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Replying to Avatar Lyn Alden

The issue with this is that whenever Bitcoin does go up like 5x, a lot of sellers *do* materialize. So it takes a lot more DCAing that one might think.

Like when the ETFs were gobbling up a lot of bitcoin, much faster than it was being generated, and people assumed it must go to the moon soon. In reality, there was also a lot of sellers out of cold storage from people who bought years ago.

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Michael⚡️ 1y ago

Yep there will always be new sellers, and this is likely exasperated during recessionary times or during periods of higher rates. I think the last little while retail has been more sidelined relative to previous cycles.

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