3 ms·
Yep it's basically a game of musical chairs to see who will be left holding the bags. There will be tons of speculators speculating on the actions of other spec
by Thorentis 4y ago
Yep it's basically a game of musical chairs to see who will be left holding the bags. There will be tons of speculators speculating on the actions of other speculators.
E.g. If you're a speculator, you assume that hundreds of others are thinking just like you and are also wanting the price to 100X for just a moment. Which might drive the price slightly up. It's just a race to see who can execute the second to last trade before the whole house of cards comes crumbling down. Crypto is a pyramid scheme and a roulette wheel all in one.
- sam_bristow 4y ago*hodling the bag is the preferred terminology I believe.