Replying to Avatar noerms

Bitcoin question:

All these Bitcoin Youtubers often show Charts about how many addresses with balance above X amount of BTC. They refferr to them as showing growth and adoption. πŸ“ˆ

But is that really true? πŸ€”

If a whale buys 1 BTC every day and puts each of this BTC in different addresses, we have a big growth in addresses >1 BTC. But we don’t have more adoption πŸ€·πŸ»β€β™‚οΈ
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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 2y ago

There is no benefit for a whale to buy 1 BTC at a time. Only plebs that don’t have unlimited funds, DCA. So you can infer from the data more people are buying tiny amount everyday which leads to more adoptions.

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noerms 2y ago

Didn’t el Salvador announce to buy 1 BTC every day?