Quote:
Originally Posted by Fat Elvis
I like to watch Bitcoin Ticker as I found it pretty fascinating watching the price/volume action on Bitcoin. One time, I saw a 40% price swing on Bitcoin in a 10 minute period; that, in and of itself, isn't rational. It gets really nutty when you look at the volume it took to move the price that much: Looking across the different exchanges that Bitcoin Ticker tracks, it only took about 1,210 Bitcoins to move that market by 40%--understanding that there are currently 16,851,412 Bitcoins in circulation currently, that means that .00665% created such a drastic change. To put it in perspective, imagine Berkshire Hathaway fluctuating in price by 40% based on one quarter of its average daily volume.
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The market is extremely thin and weak.
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Thanks, Trump for the civics lesson. We are learning so much about RICO, espionage, sedition, impeachment, the 25th Amendment, order of succession, nepotism, separation of powers, 1st Amendment, obstruction of justice, the emoluments clause, conflicts of interest, collusion, sanctions, oligarchs, money laundering and so much more.
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