Joey Dean's avatar
Joey Dean
npub1e585...p9m9
An Enterprising Investor! Trying to allocate my capital to grow it AND keep it! I try to spend very little time on the couch! Thinking out loud here! My YouTube channel https://t.co/WLZDGqMjxG
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Deanoroll5 2 years ago
The number of #Bitcoin on exchanges is now lower than at the end of the 2017 bull run. See attached chart. The peeps that HODL coins aren't going to give them back easily. The mining reward is getting cut in half this year with the halving (6.25 down to 3.125). Supply suffocation = INBOUND Tick tock, next block. Why do I say HODL'ers aren't going to give them back easily? Enter the HODL Wave chart (see attached chart). During peaks in price coins change hands (HODL'ers sell) and during bears they don't. Less have changed hands this time than EVER before (more have held their coins longer than ever). Fewer coins leaving existing HODL'ers hands AND fewer coins are being created AND exchanges having fewer coins available to sell to people wanting to buy Bitcoin. If demand cranks up prices are going to have to rise to convince the HODL'ers to part with their coins. I personally know a few HODL'ers and there is NO price that is going to bring their coins back online...NONE. I suspect there are MANY just like the ones I know. Good luck buyers!
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Deanoroll5 2 years ago
Everything Is Monetized! TL/DR: If the currency isn’t scarce, everything else on the planet that humans desire will become scarce. I’ve spent the last 15+ years (since the ’08 financial crisis) trying to figure out how to manage money during unprecedented times. We are living in an experiment. My guess is you are going to have to try new things (while also adhering to some old things) to thrive! I doubt I have it figured out, but I’m closer than I was. Here’s why I’m doing what I’m doing. I hope you find it helpful in thinking about your financial journey.