When the price of #Bitcoin drops, those who do not understand it have weak hands and sell to those who do understand it aka The Hodlers of Last Resort.These cohort of individuals understand #Bitcoin ’s potential and they’re not selling with a very long low time preference.
Supply on the market available for sale decreases every time weak hands sell their #btc during a price draw down to the true believers of this technology.
So not only do you have the supply shock of the halving but also less #btc on exchanges for sale with market price cycles.
Thoughts inspired by @parkeralewis on the @TIP_Network episode titled ‘#Bitcoin is not a hedge’
ABitcoinGuy / CWM
npub1qm…2sswt
2023-11-17 13:16:51
Author Public Key
npub1qm8ltd4njp8lpr0r8hdkgm3kfrz5zgsjwnkdw0kjwf2xj9awrlhsn2sswtPublished at
2023-11-17 13:16:51Event JSON
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"content": "When the price of #Bitcoin drops, those who do not understand it have weak hands and sell to those who do understand it aka The Hodlers of Last Resort.These cohort of individuals understand #Bitcoin ’s potential and they’re not selling with a very long low time preference.\n\nSupply on the market available for sale decreases every time weak hands sell their #btc during a price draw down to the true believers of this technology. \nSo not only do you have the supply shock of the halving but also less #btc on exchanges for sale with market price cycles.\n\nThoughts inspired by @parkeralewis on the @TIP_Network episode titled ‘#Bitcoin is not a hedge’",
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