Most are saying that the current BTC price fall is from LTHs selling (plus others who think the cycle is over)… which sounds fair enough I suppose … I haven’t a clue.
However, as along term holder with no intention of selling in the short term and no leverage… isn’t this good thing?
I mean.. even if the OGs locked in huge profits and leave for good … fair enough.
But this only means less and less OGs that have cost base of a few 100 dollars per coin.
Even if the OGs buy in again their cost base would be $90odd k per coin?
So given time, everything catches up and away we go again.
I know, I know, there’s still Satoshi’s coins still sitting there.
But at the end of the day, I’d fully expect the long term OGs to cash out.
Just thinking out loud. 👍🏻🙂🙏
Mudgestein
mudge@nostrplebs.com
npub1hxvm...7r8p
₿itcoin Nostr newbie | ₿itcoin Node Runner | Lifetime control group member | ₿itcoiner living in the Aussie ₿ush 🇦🇺🦘
#Austrich
📍By the ₿ig wheel generator.
Notes (9)
Wet Sunday up here (glorious🙂).
Spent the morning learning more about sparrow wallet… adding accounts. Dice rolls for seed generation... downloading and verifying an offline version of the bip39 calculator. 👍🏻🙂
I’ve still got a bit of work to do…
MrsM: “What does BTC stand for?”
🙄😂


I’m a poet and I didn’t know it!😂


Easing into retirement.
Might make some rissoles (meatballs).
I haven’t used this meat grinder for decades.
It is used to glog up ALL the time from memory, I think that’s why I ditched it.
But this rump went through like butter. 🙂


Roast pork on the go on the bbq.
I’ve worked out if I put my special Bluetooth monitoring device right here, I can monitor the temp from the deck out to the back shed where I’m tinkering!
(Win win 😬)
Ps, I’m nearly out of gas and have a spare bottle ready to go. 🙂


What you looking at digger! 🙂🦘


Power outage early this am.
Dragged out the trusty “quart pot” to make MrsM a cup of tea and myself a coffee.
Prolly last used 20 years ago.


Hello good people.
Just a SMSF question if I may for those that do this.
Surely all your Bitcoin conferences are tax deductible? 💅🏻