Good morning Bitcoinland. Now that April NFTers' Day is officially behind us, we can get back to reality.
After a splendid month of March (soaring from $49k to $59k) we can look forward to continuing this amazing bull run by going for an unprecedented 7th consecutive green monthly candle.
For now, we're still going sideways in the $5xxxx range, albeit knocking on the $60k door... currently $59315USD/$74538CAD (Bitcoinaverage).
When we finally break through, watch out.
Go Bitcoin go.
If you are buying 600mm worth OTC what's 1% to keep the price "oracle" in line?
People are probably tired of me saying this, but I just can't see how this is not what is currently in play... and it is ridonkulously bullish once it stops working.
Indeed. I've been trying to remind people about this for years but there are still some who act as if online exchange prices are strictly the result of supply and demand with "whales" being equal participants.
Obviously since most high-level holders operate over-the-counter off-exchange, they can use online exchanges mainly to dump to keep nominal prices artificially low for buying offline.
Where do people think the "bear whales" keep coming up with the coins to crash (correct) the price down periodically? Not at online exchanges.
...and the rich get richer and the poor get poorer... ain't we got fun?