I get the sarcasm behind it! But it's much more bigger than we can think off and much more complex than that! I agree there are whales who constructs pump and dump game to siphon out millions within a short period of time, but demand and supply also takes a crucial role in the entire volatility graph! It's not always the choice of sellers to sell at a lower price, rather it's a forced decision majority of the times!
The math is simple. Why would a seller sell their bitcoins at a decreasing price when selling at a higher price will make them richer?
Topic: The real reason BTC price has dropped - page 2. (Read 335 times)
You make it sound simpler, but behind a crash there are millions of dollars involved, and the final price is about offer and demand. So, the crash isn't about two guys buying and selling lower each time. It is about bears and wales moving bigs amounts of money.
Bitcoin supplier: "I'll trade you a bunch of 0s and 1s for $15,000"
Bitcoin sucker: "Ok, sounds like a great deal to me"
Next Bitcoin sucker: "I want to buy some 0s and 1s also but only for $13,000"
Bitcoin supplier: "Sure thing, how many do you want?"
Next Bitcoin sucker: "How about selling me 3 for $10,000 a piece?"
Bitcoin supplier: "Yep, pay in cash, please."
Bitcoin supplier: "I'm running a real deal special. I'm selling 0s and 1s for $7500 each"
Bitcoin suckers: "I'll take some", "Me too", "save some for me", "I'll buy 1/2 your stash for $5000"
Bitcoin supplier: "Sunday's Special 0s and 1s on Sale for $3200"
Bitcoin suckers all together: "We have already bought a lot at higher prices. We are only losing each time you sell cheaper. What should we do?"
Bitcoin supplier: "Hodl and buy more"
Bitcoin sucker: "Ok, sounds like a great deal to me"
Next Bitcoin sucker: "I want to buy some 0s and 1s also but only for $13,000"
Bitcoin supplier: "Sure thing, how many do you want?"
Next Bitcoin sucker: "How about selling me 3 for $10,000 a piece?"
Bitcoin supplier: "Yep, pay in cash, please."
Bitcoin supplier: "I'm running a real deal special. I'm selling 0s and 1s for $7500 each"
Bitcoin suckers: "I'll take some", "Me too", "save some for me", "I'll buy 1/2 your stash for $5000"
Bitcoin supplier: "Sunday's Special 0s and 1s on Sale for $3200"
Bitcoin suckers all together: "We have already bought a lot at higher prices. We are only losing each time you sell cheaper. What should we do?"
Bitcoin supplier: "Hodl and buy more"
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