Saving this topic so I can bump it in 10 days and laugh at OP's expense because we'll still be breaking ATH's every hour by them.
See you soon
See you soon
Guess who was wrong
Its going above $2000 again and maybe its beginning to go back to normal. Was the rise of all the cryptocurrencies partly because of Consensus 2017? I noticed they all went down after the convention.
Take notice that the price of 1 BTC is over $2,800 on Korean exchnges. And there's one exchange, I think it's South African, luno, where the price is $2,890. And I think those people know what they are doing, everyone would rather sell their coins to them and thus they will have a lot of coins which will increase in value in the future
Yeah, these people certainly know what they are doing
But that may be not what you think they are actually doing. When you see such a huge price discrepancy between the price at a certain exchange and the average price across the market, there is always some reason for that. Most likely, you can't withdraw fiat from them, or the withdrawal commissions are simply insane. Otherwise arbitrageurs would quickly jump at this profit opportunity and they would quickly level off the price with "the rest of the world"
I didn't know about that. But I still doubt this is the case. Bithumb, for example, is a big exchange with trading volume 157,624 BTC in the last 24h. If they were like you said, who would use the exchange? The price 1 BTC there is $2815.28 right now. But they have this remark, *Price Excluded and I don't know what it means. But even if it means "tax excluded" and they charge a lot on withdrawal my question remains: Why do so much people trade there?
there's no eternal high price, the price just go down eventually when people feel that the price is high enough and be ready to sell their damn btc 
