People will sell off coins here at the end of the year to claim a big loss on their taxes. But we need more than that. We need bad news. We need negative press stories. We need security flaws to be "discovered", even if they don't really exist.
And why do we need this?
To get the prices down so I can buy in cheap to several coins, and then let them ride to BIG PROFITS on the next market cycle upswing!
Gotta get that dolla dolla bill, yo!
That type of logic will not help bitcoin at all. You can get bitcoin to drop to 1 dollar each and buy as much as you can in order to profit but when the price drops to 1 dollar it doesn't mean it will recover right away, maybe it will keep continue going down ? Maybe it will stay there for a long time ?And why do we need this?
To get the prices down so I can buy in cheap to several coins, and then let them ride to BIG PROFITS on the next market cycle upswing!
Gotta get that dolla dolla bill, yo!
There are coins that used to be 35+ dollars (like nano) which are about 1 dollars right now, that is about x30+ profit if you are willing to risk, go buy some nano and wait for it to go back to all time high prices, bitcoin is only x5 away from all time high prices whereas nano is x30 away and you can make so much profit, a small $3000 investment to nano would yield over 100 thousand dollars if it goes back to all time high. Why do we not do it ? Because, nothing suggests it will go back there anytime soon. Same applies with this logic.