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Isn't that true for all investments though? If all holders liquidate the price crashes.
by VMG 9y ago
Isn't that true for all investments though? If all holders liquidate the price crashes.
- empath75 9y agoBut that only happens if the company is insolvent or otherwise failing. If that isn't the case, new buyers would come in because the stock represents a share of something that has actual value. There is no such underlying asset beneath bitcoin. It's only value is speculative.
- VMG 9y agoApparently that is enough to sustain it. Many people have successfully liquidated their position and found new buyers.