My interpretation is that the supply of bitcoins is now distributed among much more people than a
few months ago. We saw a lot of massive sales, where a single trader used to sell 10k or 20k bitcoins
at once. When this happened, the coins that were sold were distributed among many buyers; the result
is that the number of people holding bitcoins is now much higher. Of course there were a few massive
buys too, but much less; buyers typically bought smaller amounts, especially during the downward trend.
few months ago. We saw a lot of massive sales, where a single trader used to sell 10k or 20k bitcoins
at once. When this happened, the coins that were sold were distributed among many buyers; the result
is that the number of people holding bitcoins is now much higher. Of course there were a few massive
buys too, but much less; buyers typically bought smaller amounts, especially during the downward trend.
So if that's true, how long until people stop complaining about the early adopters?
2 years later: People are still complaining about the early adopters.
Oh, and the end of hypervolatility you say?
