Friday, 8 September 2017

Just remember when you see large sell orders/drops in bitcoin's price


When this happens, that bitcoin (money) is travelling from hands of people with very large holdings in bitcoin, and weaker hands than those buying it up usually. Therefore, these large movers are divesting. In divesting, the money is put into more peoples' hands. When it is put into more peoples' hands, liquidity increases, and volatility necessarily must decrease.Think of it this way: maybe Roger Ver sells 25-50% of his bitcoin, and sometimes idiotically, people will do that in one fell-swoop. When that happens, the price drops significantly, but then others (undoubtedly multiple people) buy it up. Thus, next time, those price variations must be consigned by multiple people, all who have independent will.See EVERY SINGLE SWING in bitcoin's price as a hardening in it, ups and downs alike.Me? I'm glad that entity that sold a gigantic sum of bitcoin no longer has it in his/her hands. via /r/Bitcoin http://bit.ly/2xiP9KR

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