Mika
VIP Contributor
Yes, you read this right.
If people decide to pull Bitcoin down to $10K, they can do it just in a couple of weeks. If they decide to push it to $100K, they can do it in a couple of weeks.
The price of crypto currency is dependent on demand and supply. The price goes up when there is demand but not much supply, and the price goes down when there is no demand but a lot of supply. In other words, when people start buying crypto currencies and start investing a lot of money, the price will go high (because there is demand). However, when people start selling crypto assets, the price will go down (because there is a lot of supply).
Let say, you have billions of dollars, don’t you think you can easily create more demand or more supply?
If people decide to pull Bitcoin down to $10K, they can do it just in a couple of weeks. If they decide to push it to $100K, they can do it in a couple of weeks.
The price of crypto currency is dependent on demand and supply. The price goes up when there is demand but not much supply, and the price goes down when there is no demand but a lot of supply. In other words, when people start buying crypto currencies and start investing a lot of money, the price will go high (because there is demand). However, when people start selling crypto assets, the price will go down (because there is a lot of supply).
Let say, you have billions of dollars, don’t you think you can easily create more demand or more supply?