On chain price:
Main culprit for a depressed #bitcoin price is an exchange holder
Coins register the price and once it’s moved on chain, that price leads to Market Cap movement
Say you pay $50,000 for a #btc but leave it on the exchange, you have not moved the coin at $50k
That bitcoin that’s allocated to u may have last moved in 2010 where it’s on chain move was $0.20
So you’re holding bitcoin worth $0.20 on chain
Move it to a wallet or even another exchange at worst
The coin moves on chain at 50k
Most exchange holders leave their coin where it is and claim 1:1
That’s cool and all
But you are actually manipulating the #bitcoin price downward
You’re securing lower value coin
Holding it at last moved value
Not allowing price discovery
And ripping yourself off while the exchange laughs really hard at you
The simplest way for #bitcoin to ascend is for all the exchange held Bitcoin bought lower than current $42,000 USD
is to simply move it
Register the on chain price higher
Push market cap to find true value
Wallah
#bitcoin price finds its true value
No podcast on Earth will ever discuss this, pretty much for the reason is all Podcasters couldn’t answer this question as they don’t know them selves
#bitcoin was built simple made complicated by its users
I’m from a day where exchange holding didn’t exist
You had to put in your public address, buy on exchange then they’d action the transaction and send to your wallet ON CHAIN PRICE MOVE!
Corruption in exchanges as they make a lot of fees in fiat…. All exchanges bar say Bitaroo and 1 or 2 others are simply sellers of anything for Fiat
If you’re an exchange holder who bought coin for any price….. Self Custody fixes EVERYONES problems
Many look to the culprit in #bitcoin a lot, you don’t have to look far
It’s always been the users…. Was it FTX fault people didn’t self custody? A conman gotta con
You choose how your #btc is used
Don’t like what Grayscale is doing or Binance or FTX bankruptcy selling or even CZ?
Then self custody
💨 problems go away
If it’s on an exchange then anyone can do whatever they like
Please stop thinking just because it’s #bitcoin these people are to nice to do this
Scammer will scam with anything
A Bible
A loved one
A #bitcoin
The length it’s taking Bitcoiners to understand Bitcoin is an embarrassment