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A comment on After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors. Parent comment

Re:After the Bitcoin Boom: Hard Lessons for Cryptocurrency I... by guildenstern on Tuesday August 21, 2018 @03:14PM (#17812782)
Consider how much money had to enter the market for the price to reach $1000.

Consider how much money had to enter the market for the price to reach $20,000.

Now consider how much money will have to enter the market, after everyday “normal” people from outside of tech have lost hundreds or thousands, for the price to reach $250,000.

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Re:After the Bitcoin Boom: Hard Lessons for Cryptocurrency I... by sdf43543t345 on Tuesday August 21, 2018 @04:14PM (#17813333)
The price is the last price paid for the coin. So by definition, if nobody sold any coin, it would only take 250000-6000 dollars for the price to reach 250k.

Its not so much about how much money enters the market, but supply/demand for the underlying asset.

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Re:After the Bitcoin Boom: Hard Lessons for Cryptocurrency I... by charlesdm on Tuesday August 21, 2018 @03:22PM (#17812846)
Just look at the valuation of the dot-com bubble, which was mostly US driven. The market went up to about $10tn (in todays dollars).

We saw $800bn for crypto at the height, and it's down to about $200bn at the moment.

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