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That totally makes sense. But the comments I was replying to made it sound (to me) like it was going to be some long-term disruptor. $25k was the all time hig
by jcims 6y ago
That totally makes sense. But the comments I was replying to made it sound (to me) like it was going to be some long-term disruptor. $25k was the all time high just a couple of months ago. If it dipped to that because someone unloaded Satoshi's cache wouldn't everyone that already had a buy just double down? Seems like it would recover almost instantaneously.
- rspeele 6y agoIt is impossible to know because there is no objective way to price Bitcoin. There's no way to say that all the bitcoin in the world should be worth exactly $x. It all depends on what the market perception of that drop is: "this is the end, oh fuck, sell everything" or "ooh buying opportunity".