Volume will be too small. Bigger movement is when institutional comes in
Interesting. Wonder if BTC will pop over thanksgiving as ppl finally get around to helping their parents finish Coinbase onboarding.https://twitter.com/rrhoover/status/932797764907307009 …
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Mostly a joke. But after helping a tech-savvy, ~60 year old ex-Goldman guy navigate through Coinbase onboarding - I think there is real pent-up consumer demand.
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I feel like individual buyers aren’t moving the price at all, it’s almost entirely institutional money
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Almost entirely, sure, but it's definitely both https://docs.google.com/spreadsheets/d/1NgvD2kFT69mSXuJPzPDu-Qv9SS1ck2iPt6Kw9a55z0k/htmlview … (h/t
@alistairmilne)
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Nope, because it takes 2 weeks to fully set up CB
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"Do you think we could do some mining with our PC? You know your Mom and I never upgraded from Win XP, but it's fine for Facebook and email."
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There’s gonna be at least one instance of someone logging into their parent’s Coinbase account only to find $1M of BTC they bought 5 years ago.
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Absurdly accurate. I came home and found Coinbase on my dad's computer.
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On the other hand there may also be a sell pressure as people who bought earlier in the year start buying Christmas gifts :)
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Flipside: takes your dad like 10 days to be approved to buy more than $20 worth.
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