Bitcoin
Bitcoin
Out of context: Reply #1833
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- Bennn0
aaand back to 40K
- if this thing crashes, were all the money spent on it go?********
- To the people that sold.BH26
- Then they buy back at the bottom ;].BH26
- Right. if this happens, then why it crashes?********
- If you buy a car, and want to sell it on used car market, where does the car go when you drop the price 50% cos no one buys it 6 months?shapesalad
- That's what happens to bitcoin in the crash, the sale price drops. the money isn't going anywhere, it went before, when someone bought at 40k, someone else soldshapesalad
- Then when no one wants to buy at 40, or 39, or 38, etc, price rapidly drops until buyers come in. Money isn't going anywhere.shapesalad
- Heard mentality. Panic saleAQUTE
- I can cash out and make like $5 after fees!nocomply
- Let it get to 50k and make that 10 bucks lolAQUTE
- The example with the car is stupid - a real car can be "recycled" and still extract value. Bitcoin is just the heat from the mining farms - it just dissipates!********
- if this thing crashes, were all the money spent on it go?