Comment by moonchrome

Isn't bitcoin trade on like a few million dolars per day globally according to some really rosy estimates ? If I'm reading this correctly it has 1.6M$ on the bid side. Do people realize that with such low liquidity the price is irrelevant ? Real news would be it doing $100M transactions in a day or having $100M on bids, not that it would be significant but that would show some real growth, this is just a few people playing with their savings.