Btc often falls much faster than it rises, though it obviously rises orders of magnitude over time, but the correction....20% ~ 30 % in 20 mins then a dead cat bounce.....
feels like earlier years where a 20% rise was normal in btc crypto land.
4~5 years .... 100K.
7~9 years .... $1M.
though $1M in 7~9 years will only have $500K buying power in today's $$$
I also wonder....how many BTC are going to be left for sale. I mean each time the market moves up, and drops....it must shake out a large proportion of people who are going to sell.
Then as it moves up to a new high it educates the remainder to not sell out if it drops.
Just Hold.
This is perhaps like a doubly or triple reinforcing process that is going to select perhaps geometrically for actors that do not sell, or less much lesser proportions of their holdings. This would indicate supply is going to really go down over time, further pushing up cost.
feels like earlier years where a 20% rise was normal in btc crypto land.
4~5 years .... 100K.
7~9 years .... $1M.
though $1M in 7~9 years will only have $500K buying power in today's $$$
I also wonder....how many BTC are going to be left for sale. I mean each time the market moves up, and drops....it must shake out a large proportion of people who are going to sell.
Then as it moves up to a new high it educates the remainder to not sell out if it drops.
Just Hold.
This is perhaps like a doubly or triple reinforcing process that is going to select perhaps geometrically for actors that do not sell, or less much lesser proportions of their holdings. This would indicate supply is going to really go down over time, further pushing up cost.
Some things are repeating constantly and those who know how it works benefits from that every time.In some point whales will dump coins on market and price will go down,many will follow and panic sell will start.After that like always whales will buy again at lower price.
I agree that with time many coins will cross in hands of some holders who will be very careful and will not sell in panic.So less coins on market for sale,smaller production every four years caused by halving and fact that most of BTC will be mined in next 10 years with increase demand-it can only mean that the price goes to the moon.
