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Strategies & Market Trends : Blockchain and Cryptocurrencies

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To: FJB who wrote (239)	1/16/2018 10:14:57 AM
From: w0z	Read Replies (1) of 7596

EVERYONE taking profits to buy cool stuff is something a teen with zero experience would write. He doesn't even mention the people who are way underwater. The volumes traded above today's levels would reveal there are people that have lost a ton. Asians have been in crypto much longer than most in the US. So their cost basis is much lower and they treat crypto more like money, which is made to be spent when needed. Nobody with crypto experience buys at ATHs, and high volatility is part of the game. If they're not prepared for that they have no business in crypto. The primary losers in this process are noobs who buy high (e.g. recent FOMO peak) and sell low (like now rather than holding)...just like the stock market.

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