pull down to refresh

halving reduces the rate of supply increase.
Exactly. Details matter here.
We are still so early in Bitcoin's existence that the things you mentioned aren't in my opinion having the impact that emotion has. There is a lot of fear and greed but little understanding. Gonna take many years to change.
Few. Few get it.
"Few. Few get it."
Absolutely, you had to hear the way he said "There seem to be only 21M bitcoin, of which ~20M are already mined", like "Can you believe that?! Damn."
And then those are guys that make their living with financial markets and the likes... Imagine the average Joe.
reply
I don't think we're disagreeing, but you're making a really important point that I overlooked.
The supply curve does shift around whenever sentiments of Bitcoin owners change and those are still highly volatile. That's part of what I was thinking about when I was talking about hodl'ers, but of course it applies to anyone whose reserve price is changing.
reply