Re: Warning: How many of you Bears have ever been a victim of a Short Squeeze?
@NotLambchop ..... you have still not answered his question ..... why are they accumulating?
~ some people can't see it ~
~ some people can't see it ~
On the off-chance you seriously want to know:
Bitcoin early adopters are unlike other self-made millionaires. They did not need to be particularly shrewd, intelligent, or business savvy to accumulate their wealth. No more so than lottery winners. Remember the Bitcoin pizza that was bought thousands of coin? Yeah, like that. The guy who got the coin was not a financial wizard, but coins he got.
And then there are paranoid, possibly mentally impaired holders like cypherdoc, who will never sell. Bitcoin tends to attract the unwell.
Does this help at all?
nice hand waving. how do you know they aren't financially astute? that's an opinion, not fact.
once again, nothing of substance from MyLameChop.