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.
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.
quoting note19wx…ukgsEventually, 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.
