Viewing a response to: @ullallulloo/re-lukebrn-re-jrcornel-bitcoin-is-sliding-again-what-s-causing-the-drop-20180122t213619668z
not true. I know a lot of very well off newbies with a _huge_ collective sum invested. There are also a lot of very well off people investing who are still newbies. Analysis is speculation yes.
| author | lukebrn |
|---|---|
| permlink | re-ullallulloo-re-lukebrn-re-jrcornel-bitcoin-is-sliding-again-what-s-causing-the-drop-20180122t215601122z |
| category | bitcoin |
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I mean, even if you knew 100 people who had $100,000 each and they simultaneously sold all they had, that combined would still only be 0.2% of the daily volume during a big drop.
| author | ullallulloo |
|---|---|
| permlink | re-lukebrn-re-ullallulloo-re-lukebrn-re-jrcornel-bitcoin-is-sliding-again-what-s-causing-the-drop-20180122t215947041z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
| created | 2018-01-22 21:59:48 |
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| root_title | "Bitcoin is sliding, again. What's causing the drop?" |
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Yes I agree, but we're not talking $100k when it comes to a lot of people, the deeper you get in to this world the more you will see how much some people invest, I agree that it's mainly firms and some VCs etc., but they aren't the only ones who have a defined effect.. in fact the snowball effect could be produced by very small percentage moves.
| author | lukebrn |
|---|---|
| permlink | re-ullallulloo-re-lukebrn-re-ullallulloo-re-lukebrn-re-jrcornel-bitcoin-is-sliding-again-what-s-causing-the-drop-20180122t221915053z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
| created | 2018-01-22 22:19:18 |
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| root_title | "Bitcoin is sliding, again. What's causing the drop?" |
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