I think it is an important question as to WHO are the long term hodlers who are selling.
Perhaps some of the buyers in 2013(ish) who are now selling were not interested in price appreciation. Perhaps they were accumulating a reserve to try to manage future volatility.
Say whatever you want, I absolutely don’t believe that long-term, authentic bitcoin hodlers are selling here because it goes against the obvious halving market cycle timing. I believe anyone selling in bulk here is trying to suppress price.
8r0ck3feller / 8R0ck3feller
npub1h4…a2jcm
2024-10-09 14:37:16
in reply to nevent1q…rmrm
Author Public Key
npub1h4lrzqnrne72xj00yl3zzr0k6qn93cqe5g4vvkfechs6mn89mwyqfa2jcmSeen on
wss://relay.damus.ioPublished at
2024-10-09 14:37:16Event JSON
{
"id": "9c9cf7fafd807907dfffbdc073429d8517940f05ddd510a47e31c2d87e33c976",
"pubkey": "bd7e3102639e7ca349ef27e2210df6d02658e019a22ac65939c5e1adcce5db88",
"created_at": 1728484636,
"kind": 1,
"tags": [
[
"e",
"a62a73faa40b08d8e62b659f1e4f28860d286b5db612af39213c201739f1dc80",
"",
"root"
],
[
"e",
"c21fb42210280eba795f2a4e2320c8a60e178960be7325cd380cee2fc3e451a7",
"",
"reply"
],
[
"p",
"ee6ea13ab9fe5c4a68eaf9b1a34fe014a66b40117c50ee2a614f4cda959b6e74"
],
[
"p",
"05e90eff47c1e0ecaf5c5bdd4cb25b96993728a68d8baf5fdd5ceb4e4c522648"
],
[
"p",
"a7bbc310337ef342474f8311949a713a61f9002d146c75493fef6628fe7b7be3"
]
],
"content": "I think it is an important question as to WHO are the long term hodlers who are selling. \n\nPerhaps some of the buyers in 2013(ish) who are now selling were not interested in price appreciation. Perhaps they were accumulating a reserve to try to manage future volatility. \n\nSay whatever you want, I absolutely don’t believe that long-term, authentic bitcoin hodlers are selling here because it goes against the obvious halving market cycle timing. I believe anyone selling in bulk here is trying to suppress price.",
"sig": "4fe923462301d07dad77324344aad3b5611fc482b8be2be5a5409edb4b694a18d8a1d99956661e6a81823868185a9b13eb58bd736402c9a35fbbe07adde8100a"
}