BitNBeautiful on Nostr: Their business plan is to function as a buffer in a volatile market. So they ...
Their business plan is to function as a buffer in a volatile market.
So they accumulate a stack and they sell when stock is low and buy when stock is high.
They put a premium on the price a piece, and that's how they make money.
The benefit for their clients is that they don't have to worry about the stock and flow of the day.
They get a steady price, nonetheless. That's what the OTC desks provide. They remove volatility from a volatile market.
We're now in the situation that the buffer is bought dry. They don't have BTC to dampen the sudden daily demand anymore.
So... volatility is coming back to Bitcoin. And it will be to the upside. And it will blow up another bitcoin bubble in the coming 18 months.
The buffer is broken. We're going to pump.
So they accumulate a stack and they sell when stock is low and buy when stock is high.
They put a premium on the price a piece, and that's how they make money.
The benefit for their clients is that they don't have to worry about the stock and flow of the day.
They get a steady price, nonetheless. That's what the OTC desks provide. They remove volatility from a volatile market.
We're now in the situation that the buffer is bought dry. They don't have BTC to dampen the sudden daily demand anymore.
So... volatility is coming back to Bitcoin. And it will be to the upside. And it will blow up another bitcoin bubble in the coming 18 months.
The buffer is broken. We're going to pump.