Post
Topic
Board Speculation
The real reason BTC price has dropped
by
Lucky7btc
on 16/12/2018, 21:04:31 UTC
Bitcoin supplier: "I'll trade you a bunch of 0s and 1s for $15,000"

Bitcoin sucker: "Ok, sounds like a great deal to me"

Next Bitcoin sucker: "I want to buy some 0s and 1s also but only for $13,000"

Bitcoin supplier: "Sure thing, how many do you want?"

Next Bitcoin sucker: "How about selling me 3 for $10,000 a piece?"

Bitcoin supplier: "Yep, pay in cash, please."

Bitcoin supplier: "I'm running a real deal special. I'm selling 0s and 1s for $7500 each"

Bitcoin suckers: "I'll take some", "Me too", "save some for me", "I'll buy 1/2 your stash for $5000"

Bitcoin supplier: "Sunday's Special 0s and 1s on Sale for $3200"

Bitcoin suckers all together: "We have already bought a lot at higher prices. We are only losing each time you sell cheaper. What should we do?"

Bitcoin supplier: "Hodl and buy more"  Grin Grin Grin