Replying to Avatar Jameson Lopp

Mind blowing metric:

The 1 year velocity of the average unit of bitcoin has dropped to levels not seen since 2011. That is, the average satoshi is spent only 6 times per year!

#m=image%2Fjpeg&dim=1920x1115&alt=Bitcoin+supply+velocity&blurhash=iOS%7EF%23e.uNpckWkCaeQmaKy%3DaKVYe.aff6aKkpafbvkpVsa1kCaLkBpHkWQnkCpHkCaekWkVVsj%5BuNaLVsaKaKj%5BkCkpaK&x=da60860fe81be9247121bb20ae6b85a04877ea2bd98b9d0fac0e27fa0c622417
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Monica 2y ago

So what does this mean?

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Jackie Boy 2y ago

That a single satoshi only moved 6 times the whole year. It shows that people are holding andstacking. This creates a lack of available satoshis for more plebs to buy. Get em while you can maximize sats/$

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Monica 2y ago

But wasn't the whole point to use Bitcoin? Why holding it forever?

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Jameson Lopp 2y ago

Saving and spending are both use cases.

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Monica 2y ago

Correct but with any other economy, the life of it is based on circulation.

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Versie21M 2y ago

And with any fiat economy, the death of it is based on debasement.

f1
Jackie Boy 2y ago

Save and spend it. Depends on the percentages you allocate for your stack.

Check this article out https://darthcoin.substack.com/p/bitcoin-be-your-own-bank-think-like

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Monica 2y ago

Thanks! This is something I have never even thought about before

"You always have to think in the future, how much you will start spending from a UTXO. So always have prepared many different UTXOs with many amounts."

Great article thanks for sharing!