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Bullies with deep pockets can attempt to destroy a market, but value investors with sensible limit-buy orders tend to get paid. (Accurately valuing bitcoin is
by ISL 9y ago
Bullies with deep pockets can attempt to destroy a market, but value investors with sensible limit-buy orders tend to get paid.
(Accurately valuing bitcoin is fraught with risk, but a limit-buy at $1000 today is likely to be a net win. Let the bully sell, and let the limit order soak it up.)