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A comment on Bitcoin Surges Past $7,000 to Extend Record Rally. Parent comment

Re:Bitcoin Surges Past $7,000 to Extend Record Rally by ihsw2 on Thursday November 02, 2017 @08:44AM (#15609850)
It may be some time until $100M of daily churn doesn't result in a 15% price swing. The market capitalization of BTC would need to increase considerably to accommodate such a scenario.

And it looks like we are quickly approaching such a scenario.

The rich (and super-rich) have a lot of resources to move markets and BTC is currently especially susceptible to this.

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Re:Bitcoin Surges Past $7,000 to Extend Record Rally by davidmanescu on Thursday November 02, 2017 @08:51AM (#15609910)
Indeed. I guess volatility like this isn't a dealbreaker for other asset types so it shouldn't be here. Just seems odd that we call it a "currency" when these things happen routinely.
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