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Yeah... but... nah... it being the biggest fad in history does not mean it’s not a fad. If even 5% of bitcoin held were placed on the market simultaneously the
by qubex 7y ago
Yeah... but... nah... it being the biggest fad in history does not mean it’s not a fad.
If even 5% of bitcoin held were placed on the market simultaneously the whole thing would implode like a coke can filled with a vacuum. It’s totally illiquid and any attempt to cash out by a significant proportion of holders would herald instant disaster. That’s why it’s so volatile. Research shows the 2017 peak and crash were due transactions by a single ‘whale’.