Don’t Judge on Price Alone folks, you need to look at the other data.  We’re all guilty of ‘judging a coin by its number’, but looking specifically at the inflows and outflows of bitcoin is more telling.  In the case of the last selloff, the inflows of bitcoin coming in prior to the price decline was likely attributed to coins coming onto the exchanges from offline wallets…so they could be sold. 

The most interesting piece of this article is looking at the who sold off….mostly new crypto investors as the profiles showed ownership of less than 6 months.   Panic happens, especially for new bitcoiners who haven’t experienced the waves.  They will learn to eventually love the waves, (or the dips), and see them as buying opps in the future instead of selling.

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