I think scenario 2 can only last until the people who bought-in early have sold their volume. The demand is increasing faster than the supply so scenario 2 seems highly-unlikely.

Very stressed here because I am buying large (0.8btc) amounts above market price.

You should ask someone less biased than me. Arthur Hayes made an interesting comment, and Wallstreet firms deciding to get involved in crypto is a turning point imo. If my banks were open 24/7 I would not be as stressed but I am desperate to find sellers. The real stress will come if it drops overnight when banks are closed. Taking risks when I do not have enough information to predict the outcome is stressful.

Banks are closed aaand price is dropping fast. Have to rely on interac but feels bad man, having this week's plans fall apart.

Yeah they won't let you score above a certain threshold. If you score above 160 in Canada then they either round down or disqualify you (in my experience).

This much volatility in bitcoin price is going to be good for Wallstreet so that they can advertise their upcoming centralized crypto as being more stable than decentralized crypto, regardless of where the price goes from here. Bankers gotta lend. Guess I'll keep buying until I run out of fiat.

Not much Canadian action on localbitcoins today. Everyone is cautious.

wtf? This is... REALLY bad!
Military elite getting off to "Slaughterbots" while US poverty soars.

Any news as to why the price jumped today? Was not expecting price to bypass $6740 so strongly.