No, I don't care & I don't give a t0ss. On a previous DM article, it was said that the value of Bitcoin had risen by 1,700% from the start of this year. What idiot would want to buy now at the "marked up" valuation of 1,700% now, in the belief that it will continue rising by 100% or so every month? The real winners are the ones who bought at the start of the year at 1,700% LESS its current valuation - they'll be cashing in their Bitcoin now at this higher valuation, as it is the new people investing now that is keeping the valuation high & it is their investment that stops the market from crashing as it fills in the void created when the earlier investors cash in their Bitcoin now. When the new investors see that their Bitcoin investment has NOT risen much during the next few weeks & instead the value begins to drop as new investment slows down, that's when the market will crash as everybody tries to cash in their Bitcoin all at once for fear of the value dropping even further.
You are viewing a single comment's thread from: