Bitcoin Shortage - This is not a drill people!

[scooterscot]

More and more people are trying to clamber onto the ladder in a desperate effort to join the rush. Ignore it. This going to be the mother of all corrections, not something you want before Christmas.

[northernladuk]

Correction as is the price will drop to reflect the bubble created by people clambering to get on you mean?

[scooterscot]

In the last two corrections 0.1% of traders out there are sitting on a massive portfolios. They were first out the door and sold billions in one go. They're technical, cool headed and calculated. All we need now is the match..

[pauldee]

Surely a shortage will push it up in value?

[northernladuk]

Don't people that post endlessly about how much they are making and how they should buy make this type of rush?

[northernladuk]

In the last two corrections 0.1% of traders out there are sitting on a massive portfolios. They were first out the door and sold billions in one go. They're technical, cool headed and calculated. All we need now is the match..

This doesn't make any sense to me.

[ChimpMaster]

This doesn't make any sense to me.

Does any of the whole crypto thing make sense?

[darmstadt]

Bitcoin, the currency of choice for criminals. Just waiting for it to become the next big offshore (as in virtual) tax avoidance scheme: Drug dealers laundering their money at bitcoin ATMs, London police say - Business Insider Deutschland

[SimonMac]

Surely a shortage will push it up in value?

I think he is alluding to the fact that when long term holders of Bitcoin dump theirs the market will become flooded and the price will crash, its called a bubble bursting, there has been a few though out the years

[scooterscot]

I think he is alluding to the fact that when long term holders of Bitcoin dump theirs the market will become flooded and the price will crash, its called a bubble bursting, there has been a few though out the years

Exactly. Sorry if not clear. This has happened twice this year already. Someone is going to cash in big before Christmas. Probably JM Morgan

Then a panic sale begins. I'll be waiting at the bottom with cash.