The number of people who will never sell, no matter how high the fiat price of one #Bitcoin is, is not priced in.
No other asset on planet earth is held by so many people for whom the success of the asset is more important than fiat wealth.
Discussion
Not selling, is the smart move.
Btc will be global legal tender.
Then we can exchange value once more people join the network.
We ain’t never selling
- bone crusher. Probably.
Everybody has a price at which he is willing to sell but it is not only the price but the overall living conditions. I think that maybe among current bitcoiners there are those who will never sell even if price is satisfactory because they care more about the future of their children that about their own present. Another case is when there is threat of closing most of the onramps then it is risky to sell now coz it might not be possible to buy more in the future.
So it is not only current price but also prospects of the future.
In other words actions by Warren, ECB, BIS and other actors who hate or are affraid of Bitcoin and want to make Bitcoiner’s life miserable will only harden the stance of the Bitcoin Anarchocapitalistic Psychopaths.
And remember that I know shit.