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by ftlio 667 days ago
Begging the question. What makes the prices inflated today?
2 comments
AlexandrB 667 days ago
As with any investment, there's always the classic "Past Performance Is No Guarantee of Future Results". But with Bitcoin a significant downturn could be an existential threat if miners decide it's no longer worth their time and money to keep the blockchain running.
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Ekaros 667 days ago
Speculation... And probably quite a bit of wash trading...
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ftlio 667 days ago
Speculation would qualify almost everything, so that would be more of a statement on macroeconomics beyond Bitcoin.

BTC is liquid enough while seeing billions of dollars in inflows a month to discount wash trading as a major factor.

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