Re:Bitcoin nears $8,000 as ‘FOMO’ traders pile in after crash
by charlesdm on Friday November 17, 2017 @03:02PM
(#15725520)
Can $20m really push up the price that much, when talking about a $125bn market cap? Seems like a pittance.
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Re:Bitcoin nears $8,000 as ‘FOMO’ traders pile in after crash
by maxerickson on Friday November 17, 2017 @03:46PM
(#15725822)
The market cap isn't the right benchmark, there are too many friction points in trading bitcoin for any holder to respond to any buy offer.
Ideally you'd measure the liquidity of individual markets and between them.