Re:Bitcoin about to cross $11,000
by oblib on Wednesday November 29, 2017 @07:18AM
(#15806220)
This feels so much like a "Pyramid" scam, or "irrational exuberance" and markets are climbing with it, and for no good reason other than too much money in too few hands.
[ Parent
| on HN ]
No doubt. There's a few parties with a lot of money to invest; I'm sure every once in a while they chuck a few million into the market, raising the price above a certain threshold. News outlets pick up on it, a lot of people's interest perks up, they buy quickly to ride the upwards wave, annnd the party that bumped the price up initially slowly sell off again. Easy 30% return on investment.
Re:Bitcoin about to cross $11,000
by dvfjsdhgfv on Wednesday November 29, 2017 @08:15AM
(#15806486)
In this case it might be a bit more than 30%.