An even lower low at .052. Pretty bad.
These lows seem to be powered by two things:
- very few people are interested in buying at the moment and
- only a small number of people are prepared to sell at a substantial loss (the drop of 7 percent today was for a couple of purchases that only amounted to $1,300)
The overwhelming majority of people are holding on for dear life. As soon as people start showing an interest, the price will rise again.
I know it's not much of a consolation, but it's worth keeping in mind.
News and media, page-112
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