[uncensored-r/Bitcoin] Bitcoin News: Reddit seems to downplay real bad news. They do not allow me to post what happened ...
The following post by Johnnytsunami0924 is being replicated because the post has been silently greylisted. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7wlk74 The original post's content was as follows:
The following post by MundiCriptoNoticias is being replicated because the post has been silently greylisted. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/73swqy The original post's content was as follows:
The real news is that Bitcoin is so liquid that it can swallow Square's $50m buy without any sizeable impact on price. The same can be said about MicroStrategy's $425m buy. Bitcoin's liquidity is already sufficient for the herd that's coming.
I'm a little bit tired of all the amazing news of firms buying hundreds of millions of dollars of Bitcoin, and then the price is stagnant or declines
Can someone explain who is matching the selling pressure to drive the price downwards despite the supposed buy pressure of grayscale and hedge funds proclaiming they are absorbing hundreds of millions of dollars? Can someone give me the truth of why it hasn't soared past $12,500 based on the whales buying tens of thousands of Bitcoin, far surpassing daily mined btc?
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