So I want to be sure I've got this straight: germany had just under 50,000 BTC, and sold it all off in a few weeks.
When they started selling, BTC was at or about $62k and it 'plummeted' to $55k just barely long enough for the legacy media to report that it had 'plummeted' and that bitcoiners were 'freaking out'.
Then, maybe three days after they were done selling of the last of it off, BTC was selling above the price before the sell off?
It occurs to me that (SOMEHOW?!?) a ford F150 is about the same price 'well equipped'; About $62k.
Now, if I suddenly had 50,000 new ford F150s, and I started selling them off, how LOW would the price go? How long would it stay that low?
Granted, it would take longer to sell the trucks, because I can't just logon on to a seller, transfer funds and 'have' a truck like I can with BTC, but still...
Now I never understood money or markets or any of that shit my entire life, but it seems clear to me that the BTC market has a level of stability that is quite impressive.
#Volatility ?