LynAlden on Nostr: The issue with this is that whenever Bitcoin does go up like 5x, a lot of sellers ...
The issue with this is that whenever Bitcoin does go up like 5x, a lot of sellers *do* materialize. So it takes a lot more DCAing that one might think.
Like when the ETFs were gobbling up a lot of bitcoin, much faster than it was being generated, and people assumed it must go to the moon soon. In reality, there was also a lot of sellers out of cold storage from people who bought years ago.
Eventually, the amount of #Bitcoin stacked daily by the DCA crew will exceed the amount of liquid Bitcoin issued + available.
The price will go up daily, and it will fulfill its destiny as the best savings technology ever invented.
This is the Bitcoin Ratchet theory.
Published at
2024-08-27 11:08:03Event JSON
{
"id": "7e27c37141a32eea8d6908e13bcbefdd3dfc016db3c4cebe098e091c84681d4a",
"pubkey": "eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f",
"created_at": 1724756883,
"kind": 1,
"tags": [],
"content": "The issue with this is that whenever Bitcoin does go up like 5x, a lot of sellers *do* materialize. So it takes a lot more DCAing that one might think.\n\nLike when the ETFs were gobbling up a lot of bitcoin, much faster than it was being generated, and people assumed it must go to the moon soon. In reality, there was also a lot of sellers out of cold storage from people who bought years ago.\n\nnostr:note19wxszw9nvsgr9hdxl4euk3va2ywgmhf3h5ywjsplmq8ahv73jl4svrukgs",
"sig": "27d1148eaa64c79f83295f8d9d9dc50a8a982eeda09393f8925257f57368cfe5163bbede9754f0b4938b7c4c3c8f448bbbd939de8b539b461b9b1e8cbfadd003"
}
