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Replying to Avatar Lyn Alden

The current price for some bitcoin is about $36.5k, since the price is set around the margins. That price is liquidity constrained. If someone wants to buy a lot at once, it'll be at a higher price.

Unless someone can hack or break the network, the price for any of *my* bitcoin starts in the six figures, and even then only slowly in small fractions, depending on what else is happening and what else I can buy. And a lot of people are like that, probably two-thirds of bitcoin hodlers.

Bitcoin is my preferred money. In order to make me part with some of my money, I need to see something I want/need to consume or an investment security that I expect to outperform my money on a risk-adjusted basis. That's not an easy hurdle.

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3j2009 2y ago 💬 2

The question is WHAT PRICE does #bitcoin have to go to and how fast does it need to get there to trigger seasoned hodler's to sell some for fiat?

The price for *my* BTC is >$500,000usd.

There's a price air-gap $70k to x>$200k imo. Let it squeeze.

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t4es5ter5 2y ago

Never sell just spend whenever it's needed. There is no reason to go ever back to fiat again.

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3j2009 2y ago

Selling only to spend, yes.

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