We struggled, had several tries and didn't push through the 60s.
Did we run out of money?
#bitcoin's market cap is hovering around 1T, that is significantly larger than previous cycles. We don’t have enough money to push through.
A common misconception, thread:
Did we run out of money?
#bitcoin's market cap is hovering around 1T, that is significantly larger than previous cycles. We don’t have enough money to push through.
A common misconception, thread:
What determines the price?
Answer: the last sell, that’s it.
If we run out of sellers, price will go up until somebody bids high enough for somebody to sell.
What we really need are strong hands, and a single soul to buy at a high price.
Answer: the last sell, that’s it.
If we run out of sellers, price will go up until somebody bids high enough for somebody to sell.
What we really need are strong hands, and a single soul to buy at a high price.
Hype naturally attracts weak hands, that is also what this correction is about imo. When we run out of weak hands the correction ends and the price is ready for the next leg up.
#Bitcoin's market cap is at 1T but it didn’t take a trillion to get there. People bought at prices as low as 1$.
Market cap is a misleading and doesn’t represent real money invested.
If we want to get to a market cap of 4T (half of gold) we obviously don’t need 3T of inflow.
Market cap is a misleading and doesn’t represent real money invested.
If we want to get to a market cap of 4T (half of gold) we obviously don’t need 3T of inflow.
Hypothetical situation:
Imagine there isn't a single seller until 200k (💎👐).
We now only need a single buyer with 200k for the price to move there.
We only need 200k to get a market cap of 4T (half of gold), if the supply would be zero.
Imagine there isn't a single seller until 200k (💎👐).
We now only need a single buyer with 200k for the price to move there.
We only need 200k to get a market cap of 4T (half of gold), if the supply would be zero.
The supply isn’t zero but the supply shock is real:
https://twitter.com/dilutionproof/status/1376620956379181058?s=20
The demand is real too:
https://twitter.com/Geertjancap/status/1371738186578337793?s=20
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