It could be that or something else: when price of stock rises too quickly, to a high price that makes it unattractive to buy, most of investors missed the opportunity to buy and only a few are on the train. That means that there will be very few playing the game. That means that the burden of carrying the price higher is split amongst the few, so it is heavier and hard to carry, as each rise in price requires them putting more and more money. It also means that when investors want out, there will be nobody to buy them out, which will make it worthless. Also, this could be a publicity stunt, or to mask the fact that one of the whales just got off. In conclusion, they need a lot of people to sustain the growth, because the game of coins only works if there is somebody to buy you out, otherwise you just spend real money on fake worthless coins, for no reason, being no way to get money back.
You people really think he was buying it at 30k area.. suree.. xD. He bought way before that.
As u emang orang satu ini
Pretty sure bitcoin is systemically racist and a covid denier
Well this is IMO problem with bitcoin (and many other crypto currency which are almost exactly replicating bitcoin behavior). Its very depandand on such bullshits. Elon says bitcoin, everybody buys and it go up by 30%. But yeah high reward high risk
Some people need urgent 5 x week intense therapy to work through their issues with their parents. Unbelievable. All I see in posts like op is pure narcissism, resentment, and lack of gratitude.
Elon is the craziest when it comes to the stonk market.