You are viewing a single comment's thread from:
RE: SCARY Trend in Bitcoin & Other Cryptocurrencies
Isn't this a good sign? After a very parabolic run-up as we had last year, mainly fuelled by hype and the emotional investor. Now price is more stable, price moves less erratically as institutional investors manage the better part of the market.
I am not so sure the run up of 2017 was driven entirely by initial investors. Something big happened, market cap went from a few billion to hundreds of billions. Either the big banks were gobbling up everything in sight, or VC's and hedge funds were buying like crazy. It is being driven by something bigger than you and me for sure.