The sad part is that Wall Street is (temporarily) driving this bull now.
What appears to be happening is that the futures market is being used by the Wall Street players as a forecaster of prices and the bulk of other bitcoin traders are following suit. Sad but true, as predicted the legendary Bitcoiners are loosing control of this market.
What appears to be happening is that the futures market is being used by the Wall Street players as a forecaster of prices and the bulk of other bitcoin traders are following suit. Sad but true, as predicted the legendary Bitcoiners are loosing control of this market.
Futures have accounted for less than 1% of BTC's actual volume, plus it's not BTC volume.
It goes to show how weak minded many are. They're looking for authority to defer to when all of the power remains in their hands.
Yes