Well, I agree that it's highly unlikely that someone selling some Bitcoin can make it crash so hard. Maybe it can affect the price a little bit, but cmon... Not like this.
It's sad that most people know only about Bitcoin and they think it's the ultimate and best crypto. Obviously, there are many greater cryptos with better technologies and way cheaper, but every crypto price basically is dependent on Bitcoin.
If Bitcoin is doing bad, everything is doing bad.
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Other technologies are only good while not at scale of Bitcoin.