#Bitcoin’s first block wasn’t just a launch. It contains a message that is a permanent middle finger to the entire banking system

GM

#bitcoin #nostr #zap #stack #memes

To better understand the current market conditions, it is worth familiarizing yourself with a little game theory, a concept that has played an important role in modern economics and has been the basis for many Nobel Prize-winning studies in economics. Game theory studies decision-making in situations where the outcome of our choices also depends on the behavior of others. The #Bitcoin market is a clear example of this concept. On one side, there are sellers who are selling out of fear of further price declines, and on the other side, buyers who are waiting for the selling pressure to end. The important point here is that selling power is limited. The more the market corrects, the more sellers exit their positions. Eventually, we reach a point where a large portion of those who intended to sell have already sold, and there is not enough power left to continue the downward pressure. For this reason, markets often change direction when the majority is still waiting for the same trend to continue. From a game theory perspective, when everyone is expecting a further decline, one must also consider the possibility that the sellers have played their last cards and the market is on the verge of a phase change.

STAY HUMBLE, STACK SATS, SPREAD LOVE ... REPEAT 🧡

No noise, no hype,just patience, humility, and stacking sats.

GM