Yes but all this Bitcoin “enthusiasts” obviously sold hard for cash.
That is not investment it is a monthly trade.
If they were real investors then why did they sell hard and dump the market?
I am new to this but imho that is slick trading, not investing.
Investing is putting money into a project in order to see a return once that project bears fruit, it does not happen in a few months.
They are not buying for value they are simply buying in so they can sell hard when the initial buying capital is raised. It is not supply and demand but simply maths of a price rising once people invest.
Once people invest this is seen and is generally accepted as a great time to dump and sell for profit.
So really the projects need to raise capital beyond ICOs and speculation.
Yet raising capital in the decentralised ‘‘free world’’ of BlockChain is a dirty word and consequently we sit by and watch “Bitcoin gurus” make billions and never question why the wealth is only going one direction… to the top.
At the end of the day we still trade in cash on fiat systems well capable of accommodating all our needs.