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Jay M
CNBC Television
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Comments by "Jay M" (@jaym9846) on "Jim Cramer on how investors should handle bitcoin's weekend plunge" video.
Suppose bitcorn started with 4 corns, and 1st person buys the 1st corn for 1$, 2nd person for $10, 3rd for $100, 4th and for $1000. All four think they each have $1000, but the silo only has $1111 not $4000. Now if 1st person sells his at the last price, he would have a $999 profit. And if the 2nd person sells his, he would get $111 (money remaining in silo). Persons 3 and 4 would get to hodl empty bags.
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