Replying to Avatar Cyph3rp9nk

Not really. Hodlers do not matter for the market price, holders are not willing to sell but others are. Whoever is not willing to sell does not set the market price.
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hodlbod 2y ago

Ok, but why does it require exponentially more buying capacity as prices go up? It seems like it would be a linear curve to me.

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Cyph3rp9nk 2y ago

You are right, it is a linear relationship between the price difference and the supply at that time, assuming constant supply and demand.

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a6978ce7... 2y ago

In the fixed supply environment that is Bitcoin doesn't price grow exponentially based on demand? It is relatively stable when supply and demand are at parity but as soon as demand outstrips supply, if the supply cannot be increased then price goes parabolic.