What other market or network can withstand hundreds of millions being dumped on spot without having its price absolutely collapse right away?
Only #bitcoin and its users aka the HODLERS can do this
If this doesn’t convince people idk what can
Discussion
When someone says hodling ain’t a usage, the statement above shows that hodl is one of the most crucial components of this system. NO LETTUCE HANDS HERE 😤
Respectfully, Bitcoin market liquidity is a joke compared to government bonds, currency, and some securities markets. But I agree the price is resilient to the sell volume that Germany and others are doing.
That’s my point tho. What other market can withstand such a drastic move? Being all organic without a plunge protection team behind it?
Are you implying the volatility? Or the sell volume?
Both
The 3 examples I gave can withstand 10x+ the $ sell volume that Bitcoin is seeing now. Literal billions in 1 order.
I could also find examples of markets with similar standard deviation/max drawdown/beta/volatility metrics that trend upwards over 5+. Early Amazon stock price action is one that comes to mind. Bitcoin may be alone when it comes to maintained elevated volatility yet sharp uptrend for 12+ yrs. I may try to research that with a screener later.
And we never run and cry to the feds to halt trading 😂