So we all know BTC drops when people sell their coins... but the peaking is purely because of investments...
not completely correct.people are selling and buying at all times, even when price is rising and even when price is dropping. price goes down only because there are more sellers than buyers and in bitcoin it happens during corrections (small drops) and during panic sells due to FUD (big drops).
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The mall in S.Korea that started accepting BTC as of this month played a massive roll in BTC's growth. Obviously this is because BTC's awareness is growing!
Surely there are ways to bring the awareness of cryto to the population.
Are there any other 'blow ups' of crypto that you have heard of? Similar to the mall...
What are you doing to spread the awareness?
Surely there are ways to bring the awareness of cryto to the population.
Are there any other 'blow ups' of crypto that you have heard of? Similar to the mall...
What are you doing to spread the awareness?
one mall accepting bitcoin? it is not exactly "blow up" to get excited about. it is a small step though.
Thank you for the correction
However I have to disagree on the mall... it is the first mall in the world to accept BTC and it is the BIGGEST one in S. Korea... it gravitated a lot of attention and I think it's the reason btc shot to $11k
I have to disagree with you on that. The biggest driving factor behind the spike in the price is the announcement that Bitcoin futures will be offered on the CME Group and also later on NASDAQ. This is where the real money is coming from, with positive sentiments coming from the institutional capital side.
Japan previously opened up a merchant network of over 200 000 merchants that started accepting Bitcoin and we hardly saw any increase in the price, after that announcement. How many shops is there in that Mall? < not more than 200 000? >