Here's why we're probably gonna see another sharp rise in price soon.

Here's why we're probably gonna see another sharp rise in price soon. /u/fan_of_hakiksexydays Exchanges are dealing with an unprecedented backlog of newcomers flooding in. Probably people seizing the opportunity to get in on Bitcoin when the price has dropped. We know this because exchanges like Bittrex can't even accept new accounts anymore, Gemini is days, possibly weeks behind in its application process. Even on the hardware side, merchants selling Ledgers keep running out of stock. So there is definitely a flood of new money coming in, but they're currently being held up at one point or another. Even after they pass those walls, they'll still have to wait for the long initial bank transfer. So we may be looking at a bottleneck keeping a ton of money out of Bitcoin right now, that could start flooding in once things unclog a little. submitted by /u/fan_of_hakiksexydays [link] [comments]< /a> Reddit