Post
Topic
Board Speculation
Re: The real reason BTC price has dropped
by
Timmzzy
on 27/12/2018, 05:43:09 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

Well most panick sellers do make price of bitcoin drops and when they panicked sells investors loose funds and which in turns made they withdraw funds.