/biz/ - Business & Finance

>>18991274
> wh*toid's delusional daydreaming

>>12622366
Based. Why else /pee in sink/ here?

>>11055834

>>5343729
>/3rsfy3/eli5_why_did_bitcoin_fall_from_1000_in_2013_to/


had a good laugh ... sounds exactly like the current situation

At a time when the overall market was still very small and subject to manipulation by the exchanges, there was a surge of adoption spurred by publicity that caused the supply of BTC for sale to be overwhelmed to the point where nobody wanted to sell any of their coins unless you were willing to pay above market value. This spiraled out of control when FOMO (fear of missing out) kicked in, causing the price to get "pumped" to levels that were irrational and temporary, causing mass sell offs, followed by slow and more gradual sell offs until a price floor is created, this time around $250.

The only real difference between then and now is the number of people transacting. With more buyers and sellers comes more liquidity in the market, meaning it's easier to buy and sell large transactions without causing large price swings. This also means there's more resistance to price movements, and thus more organic movements instead of few parties manipulating small markets.

>>4840210

good riddance

>>2848340

could be because i don't understand how selling bitcoin works, and who's buying with what

and who's got priority on their sell-order ... idk but i'd assume undercutting gets you priority

with the literally worthless amounts early owners have ... there couldn't be enough stupid people willing to buy when the time is right to sell > with that a lot of people unable to sell their coins ...