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Another critical issue is Bitcoin's preset supply. With only 21 million bitcoins ever being minted, its scarcity can result in spectacular price tag modifications as desire may differ. That is exacerbated by "whales" or big holders of Bitcoin, whose sizable transactions can sway the market noticeably.

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In this example, you'll have an excellent price target in your mind and wish to initiate an automated trade if the market reaches that focus on.}