Why can't bitcoiners just hodl or DAC and wait for halving?
The main reason is that halving, in theory, only doubles bitcoin price if the mass adoption stays the same(do nothing). Purely hodling can't realize bitcoin's value. Or even just DAC or buying bitcoin yourself can't make much difference comparing with half trillion total value bitcoin is right now.
Very simple mathematics:
Demand / supply + fiat depreciation = price movement
bitcoin is NEVER deflationary. There is only new supply. And the supply is halved every four years. bitcoin supply is definite. Don't think about supply(halving). Think about demand!
"I am just buying" That's not enough. Try to spend and earn bitcoin at the same time to let more people know bitcoin!¹
Sam L / BTC HK meetup
npub1qd…ensvq
2023-08-15 05:02:10
Author Public Key
npub1qd9frjh3tc7rjqp3m8uzxf2uq9p8mewlym3zl6xmh3zwvj4t90cs7ensvqPublished at
2023-08-15 05:02:10Event JSON
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"content": "Why can't bitcoiners just hodl or DAC and wait for halving? \nThe main reason is that halving, in theory, only doubles bitcoin price if the mass adoption stays the same(do nothing). Purely hodling can't realize bitcoin's value. Or even just DAC or buying bitcoin yourself can't make much difference comparing with half trillion total value bitcoin is right now.\n\nVery simple mathematics:\nDemand / supply + fiat depreciation = price movement \n\nbitcoin is NEVER deflationary. There is only new supply. And the supply is halved every four years. bitcoin supply is definite. Don't think about supply(halving). Think about demand! \n\n\"I am just buying\" That's not enough. Try to spend and earn bitcoin at the same time to let more people know bitcoin!¹\n",
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