Perhaps the author should not have chosen an exact number, but there will be a c... | Hacker News

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		algoatecorn on May 10, 2022 \| parent \| context \| favorite \| on: Web3.0 Must Be Destroyed Perhaps the author should not have chosen an exact number, but there will be a critical volume of sell-off which will trigger a further, massive sell-off from the majority token holders. The same principle that drove people to buy it in the first place will force them to sell. FOMO If you don't think this critical sell-off volume exists, then you are the one who misunderstands greed and emotion.

thebean11 on May 10, 2022 | [–]

People used to say this would happen at $1. Bitcoin price crashes every few years but so far it has bounced back higher.

yebyen on May 10, 2022 | [–]

FWIW I am for sure the one misunderstanding, I get burned by this every time.

Sell low, buy high – that's the name of the game isn't it?

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