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I sold bitcoin to pay for Christmas. The downside risk was greater than my perceived upside potential. We might double our money at this point? Triple it? You c
by justinzollars 6y ago
I sold bitcoin to pay for Christmas. The downside risk was greater than my perceived upside potential. We might double our money at this point? Triple it? You could do the same with Silver with much less risk.
- christiansakai 6y agoBut who are selling in large numbers? Individual sellers won't have the capacity to absorb the demand.
- justinzollars 6y agoit's a market? A market exists to support large buy and sell orders
- christiansakai 6y agoIt is, but what I'm failing to understand is who are the source of Bitcoin. AFAIK the institutions are the biggest consumers now and also hoarding it, so who are the sellers? It can't be retail investors right, I don't think they have the capacity to absorb the demand.
- renewiltord 6y agoPresumably being unable to absorb the demand is why the order book is being depleted hard enough that the price is spiking.