Replying to Avatar Meyer

I mean how many coins do these idiots have?

They just sold 20k to saylor over the weekend and have more to dump on the rest of the market this morning?

I don’t buy that this is all organic selling by “OGs”…I hate to be a conspiracy theorist but I think Coinbase is playing games and I just can’t wait until they get smoked and go out of business.

Play stupid games and win stupid prizes
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𝕞ptf 10mo ago

I agree there is likely some paper Bitcoin involved somewhere, probably at Coinbase. But there are many OGs unloading 1000s of Bitcoin they bought for cheap years ago.

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Meyer 10mo ago

Again how many OGs still have 1000s of bitcoins to dump? Saylor has accumulated close to 500k coins and ETFs are vacuuming up a ton also.

Also if you were an OG with thousands of coins why are you dumping your entire stacks here? I can understand peeling off maybe 100 coins to upgrade lifestyle, buy some new toys or take a sick vacation but wtf do you need to dump thousands of coins to sit on a stack of fiat?

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𝕞ptf 10mo ago

I think many are selling just for life upgrades but you can see we are still at elevated long term holder selling. 1-2 year holders are stable/declining.