Reply to post: Re: Not surprising

Bitcoin price soars amid technical troubles for exchanges


Re: Not surprising

I'm not sure when the early birds are cashing out and burning all those that bought in much later..."

That supposed lump sum of 14,400 BTC that was cashed out yesterday at $15400. That equals over $200 million. How? What exchange could provide that much cash? This is where I think things might go wrong. Once the value has inflated beyond the fiscal capacity of any one organisation to trade, what happens then? Actually while writing that I realised what they'd do - continue dealing in fractions of BTC, but have a slowly-lowering ceiling of the highest amount they'll trade in.

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