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I don't see btc as being able to retain its hundreds of dollars in exchange currency value. Imagine you have 1 mil usd worth of btc, and then imagine trying to
by drchiu 13y ago
I don't see btc as being able to retain its hundreds of dollars in exchange currency value. Imagine you have 1 mil usd worth of btc, and then imagine trying to dump it all on the open market. You would probably find a widening gap in the bid-ask as your position is liquidated. In other words, there isn't likely enough buyers.
Someone is probably manipulating the supply and demand to serve their own purposes. You might as well day trade something more liquid.