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bitcoin has plenty of buyers.

Many of us on here are buying daily and will continue to do so as long as we are earning fiat regardless of the fiat exchange rate.

This is why I am so adamant that the shitcoin shops (Conbase and binance) are selling paper.

You think there is actual demand for all the shitcoins they peddle? How much bitcoin are they printing out of thin air to prop up the shitcoins?

Just Need to continue to create more bitcoiners to counteract this temporary BS

cuban 1mo ago

I don't see it the same way but thanks. I'm sure there's some paper but they don't need to do that work right now ... There's enough selling to keep the price down.

When the long term holders weren't selling and ETFs + treasuries we're buying we went up from 50k to 120k.

When long term holders started selling and ETFs + treasuries bought we ranged for a year.

Now with sellers and treasuries + ETFs not buying we have been trending down

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Discussion

Meyer 1mo ago

Fair enough

Even if there is not paper bitcoin floating around, the long term holders only have a finite amount of coins to sell. They have to run out at some point and we will continue to gobble up their sats.

Have to think they are starting to run low already but I guess we shall see

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 1mo ago

We went to 69k without etfs, treasuries, saylor etc. Yet we trens sideways with a finite asset and you say no paper BTC out there? That doesnt math in my book, but paperBTC holders will enjoy their rug, its loading.

Meyer 1mo ago

Mental gymnastics