What all the “paper Bitcoin” people don’t understand is that actually paper Bitcoin is good
Because when markets figure it out it’s gonna explode
To the upside
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Been thinking about this lately. What about the FTX collapse? They had basically all paper Bitcoin and when they went under, the price tanked. People panic sold on the news or what?
First rection to any news alike that is always gonna be the same because there are many scouts with paper hands in any market. However, Bitcoin is up 500% since FTX collapsed. What happens tomorrow is not important because the day after tomorrow we all get richer
To your original post, when the market figured out FTX, it exploded to the downside.