SqNr65 on Nostr: There are so many traders in Bitcoin just trying to make a quick buck, normal people ...
There are so many traders in Bitcoin just trying to make a quick buck, normal people who have been in tradfi their whole lives, who are keeping the price floating in a narrow band. It will take some time for the ETF people to run up against the wall of psychopaths who won't sell at any price (that's my peeps right there) and at that point they'll only be able to buy up the marginal supply being mined each day. That's when the price will start to climb.
The longer this takes the better for parabolic jumps, because the longer it takes, the closer it will be to the halving.
Historically, this explains why it takes time after the Halving for the crazy jumps to happen. The marginal supply gets cut in half, but the total supply is still quite big since not everyone is a hodler. But slowly slowly more and more Bitcoin comes into the hands of true holders.
This time, the demand jump is already eating away at the total supply, slowly slowly, but by the time the marginal supply gets cut in half there will barely be any left on the trading floor.
Then, factor in the inevitable QE and it really looks like this year all the domino pieces are lining up.
And then...
The longer this takes the better for parabolic jumps, because the longer it takes, the closer it will be to the halving.
Historically, this explains why it takes time after the Halving for the crazy jumps to happen. The marginal supply gets cut in half, but the total supply is still quite big since not everyone is a hodler. But slowly slowly more and more Bitcoin comes into the hands of true holders.
This time, the demand jump is already eating away at the total supply, slowly slowly, but by the time the marginal supply gets cut in half there will barely be any left on the trading floor.
Then, factor in the inevitable QE and it really looks like this year all the domino pieces are lining up.
And then...