RE:RE:RE:What is the messageMaterialsMan wrote: In pondering your response, I asked myself what could be the underlying element behind the upward volatility of bitcoin that you can't quite put a finger on.
How soon we forget.
Not saying that this conjecture can be solely attributed to the millinnials and gen-x's since I doubt they have a corner on the robinhood effect, which is simply defined as investing in whatever, without regard to any underlying principles that would justify the value attributed to it. It has a lot to do with irrational exuberance.
Havn't a clue if this theory holds water but wouldn't it be sweet if it was applied to gold by the same crowd.
As an example, what worldly event happened today to cause BTC to drop 4.5%?