Bubbles happen when people are on a buying spree and the price of the asset keeps rising higher because no one is selling, but when you start to run low on buyers, the people finally decide to sell it happens all at once and you enter nasty long term bear markets. That is the story of 2017 and 2019.Going up slow, letting the old people who bought in earlier distribute to the new people accumulating at new price levels is the healthiest way to lock in the gains. Earlier today there was tens millions of dollars worth of coins dumped on the market today, but the price barely went down because it was bought up. That was a very healthy sign for bitcoin.
Submitted July 28, 2020 at 09:35AM
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