Imagine that. One quarter of all bitcoin sales in the last month was done by the literal definition of weak hands.
These were not people who researched bitcoin; who deposited it to their own wallet; who believe the tech matters; who know bitcoin's "inherent value" comes from being the world's largest immutable decentralized ledger; who feel that independent money has a place in the world.
Bitcoin's real price is only found when you shake out those speculators. Are you one of them?
EDIT: Fwiw, I kinda screwed up the headline here because itβs not that 26% sold at a general loss, itβs how many people sold after buying in over $90k. Meaning theyβve held since January and folded now. My point stands, however.
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