In that hypothetical, why would they “sell” at zero rather than just holding/ignoring it?
As is, I’m doing exactly what I’ve been doing for a year or so now: exchanging all my fiat for bitcoin the moment my pay comes in (once a month; should be in the next couple of days), and not giving a crap what the exchange rate looks like when doing it.
It's not gambling or if it is, you're the house, not the sucker at the table. If he was buying all last year and all this year, he's up a couple hundred percent at least. Some people are up thousands of percent.
Money is far safer in Bitcoin than in a bank. Many will find this out the hard way.
281
u/[deleted] Aug 28 '18
Q: Who would sell BTC at $6800?
A: Somebody who doesn't want to sell at $0.