Why Nostr? What is Njump?
2024-08-27 11:08:03

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.


Author Public Key
npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a