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95 sats \ 1 reply \ @denlillaapan 18h \ parent \ on: How Paper Bitcoin Ate the Bitcoin Bull Market bitcoin
These companies brought massive buying pressure to the market but the selling pressure was much more prevalent thus the price collapse.

I'm not convinced this is right. Brought lots of dormant coins out of hiding (eg, Adam Backs of the world).

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37 sats \ 0 replies \ @BlokchainB 10h

Of course price makes everyone come to the yard. Both buyers and sellers.

This is my main critique of the article. The folks selling bitcoin are completely ignored and the companies that are massively down in fiat still hold BTC which is way ahead of the trend.

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