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June 16, 2017, 12:50:34 PM |
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It's all part of the market. Expect these price swings to increase in intensity as the price goes up further throughout the years. The higher the price goes, the weaker the overall buy support gets, and the more we'll see heavy fluctuations. Imagine how that will be when the price reaches the $10,000 level.
Overall buy support;
$1,000,000 will be enough to swallow 2000BTC at $500 per coin. $1,000,000 will be enough to swallow 1000BTC at $1000 per coin. $1,000,000 will be enough to swallow 500BTC at $2000 per coin. $1,000,000 will be enough to swallow 400BTC at $2500 per coin. <- here we stand today. $1,000,000 will be enough to swallow 100BTC at $10,000 per coin.
Whales keep accumulating coins, overall buy support gets weaker and weaker; result - whales become more influential than ever before. Example speaks for itself.
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