Quote from: sbtctalk on July 30, 2016, 09:08:48 AM

Quote from: Shiroslullaby on July 29, 2016, 12:37:53 PM

Quote from: randy8777 on July 29, 2016, 12:28:20 PM

it allows smart traders to benefit from that situation and buy up at lower prices.

Exactly. If BTC fell to $600 I would be panic buying.
Even if I lost money now, I look at is as a long-term investment.

Every day we see a sharp drop of $10-15 and then it goes right back up.
I guarantee there are some people buying a large amount of coins during those hours.

Yes. Every 10 BTC traded would yield the trader USD 100 minimally. Has money evaporated from wall street? It is now in crypto?

Hedge funds are undoubtedly dabbling in Bitcoin, but Wall Street deals in trillions of dollars in cumulative value, dropping a couple million into Bitcoin wouldn't be noticeable.