Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jbreher
on 01/08/2020, 03:57:38 UTC
But the market cap of bitcoin will not rise X because X value is put into it.  It will rise Z when X value is put in.

Price goes up when buyers buy more than sellers sell. It has *nothing* to do with "incoming" money. Market cap is meaningless.
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 Huh At the risk of uttering a tautology, exactly as much bitcoin is bought as the amount that is sold.