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Author Topic: [2016-07-17] news.bitcoin.com-Preserving the Markets: What Needs to Happen ...  (Read 235 times)
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July 17, 2016, 12:08:02 PM
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Preserving the Markets: What Needs to Happen to Bitcoin Price

Civic CEO Vinny Lingham, a frequent commentator on price movements, told Bitcoin.com his prognostication one week before the reward halving “has played out pretty well so far,” with prices remaining fairly stable between the $600 and $700 marks.

He also reiterated the point he made in June — that large volumes of bitcoin trading happen away from the public markets (OTC trading). These trades, made by bitcoin “whales” with large amounts of money, causes price volatility.

Until public markets become so liquid that all trading can take place on the open market, he said, this activity would continue.

READ MORE >>> https://news.bitcoin.com/preserving-markets-bitcoin-price/

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Kaneki
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July 17, 2016, 03:57:37 PM
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No-one really knows where the bitcoin price will go from here — those who say they do are only guessing and/or lucky
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July 18, 2016, 10:11:35 AM
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yes I also agree with you, I think no one really can predict with certainty bitcoin prices. Most said it was the analysis but I think most of the They just guessing, you said correctly.

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July 18, 2016, 01:56:04 PM
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One can't wipe out the private market, people have the right to do their transactions wherever they want. And the thing is that these "whales" are trying to avoid the huge bitcoin exchange fees.
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