10 sats \ 3 replies \ @TheBTCManual 21 Oct 2023 \ on: The Hodl Waves are stronger than ever. bitcoin
If it reaches 100k you still have miners generating just above 3 BTC every 10 minutes after the halving and a portion of that is dumped on the market, thats a lot of cash required daily to maintain these prices, hodling is one thing, driving up demand to gobble up the current float and new additions is a totally different beast
Block reward halves, DCA army still buys for the same fiat amount, price doubles, nothing really changed.
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Yeah but for anything above the basic doubling of price to meet demand, requires a massive increase in either the amount of stackers or the amount of capital they are willing to commit each day
You will also have to contest with periodic selling as you hit certain price points like 70k,80k,90k etc
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requires a massive increase in either the amount of stackers or the amount of capital they are willing to commit each day
Nah, it only needs some media attention and FOMO like previous halving cycles have shown.
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