ago...or 200 buyers willing to part with $5,000. Exchanges can aggregate orders and don't need a 1:1 match. Stock exchanges do this all the time.