Ive heard recently criticism for BCH, that people took out massive margin loans and got margin called, meaning their BCH got force sold causing the price to crash to $100.
They then go on to say that BCH is a bad project because it didnt go up like Bitcoin-Core and Ethereum.
Hello!!! your margin call is what caused the price to crash....they literally sold their $1500 crypto coin for $100 , subsidizing coins by $1400 (94% realized loss/subsidization). They are the reason its so low. Then they judge the project by their actions.
They could do the same for any asset, buy a huge amount and then market sell it at huge losses. Their choices affected everyone and will take time for the markets to recover from their actions.
A recent example, a massive hedge fund single handedly cause Netflix shares to crash, selling off their 1 Billion dollar stake for a 400 Million dollar loss. The market eventually recovered to well above the crash price, but it took some time. Source: https://www.theguardian.com/media/2022/apr/21/us-hedge-fund-billionaire-bill-ackman-sells-netflix-stake-at-huge-loss
TLDR: The point is that these whales screw the price , then blame the project for being bad even though they are the cause of the price crash, and then after some time the projects prices recover.
[link] [comments]
source https://www.reddit.com/r/btc/comments/12hregv/some_investors_feel_bch_is_not_good_anymore/
No comments:
Post a Comment