Someone try to convince me otherwise that this is not what we are witnessing:
The fact there's no buying volume on any of the drops, or right now when it looks like it's starting to level out (because everyone knows Bitmain will attempt to rig it up above their cost of production), means most of the retail buyers of shitcoins were already all-in at $6500 and had no capability or desire to buy more...which is the entire reason it dropped in the first place.
So who buys at $4000? The shitcoiners mentioned above who were maxed out going and getting credit cards? I guess you could claim "someone who sold at $20k". But if they buy, who are they supposed to dump it on if their prime demographic is already maxed out as mentioned.
Is everyone sitting around literally waiting for new people to be born to try and induct them into the Ponzi? Is the answer to start a war so that demographics who refused to buy shitcoins will be killed off and replaced with new demographics willing to buy into the Ponzi? How does this situation resolve itself? lol.
Who buys at 1k? Who has that kind of money to pump the price into the multi-thousands? It's a scam I tell you, a scam!The fact there's no buying volume on any of the drops, or right now when it looks like it's starting to level out (because everyone knows Bitmain will attempt to rig it up above their cost of production), means most of the retail buyers of shitcoins were already all-in at $6500 and had no capability or desire to buy more...which is the entire reason it dropped in the first place.
So who buys at $4000? The shitcoiners mentioned above who were maxed out going and getting credit cards? I guess you could claim "someone who sold at $20k". But if they buy, who are they supposed to dump it on if their prime demographic is already maxed out as mentioned.
Is everyone sitting around literally waiting for new people to be born to try and induct them into the Ponzi? Is the answer to start a war so that demographics who refused to buy shitcoins will be killed off and replaced with new demographics willing to buy into the Ponzi? How does this situation resolve itself? lol.